Buy the DIP, and HODL!

[Marvelockg]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

The issue is that must investors that do not have that most investors that lack the financial capacity to invest and at the same time keep two set of income aside for buying the DIP and for doing DCA might look themselves as disadvantaged seeing that they do not have what it takes to buy the while putting all this things into consideration.

I believe that buying through the DCA method allows one to buy at the DIP also, because if you are doing weekly accumulation for instance, there are going to be several times when you will be privileged to buy at a relatively low price even without setting out a particular cash aside for buying the DIP. but id you have the financial ability to make provision for the DIP, make provision for your DCA and also set out a certain portion of your income for both emergency needs and your normal expenses and it will not interfere with with the smooth running of your life, then that is surely fine. for those that might not have what it takes to make all those provision, then a simple investment plan can just comprise of;
1. amount for accumulation or DCA . 2. amount for personal needs and thirdly, 3. amount for emergency funds.

[gracreavix]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

I don’t really think we need a lot of chunk money to start investing into Bitcoin, but if we have a little discretionary income we can start buying and accumulating Bitcoin, but the most important thing is just getting started with Bitcoin immediately, then after starting our investment, we can start working on increasing our cashflow with the mindset of having more discretionary income to be buying more Bitcoin assets.

We must not necessarily have that mindset of buying the dip, but I wouldn’t say it’s bad to save money to buy the dip when the opportunity presents itself, especially when we are buying  regularly with DCA, but waiting for dip to buy Bitcoin when we can afford to buy now would be a very risky move, and have every tendency of missed opportunities, all we need is discretionary money to achieve our goals of buying Bitcoin and hodl for a longer term.

Starting small with whatever discretionary income one has rather than waiting for that perfect amount before getting in is the best..  The truth is most people get stuck in that mindset of wanting to accumulate huge money first before they even take the first step, and in the process, they end up missing a lot of opportunities. Just like you said, it is better to get started with what you can afford now and then look for ways to improve your cashflow gradually, that way your buying power grows over time..  Even if you are just stacking little by little, at least you are already in the game and not left out, and that alone puts you ahead of those who are still stuck on the sidelines planning endlessly…

On that part of buying the dip, I think is true. DCA is honestly a lifesaver because it takes away all the headache of timing the market perfectly, which even people who claim they can fail at most times... People love the idea of buying the dip, but in reality, waiting endlessly for dips can cause one to miss out on so much growth..  Bitcoin has this habit of moving when nobody expects it, and if you are sitting around with cash waiting for some dip, it can easily pump and leave you chasing at higher prices. So I agree, it is safer to buy consistently and then if a clear dip comes and you have some spare cash, nothing wrong with adding more. it is that consistent approach and the long term mindset that pays off, not one time timing miracles…

[Rockstarguy]

My experience investing in shitcoins is a bad one, so I will rather stay with Bitcoin and not allow greed make me repeat the same mistake. I was unfortunate to be those who lost money from Tera Lun, an experience I consider one of my greatest nightmares of my life because I watched my money dropped to zero within few hours. Those who have not had such experience will never understand why some of us decided to pitch tent with Bitcoin and Bitcoin a lone. Even if I want to look at anything else, it will be with fear and doubts but my confidence and greater part of my resources will remain with Bitcoin.

Bitcoin as an investment that is reliable should be one of the reasons investors should consider first to invest Bitcoin because, investing shitcoins that are not reliable,  it is not worth putting your hard earned money that will be a total lose at the end. It is unwise to allow greed to push one to go into what you can't tell what the outcome would be like, this is why I will always advice people to invest Bitcoin which you dont need to be worried about because of the fear of lose.

Very simple, investing with a non discretionary fund in Bitcoin should be tagged as gambling than investing, investment in Bitcoin is for long term and investing a non discretionary fund will lead to financial mistake and wrong investment approach, my question is that can it be possible for anyone to invest a non discretionary fund and still be able to handle any other situation that will come after?I guess maybe they will source for other means of getting funds to handle such situations, it can only be fine if they can handle such situations without hoping to pay back from their Bitcoin investment when they are supposed to be building their Bitcoin investment, it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

One thing about bitcoin investment,  as an investor you need understand you income, understand what you can afford, understand the money you should use in investing in Bitcoin. Bitcoin investment is all about planting, if you plan well and know the amount that should be invest in Bitcoin and the amount of money that should be use to sort bills and the one that should be left at hand, you will not have problem in investing bitcoin.  As so one who is earning, know the amount of money that should be channel into your investment and every other thing.

[Bigjoe33]

Look you need a chunk of side money. Actually 2 chunks of side money

1 for the dip and the other for dca.

