Buy the DIP, and HODL!

[ruykeri]

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

Yes, I agree with you. If someone has $100 as a discretionary income at the end of the month or week, then from there, he can first invest $40 in Bitcoin and keep the remaining $40 as an emergency fund. He can spend the remaining $20 on his entertainment and social activities. When his emergency fund becomes equal to his 3-month expenses, he can invest more aggressively in Bitcoin. Or, in addition to investing some money in Bitcoin, he can also create a reserve fund. Because reserve funds like emergency funds are very important in long-term investment in Bitcoin. If there is no reserve fund, then due to any kind of small or big economic problem, the emergency fund will have to be used. But we should keep an emergency fund as a last resort, so that for small problems, money can be taken from the reserve fund to solve the problem. As a result, the Direct Emergency Fund will not be used and will not be used during times of stress.

Basically, prudent money is the basic element for investment. But this prudent money alone does not guarantee your success in investment. Based on its basic element, prudent money, you have to take investment management and risk management steps. That is, when, how and in what strategy will you invest or what steps will you take to maintain it in the long term. Investment management and risk management should be completely dependent or built on prudent money. The parts of investment management are investment strategy and aggressiveness in investing properly. The parts of risk management are protective steps to maintain investment successfully in the long term such as: keeping backup (emergency fund, reserve fund, cash flow and necessary fund) funds ready in a proper plan. Even if you somehow lose the money used in investment, keep an eye on this so that there is no major change in your life. Without prudent money, these plans are of no value, even prudent money is weak without proper planning.

You are right that in order to conduct investment activities for a long time, one must form an emergency fund reserve fund as a backup fund, but the first thing that is more important at the beginning of investment is to have discretionary income. If he has discretionary income, he can invest relatively safely. After that, alone with bitcoin investing ,he will form an emergency fund and a reserve fund to do DCA for a long time.
If someone thinks that he will invest $ 100 monthly. But if for some reason he does not have enough discretionary income. Then he will not be able to invest until the discretionary income comes again. In that situation, if after a few days he takes money from his emergency fund and invests in a larger amount . And suddenly after that, if for some reason he needs a lot of money for an emergency reason, then he will finish the money in the emergency fund and may even have to sell Bitcoin. So the first thing that is important is whether the person who has started investing has a regular discretionary fund or discretionary income flow.

[Razmirraz]

Buy the DIP, and HODL!

just obey the title of the thread.

The title is very clear, it is the most popular one used by Crypto asset investors, especially Bitcoin.
Buying the DIP, or more popularly known as Dollar-Cost Averaging, can reduce risk by periodically purchasing crypto assets. This strategy can reduce the impact of price fluctuations and can increase investor discipline in investing regularly.
While HODL (Hold On for Dear Life) can increase profits in the long term, investors can also avoid anxiety and reduce stress due to short-term fluctuations, this strategy can also increase patience in investing by holding assets in the long term. Success in investing requires time, patience and a steady flow of resources to increase the investment amount periodically, after which hold it for the long term to get maximum results.

[bitcoin_mining]

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.

We have seen how much the price of Bitcoin has changed in the last four years, so if we add the next four years to the last four years, then the equation is clear in front of us that how good Bitcoin can go. When an investor invests in Bitcoin with a long-term plan, he actually has to face many challenges, but despite facing these challenges, all investors who can hold their investment for a long time are successful in investing in Bitcoin after a certain period of time. I think if a person has the ability, then he should give more importance to investing in Bitcoin because I think investing in Bitcoin is actually not that much of a problem, just understand the market and invest consistently and hold this investment for a long time.

[POPOLUV]

I think you don’t have to wait till you get all the  mental preparations or anything before getting started in bitcoin investment.

