Buy the DIP, and HODL!

[Wind_FURY]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Well I’ve not really bought the dip as of now and I don’t know if I will buy the dip as you’ve suggested for we dear plebs, and I’m a bit confused when you said bitcoin will surge back to $120,000 next week, how are you really sure that will happen next week, Do you mean to tell us that you can predict the Bitcoin price market, what it will eventually be next week, well buying the dip isn’t mandatory, since you said it’s an opportunity and there are people who might not have the opportunity to buy the dip and that doesn’t mean that we plebs can’t continue buying through the DCA method and also trying to work on my finances to adjust to accumulating more Bitcoin into my portfolio, I’m not a fan of waiting to buy the dip, I will prefer a situation where I have to buy Bitcoin on a regular basis, and probably when I have an opportunity and some leftover money which I have kept specifically for buying an unprecedented opportunity for a dip buying, then I could literally consider making that huge purchase of buying a dip at once, and that would be more sustainable instead of laying more emphasis on buy that dip, buying the dip isn’t always viable for me.

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

[Merit.s]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Currently, the price of BTC is declining, and I think your advice is absolutely correct. This is an opportunity to buy BTC, as it's still at a low price. However, it would be a shame not to buy BTC at the current price, as it's already considered cheap, and there's potential for the price to rise to $120,000 or even more in the next few weeks.

Um... unfortunately, I haven't increased my purchases in the DCA because my discretionary income hasn't increased, but I think I'll try to increase my funds for now. It would be a shame to miss this great opportunity. Your advice is excellent, and it certainly makes me more enthusiastic about buying and accumulating BTC.

If your discretionary income hasn't increased, you should continue DCAing with that amount and you will still buy more quantity of bitcoin when the price is higher than the current price. It's better that you don't use money that's not your discretionary income to buy bitcoin because it's not compulsory for you to use more money that's not part from your discretionary income to buy bitcoin because the price dipped, so that you don't put yourself in a tight situation that you will have to sell part of your bitcoin when you need that money.

When we make the wrong decision in our bitcoin purchase, it will lead to depreciation of your bitcoin portfolio and that is what we should prevent and avoid. It's better to continue piling up, than reducing your bitcoin size when it is not of our own will.

[Pjcr7]

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

[Justbillywitt]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Well I’ve not really bought the dip as of now and I don’t know if I will buy the dip as you’ve suggested for we dear plebs, and I’m a bit confused when you said bitcoin will surge back to $120,000 next week, how are you really sure that will happen next week, Do you mean to tell us that you can predict the Bitcoin price market, what it will eventually be next week, well buying the dip isn’t mandatory, since you said it’s an opportunity and there are people who might not have the opportunity to buy the dip and that doesn’t mean that we plebs can’t continue buying through the DCA method and also trying to work on my finances to adjust to accumulating more Bitcoin into my portfolio, I’m not a fan of waiting to buy the dip, I will prefer a situation where I have to buy Bitcoin on a regular basis, and probably when I have an opportunity and some leftover money which I have kept specifically for buying an unprecedented opportunity for a dip buying, then I could literally consider making that huge purchase of buying a dip at once, and that would be more sustainable instead of laying more emphasis on buy that dip, buying the dip isn’t always viable for me.

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week,

It's good that you have now realised this yourself, so I think it's best you should edit your previous post where you initially said that bitcoin will get to that price next week and make necessary adjustments.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

The federal reserve should do whatever they like, hope we all know that bitcoin is not dependent on them alone to achieve that feat. After all bitcoin got to $124k without the federal reserve "pivoting to real Q.E". so am still optimistic that bitcoin will rise above $120k in the future with or without the federal reserve doing anything. Let investors buy bitcoin at their pace, and not hurriedly looking at whatever the federal reserves are doing.

[Dareo]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Currently, the price of BTC is declining, and I think your advice is absolutely correct. This is an opportunity to buy BTC, as it's still at a low price. However, it would be a shame not to buy BTC at the current price, as it's already considered cheap, and there's potential for the price to rise to $120,000 or even more in the next few weeks.

Um... unfortunately, I haven't increased my purchases in the DCA because my discretionary income hasn't increased, but I think I'll try to increase my funds for now. It would be a shame to miss this great opportunity. Your advice is excellent, and it certainly makes me more enthusiastic about buying and accumulating BTC.

If your discretionary income hasn't increased, you should continue DCAing with that amount and you will still buy more quantity of bitcoin when the price is higher than the current price. It's better that you don't use money that's not your discretionary income to buy bitcoin because it's not compulsory for you to use more money that's not part from your discretionary income to buy bitcoin because the price dipped, so that you don't put yourself in a tight situation that you will have to sell part of your bitcoin when you need that money.

When we make the wrong decision in our bitcoin purchase, it will lead to depreciation of your bitcoin portfolio and that is what we should prevent and avoid. It's better to continue piling up, than reducing your bitcoin size when it is not of our own will.

I understand what you are saying but I think  dips that are pursued on top of your discretionary income can be perilous. Bitcoin can fall and at times fall further and therefore, when you overreach it may probably panic and sell it when you really need the money. The entire power of DCA lies in that it creates consistency and eliminates emotions.

Missing a single dip won't make much difference in the greater scheme of things but losing discipline will be self-destructive in the long run. The consistent ones in the past cycles would always turn out to be profitable even without timing the dips perfectly. Better to strike a balance such that you can still have money left to invest when even greater opportunities present themselves.