Using mining to dca
and I have a chunk of side money for dip buys.


Lastly I have cash for expenses.


And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

Your points are very clear. Certainly, an investor must have cash for expenses, yea! If you don't take care of your expenses, then you are not good an investor or let me rather say, you are just wasting your time since you wouldn't be able to sustain and or hodl your investment for long. And after clearing your expenses, then comes the discretionary with which you go in for DCA strategy of accumulation and also build up your emergency funds too gradually along side which will also help to sustain you during shakes and unplanned situations.

Speaking about chunk of side money for Dip buys, it's normal and okay. But then, such chuck money is raised and built from the discretionary too, but note that is should be done gradually, slowly building it up just to ensure it doesn't cut into your basic needs and so affect your investment. Of course, an investor with a better cash flow or income would save that you quickly and buy aggressively in the face of dips, but a low income earner who is very mindful of his peaceful accumulation journey would build slowly and sort to increase income while accumulating alongside.

And finally, just as you stated, multi year plans have proven to be the real deal. This allows for continued accumulation even though Bitcoin declines in value, appreciates and depreciates again, you alare all there, slowly accumulating and gathering enough stash for future value, of which we know it will surely rise.

[Muba20]

it is risky to attempt buying Bitcoin with a non discretionary fund because you can end up suffocating meeting with up with your essential needs or end up selling your Bitcoin too soon.

Buying bitcoin with anymore that is outside your discretionary income is probably buying with an amount supposed for your expenses or supposed for your emergency funds and as such it is very reasonable not to use such money because you will end up attempting to use it or spend the bitcoin at a very premature state and hence it's more like trading and not an investment.

which extra money are you talking about? people usually save a portion of their salary for the future since not everyone can save a large amount at once. after covering monthly expenses, the extra money that remains is what they save. if they invest that money using the dca method, they do not need to invest a big amount at once they can invest small amounts easily. instead of keeping that money in a bank, if they invest it in bitcoin, by the end of the year they will have accumulated bitcoin gradually. this method is good for everyone. if you reach old age without any savings, your whole life’s effort goes to waste. so, invest money that you won't  need to use in the future.

Investing in bitcoin there is a good reason for recommending the use of discretionary income. There are many who are afraid of investing, if they invest with their discretionary income,they will have no risk. Because they are not investing assets that will cause a big loss to their life if they lose it. There are some investors who do not keep their discretionary income in Bitcoin but keep it in a bank or somewhere else, but after a long time they get comparatively less return there and in some cases they may also lose their hard-earned money. If money is kept in a bank, if the bank goes bankrupt after a long time, the loss falls on the customer.

If a person can hold Bitcoin regularly with his discretionary income by doing DCA to avoid risk, then he will get the opportunity to hold Bitcoin risk-free and in the long term he can get several times the return of his investment, which is very unlikely to be obtained through any other means.

[sotelorene]

Look you need a chunk of side money. Actually 2 chunks of side money
1 for the dip and the other for dca.
Using mining to dca
and I have a chunk of side money for dip buys.
Lastly I have cash for expenses.
And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

Yes, it is very pleasant that as you grow older, your Bitcoin investment also grows in age. Because this Bitcoin investment will help you financially a lot in your later years, because the price of Bitcoin will reach its highest level in 2030 and will increase further later. But see how long you can make Bitcoin investment and increase the amount of DCA method. By excluding all the additional costs that you have, you will be able to accumulate more Bitcoin by adding it to the DCA method of your Bitcoin investment.

Bitcoin investment is really nice and it has a potential and it will surely grow but one thing I don't do is investing because of speculation. I invest because I believe in Bitcoin and I know it will do great in the future so investing again based on speculation that the price of Bitcoin will get to some certain level by a given period of time is what I don't buy or hold on to because it is not guarantee and certain that it will get to some certain price by 2030. And my question now is that, what will happen if it doesn't get to a particular height in 2030? So there is no need of assuming where Bitcoin will get to in the future rather we should buy and hold.

[Byebyebtc]

Therefore, I believe delaying investing in Bitcoin until we have discretionary funds is a bad idea. Time is ticking and can't be undone. Rather than training our mentality first, it's better to just start investing. I emphasize again that this mentality will naturally develop once we start investing, and a naturally formed mentality is better. Because, the real test lies in real-world situations.

I don't understand the kind of advice that you are dishing out to newbies that they shouldn't wait to have their discretionary income before they jumo into investing in bitcoin. It's a wrong advice because you are only to invest with your discretionary income to enable you hodli for a very long period of time.

