Buy the DIP, and HODL!

[Pi-network314159]

The purpose of investing in Bitcoin should be changed, we should consider the current decline in Bitcoin as an opportunity. The price of Bitcoin is relatively low in the current market. Those who are doing DCA will benefit the most from this market. And those who are waiting for the dip are expecting temporary gains, with little chance of increasing their holdings in the long term. Those who decide to buy Bitcoin after the price of Bitcoin drops below 100k are investing based on luck, while those who are doing DCA are consistently moving towards the implementation of the goal. Who wants to see themselves at what level will depend entirely on themselves.

This is a good time for DCA investors in particular to buy at low prices. I think it is a good idea to be aggressive during this time if you can afford it. But it should be within your means, nothing in excess is good. So try to use this time wisely and plan for the long term. I am not saying anything for short term investors here, if they are expecting big profits then they should definitely accustom themselves to long term planning.

Well in as much as DCA is one of Best strategy to buy Bitcoin does not mean it should be replaced for an opportunity to buy the dip. Currently this is the best time to buy the dip. any investor that has enough discretion fund should just buy the Dip while on the process should adopt the method of DCA since no strategy should be left behind as all works together for the growth of our portfolio.. this opportunity will help an investor to stackup more Bitcoin stash to his wallet and it will help you build a sizable wallet in the long run.

[Nightwatchmare]

Hi JJG. I wanted to ask a question according the acummulation of Bitcoin and this thread is I think the best for that. I wanted to ask tha We should invest Big amounts of Money at a big dump for example $5000-10000 or we should break down this amount and DCA it over the course of a few years. I believe investing it at once is a riskier choice but can give you more profit than DCA. But DCA is Not Very Risky and requires Time and Discipline. What would you say a person should choose if they want to Increase The value of their money The Most. Thanks  

Although this question is addressed to JJG, I will also answer your question. I think the answer is quite simple: if you truly have $5,000 or more, and that money is strictly discretionary funds, I don't think you need to worry about starting to invest in Bitcoin. There are only two options, in my opinion: aggressive buying or using the DCA technique. I believe both options have their advantages, so the point is, don't be afraid of making the wrong choice. So, if you choose to aggressively buy Bitcoin, I think that's fine right now. As long as you truly plan to invest in Bitcoin for more than 10 years, I don't think aggressive buying now is a problem.

Because in 10 years, the price of Bitcoin will likely be much higher than it is now. So, with that in mind, I think it's safe to aggressively buy Bitcoin now. But if you want to be more relaxed and want to invest by buying Bitcoin at various prices, I think DCA is the right path. Essentially, you just have to choose between the two options. And I also remind you, if your funds aren't entirely discretionary, you should separate the non-discretionary funds. So, don't let that money get mixed up in Bitcoin, as that's certainly not good for your Bitcoin investment.

HustleZ gives an example of $5k to $10k so he was not exactly precise, since it makes a pretty big difference if the amount is $5k versus $10k.  It also might make a difference to tell a few more things about the investor, such as some guidelines in regards to his 9 individual factors.

If HustleZ is describing the amount as being available for bitcoin investment, then the presumption would be that the amount is discretionary funds, even though it would be nice to know more things about ths hypothetical guy.

Regarding your "only" two methods, you failed/refused to mention buying the dip.  Do you think that buying the dip is not an option?  Of course, we might not agree with the employment of "buying the dip" as an option, yet it seems to be purposefully ignoring a whole category and a whole other approach to fail/refuse to mention buying the dip as one of three possibilities.

I would call them 1) buy right away, 2) defer by time (DCA) and 3) defer by price (buy the dip). 

The level of "aggressiveness" can fit into any of the three categories .. since in any way that we approach bitcoin we can approach it on scale of whimpy to aggressive and those approaches depend on context... so for example, if the amount is $7.5k (let's pick an amount in the middle of the range), and he chooses to DCA, he could DCA relatively aggressively $1,071.43 per day for 7 days or he could DCA relatively whimpily $468.75 per quarter for the next 4 years.  We always retain the ability to be aggressive or whimpy and we can change our level of whimpiness or aggressiveness whenever we like.

Of course, buying Bitcoin when the price drops is very profitable. But I didn't include it in a category because I don't want someone just starting out investing in Bitcoin to wait for the price to drop before making a purchase. If they wait for the price to drop to a relatively low level, I think it's fine. But it would be problematic if they waited for Bitcoin to drop to tens of thousands of dollars before making a purchase. As we know, the potential for Bitcoin to drop to tens of thousands is very small. So I don't want anyone to wait too long for something uncertain when investing in Bitcoin. But again, I emphasize that if HustleZ waits for a relatively low price drop, he could still be waiting to make a purchase. So, basically, we don't know what his plans are if he chooses to buy Bitcoin during a price drop. Therefore, I didn't include buying during a drop in the category because I'm afraid he'll wait for the price to drop significantly, which would be a waste of his time.

Buying the dip is one of the strategies for accumulating bitcoin, and if you are not okay with accumulating bitcoin with the buying the dip strategy, you shouldn't exclude it from the strategy used in accumulating bitcoin because there could be a time in your accumulation process when you can decide to use the buying the dip strategy to accumulate bitcoin. The buying the dip strategy is basically not good for new investors to use at their initial stage of their investment since it is hard for Bitcoin to drop to their expected price, but if they have accumulated a good quantity of Bitcoin, they can start making use of the buying the dip strategy.

[Sonia_123]

This is another dip to buy again because the price is rising again. and the price right now is $114+k and it is in the green and the indication shows that it will hit $122+k again, those who were waiting can invest now and don't waste their time again but invest now that is still low.