[cxtreenal]

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

Bitcoin price may go through more volatility till the beginning of next month. It is still not possible to predict how much its price will fall but I think it will not fall below $100k Even if whales are active in the market it will not be under much pressure to recover to $124k. Although Bitcoin is a volatile asset it has a strong potential to increase in value over time.

I think that by causing the market to fall and creating fear among small investors some whale investors/institutions are continuing to buy more and hoping to get high profits. Do not see volatility in this falling Bitcoin price situation. Stay calm and continue to accumulate Bitcoin regularly. DCA strategy works better during price drops. So you should accumulate more Bitcoin at lower price.

[Joeboy]

[Edited out]
Sometimes we can employ techniques and strategies that we believe to be moderate and reasonable based on some new circumstances, such as receiving a $1,500 bonus.  Yet at the same time, we might want to be careful to NOT over think the matter, since it may well be better to just DCA, yet every once in a while some adjustments can be made and we can recognize the trade-offs that we are making when we deviate from DCA and we might supplement with lump sum buying and/or buying on the dip, and maybe we might consider that since we are already doing $100 in DCA every week, then maybe it doesn't make any sense to add more to our DCA, but instead we think that with our extra money will ONLY focus on the two other strategies - even though there are risks.. so for example, if we put $1,200 into buying right away, then the BTC price goes down, then we might feel bad that we could have had gotten more if we had waited, and if we dedicate $1,200 towards buying the dip, but then the BTC price does not dip enough to fill any of our orders, then we might feel that we did not treat the situation in a way that would help us to attempt to be mostly emotionally neutral about whatever way that the BTC price might go.

Indeed even if an investor wants to explore the other different methods of accumulating Bitcoin, DCA should still reemain the backbone of their investment plan. The reason for this is that DCA gives an investor a sense of consistency, it removes emotional decisions such as panic selling, and then  keeps your portfolio growing regardless of short-term price movement.

On the other hand, one who relies heavily on the lump sum strategy may end up asking questions when the market takes a downturn. Questions like, “Did I move invest too fast? Should I have waited?” And it is such question that pushes people into selling out of panic and regret......And again one who depends solely on Buying the Dip may also begin thinking and questioning themselves that they would have gotten more if they waited a little bit longer and in the case of new investors, they may end up never investing in Bitcoin coz they are trying to catch the perfect entry point.

[Cryptohygenic]

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

BY experiences based on past volatility and price performance, speculations of what bitcoin price will be in the short time can be uncertain but considering what price to would catch in an unpredicted duration is certain. Bitcoin to recover to $120,000 or more in the JUST next week is possible but uncertain. However, the drifts about the price should be a burden for traders and short term Investors and while the plebs might be wary at the Dip, it Will be misleading to react of selling at the immediate time due to price falls but without being oriented on accumulating strategies, the Dip serves an opportunity to buy more ideally in a cheap rate of the Dip which best said to be a DISCOUNT market events for the plebs to shine on if only they are not wary with the current market events on the Dip.

[Derekfunds]

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

How sure are you about this and you are sounding so sure like a trader, Bitcoin is a volatile asset I don't know if you are aware of this and the difference between the current price of Bitcoin and $120k can be achievable obtainable between now till next week so why sounding so sure?. This is by the way because whether Bitcoin cross or reach $120k next week or not that should out be our concern or problem as an investor because we are not traders and this is a period we should take good advantage of the market especially those that have been preparing for this period and was accumulating using DCA, i believe after sometime, seeing this price may be rare.

[bitcoin_mining]

I disagree with you dude, because no matter how much someone wants to invest in Bitcoin, that funds must come from the person's discretionary. Remember that an Investor always allocate funds to different needs and wants and these funds should be used for a specific task and so using money outside your discretionary is not advisable and it is a wrong investment and JJG has explained this before now. Even when we want to be aggressive, it is our discretionary funds we will use to...

I believe that these two sides here are pointing at the same truth in two different directions. The thing is that good Bitcoin investment is reduced to risk management, and this is why discretionary income is frequently suggested to people, as it means that you will not be forced to sell all your assets to panic in case the costs of life will appear. Meanwhile, there are more highly-convinced investors or better-financially-shielded investors who make far more aggressive allocations, and history tells us this has been successful in the case of some of them. In my own case, I would consider DCA with discretionary funds as the most secure long-term course of action, whereas I would consider dips as an opportunity to be a little more aggressive provided that your financial capabilities permit it. In that manner you would develop progressively without putting aside money that you could require the next day.

What I find very practical is that investors prepare for dips and not treating dips as an emergency activity and ending up going against their financial discipline to entertain dips, using money meant for something important to pursue dips is a very bad cashflow management practice and would be better if the investor who wants to buy a dip saved up for the dip alongside his consistent bitcoin purchase and buys the dip when it presents itself from already saved funds in that regard.

You are very right on that point, because many people see dips as a sudden opportunity and forget that their financial discipline should come first.. Once you start dipping into funds meant for bills, rent, or emergencies, it quickly becomes a wrong move that can leave you exposed. The market will always give opportunities, but there is no point trying to catch them at the expense of your personal stability.. Because you might end up regretting Bitcoin instead of appreciating it..