If you go and invest with the money for your basic needs and monthly expenses, you are not investing but gambling and wasting your time because you will end up selling the bitcoin that you bought when your needs arises which is against your decision to only be buying and accumulating. There is no need rushing to invest when you don't have a discretionary income. Instead, you should look for a means to get a discretionary income and invest.

What you need is to have the confidence in bitcoin and have a long-term investment mindset in bitcoin by setting up a bitcoin traget which you want to accumulate. If you don't have Thebes confidence to invest in bitcoin, you can start with as low as $10 for your weekly DCA and as you invest and learn more about bitcoin overtime , you will understand how the market works based on your experience. If your confident have increased, you can increase your DCA amount and invest aggressively.

Yes what you said is true although there are still more to it
Firstly as long as you have the mindset that bitcoin is a long-term investment even if your not working and you have some money with you that your willing to give, of course it's an opportunity waiting for you !
you don't have to invest much to be part of it, you can start little even from $10, and you keep on progressing, getting more knowledge getting more understanding about the coin
, even as your investment progress in amount too
Bitcoin is for everybody it doesn't matter if you reach or not, as long as you are willing to be part of it, all you have to do is to make a decision to be willing to give out what you have for a long-term investment, just like a savings account where you keep your money but this in this it grows overtime, and you wilk realize a lot.

 so you don't have to be working before you invest in it but it, Although its advisable to be working before you start an investment but either way will still do

This is for any newbie out there that wants to start

[Cryptohygenic]

It is really been a while now i kept track to the market price, although I don't feel like missing any piece since I have never thought of selling any moment yet and I was either not actively been accumulating all the while.
However, I have read multiple threads where short investors and traders are alarmed on the current Dip in bitcoin price leading to the panic of those who as specifically invested with leverage funds or invested in the wrong approach that neglected to invest with only discretionary incomes .
Anyhow as some may be disappointed about the current Dip market that is almost convinceable to be the bear, there are others taking advantage over it buying in the Dip and hodling while their visions remains focused to their investment goals.
For does that longs to buy cheap, are you still waiting for more Dip from the $109,000?

[Solokan]

It is really been a while now i kept track to the market price, although I don't feel like missing any piece since I have never thought of selling any moment yet and I was either not actively been accumulating all the while.
However, I have read multiple threads where short investors and traders are alarmed on the current Dip in bitcoin price leading to the panic of those who as specifically invested with leverage funds or invested in the wrong approach that neglected to invest with only discretionary incomes .
Anyhow as some may be disappointed about the current Dip market that is almost convinceable to be the bear, there are others taking advantage over it buying in the Dip and hodling while their visions remains focused to their investment goals.
For does that longs to buy cheap, are you still waiting for more Dip from the $109,000?

BTC is indeed experiencing a decline, and of course, some people are panicking and selling their BTC because they have short-term investment goals or are trading in BTC. However, those who are interested in long-term investment will definitely hold on and not sell. For those interested in investing in BTC for the long term, they certainly won't be checking the market every day because what's most important to them is holding onto BTC for the long term.

For some people, this decline in BTC prices is certainly something they have been waiting for because they can buy BTC at a low price, but for those who always do DCA regularly, they certainly don't look at whether the BTC price has declined or not because the important thing is to focus on collecting BTC. So for those who do DCA, buying when the BTC price is down is just a bonus.

Yes, currently the BTC price has dropped below $110k, but personally, I won't wait for BTC to drop further because I believe now is also the right time to DCA. We won't know if BTC will goon or drop further. However, it seems that BTC does have the potential to drop again, but personally, I will buy again when the BTC price drops again.


Source: Binance

[philipma1957]

Buy the DIP, and HODL!










just obey the title of the thread.

[Sonia_123]

Look you need a chunk of side money. Actually 2 chunks of side money
1 for the dip and the other for dca.
Using mining to dca
and I have a chunk of side money for dip buys.
Lastly I have cash for expenses.
And it is a multi year plan. Not 1 year or 2 years a lot more years 2030 is my sell year..

Yes, it is very pleasant that as you grow older, your Bitcoin investment also grows in age. Because this Bitcoin investment will help you financially a lot in your later years, because the price of Bitcoin will reach its highest level in 2030 and will increase further later. But see how long you can make Bitcoin investment and increase the amount of DCA method. By excluding all the additional costs that you have, you will be able to accumulate more Bitcoin by adding it to the DCA method of your Bitcoin investment.