It  show that this is another opportunity for buyers to accumulate bitcoin from this dip before the price will increase again, and the only thing that will make some investors not to buy in this particular price in the market, it  may be lack of fund which is the only thing that will stop such group of investors not to buy bitcoin now because the price has dropped down compare to the high price they have been accumulating bitcoin from, but from this indication, I don't think the bearish season is here already because the price will definitely hit $130k before the end of this year, and  whoever that will invest will not be waiting for low price to appear before they can invest on bitcoin than to start buying from any price and continue holding to witness the $130k that will hit the market soon.

Any investor that uses the DCA method to accumulate Bitcoin, the Dip is a time for them to front load or invest aggressively if they have been preparing for it but it is quite unfortunate that some folks don't prepare for this situation and greed will make them want to touch other funds that are not supposed to used to invest in Bitcoin and at the they began to have problem in there investment that is lack of knowledge. You don't have to work yourself out when you don't prepare for something because if you do you will definitely get into problem.

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

It is just a little dip, and it’s normal. It is possible the dip is just for correction, so I don't know why you're saying that we have entered a bearish period. If that is the case, when Bitcoin reached $100K, why did it drop to the $80K range and still move to above $115K without taking much time, and later move to $120K plus?So, what I just want to say is it’s normal for Bitcoin to take a correction. When the bearish period starts, it will be hard for someone to know unless it continues dropping and drops to one level.What is there is how people keep predicting Bitcoin some months ago  that Bitcoin would drop to $70K  but by the end of the time, the prediction was made even while Bitcoin’s price was increasing.So, let’s stop predicting Bitcoin and just focus on accumulating by using the DCA method.

You are right on this, Dip is another solid purchasing opportunity, at $114 and increasing the signs, it is gearing up for another breakout. Waiting for the perfect slow might mean missing out completely , if you have been on the sidelines now the time to accumulate before it pushes toward that $122k + the only real barrier for most investors now is access to funds not the market conditions. Historically those who waited too long missed the wave , based on the momentum $130k by a year end is not far fetched at all. the strategy is simple buy , hold an ride the wave. timing the actual bottom is not as import as being in the market before next  the run

This is where your emergency funds comes to play to buy more satsh now for those that has really loaded their reserve funds for situations like this to buy at the dip,now that the price of bitcoins has dropped, funds will not be a challenge for them to buy more bitcoin now that is why it is always necessary to always increase your increase your reserve funds no matter how little you are adding to it, will become helpful in time like these to load your portfolio before the price of bitcoin goes up again.

[Showlove01]

Hi JJG. I wanted to ask a question according the acummulation of Bitcoin and this thread is I think the best for that. I wanted to ask tha We should invest Big amounts of Money at a big dump for example $5000-10000 or we should break down this amount and DCA it over the course of a few years. I believe investing it at once is a riskier choice but can give you more profit than DCA. But DCA is Not Very Risky and requires Time and Discipline. What would you say a person should choose if they want to Increase The value of their money The Most. Thanks  

Although this question is addressed to JJG, I will also answer your question. I think the answer is quite simple: if you truly have $5,000 or more, and that money is strictly discretionary funds, I don't think you need to worry about starting to invest in Bitcoin. There are only two options, in my opinion: aggressive buying or using the DCA technique. I believe both options have their advantages, so the point is, don't be afraid of making the wrong choice. So, if you choose to aggressively buy Bitcoin, I think that's fine right now. As long as you truly plan to invest in Bitcoin for more than 10 years, I don't think aggressive buying now is a problem.

Because in 10 years, the price of Bitcoin will likely be much higher than it is now. So, with that in mind, I think it's safe to aggressively buy Bitcoin now. But if you want to be more relaxed and want to invest by buying Bitcoin at various prices, I think DCA is the right path. Essentially, you just have to choose between the two options. And I also remind you, if your funds aren't entirely discretionary, you should separate the non-discretionary funds. So, don't let that money get mixed up in Bitcoin, as that's certainly not good for your Bitcoin investment.

HustleZ gives an example of $5k to $10k so he was not exactly precise, since it makes a pretty big difference if the amount is $5k versus $10k.  It also might make a difference to tell a few more things about the investor, such as some guidelines in regards to his 9 individual factors.

If HustleZ is describing the amount as being available for bitcoin investment, then the presumption would be that the amount is discretionary funds, even though it would be nice to know more things about ths hypothetical guy.

Regarding your "only" two methods, you failed/refused to mention buying the dip.  Do you think that buying the dip is not an option?  Of course, we might not agree with the employment of "buying the dip" as an option, yet it seems to be purposefully ignoring a whole category and a whole other approach to fail/refuse to mention buying the dip as one of three possibilities.

I would call them 1) buy right away, 2) defer by time (DCA) and 3) defer by price (buy the dip). 

The level of "aggressiveness" can fit into any of the three categories .. since in any way that we approach bitcoin we can approach it on scale of whimpy to aggressive and those approaches depend on context... so for example, if the amount is $7.5k (let's pick an amount in the middle of the range), and he chooses to DCA, he could DCA relatively aggressively $1,071.43 per day for 7 days or he could DCA relatively whimpily $468.75 per quarter for the next 4 years.  We always retain the ability to be aggressive or whimpy and we can change our level of whimpiness or aggressiveness whenever we like.

Of course, buying Bitcoin when the price drops is very profitable. But I didn't include it in a category because I don't want someone just starting out investing in Bitcoin to wait for the price to drop before making a purchase. If they wait for the price to drop to a relatively low level, I think it's fine. But it would be problematic if they waited for Bitcoin to drop to tens of thousands of dollars before making a purchase. As we know, the potential for Bitcoin to drop to tens of thousands is very small. So I don't want anyone to wait too long for something uncertain when investing in Bitcoin. But again, I emphasize that if HustleZ waits for a relatively low price drop, he could still be waiting to make a purchase. So, basically, we don't know what his plans are if he chooses to buy Bitcoin during a price drop. Therefore, I didn't include buying during a drop in the category because I'm afraid he'll wait for the price to drop significantly, which would be a waste of his time.