The best way, like you said, is to have a clear plan, stay consistent with your normal accumulation and at the same time set aside a small reserve for when dips show up. That way, you are not caught off guard or forced into bad money decisions. It is more sustainable and gives peace of mind, because you already know you are financially ready whenever the market presents those extra chances…

I think we should invest in such a way that our investment does not go astray later. Suppose after all the expenses I have a good amount of money left at the end of the month and I invest all the money in Bitcoin, that is, I have not kept any money with me as an emergency fund but what will I do when my financial need arises. Maybe then two thoughts may come to our mind, one is to borrow money from others and the second is to sell our investment. In this case, both of these decisions will be wrong decisions for the investor, if we have to meet the need by borrowing money, then again that person will have to return the money and while returning the money, the same thing can happen so it is a wrong idea, the second thing is the decision to sell the following investment, before we invest, we have to invest with such a plan that we must invest in Bitcoin continuously for a certain period of time and hold this investment. If we have to sell our investment in the middle, then everything about the investment will go astray. 
What I mean is that instead of investing all the money we have left over after spending all our household expenses in Bitcoin, we should keep some of it in a separate fund and invest another part in Bitcoin regularly. This way, even if financial needs arise later, those needs can be met from alternative funds and our own investments will continue to grow.

[Tungbulu]

[Edited out]
Sometimes we can employ techniques and strategies that we believe to be moderate and reasonable based on some new circumstances, such as receiving a $1,500 bonus.  Yet at the same time, we might want to be careful to NOT over think the matter, since it may well be better to just DCA, yet every once in a while some adjustments can be made and we can recognize the trade-offs that we are making when we deviate from DCA and we might supplement with lump sum buying and/or buying on the dip, and maybe we might consider that since we are already doing $100 in DCA every week, then maybe it doesn't make any sense to add more to our DCA, but instead we think that with our extra money will ONLY focus on the two other strategies - even though there are risks.. so for example, if we put $1,200 into buying right away, then the BTC price goes down, then we might feel bad that we could have had gotten more if we had waited, and if we dedicate $1,200 towards buying the dip, but then the BTC price does not dip enough to fill any of our orders, then we might feel that we did not treat the situation in a way that would help us to attempt to be mostly emotionally neutral about whatever way that the BTC price might go.

Indeed even if an investor wants to explore the other different methods of accumulating Bitcoin, DCA should still reemain the backbone of their investment plan. The reason for this is that DCA gives an investor a sense of consistency, it removes emotional decisions such as panic selling, and then  keeps your portfolio growing regardless of short-term price movement.

On the other hand, one who relies heavily on the lump sum strategy may end up asking questions when the market takes a downturn. Questions like, “Did I move invest too fast? Should I have waited?” And it is such question that pushes people into selling out of panic and regret......And again one who depends solely on Buying the Dip may also begin thinking and questioning themselves that they would have gotten more if they waited a little bit longer and in the case of new investors, they may end up never investing in Bitcoin coz they are trying to catch the perfect entry point.

That's right, But I think the best part of employing the DCA strategy is the fact that it totally removes timing from the equation, a lot of investors end up missing out on potential opportunities and land themselves in a messy situation simply because they're more focused on buying at the perfect time, rather than engaging in continuous and consistent accumulation they prefer to time the market. But with the help of the DCA strategy, this is completely avoided.

It's kinda like the strategy with the best psychological impacts on investors, rather than attempting to predict the market, DCA does the heavy lifting for you, all you gotta do is just keep accumulating Bitcoin and let time and the power of compounding do all the work for you, it's just as simple as that.

[GIF-JOBS]

[Edited out]
Sometimes we can employ techniques and strategies that we believe to be moderate and reasonable based on some new circumstances, such as receiving a $1,500 bonus.  Yet at the same time, we might want to be careful to NOT over think the matter, since it may well be better to just DCA, yet every once in a while some adjustments can be made and we can recognize the trade-offs that we are making when we deviate from DCA and we might supplement with lump sum buying and/or buying on the dip, and maybe we might consider that since we are already doing $100 in DCA every week, then maybe it doesn't make any sense to add more to our DCA, but instead we think that with our extra money will ONLY focus on the two other strategies - even though there are risks.. so for example, if we put $1,200 into buying right away, then the BTC price goes down, then we might feel bad that we could have had gotten more if we had waited, and if we dedicate $1,200 towards buying the dip, but then the BTC price does not dip enough to fill any of our orders, then we might feel that we did not treat the situation in a way that would help us to attempt to be mostly emotionally neutral about whatever way that the BTC price might go.

Indeed even if an investor wants to explore the other different methods of accumulating Bitcoin, DCA should still reemain the backbone of their investment plan. The reason for this is that DCA gives an investor a sense of consistency, it removes emotional decisions such as panic selling, and then  keeps your portfolio growing regardless of short-term price movement.

On the other hand, one who relies heavily on the lump sum strategy may end up asking questions when the market takes a downturn. Questions like, “Did I move invest too fast? Should I have waited?” And it is such question that pushes people into selling out of panic and regret......And again one who depends solely on Buying the Dip may also begin thinking and questioning themselves that they would have gotten more if they waited a little bit longer and in the case of new investors, they may end up never investing in Bitcoin coz they are trying to catch the perfect entry point.

That's right, But I think the best part of employing the DCA strategy is the fact that it totally removes timing from the equation, a lot of investors end up missing out on potential opportunities and land themselves in a messy situation simply because they're more focused on buying at the perfect time, rather than engaging in continuous and consistent accumulation they prefer to time the market. But with the help of the DCA strategy, this is completely avoided.

It's kinda like the strategy with the best psychological impacts on investors, rather than attempting to predict the market, DCA does the heavy lifting for you, all you gotta do is just keep accumulating Bitcoin and let time and the power of compounding do all the work for you, it's just as simple as that.