Bitcoin investment is really nice and it has a potential and it will surely grow but one thing I don't do is investing because of speculation. I invest because I believe in Bitcoin and I know it will do great in the future so investing again based on speculation that the price of Bitcoin will get to some certain level by a given period of time is what I don't buy or hold on to because it is not guarantee and certain that it will get to some certain price by 2030. And my question now is that, what will happen if it doesn't get to a particular height in 2030? So there is no need of assuming where Bitcoin will get to in the future rather we should buy and hold.

If you don't believe that the price of bitcoin will grow very high from now to 2040, so what do you believe at and what is your interest of investing in bitcoin, for every investment one makes even out of bitcoin is to make additional income added to his initial amount using in starting or added to the investment along the line , if you don't believe in the increase the the price of bitcoin, then why are you investing, yest it is true that bitcoin investment is not guaranteed, but not for a long term investor instead that is for a short term investor.

Take a look at bitcoin in the past, did it grow or not, for those that back out at the initial journey where are they today, the way you sound shows you can easily back out any time soon because you no longer trust bitcoin growth, remember bitcoin is not where it was back then and because of its potentials we all saw that is why most persons are ever ready to be an investor in bitcoin, the future of bitcoin high potential is very guaranteed tracing way back till now.

Even for the short period of time you have started in this forum even if you are not an investor, have you not seen how bitcoin price has grown from that time till now and it's impact on the world, bitcoin should be give some credit for standing through all huddles and surviving till now and still continuing in achieving his purpose for us.

[Greyhats]

If ya have any cash that you have been saving this is the dip you want to buy, got me some

[BlackBoss_]

Buy the DIP, and HODL!

just obey the title of the thread.

It's the advice and history shows how good this strategy works for long-term investors and strong holders.
https://hodl.camp/

Buying dips and holding your coins.

The investment and holding adventure looks smooth for outsiders but with insiders, it has a lot of challenges. It's fortunately that true investors and holders have different mindsets by focusing on long-term so that they will see less volatility of this market and this gives them more strength as well as comfortableness for holding their coins.
They focus on a simple chart like this https://charts.bitbo.io/yearly-candles/

[Tonimez]

Buy the DIP, and HODL!

just obey the title of the thread.

It's the advice and history shows how good this strategy works for long-term investors and strong holders.
https://hodl.camp/

Buying dips and holding your coins.

The investment and holding adventure looks smooth for outsiders but with insiders, it has a lot of challenges. It's fortunately that true investors and holders have different mindsets by focusing on long-term so that they will see less volatility of this market and this gives them more strength as well as comfortableness for holding their coins.
They focus on a simple chart like this https://charts.bitbo.io/yearly-candles/

Scaling through the dips and extreme market corrections is the real reason for advocating for long-term holding. This is because, bitcoin volatility is continuous and experience has proven that over a long time, bitcoin tends to have a cumulative increase in price after series of dips and this behaviour has been closely estimated to occur after every 4 years which is referred to as the bitcoin cycle. The longer you hold the better chances of gaining more and the more cycles you hold through, the more profitable your investments become. Even though there's no strict rule that there must be a profit after the said period, it has a very high profit probability.

When an investor decides to go for a long term bitcoin investment, he first fights off any form of fears that could lead him into panic selling or unnecessary FOMO. If he understands how important to maintain his income and sets a friendly DCA strategy, he only thinks of buying always. However, buying dips are only periodic and uncertain. If you get used to waiting for dips before investing in bitcoin, you will Still have the chance to miss opportunities.

[Umulala-alala]

Buy the DIP, and HODL!










just obey the title of the thread.

I think it's a simple principle to understand buy the Dip and hodl, there are people who will still be waiting for BTC price to Dip more before they can buy forgetting that your plans and that bitcoin is not the same, bitcoin price is volatile one can be waiting for it to dip more and it starts increasing so this should be an avenue to BUY more BTC and HODL.

Those who has consistently be buying BTC using the dca strategy can decide to be a little aggressive using their reserve funds the Dip should be an opportunity to grow our portfolio as investors.

[Grace333]

Yes, it is very pleasant that as you grow older, your Bitcoin investment also grows in age. Because this Bitcoin investment will help you financially a lot in your later years, because the price of Bitcoin will reach its highest level in 2030 and will increase further later. But see how long you can make Bitcoin investment and increase the amount of DCA method. By excluding all the additional costs that you have, you will be able to accumulate more Bitcoin by adding it to the DCA method of your Bitcoin investment.