Buying the dip is one of the strategies for accumulating bitcoin, and if you are not okay with accumulating bitcoin with the buying the dip strategy, you shouldn't exclude it from the strategy used in accumulating bitcoin because there could be a time in your accumulation process when you can decide to use the buying the dip strategy to accumulate bitcoin. The buying the dip strategy is basically not good for new investors to use at their initial stage of their investment since it is hard for Bitcoin to drop to their expected price, but if they have accumulated a good quantity of Bitcoin, they can start making use of the buying the dip strategy.

Buying the Dip Is not really a preferred strategy for accumulating Bitcoin because if you use the stretagy unless the market dip you can not be able to invest or accumulate Bitcoin and so this method or stretagy can only be used whenever there is dip in the market but DCA method is a very nice method of investing in Bitcoin because whether there's variation in the market or not an investor will still investing comfortably without any fear but if we are using the DCA method to accumulate we should  also remember to save up money in our discretionary that we can use to double or front load our investment because this opportunity doesn't come all the time.

[JayJuanGee]

This is another dip to buy again because the price is rising again. and the price right now is $114+k and it is in the green and the indication shows that it will hit $122+k again, those who were waiting can invest now and don't waste their time again but invest now that is still low.

It  show that this is another opportunity for buyers to accumulate bitcoin from this dip before the price will increase again, and the only thing that will make some investors not to buy in this particular price in the market, it  may be lack of fund which is the only thing that will stop such group of investors not to buy bitcoin now because the price has dropped down compare to the high price they have been accumulating bitcoin from, but from this indication, I don't think the bearish season is here already because the price will definitely hit $130k before the end of this year, and  whoever that will invest will not be waiting for low price to appear before they can invest on bitcoin than to start buying from any price and continue holding to witness the $130k that will hit the market soon.

Any investor that uses the DCA method to accumulate Bitcoin, the Dip is a time for them to front load or invest aggressively

Front loading is a concept that can be done with DCA, lump sum and/or buying on the dip.  Front loading is not just done for buying on the dip, and generally it is problematic to be emphasizing buying the dip, even though surely some people might hold some lump sum amount and decide to buy the dip with large sums of such lump sum amount.

if they have been preparing for it but it is quite unfortunate that some folks don't prepare for this situation and greed will make them want to touch other funds that are not supposed to used to invest in Bitcoin and at the they began to have problem in there investment that is lack of knowledge. You don't have to work yourself out when you don't prepare for something because if you do you will definitely get into problem.

I would think that the first things that we try to work out is figuring out how much discretionary funds that we have on a regular basis, and if we have income that comes in regularly, and then maybe we have some other funds that we might be able to use as lump sum, then we can figure out how we plan to use them, and likely we would consider all three options, even though sometimes the ONLY thing that makes sense for newbies is DCA since maybe they either do not have a lot of discretionary income or they have not figured out their budget exactly and how BTC investing and/or strengthening their cashflow management systems/practices fits into their individual factors.

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not.  It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not.  It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger.  I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

Because you will notice that collecting Bitcoin according to the DCA method weekly will definitely reduce your additional expenses

Please I will like you to elaborate more on this, because I don't understand how collecting bitcoin using the DCA method weekly will reduce someone's additional expenses.  I would like to know those additional expenses you are referring to. Because to the best of my knowledge, buying bitcoin is also an expenditure which one has budgeted from his discretionary income. So what are those additional expenses that DCA will reduce for the investor?

Note: You know I am a newbie and I'm trying to learn as fast as I can.

You are a newbie trying to learn as fast as you can?   Have you started buying bitcoin yet?

It looks like you have been registered on the forum for 4-ish months.  Did you start looking into bitcoin prior to your forum registration?

You seem to have the right idea that if we consider our income and then our basic expenses (which sometimes can vary or be a bit unclear if they are basic or not), then once we subtract our basic expenses from our income, we have our discretionary income (or our discretionary funds).  We can use those discretionary funds to consume more items (goods/services) and/or to invest into something like bitcoin and/or to stock away into our back up funds (emergency funds and/or reserves).  So yeah investing is a kind of expense we choose to make with part of our discretionary income, whether we invest aggressively or whimpily or some place in between.

When we invest we tend to have three possible ways to buy/accumulate bitcoin 1) buy right away or lump sum, 2) DCA and/or 3) buy on dips.  Of course, if we assess our regular income and expenses, we will likely see that our discretionary income might vary from month to month or week to week, and with DCA we could adjust them every week in accordance with how much discretionary income we have or we could set an amount every week like $100 per week, and if we set an strict amount, then surely the weekly fluctuation in our discretionary income would need to not go so low as to cause our $100 per week to go beyond our discretionary income.  There are a variety of ways to deal with making adjustments to the amount of BTC that we buy each week, yet surely a lot of people might consider it to be easier to just have a set amount, even though having a set amount might be too aggressive on some weeks and too whimpy on other weeks.

I think that Popkon6 likely misspoke when he was suggesting that employing DCA allows for the reduction of expenses, even though the use of DCA likely allows us to adjust our weekly buy amounts and using DCA might incentivize us to purposefully reduce our expenses in order that we would have more money left over to employ with our weekly DCA (or whatever period that we might be DCA buying our BTC).  Even though DCA is not our only tool, it does tend to provide quite a bit of flexibility in how we might flexibly allocate our weekly amounts that we are investing into bitcoin, and surely if we are fairly new to bitcoin we might be simultaneously trying to balance our investment into bitcoin and the strengthening of our cashflow management systems/practices, which surely involves both building up our back up funds but also paying more attention to whether we consider each and every of our expenses to be as important as our building up our bitcoin stack and also building up our back up funds.