Yes, it is very effective that in investing through the DCA strategy, an investor can buy Bitcoin continuously and completely avoid volatility. The DCA strategy is a selected best investment strategy for long-term Bitcoin investment.

Those who have been investing in Bitcoin continuously through this strategy for the past 3-4 years have got an idea about the real success of this strategy and have already achieved success, and I believe that those who have already achieved success from it will continue to do so for the next more few years, because they understand very well how huge the future of Bitcoin is going to be.

The main thing is to believe in the potential of Bitcoin and continue to invest in Bitcoin continuously with full faith in long-term DCA, those who can continue this process continuously while completely avoiding volatility will have a high probability of achieving great success.

[IceLincoln]

You can be applying the DCA method will keeping small part of your discretionary income for aggressive accumulation should there be a dip. So while waiting for the dip, you are already buying and holding and will not miss out on the market no matter what happens.

I don’t think what you’re suggesting is a good practice, it’s wrong to wait or plan for the dip when you’re a newbie or still in mid level in your accumulation goal. The only people who can afford to plan for the dip are those who are close to their over accumulation stage and those who have achieved that. While you’re keeping money aside for the dip you’re actually missing out on the opportunity to add more bitcoin to your portfolio, if your weekly DCA is $80 and you’re keeping $20 aside for when dip will happen and $80 gets you 0.8 BTC weekly, imagine if the dip never happens and price goes to an ATH now you’ve missed out on having atleast 1BTC weekly for the past months of your investment.
The best practice is to CONSISTENTLY follow up your DCA with the discretionary money available to you even when dip comes you’ll still be able to accumulate more buying at a discount.

[CageMabok]

BRRRRRRRRRRR.

...

BY experiences based on past volatility and price performance, speculations of what bitcoin price will be in the short time can be uncertain but considering what price to would catch in an unpredicted duration is certain. Bitcoin to recover to $120,000 or more in the JUST next week is possible but uncertain. However, the drifts about the price should be a burden for traders and short term Investors and while the plebs might be wary at the Dip, it Will be misleading to react of selling at the immediate time due to price falls but without being oriented on accumulating strategies, the Dip serves an opportunity to buy more ideally in a cheap rate of the Dip which best said to be a DISCOUNT market events for the plebs to shine on if only they are not wary with the current market events on the Dip.

Let short-term traders and investors feel the brunt of Bitcoin's current price decline, as I see it hovering around $108,000 at this very moment, and this will undoubtedly cause more traders to become concerned about the ongoing decline. But everyone shouldn't worry about short-term traders and investors because if they continue to feel such pressure, they will naturally transform themselves into long-term investors, seizing every opportunity without waiting for a drop to occur before buying Bitcoin.

I also believe that Bitcoin will recover to $120,000, but it probably won't happen immediately this week. Because every price correction that occurs in Bitcoin will certainly take time to recover, although most people wouldn't doubt that it will happen with Bitcoin. However, if Bitcoin's purchasing power can continue to increase in the next two or three days, it might not take a week for Bitcoin to recover to the price you mentioned. Because at any given moment, a higher level of demand than supply will always have an impact on the price of Bitcoin.

[PremiumcryptoHub]

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

It may not be impossible to get a Bitcoin in just 2 years, but the statement mentioned here is wrong because it is mentioned that this Brazilian man is close to earning almost one bitcoin in two years by collecting cans. How amazing is it that this man quietly collected Bitcoin, away from the hustle and bustle of institutional investors and the Treasury, and in fact a fighting spirit has blossomed within him. As far as I know this person already has a well-known nickname: Crypto Scrapper. By the way, check out this post of his on how he raised money and how he made $7.50 selling cans. Maybe he continued his struggle like this every day and was able to sell all the cans he found and turn them into Bitcoin. Looking at the signs of his struggle, it seems that he collects only these cans from all over his city. Moreover, the Brazilian has already proven that the rumors are false and he has mentioned that he is still far from acquiring one Bitcoin and Oliveira current goal is to reach 0.1 Bitcoin.

This makes more sense, since can collecting does not tend to be very lucrative. So with my earlier example, a guy collecting $44 per week and using that $44 per week to buy bitcoin between April 2023 and April 2025 would have gotten him up to 0.1BTC within those two years.

At that rate, he will likely never reach a whole bitcoin, unless he is able to increase his income through other means or more lucrative work.

Yet, he does not necessarily need to reach a whole bitcoin in order to be well off. In 15 years, he may well ONLY need around 0.35 BTC in order to have an annual income of $40k, which surly is a large amount, and even with merely another 8 years if he were able to get up to 0.3 BTC, then that would products something like $12k per year.. of passive income.. which surely would not be a bad place to be after 10-ish years of collecting cans.  He probably would be updating his life style prior to then.

It is reasonable to assume that this person only mentioned that he collected Bitcoin by selling cans, and it is not yet known whether he has other occupations, It is not even specified how much money he can sell cans per day. However he mentioned in a post that he received $7.50 after selling some cans, which means his total income per week is about $52.2, In that context, if we consider that he earns this amount daily, then perhaps this Brazilian person will not be able to earn 0.1 BTC with this amount of money in two years. Surely he is connected to some other profession and profitable work or he is using these untreated wastes as a means of passive income, However this Brazilian man's initiative is certainly a symbol of the transformative power of the digital economy, and will inspire many low-income individuals to invest through DCA because it requires a small amount of money to start and a lot of struggle to earn money to increase the investment.