To start investing, you need to be mentally prepared so that you can start investing freely and have confidence in the investment. If you have not yet been able to establish enough confidence in the investment due to lack of knowledge or your mental state is not suitable for investment, then I think it is not wrong for you to delay the investment for a while. For example, if there is a disruption in your normal life due to some issue, if any incident around you disturbs you mentally or if there is a shadow of grief in your family or your personal life. In these situations, I think your mental state is not at all conducive to investment. Or you must be mentally prepared before making any long-term risky decision. This requires some time and good advice. However, it is not at all appropriate to delay the investment by making excuses, I do not see anything wrong in delaying it for any reason.

A strong mentality is essential when investing in Bitcoin, as it helps us maintain more stable decision-making. However, when starting to invest, I don't think we need to develop a strong mentality to begin with. This is because a strong mentality can't be cultivated without firsthand experience and experience. Essentially, this mentality is formed when we start investing in Bitcoin. Don't bother training it, as it will naturally develop over time.

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 totally disagree with you on those words i hiligted above because delaying in Bitcoin investments is never a bad idea of your waiting until you have a discretionary income, let me clarify why you need to wait until you have discretionary income before you can embark into Bitcoin investments, is because a process were by you used the income that is meant for another thing for an investment, once the time or hours comes for the money that you used to invest, you force to pull out your invest without waiting for long term, but assuming you waited for you to use your discretionary income to invest, on that process of building up your Bitcoin portfolio you don't have anything that can make you pull out your discretionary income in short term, because discretionary income is the income that is remaining after all payments of bills.

[Rockstarguy]

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

Just keep greed aside and buy bitcoin. Even as bitcoin has even fall to this amount, some people will still insist the price is still high to buy bitcoin and will be desire for more dip. This is an opportunity to buy more Bitcoin, no time to wait .

Just keep buying the dip and dont wait for the perfect the dip because doing so you may loose the opportunity of buying the dip again just like you did longtime ago.

[Frankolala]

Buy the DIP, and HODL!

just obey the title of the thread.

The title is very clear, it is the most popular one used by Crypto asset investors, especially Bitcoin.
Buying the DIP, or more popularly known as Dollar-Cost Averaging, can reduce risk by periodically purchasing crypto assets. This strategy can reduce the impact of price fluctuations and can increase investor discipline in investing regularly.
While HODL (Hold On for Dear Life) can increase profits in the long term, investors can also avoid anxiety and reduce stress due to short-term fluctuations, this strategy can also increase patience in investing by holding assets in the long term. Success in investing requires time, patience and a steady flow of resources to increase the investment amount periodically, after which hold it for the long term to get maximum results.

I don't understand what you mean by crypto assets or crypto investors, you need to be more specific here and use the word bitcoin so that you don't mislead newbies because if you go and start buying shitcoins when their price is dipping, it means that you are purposely opening your eyes and drowning inside ths water because when shitcoins dips, they're crashing since they might never bounce back again till they become zero value in the long run. Bitcoin isn't shitcoins so don't classify them as if they're the same.

Only bitcoin is worth investing with DCA and worth buying at the dip provided you are prepared for it or through your ongoing regular DCA because history has shown that the prics will surely bounce back and go higher than the initial peak price. This is the reason why new investor shouldn't get it twisted but invest only in bitcoin through DCA in order to build their bitcoin portfolio for 4-10 years and above through consistent and persistent weekly purchases.

[Kaliandra]

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

It is certainly true that buying BTC with money that you are prepared to lose is the right move, because many beginners tend to use money that they are not prepared to lose, which ultimately causes them to panic when they see the price of BTC falling, resulting in a loss on their investment. What you are doing is the right thing, because buying BTC with money that you are prepared to lose is the right choice.

When it comes to long-term BTC investments, there's no need to constantly monitor prices or wait for the perfect timing, as it can be challenging to pinpoint the ideal moment, which often leads to buying at higher prices. The bottom line is that when investing in BTC for the long term, we won't have trouble buying BTC, and we certainly don't need to go to great lengths to predict prices because the most important thing is to accumulate BTC.