At the same time, if we are paying more attention to both our income and our expenses, then we likely are going to be able to identify areas in which we might be able to increase our income and/or cut our expenses, yet at the same time, we might want to make sure that we might still have some flexibility in our budget and even to sometimes be able to spend in areas that might either help us to build relationship or even to show that we are paying our fair share, even if we might notice places that we might be able to cut our expenses (such as going out for drinks with buddies), yet it still might be better to spend that money on the place that we could cut rathe than to cut and then to end up with worse social relations... These are not easy and/or straight-forward judgement calls, even though each of us need to make those kinds of decisions and/or priorities for ourselves on a weekly and/or monthly basis.

If you're in a bad mood because of the current price movement. - You have the DIP that everyone is waiting for to get more units of Bitcoin for the same amount of fiat.
  ¯\_(ツ)_/¯
If Bitcoin goes under $100,000 that's a good opportunity in my opinion. If it touches the 200 Weekly SMA? You're lucky. That's another Golden Opportunity, and that's a FACT. Although, Bitcoin might not touch that again for two years.

I largely agree with you point of trying to appreciate the bright side of dips, especially for guys who are still accumulating bitcoin. 

So far, every 4 year cycle the BTC price ended up hitting the 200-WMA, yet that still does not guarantee that it will happen. .and so far, the BTC price ends up hitting the 200-WMA about 6 months to a year after the peak of the cycle.. so it can take a bit of time to get down to that point....

Another thing is that so far in bitcoin's history the 200-WMA has tended to continue to go up at a pace that has never been less than 19% per year, and that is not guaranteed either.

Another thing is that during bull season (or non bear season), the BTC price tends to stay at least 25% or higher above the 200-WMA, and that is not guaranteed to continue either, even though it has been bitcoin's history so far.  Right now the BTC price is about 117% higher than the 200-WMA.  You can look at bitcoin's price as compared to the 200-WMA for any date in bitcoin's history on this website.

[edited out]

Look I get what you're trying to saying but tbh I think your kinda oversimplifying it? Like yeah DCA can help with discipline but it's not some magical solution that stops people from overspending.If someone has $10k and they're the type to blow it on random stuff, they're probably gonna find other ways to waste money even with DCA. It's more about mindset than just having a system, you know? Plus your example doesn't really make sense $5k weekly for Bitcoin?? That's like $260k a year dude, most people don't have that kind of money lying around. You ain't gonna find those people easily either

And here's the thing that bothers me DCA can actually make people more careless with their remaining money because they feel like they're already being "responsible" with their investment. It's like when people eat a salad then think they can have dessert because they were healthy earlier.
Also Imo, what if Bitcoin tanks? Then all that money you "saved" from buying gadgets is now worth way less. At least with a gadget you actually get to use it and enjoy it. I'm not saying don't invest, but acting like DCA automatically makes you financially disciplined is pretty naive if you ask me.

You make several good points MithiRM, yet you still come off as being a bit of a gratuitous hater, even though technically you are correct on several of your points. 

At the same time, when people invest, they may well start to learn that they are wasting a lot of money on various trinkets and other stuff that only give them short term thrills, yet there are a lot of other ways to accomplish similar kinds of short-term thrills without necessarily buying worthless gadgets or the various other ways that people might be spending their money. 

There can be a lot of self-satisfaction in disciplining ourselves, setting up frameworks for delayed gratification, and surely with something like bitcoin we might see that if we might have ONLY been able to afford 1 worthless gadget per month from our regular income, yet when we put it into bitcoin, there surely might be some temporary draw downs in the BTC price, yet after 4-6 years, we might see that we are able to buy 10s of times more of the same gadgets which adds up to 100s of the gadgets that we would not have ever could have been able to imagine being  able to afford to buy... merely based on our exercising persistent discipline, looking into the various ways that we are spending money versus investing and organizing our thoughts and our finances with more purposefulness.

[Publictalk792]

At the same time, when people invest, they may well start to learn that they are wasting a lot of money on various trinkets and other stuff that only give them short term thrills, yet there are a lot of other ways to accomplish similar kinds of short-term thrills without necessarily buying worthless gadgets or the various other ways that people might be spending their money. 

There can be a lot of self-satisfaction in disciplining ourselves, setting up frameworks for delayed gratification, and surely with something like bitcoin we might see that if we might have ONLY been able to afford 1 worthless gadget per month from our regular income, yet when we put it into bitcoin, there surely might be some temporary draw downs in the BTC price, yet after 4-6 years, we might see that we are able to buy 10s of times more of the same gadgets which adds up to 100s of the gadgets that we would not have ever could have been able to imagine being  able to afford to buy... merely based on our exercising persistent discipline, looking into the various ways that we are spending money versus investing and organizing our thoughts and our finances with more purposefulness.

You have very valid points of not buying what you desire at moment to be able to afford something better in future. It is very simple to spend money on enjoying something that leaves you with only temporary satisfaction, and you have demonstrated how smart it would be to put money so well invested.
The example containing purchase of Bitcoin in order to replace some minor device is great way to demonstrate how seemingly small sacrifice can secure enormous rewards in long term. It was shown how money put into savings account on regular basis could be worth so much that it could purchase ten and even hundred of those same items. This demonstrates just how impressive it is to wait.
You are correct that it is not only about money. It teaches us how to be fiscally responsible, think smart on how you spend money and you prioritize your finances by having clear vision of somewhere you want to go. Wonderful feeling and confidence you get by making intelligent money decisions is as significant as money you may earn.