[Muba20]

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

The price of Bitcoin may increase to $120000 in the coming week and it may also go down. That is, it is not possible to predict anything with certainty about the price. Maybe there are still some investors who are waiting to find more dips despite being in the dip. They think that if they delay for a little longer, then if the price of Bitcoin decreases a little more, they will profit by buying. But as a long-term investor, if he does not think like this, but rather buys quickly and increases his holdings because Bitcoin may increase in the next few days, then he will profit the most. If some one wait for the more dip, then it can create an obstacle in accumulating Bitcoin. Therefore, if the appropriate decision is taken to hold Bitcoin from the current time instead of waiting for an opportunity in the future, then it is definitely possible to become a big holder of Bitcoin.

[Bigjoe33]

My dear fellow PLEBS,

If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Well I’ve not really bought the dip as of now and I don’t know if I will buy the dip as you’ve suggested for we dear plebs, and I’m a bit confused when you said bitcoin will surge back to $120,000 next week, how are you really sure that will happen next week, Do you mean to tell us that you can predict the Bitcoin price market, what it will eventually be next week, well buying the dip isn’t mandatory, since you said it’s an opportunity and there are people who might not have the opportunity to buy the dip and that doesn’t mean that we plebs can’t continue buying through the DCA method and also trying to work on my finances to adjust to accumulating more Bitcoin into my portfolio, I’m not a fan of waiting to buy the dip, I will prefer a situation where I have to buy Bitcoin on a regular basis, and probably when I have an opportunity and some leftover money which I have kept specifically for buying an unprecedented opportunity for a dip buying, then I could literally consider making that huge purchase of buying a dip at once, and that would be more sustainable instead of laying more emphasis on buy that dip, buying the dip isn’t always viable for me.

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week,

Yea, thats the right word to use, '' honestly not really Sure'', because I read your previous where you stated that Bitcoin will surge back to $120,000 next week and I wanted to ask on what basis? I was about demanding a tangible and real prove to that assertion, but there will be no need for all that since the current reply notified it. To me, it's all predictions, yea! Experts has failed and severally and severely with their claims of Bitcoin outcome.

Talking about buying the dip, I have always sticked to DCA strategy using discretionary funds. It's works perfectly well for me and encourages peaceful and panic free investment journey, yea! The leverage of accumulating Bitcoin in bits with your discretionary income helps stay relaxed and gives you the strength to hold for long term sunce that's the real game. I have not considered the dip, maybe because the DCA strategy using discretionary has proven reliable and the best for easy accumulation of Bitcoin.  I don't like panicking, no pressure and stress in whatsoever I do. It's always one at a time, so, I stick to what's perfect and easy going for me, and that's the DCA strategy and discretionary funds. They are perfect combo for a long term investment and assured future gains

[JayJuanGee]

My dear fellow PLEBS,
If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Currently, the price of BTC is declining, and I think your advice is absolutely correct. This is an opportunity to buy BTC, as it's still at a low price. However, it would be a shame not to buy BTC at the current price, as it's already considered cheap, and there's potential for the price to rise to $120,000 or even more in the next few weeks.

Um... unfortunately, I haven't increased my purchases in the DCA because my discretionary income hasn't increased, but I think I'll try to increase my funds for now. It would be a shame to miss this great opportunity. Your advice is excellent, and it certainly makes me more enthusiastic about buying and accumulating BTC.

There is nothing to be shameful about not meeting buying from this current dip if you don't have your discretionary income ready, we prioritize convenient and comfortable by investing without struggling either with your investment or in running your basic expenses, Bitcoin investment is not a competitive ground where any one have to feel shame for anyone reason because you are not able to buy Bitcoin at a certain point due to not having the financial eligibility. No one should be ashamed if they can't buy now that is my point.

These are good points in which each of us need to try to remain somewhat controlled in our getting excited about dips that are happening, and surely if we had already been in the practice of buying bitcoin regularly, then we may not have very much extra money to dedicate for buying more aggressively on the dip that is currently happening.   

Sure some guys might get paid every week or every two weeks or even some guys do not get paid except once a month, so there can be differing dynamics in regards to how much extra money they might hold merely to make sure that all of their expenses are covered, but they also might keep a certain quantity of money that just stays in their accounts (or their various fund pools) that is just meant to cover extra expenses that might take place between pay periods.

And, yeah part of the deal is that we can build up various kinds of back up funds that can start to add up to quite a bit of cash, yet if we might be in our first year or two of buying bitcoin, we might not even have had gotten our back up funds up to a decent size such as 3-4 months, so we may well not have a lot of extra money upon which to draw in order to buy more aggressively on the current dip.

Now it could be the case that a guy had been buying $100 per week of bitcoin  every week and putting $40 per week into his back up funds and maybe he had also been stacking away an extra $20 every week for buying dips.. but he did not want to use the extra $20 per week unless the dip was at least 10% or more, so then maybe if he had not felt that he had witnessed any dip that met his qualifications of 10% or more since late June (when the price had dipped down to $98k, so ever since the end of June or maybe early July, he started to build up his buying on dip money, so then now he had built up about 9 weeks of buying on dip money that currently adds up to $180 extra that he has for buying on dips.  He can structure that buying on dip money to spend 1/2 of it or 1/3 of it or maybe even all of it.. so he has choices, yet there are no reasons to get excited about it, since he might set some criteria for his buying on the dip that he believes is reasonable and will make him feel better, yet it still is not like he had been saving up all of his money for such dip, since he had no clue that a dip of 10% or more would end up happening, so he felt better just buying $100 every week and setting $20 per week on the side.