Bitcoin basically increases in value over time, so the longer you can hold on to Bitcoin, the greater your chances of success will be. By depositing Bitcoin gradually through the DCA method, you don't have to worry about market fluctuations, because the average price is accumulated over time, and the longer you can continue this process consistently, the more you can grow your holdings with greater convenience.
So keep investing, keep accumulating Bitcoin as much as you can, control your spending areas and save extra money and add that part to DCA, wasteful spending will not be of any use to you, but if you ignore your waste and buy more Bitcoin with also that money, then it can bring you much greater financial benefits in the future, so keep depositing Bitcoin through patience, discipline and regular DCA, this can be your biggest strength for your good financial future.

I really like the way you put it, because it is so true most people do not realize how much of their income disappears into wasteful spending that does not actually improve their lives in the long run. It might feel small at the moment, like buying unnecessary things here and there, but when you add it all up over months and years, it’s a huge amount that could have been building wealth. Redirecting that extra cash into Bitcoin with a DCA strategy is honestly one of the smartest moves, because it does not require timing the market or stressing over every price dip..

The beauty of DCA is consistency. You just keep stacking little by little, and over time the average price smooths itself out. That means you’re less exposed to the ups and downs, and more focused on the bigger picture. And like you mentioned, patience is the secret weapon here. Bitcoin rewards those who think long term and don’t panic at every swing. If you combine discipline in spending with the patience to keep accumulating, then you’re basically setting yourself up for a future where your money is working for you instead of being wasted..

[Cossyblack]

Bitcoin investment is really nice and it has a potential and it will surely grow but one thing I don't do is investing because of speculation. I invest because I believe in Bitcoin and I know it will do great in the future so investing again based on speculation that the price of Bitcoin will get to some certain level by a given period of time is what I don't buy or hold on to because it is not guarantee and certain that it will get to some certain price by 2030. And my question now is that, what will happen if it doesn't get to a particular height in 2030? So there is no need of assuming where Bitcoin will get to in the future rather we should buy and hold.

Bitcoin is a growing asset that has no limit. Bitcoin is only 15years and look at the valued of it at the market, without been told you can tell that the price of bitcoin will increase and the value will be greater overtime  Your aren't wrong about knowing the exact value of Bitcoin in 2030,we can only but speculate the price because market volatility have made the price of Bitcoin very difficult to predict accurately,So it's needless trying to Predict the market, instead of trying to have an accurate prediction of the market,your main focus should be accumulating bitcoin steadily and consistently for the long term.

[iamsange]

If ya have any cash that you have been saving this is the dip you want to buy, got me some

It's time to dip into your savings and put it into the market to buy Bitcoin at this already quite low price. This is because the current situation presents an opportunity for many people to enter the market with the sole purpose of buying Bitcoin with the money they've been saving for a long time. I've done this too and will do it again when I have the money to use again soon, because the current situation isn't a bad one to take advantage of as soon as possible, or before the Bitcoin price returns to its peak this year.

[Loyang]

I think it's a simple principle to understand buy the Dip and hodl, there are people who will still be waiting for BTC price to Dip more before they can buy forgetting that your plans and that bitcoin is not the same, bitcoin price is volatile one can be waiting for it to dip more and it starts increasing so this should be an avenue to BUY more BTC and HODL.

Those who has consistently be buying BTC using the dca strategy can decide to be a little aggressive using their reserve funds the Dip should be an opportunity to grow our portfolio as investors.

Buying aggressively with reserve funds will never be the right decision. Because if the price drops in an emergency and to deal with that emergency, you may have to sell Bitcoin at a loss. First, dividing your funds into 3 levels is the best and wisest thing to do. Such as cash fund, reserve fund, emergency fund. If you build your funds in this way, then you may be able to deal with your financial crises very easily.

When your cash fund, reserve fund, emergency fund are built, then you can save money separately with which you can buy aggressively. For example, if you save some money along with investment, then you can do it to buy aggressively during the decline. But I think it is best to buy aggressively when you have the money. It will never be the right decision to wait for the decline. If you have the money, then buy immediately, it will be the wisest thing to do.

Always try to buy aggressively based on your financial situation.

[bitzizzix]

If ya have any cash that you have been saving this is the dip you want to buy, got me some

You're not new here, so I'm sure you already know what to do with your savings. So what are you waiting for? If you're confident in the Bitcoin price and want to buy Bitcoin with your savings, you should do so and hold it for the long term.
I only have savings for emergencies or immediate needs, which I will use when needed. I only buy Bitcoin with my monthly salary, which I manage every month as best as possible after prioritizing other essential needs and also setting aside a little for savings.
I always support whatever method they deem best and adapt it to their circumstances, especially financial ones, as long as the goal is long-term. Bitcoin will always provide good returns in terms of profits if pursued over the long term.