[Popkon6]

Buying the Dip Is not really a preferred strategy for accumulating Bitcoin because if you use the stretagy unless the market dip you can not be able to invest or accumulate Bitcoin and so this method or stretagy can only be used whenever there is dip in the market but DCA method is a very nice method of investing in Bitcoin because whether there's variation in the market or not an investor will still investing comfortably without any fear but if we are using the DCA method to accumulate we should  also remember to save up money in our discretionary that we can use to double or front load our investment because this opportunity doesn't come all the time.

You have presented yourself one-sidedly, but the DCA method exists in all cases in buying Bitcoin. Depositing Bitcoin in the DCA method in both ups and downs of the market certainly saves on the purchase price, and it is better to buy additional Bitcoins and hold them and buy Bitcoin dips for future assurance. That is why it is wiser to buy dips in addition to the DCA method in buying Bitcoin. Because the best initiative to collect Bitcoin whenever you get an opportunity is not always the creation of a dip, the creation of a dip means the creation of another new opportunity to hold Bitcoin.
All these things, investing regularly according to the DCA method and buying dips, certainly make Bitcoin collection more aggressive and the DCA method is the most effective for keeping Bitcoin holding for a long time.

[Justbillywitt]

HODL" in the context of cryptocurrency, is a term that originated from a typo in a cryptocurrency forum, but it's since become a popular slang term meaning to hold onto your cryptocurrency for the long term, regardless of price fluctuations. It's often used as a mantra by investors who believe in the long-term potential of their digital assets and are willing to weather market volatility. Some have even reinterpreted it as an acronym for "Hold On for Dear Life," emphasizing the importance of holding through market downturns.
Here's a more detailed explanation:
Origin:
The term "HODL" first appeared in a 2013 Bitcoin forum post, where someone misspelled the word "hold".
Meaning:
While initially just a typo, "HODL" has become synonymous with a long-term cryptocurrency investment strategy.
Buy and Hold:
HODLing is essentially the crypto equivalent of a "buy and hold" strategy, where investors purchase and retain their cryptocurrency with the expectation that its value will increase over time.
Volatility:
The crypto market is known for its volatility, with prices experiencing significant swings. HODLing is a strategy that aims to mitigate the impact of these fluctuations by focusing on the long-term potential of the asset.
Psychology:
HODLing can be seen as a psychological approach to investing, encouraging investors to remain calm and rational during market downturns, rather than making impulsive decisions based on short-term price movements.
Acronym:
While the original meaning was simply a misspelling, some have retroactively interpreted "HODL" as an acronym for "Hold On for Dear Life," highlighting the importance of staying the course during periods of market uncertainty.

Stop spamming here, try your best to follow current discussion. When you go to a new thread, look at the discussion that's ongoing at the moment and try to flow along, if you don't have anything to contribute as to the current discussion that's ongoing there, you can just read to gather more knowledge. That will be more beneficial to you than coming up with entirely new something that's not related to what's being discussed there at the moment. Had it been you quoted someone who's seeking clarity on what you posted, it could have been better. You might not know what you did, because I see you're a newbie. 

[laijsica]

The purpose of investing in Bitcoin should be changed, we should consider the current decline in Bitcoin as an opportunity. The price of Bitcoin is relatively low in the current market. Those who are doing DCA will benefit the most from this market. And those who are waiting for the dip are expecting temporary gains, with little chance of increasing their holdings in the long term. Those who decide to buy Bitcoin after the price of Bitcoin drops below 100k are investing based on luck, while those who are doing DCA are consistently moving towards the implementation of the goal. Who wants to see themselves at what level will depend entirely on themselves.

This is a good time for DCA investors in particular to buy at low prices. I think it is a good idea to be aggressive during this time if you can afford it. But it should be within your means, nothing in excess is good. So try to use this time wisely and plan for the long term. I am not saying anything for short term investors here, if they are expecting big profits then they should definitely accustom themselves to long term planning.

Well in as much as DCA is one of Best strategy to buy Bitcoin does not mean it should be replaced for an opportunity to buy the dip. Currently this is the best time to buy the dip. any investor that has enough discretion fund should just buy the Dip while on the process should adopt the method of DCA since no strategy should be left behind as all works together for the growth of our portfolio.. this opportunity will help an investor to stackup more Bitcoin stash to his wallet and it will help you build a sizable wallet in the long run.

One of the reasons why the DCA strategy is the best strategy for Bitcoin is that it is suitable for buying regardless of the price and there is an opportunity to accumulate a large stack in the long term, regardless of your income level. That is why it is important to have a discretionary income and mental preparation. Buying dips is a favourite time for any investor but you have to spend a lot of time in the market to select the actual dip price but there is a high probability of not getting the right buying price and the amount of funds kept for Bitcoin investment is more likely to be spent in a differently/to waste. That is why keeping a continuity of buying Bitcoin in the DCA strategy and holding it for the long term can be an impressive strategy for you.

It is also a suitable for those low income investors whose income is low and they dream of owning a fraction of Bitcoin. He can fulfill his desires with any amount of discretionary fund per week/month. He should renounce the habit of overspending on himself to maintain his goals in the long term and to secure his future financial solidity.

[Stormisover]

At the same time, when people invest, they may well start to learn that they are wasting a lot of money on various trinkets and other stuff that only give them short term thrills, yet there are a lot of other ways to accomplish similar kinds of short-term thrills without necessarily buying worthless gadgets or the various other ways that people might be spending their money. 