I know that some newbies are likely getting excited about buying the dip because they had likely been holding back way too much of their budget for buying the dip, and perhaps they are holding back more than 50% of their budget for buying the dip rather than some amount that is more reasonable... and surely these are individual choices in regards to how to treat these kinds of matters, which is also part of the reason that many of us suggest to not really be fucking around with trying to figure out dips for the first several years of accumulating bitcoin, and sure at some point it might start to make more sense, yet frequently newbies end up trading off into too much whimpiness and too much concern about the BTC price rather than just figuring out their budget and then just buying regularly, and sure there might be some weeks in which they catch dips or maybe they can try to manually buy each week to catch dips, but there tends to not be much of any justification to be holding back decently large quantities of money to try to buy dips that may or may not end up happening.

My dear fellow PLEBS,
If you didn't buy the DIP yet, it's your opportunity to buy NOW before Bitcoin surges back to $120,000 NEXT WEEK. If you're a DCA investor, DOUBLE your bids and adjust them accordingly when Bitcoin is above $120,000 again.

Our objective is to stack more units of Bitcoin as much as possible during the DIP, and HODL.

Buying the dip is very good, but making it look like it is compulsory to buy the dip is problematic and it could lead newbies who don't have good discretionary income to buy the dip right now to use the money meant for their expenses to buy the dip, and when their expenses will arise, they will have no available money to use and solve their expenses, and they will have no option than to use their emergency funds or Bitcoin to solve their expenses. It is better for investor on this thread to stick to their existing plan of accumulating Bitcoin so that they won't be under pressure and make a decision that will make them to sell their Bitcoin too quick. Our objective isn't to stack more units of Bitcoin as much as possible during the dip, and hodl. Our objective is to accumulate Bitcoin consistently when our discretionary income is available, and if along our accumulate process we win a lottery or receive a bonus payment, and dip happens we can decide to buy the dip to frontload our Bitcoin investment.

These are good points too.. so if we have a decently good process in place, and then we happen to receive a bonus right when a dip seems to be happening, then we can consider the extent to which we might buy right away with such funds or if we defer over time with DCA and/or defer with attempting to buy more dip than what is already present.

Surely if we are buying $100 per week every week and if our bonus is merely a few hundred dollars, then it might not make any BIG difference, yet if we end up receiving a $2k bonus or more, then we might consider that amount to be a BIGGER deal since we might not frequently come across situations in which we have that much extra cash and those kinds of choices, and yeah, if we have a $2k bonus, we might first try to figure out if dedicating all of the $2k to buying bitcoin is what we would like to do, or maybe we might consider if we want to spend some of it on consumption or maybe we would like to shore up our back up funds with part of the $2k, so then after we might decide how much to spend in each category, then whatever is left could be figured out in terms of the three categories of 1) buy right away 2) defer by time DCA and/or 3) defer by buying on dip (more dip than had already happened at the time that we have the money in our bank and are able to spend it).

The answers are not obvious because we have choices about what to do, yet a person who is fairly early in his bitcoin investment journey might be inclined towards wanting to build up his bitcoin investment sooner rather than later, yet a person who is early in his bitcoin investment journey might also be uncomfortable in his level of confidence in bitcoin as compared with other places that he could put his money.  So any person could have some dilemmas regarding how aggressive he wants to be with his bitcoin investment, and surely many of us who have been in bitcoin for a while can understand that it can sometimes take time for folks to become more confident and/or focused on prioritizing bitcoin investing over other places where they could put the money, whether it is their regular income or if they might get bonus money coming into their accounts from time to time.

[Edited out]
Sometimes we can employ techniques and strategies that we believe to be moderate and reasonable based on some new circumstances, such as receiving a $1,500 bonus.  Yet at the same time, we might want to be careful to NOT over think the matter, since it may well be better to just DCA, yet every once in a while some adjustments can be made and we can recognize the trade-offs that we are making when we deviate from DCA and we might supplement with lump sum buying and/or buying on the dip, and maybe we might consider that since we are already doing $100 in DCA every week, then maybe it doesn't make any sense to add more to our DCA, but instead we think that with our extra money will ONLY focus on the two other strategies - even though there are risks.. so for example, if we put $1,200 into buying right away, then the BTC price goes down, then we might feel bad that we could have had gotten more if we had waited, and if we dedicate $1,200 towards buying the dip, but then the BTC price does not dip enough to fill any of our orders, then we might feel that we did not treat the situation in a way that would help us to attempt to be mostly emotionally neutral about whatever way that the BTC price might go.

Indeed even if an investor wants to explore the other different methods of accumulating Bitcoin, DCA should still reemain the backbone of their investment plan. The reason for this is that DCA gives an investor a sense of consistency, it removes emotional decisions such as panic selling, and then  keeps your portfolio growing regardless of short-term price movement.

On the other hand, one who relies heavily on the lump sum strategy may end up asking questions when the market takes a downturn. Questions like, “Did I move invest too fast? Should I have waited?” And it is such question that pushes people into selling out of panic and regret......And again one who depends solely on Buying the Dip may also begin thinking and questioning themselves that they would have gotten more if they waited a little bit longer and in the case of new investors, they may end up never investing in Bitcoin coz they are trying to catch the perfect entry point.

Even though you are distinguishing between lump sum and buying the dip, you are still seeming to convolute the ideas in which you are seeming to want to suggest that lump sum has a waiting element to it, and it does not need to have a waiting element.

Even though DCA can either be employed with time deferral or it can be employed to buy right away as the income comes in, the idea and/or practice of lump sum does not necessarily involve deferral, unless a person purposefully chooses to defer the lump sum by time (which would be DCA) or by price which would be buying the dip.   

Whenever we choose to employ waiting techniques then we are running the risk that the BTC price might go up while we are deferring our buy, and the same is true once we exercise our buy, the bitcoin price could go down after we had bought, so then we might consider that we would have had been better to have had waited rather than to buy.

Generally the BTC price goes up over a long period of time, so there tends to be an overall tendency to have had been better off to buy sooner rather than waiting, yet bitcoin can also have extended periods in which it is going down, so in those cases it would be better to wait and to buy at a lower price.

If we are new to bitcoin, then presumptively we either have no bitcoin or we have very little bitcoin, which tends to justify buying right away rather than waiting. .. and sure we might end up being in a status of being better off to just ongoingly buy as soon as the money comes in for several years rather than trying to figure out the extent to which the bitcoin price might drop further.  Many of us would prefer to buy cheaper, yet even if the BTC price is going down, we cannot presume that it will continue to go down, so we may well not be advantaged by employing a waiting strategy rather than just buying bitcoin ongoingly whatever the BTC price might be.

Lump sum buying does not necessarily include any waiting, since we might lump sum buy as soon as we receive our bonus, or maybe at some point, we decide that we are going to reallocate some of our money from our non-bitcoin holdings (and to sell some of our other investments) in order to buy bitcoin, so in the process of selling some of our other investments, there might be a period of time that we are waiting for the funds to reach our account so that we can buy bitcoin with those funds, so once the funds arrive, if we buy right away we are not waiting, and sure once the funds arrive we might decide to buy right away with part of those funds but we also might decide to defer our bitcoin buys by allocating some of the funds to DCA and we might choose to allocate other parts of the funds to buying on the dip.

These are choices that have tradeoffs, and lump sum funds (and lump sum buying) may well not have any waiting component that involves the dip... and there may be some folks who get into bitcoin (let's say 8 years ago, like in mid-to-late 2017), and maybe such a person starts out investing into bitcoin at about $100 per week, and after about 6 months of buying bitcoin, the person might start to think that maybe they need to supplement their strategy, and so surely this person might receive a bonus of $500 to $1,500) once or twice a year, so he considers that he will deal with the bonus pay whenever it arrives, yet he realizes that before he got into bitcoin, he had spent about 10 years building up an investment portfolio, and he put about $35k into such investment fund, and that fund was now worth about $60k, so maybe he spends some time trying to figure out how much of that non-bitcoin fund that he would like to move over to bitcoin, and if he only moves over about 10%, then that would be $6k, yet he realizes that he could be more aggressive and he could move over 25%, which would be $15k... So these might not be easy decisions in terms of when he is thinking about what to do or how to think about what he should do, yet he realizes that if he goes with the aggressive route of 25% ($15k), then that would end up being right around the same amount of 3 years worth of his DCA, at the rate that he is currently investing, and so these kinds of problems are not easy to resolve, yet it is a good problem to have, since there are some people who do not have that same kind of a problem that involves having options, yet anyone who spends 5-10 years or more investing (whether in bitcoin or in non-bitcoin assets), he may well end up building up a decently sized investment portfolio and then be faced with more options in regards to whether to just leave that investment be or sometimes to have options to sell some portions (or even all) of that other investment.

In other words, even though we frequently describe DCA as one the best ways to invest, it may not always be the best - especially for someone who might have some lump sum options, there can frequently be advantages of investing that money quickly rather than deferring it. and the answer is not always obvious about how to make such division and to weight the advantages and disadvantages of each of the ways of buying into bitcoin.  By the way, some folks purposefully choose not to sell their other assets, yet a person who has already invested $60k into some other assets, might be in a rush to get their bitcoin investment up to 25% the size of their other investments, so they might be aiming to get their bitcoin investment up to $15k in a short time, yet if they ONLY make around $30k per year, they might have difficulties achieving that (without cashing out of some of their already existing investments), even if they might be prioritizing getting their bitcoin to $15k.. yet at the same time, they are still in a more powerful position if they already have those other investments as compared with someone who got into bitcoin from scratch and they have no other investments..

I'm honestly not really sure if Bitcoin will surge back to $120,000 next week, BUT what I'm actually VERY sure about is PLEBS like is WILL purchase MORE units in Bitcoin during a DIP because DIPs are equal to discounts.

PLUS the other thing that I'm also VERY sure about is Bitcoin WILL surge back to $120,000, probably not as soon as next week, but SOONER or LATER.

WHY? Because sooner or later the Federal Reserve WILL pivot to real Q.E. and turn on the money-printer. BRRRRRRRRRRR.

I agree too, Bitcoin will not hit the $120,000 mark again by next week. It's currently at $108,000 and will still dip to maybe $105,000 further. Whales are dominating the selling pressure across the market, while retail and mid-size players are only attempting to provide price support and seem to believe that they are banking on the dip that might eventually reverse the price to around $118,00.

BY experiences based on past volatility and price performance, speculations of what bitcoin price will be in the short time can be uncertain but considering what price to would catch in an unpredicted duration is certain. Bitcoin to recover to $120,000 or more in the JUST next week is possible but uncertain. However, the drifts about the price should be a burden for traders and short term Investors and while the plebs might be wary at the Dip, it Will be misleading to react of selling at the immediate time due to price falls but without being oriented on accumulating strategies, the Dip serves an opportunity to buy more ideally in a cheap rate of the Dip which best said to be a DISCOUNT market events for the plebs to shine on if only they are not wary with the current market events on the Dip.