There can be a lot of self-satisfaction in disciplining ourselves, setting up frameworks for delayed gratification, and surely with something like bitcoin we might see that if we might have ONLY been able to afford 1 worthless gadget per month from our regular income, yet when we put it into bitcoin, there surely might be some temporary draw downs in the BTC price, yet after 4-6 years, we might see that we are able to buy 10s of times more of the same gadgets which adds up to 100s of the gadgets that we would not have ever could have been able to imagine being  able to afford to buy... merely based on our exercising persistent discipline, looking into the various ways that we are spending money versus investing and organizing our thoughts and our finances with more purposefulness.

You have very valid points of not buying what you desire at moment to be able to afford something better in future. It is very simple to spend money on enjoying something that leaves you with only temporary satisfaction, and you have demonstrated how smart it would be to put money so well invested.
The example containing purchase of Bitcoin in order to replace some minor device is great way to demonstrate how seemingly small sacrifice can secure enormous rewards in long term. It was shown how money put into savings account on regular basis could be worth so much that it could purchase ten and even hundred of those same items. This demonstrates just how impressive it is to wait.
You are correct that it is not only about money. It teaches us how to be fiscally responsible, think smart on how you spend money and you prioritize your finances by having clear vision of somewhere you want to go. Wonderful feeling and confidence you get by making intelligent money decisions is as significant as money you may earn.

Generally, it is good to be very intentional about we want and what we need in regards to how we spend our money, there should be a definitive purpose in making that money making decisions, most times people only realize what they should have done earlier with their money probably when the money is no longer there, responsible spending is good and fact that can not be debated and such realization of understanding the difference between what we need and what should be considered as want is also good in making a good money spending decision because it is not always about where we are now but where we are going to be in the future.

[Silikiem]

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not.  It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not.  It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger.  I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.

[laspol65]

Generally, it is good to be very intentional about we want and what we need in regards to how we spend our money, there should be a definitive purpose in making that money making decisions, most times people only realize what they should have done earlier with their money probably when the money is no longer there, responsible spending is good and fact that can not be debated and such realization of understanding the difference between what we need and what should be considered as want is also good in making a good money spending decision because it is not always about where we are now but where we are going to be in the future.

Only Bitcoin plays the right role for future economic security, that's why I think every conscious person must have Bitcoin investment. Everyone has a future in life, that's why Bitcoin is able to change the Bitcoin holding situation the fastest, if you have a job, then definitely leave aside the basic expenses of your family and deposit the remaining money in Bitcoin instead of depositing it in the bank. In that case, you will get benefits from Bitcoin holding several times more than the bank's interest.
If you follow the DCA method weekly, then this will be the best method, because you will get the opportunity to buy Bitcoin dips every week. The dip that is going on in the Bitcoin market at the moment, this dip should definitely be accepted by every Bitcoin holder.

[jems]

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not.  It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not.  It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger.  I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.

I understand this because we monitor Bitcoin's price movements almost daily, but it's unethical to overreact to the current decline. Overall, if we look at the price over the past few months, the current decline is nothing compared to the recent increase.

Personally, I believe that price history, as seen over the past few months or years, can be a useful guide for predicting Bitcoin's price. Indeed, August and September always experience price corrections, but they recover quickly afterward. So, I'm taking advantage of this decline to buy a little more than usual, regardless of the extent of the Bitcoin price correction. I'll welcome it positively.

[yixichloro2xx]

Generally, it is good to be very intentional about we want and what we need in regards to how we spend our money, there should be a definitive purpose in making that money making decisions, most times people only realize what they should have done earlier with their money probably when the money is no longer there, responsible spending is good and fact that can not be debated and such realization of understanding the difference between what we need and what should be considered as want is also good in making a good money spending decision because it is not always about where we are now but where we are going to be in the future.

Only Bitcoin plays the right role for future economic security, that's why I think every conscious person must have Bitcoin investment. Everyone has a future in life, that's why Bitcoin is able to change the Bitcoin holding situation the fastest, if you have a job, then definitely leave aside the basic expenses of your family and deposit the remaining money in Bitcoin instead of depositing it in the bank. In that case, you will get benefits from Bitcoin holding several times more than the bank's interest.
If you follow the DCA method weekly, then this will be the best method, because you will get the opportunity to buy Bitcoin dips every week. The dip that is going on in the Bitcoin market at the moment, this dip should definitely be accepted by every Bitcoin holder.

I see your point here because the real difference between holding Bitcoin and keeping money in the bank comes down to long term value. Banks are designed to preserve capital but not really to grow it, interest rates will never outpace inflation. Bitcoin on the other hand has a history of rewarding patience by multiplying wealth over time even after deep corrections. That is why it makes sense to treat it as a store of value for future security.

What really stands out is your mention of DCA. It is not just about buying regularly, it is about removing the emotional stress of timing the market. With weekly DCA you are automatically buying into both highs and dips which smooths out volatility and builds a stronger position without overthinking. In fact dips like the current one become an automatic advantage instead of something to fear.....At the end of the day the people who steadily accumulate through DCA and stay consistent during dips usually end up in a much better position than those chasing quick profits or waiting for the perfect entry.

[HajiBagi]

This is another dip to buy again because the price is rising again. and the price right now is $114+k and it is in the green and the indication shows that it will hit $122+k again, those who were waiting can invest now and don't waste their time again but invest now that is still low.

It  show that this is another opportunity for buyers to accumulate bitcoin from this dip before the price will increase again, and the only thing that will make some investors not to buy in this particular price in the market, it  may be lack of fund which is the only thing that will stop such group of investors not to buy bitcoin now because the price has dropped down compare to the high price they have been accumulating bitcoin from, but from this indication, I don't think the bearish season is here already because the price will definitely hit $130k before the end of this year, and  whoever that will invest will not be waiting for low price to appear before they can invest on bitcoin than to start buying from any price and continue holding to witness the $130k that will hit the market soon.

This is another opportunity for the buyers, but it is only for the buyers who are willing to buy with the current price, because sometimes might still think the price will drop, one thing that those who want to buy Bitcoin should understand is that there is no a perfect time to buy Bitcoin, waiting for buying dip is not a bad idea but we don’t know when the price will drop, when we have the chance to buy we should buy with the amount we have with the price at the moment and hold, we shouldn’t let the market price to stop us from buying Bitcoin when we have the opportunity to buy, because sometimes we will not have the opportunity to buy with the price again, Bitcoin isn’t showing any sign of dropping the way some buyers think it will be but some investors still prefer waiting for another opportunity before buying until they realise they are making mistake.

[Iamgoat]

At the same time, when people invest, they may well start to learn that they are wasting a lot of money on various trinkets and other stuff that only give them short term thrills, yet there are a lot of other ways to accomplish similar kinds of short-term thrills without necessarily buying worthless gadgets or the various other ways that people might be spending their money. 

There can be a lot of self-satisfaction in disciplining ourselves, setting up frameworks for delayed gratification, and surely with something like bitcoin we might see that if we might have ONLY been able to afford 1 worthless gadget per month from our regular income, yet when we put it into bitcoin, there surely might be some temporary draw downs in the BTC price, yet after 4-6 years, we might see that we are able to buy 10s of times more of the same gadgets which adds up to 100s of the gadgets that we would not have ever could have been able to imagine being  able to afford to buy... merely based on our exercising persistent discipline, looking into the various ways that we are spending money versus investing and organizing our thoughts and our finances with more purposefulness.

You have very valid points of not buying what you desire at moment to be able to afford something better in future. It is very simple to spend money on enjoying something that leaves you with only temporary satisfaction, and you have demonstrated how smart it would be to put money so well invested.
The example containing purchase of Bitcoin in order to replace some minor device is great way to demonstrate how seemingly small sacrifice can secure enormous rewards in long term. It was shown how money put into savings account on regular basis could be worth so much that it could purchase ten and even hundred of those same items. This demonstrates just how impressive it is to wait.
You are correct that it is not only about money. It teaches us how to be fiscally responsible, think smart on how you spend money and you prioritize your finances by having clear vision of somewhere you want to go. Wonderful feeling and confidence you get by making intelligent money decisions is as significant as money you may earn.

Generally, it is good to be very intentional about we want and what we need in regards to how we spend our money, there should be a definitive purpose in making that money making decisions, most times people only realize what they should have done earlier with their money probably when the money is no longer there, responsible spending is good and fact that can not be debated and such realization of understanding the difference between what we need and what should be considered as want is also good in making a good money spending decision because it is not always about where we are now but where we are going to be in the future.

When the discussion is around money and investments it is always best if we're able to differentiate between what gives us excitement for a short period of time and what builds the value of your wealth for a long period of time. Many of us, mostly spend freely on the things that lose value almost immediately, like luxuries, unnecessary cars, travels, luxury lodges and other material things when we could actually redirected such money into something with long term growth portfolio with life changing impacts like bitcoin investment. This allows us to even learn how delayed gratification in life often brings far reaching and greater results rather than spending our future fortunes today.

Let's take an example how many people including us are purchasing unnecessary materials  things ( I said us because I am also one way or the other guilt of this unnecessary spendings),  imagine if we can skip our extra spendings for the next three months and consistently reinvest the funds into bitcoin through the DCA approach, it will not only grow our financial portfolio but also grow our mindset positive to become more responsible spender which helps in the future. I know this discipline in financial management is what many managers and captains of industries are enjoying today in establishing and building organizations which are highly consistent and prudent. I will always encourage us to enjoy our lives but while..we do so, we must also be intentional in cutting our unnecessary wants and desires and prioritizing our needs while ensuring that the money we are making today benefits us substantially in the future we are uncertain about tomorrow.

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not.  It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not.  It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger.  I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.

Honestly one won't call a 10% dip a massive one in my opinion too because I consider it as quite a normal situation in bitcoin. If you understand the market, you will know that it comprises of both dips and pumps so to say the truth, no body can predict whether for sure the price will dip further or even go up from here and this is the reason why it can be risky and heartbreaking to try to give the market a stipulated time and become too emotional about it. The surest way to go into bitcoin investment is to make up your mind to invest in the long term. Once you're able to consistently spare a discretionary income to gradually accumulate bitcoin in a consistent manner no matter how the market dips or fluctuate in bearish periods, you will always fall in a strong position when the time for the real bull run bounce back.

[Derekfunds]

Somehow I believe we have enter the bearish season because the level of this Dip was really massive, check where the price of Bitcoin was and where it Dip to and for those that are still waiting for price to Dip more they are really wasting time because the price will surge from here soon.

I would not consider a 10% dip to be massive, and surely there is not way of knowing if the dip might be more from here or not.  It is not unusual for various dips to take place with bitcoin, even though perhaps every time dips happen folks try to proclaim that this time is different blah blah blah.. and maybe it is different, and maybe not.  It is not a good practice to get overly presumptive about the short-term price, even if everyone (or nearly everyone) is expecting BTC price to reach $180k or larger.  I certainly expect that there are good odds for BTC reaching $180k or larger in the coming 1-10 months, yet still I understand that there is also a possibility that the top for this cycle is already in at $124.5k... and yeah, it is possible to have both scenarios in our head at the same time and to be financially and psychologically prepared for either scenario or some other variation.