You are giving part of the explanation why newer investors should not let dips or rips affect their ongoing buying of bitcoin, because they might get lured into the wrong thing.. thinking that they could sell and buy back cheaper, which is another reason that guys might have to spend 4 years or more just buying bitcoin regularly before they might start to get out of the habit of trying to figure out if the BTC price is going to go up, down or sideways in the short-to-medium term, and sure, there is nothing really wrong with newbies choosing to watch the BTC price as long as the price does not affect their ongoing buying of bitcoin.. and they are mostly figuring out their buys from their income versus their expenses and other cashflow management matters rather than allowing the BTC price to affect them.

There are no guarantees, even though historically guys have tended to do quite well who have spent 4-10 years or longer accumulating bitcoin, and surely after a cycle or two they might start to become less persistent and regular in their bitcoin buys.

You can be applying the DCA method will keeping small part of your discretionary income for aggressive accumulation should there be a dip. So while waiting for the dip, you are already buying and holding and will not miss out on the market no matter what happens.

I don’t think what you’re suggesting is a good practice, it’s wrong to wait or plan for the dip when you’re a newbie or still in mid level in your accumulation goal. The only people who can afford to plan for the dip are those who are close to their over accumulation stage and those who have achieved that. While you’re keeping money aside for the dip you’re actually missing out on the opportunity to add more bitcoin to your portfolio, if your weekly DCA is $80 and you’re keeping $20 aside for when dip will happen and $80 gets you 0.8 BTC weekly, imagine if the dip never happens and price goes to an ATH now you’ve missed out on having atleast 1BTC weekly for the past months of your investment.
The best practice is to CONSISTENTLY follow up your DCA with the discretionary money available to you even when dip comes you’ll still be able to accumulate more buying at a discount.

Maybe we should try to be more realistic with our examples if we are trying to describe bitcoin and dollars?

If we might have a weekly budget of around $100 to buy bitcoin, then maybe some weeks we are able to buy 75k satoshis and then other weeks  we are able to buy close to 100k satoshis, yet since the BTC price is going up we notice that we are tending to get fewer satoshis, yet we still might want to save some of the money for buying dips.. so instead we choose to buy $80 worth of bitcoin and to save the other $20 to hope to be able to buy more satoshis if the price drops.. so maybe with the $80 per week we are ONLY getting between 65k satoshis and perhaps close to 80k satoshis.. but we consider that if the BTC price goes down then we might be able to get more satoshis at the lower price if we can catch the dip.. which may or may not end up working out to get us any more satoshis, and if we are newer to bitcoin, we might be better off to just buy weekly at whatever the BTC price might be until maybe we have spent a few years buying bitcoin and then at that point we might consider if we might need to reconsider any aspects of our strategy as our situation would have had changed at least in regards to our having more satoshis by that time and also maybe we can see the extent to which the price might have had changed or maybe the amount of our discretionary income might have had changed.

[Shadiq]

I understand what you are saying but I think  dips that are pursued on top of your discretionary income can be perilous. Bitcoin can fall and at times fall further and therefore, when you overreach it may probably panic and sell it when you really need the money. The entire power of DCA lies in that it creates consistency and eliminates emotions.

Missing a single dip won't make much difference in the greater scheme of things but losing discipline will be self-destructive in the long run. The consistent ones in the past cycles would always turn out to be profitable even without timing the dips perfectly. Better to strike a balance such that you can still have money left to invest when even greater opportunities present themselves.

It can be more effective when you have a strong backup fund and sufficient cash flow. There is nothing wrong with buying in a falling market, but waiting for a falling market or planning around a falling market can prove you wrong and if you fail to catch it, you can take the wrong steps which can cause you a lot of losses. A market fall is a good opportunity for every investor to stock up. Let it happen naturally, when you try to buy the dip artificially, you can be forced to take the wrong steps. Because you do not know when the dip will happen and how long it will last. Here you are more likely to panic and there is a higher chance of hurting yourself.

If you do not want to go through such a harmful possibility, try to be consistent in the market and continue to buy regularly (DCA). If you have a good knowledge of investment management and risk management and you have taken the steps, then you will get the opportunity to buy the dip naturally and there will be no much chance of loss. Another thing is, do not be unstable in any market situation, but rather be calm and take the right steps.

[LGD2Business]

It can be more effective when you have a strong backup fund and sufficient cash flow. There is nothing wrong with buying in a falling market, but waiting for a falling market or planning around a falling market can prove you wrong and if you fail to catch it, you can take the wrong steps which can cause you a lot of losses. A market fall is a good opportunity for every investor to stock up. Let it happen naturally, when you try to buy the dip artificially, you can be forced to take the wrong steps. Because you do not know when the dip will happen and how long it will last. Here you are more likely to panic and there is a higher chance of hurting yourself.

The market can go down or up. If you have a solid plan that you've stuck to from the beginning, this shouldn't affect you. For example, if you said you would buy Bitcoin on the 3rd day of every month and you're buying it, don't postpone it to the 4th day just because Bitcoin has fallen and might fall further. You can't predict when the decline will stop and the rebound will begin. Instead of wasting time on that, stick to your plan. When you see how many coins you have in the long run, you'll naturally stay away from the temptation of daily trading. Everyone makes plans, but very few people stick to them.