You’re right sir, and I agree with you that it’s not a good a practice to get overwhelmed or overly presumptive about the short term price, and come to think of it a 10% isn’t something massive and be excited about as it’s too early because everyone who truly understands the dynamics of bitcoin will know that anything can happen at any time, there’s every possibility that even though there’s a little 10% drop now, there’s a possibility that in the next few minutes we’ll be witnessing even more that a 10% increase. So for me, I suggest that everyone should just calm down and focus more on figuring out a discretionary income to continue accumulating bitcoin no matter the price with their on going long term strategy of consistently or persistently accumulation of bitcoin and hold for the long term goal and gradually build up their portfolio. Sometimes, people who gets overly excited or emotional when they noticed a little downturn in the market are traders who are in for a short quick profit making mindset and not really a true investor.

I understand this because we monitor Bitcoin's price movements almost daily, but it's unethical to overreact to the current decline. Overall, if we look at the price over the past few months, the current decline is nothing compared to the recent increase.

Personally, I believe that price history, as seen over the past few months or years, can be a useful guide for predicting Bitcoin's price. Indeed, August and September always experience price corrections, but they recover quickly afterward. So, I'm taking advantage of this decline to buy a little more than usual, regardless of the extent of the Bitcoin price correction. I'll welcome it positively.

Monitoring is not advisable for investor that can be easily swift off their feet and there is no need to compare the market decline to the recent increase because Dip and surge are two different move of the market which defines how Bitcoin behave and don't forget there are point or stage Bitcoin will increase or rise from trust me it won't get to those point again even when it Dip.

Moreover, I think as an investor we should forget about the price history of Bitcoin and predicting the next Bitcoin price because I consider this as a waste of time especially if you are an investor because is of no use to you. Keep buying with the DCA method and hold and if your discretionary is so big that you think you can be aggressive on a given point in the market then it is pretty cool. Checking the history of Bitcoin to predict seems like traders stuff.

[Rockstarguy]

I don't agree with you,  Bitcoin is still very much bullish in my calculations and nothing in any way to be considered as bearish, from $124k to where it is now is not much of the difference to call it bearish, what am saying is that I don't think we have entered the bear season, with this use DCA strategy investors will definitely catch a lot of dips by buying on different price points and intervals, buying the dip is not really something anyone should be worried about to the extend of using money not meant for investment to buy the dip out of greed I know this things happens but it is wrong.

I think everybody has their own level of understanding about bitcoin investment, and everyone has a different level of importance regarding how they view bitcoin. As an investor, if a dip occurs and I’m left with some amount of money that I want to use for something else, since I can’t afford to miss the dip, I will buy the dip because buying during the dip is an opportunity to purchase bitcoin at a cheaper price, which will offer better returns in the future.

Some people who buy bitcoin during the dip with money that is not meant for investment are not considered greedy because they understand what they are doing. Greed in bitcoin investment occurs when one invests blindly, unsure if they can hold, but expecting to make a profit within a given time frame.

[HustleZ]

Monitoring is not advisable for investor that can be easily swift off their feet and there no need to compare the market decline to the recent increase because Dip and surge are two different move of the market which defines how Bitcoin behave and don't forget there are point or stage Bitcoin will increase or rise from trust me it won't get to those point again even when it Dip.

Moreover, I think as an investor we should forget about the price history of Bitcoin and predicting the next Bitcoin price because I consider this as a waste of time especially if you are an investor because is of no use to you. Keep buying with the DCA method and hold and if your discretionary is so big that you think you can be aggressive on a given point in the market then it is pretty cool. Checking the history of Bitcoin to predict seems like traders stuff.

You made a solid point here, Constant monitoring and trying to predict short-term moves is more of a traders job than an investor's. But if an investor constantly monitors the market it may lead to emotional decisions especially for new investors.Bitcoin's dips and surges are part of its nature and investors who remain patient and disciplined are often the ones who get rewarded by the market. Investors don't need Constant market monitoring but what really matters for them is conviction, consistency and Discipline. That's why DCA combined with holding is one of the most sustainable strategies. It eliminates the stress of timing the market while ensuring steady exposure. At the end of the day what matters Is Discipline and Patience and instead of chasing predictions one must focus on accumulation and long term holding if they want to be profitable with Bitcoin.

[ultrloa]

Monitoring is not advisable for investor that can be easily swift off their feet and there no need to compare the market decline to the recent increase because Dip and surge are two different move of the market which defines how Bitcoin behave and don't forget there are point or stage Bitcoin will increase or rise from trust me it won't get to those point again even when it Dip.

Moreover, I think as an investor we should forget about the price history of Bitcoin and predicting the next Bitcoin price because I consider this as a waste of time especially if you are an investor because is of no use to you. Keep buying with the DCA method and hold and if your discretionary is so big that you think you can be aggressive on a given point in the market then it is pretty cool. Checking the history of Bitcoin to predict seems like traders stuff.

You made a solid point here, Constant monitoring and trying to predict short-term moves is more of a traders job than an investor's. But if an investor constantly monitors the market it may lead to emotional decisions especially for new investors.Bitcoin's dips and surges are part of its nature and investors who remain patient and disciplined are often the ones who get rewarded by the market. Investors don't need Constant market monitoring but what really matters for them is conviction, consistency and Discipline. That's why DCA combined with holding is one of the most sustainable strategies. It eliminates the stress of timing the market while ensuring steady exposure. At the end of the day what matters Is Discipline and Patience and instead of chasing predictions one must focus on accumulation and long term holding if they want to be profitable with Bitcoin.

Frequent monitoring is tempting to do regrettable decision. Since if they are monitoring each movement there's some instances that they might enticed their selves to buy if market dumps or even it pumps.

So I think what's best approach is to accumulate then forget and by this there's a good chance that they succeed to prolong their investment then with these effort they made for sure that  those pumps also dumps movement will not going to affect them.

Even if they say that their belief on Bitcoin is strong but if they are frequently monitoring then see a long bearish movement for sure there's a chance that they get panic then sell at loss. patience and discipline is important so better they choose those actions that can make their investment run so smooth.