[Shineup]

Buy the DIP, and HODL!

just obey the title of the thread.

The title is very clear, it is the most popular one used by Crypto asset investors, especially Bitcoin.
Buying the DIP, or more popularly known as Dollar-Cost Averaging, can reduce risk by periodically purchasing crypto assets. This strategy can reduce the impact of price fluctuations and can increase investor discipline in investing regularly.
While HODL (Hold On for Dear Life) can increase profits in the long term, investors can also avoid anxiety and reduce stress due to short-term fluctuations, this strategy can also increase patience in investing by holding assets in the long term. Success in investing requires time, patience and a steady flow of resources to increase the investment amount periodically, after which hold it for the long term to get maximum results.

I don't understand what you mean by crypto assets or crypto investors, you need to be more specific here and use the word bitcoin so that you don't mislead newbies because if you go and start buying shitcoins when their price is dipping, it means that you are purposely opening your eyes and drowning inside ths water because when shitcoins dips, they're crashing since they might never bounce back again till they become zero value in the long run. Bitcoin isn't shitcoins so don't classify them as if they're the same.

Only bitcoin is worth investing with DCA and worth buying at the dip provided you are prepared for it or through your ongoing regular DCA because history has shown that the prics will surely bounce back and go higher than the initial peak price. This is the reason why new investor shouldn't get it twisted but invest only in bitcoin through DCA in order to build their bitcoin portfolio for 4-10 years and above through consistent and persistent weekly purchases.

It doesn't just have to be weekly on weekly purchases because there are those that receives money on monthly and might decide to be purchasing Bitcoin monthly and might not be able to be doing it on weekly, let's just say that the way an individual income flow has a role to play in deciding When to make purchases of Bitcoin.

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

It is certainly true that buying BTC with money that you are prepared to lose is the right move, because many beginners tend to use money that they are not prepared to lose, which ultimately causes them to panic when they see the price of BTC falling, resulting in a loss on their investment. What you are doing is the right thing, because buying BTC with money that you are prepared to lose is the right choice.

When it comes to long-term BTC investments, there's no need to constantly monitor prices or wait for the perfect timing, as it can be challenging to pinpoint the ideal moment, which often leads to buying at higher prices. The bottom line is that when investing in BTC for the long term, we won't have trouble buying BTC, and we certainly don't need to go to great lengths to predict prices because the most important thing is to accumulate BTC.

I agree that trying to time the market is wrong and very difficult but I don't see how buying at higher prices will become a problem for an investor that have it in mind to be buying to hold for many years ahead to come.

[Merit.s]

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.

we give ourselves too much financial conditions when investing in bitcoin which is not that important. Who told you that buying bitcoin with your reserve funds is not the right decision and that whomever that buys bitcoin with his reserve funds will sell at loss when an emergency arises.

One of the major purpose of having a reserve funds is to use it for bitcoin purchases whenever there's a dip so that you don't miss out the dip. Emergency funds is for a real life emergency and shouldn't be tampered with only when there's a real life emergency. However, you can also tap first from your reserve funds to take care of a real life emergency before use your emergency funds but that doesn't mean that reserve funds in not to buy bitcoin at the dip.

I just bought some fraction of bitcoin today with part of my reserve funds and that doesn't mean that if I exhaust it, I wouldn't refill it back.

[ZeroVinsonN]

Buy the DIP, and HODL!










just obey the title of the thread.

100% in support
 
I look at people who misunderstand the title of this thread, Buy the DIP doesn't mean waiting for a DIP when you can keep buying with DCA, the DIP is already here, people who are waiting for it to go lower might get disappointed coz the price can go up at any moment and never come back this low again, as long as the funds are available then this is the dip for any investor who wants to buy it, and do not buy this DIP only to sell immediately the price skyrockets, your profits will be meager compared to what it will be later on in the future.

So just Buy the DIP and HODL

[asarfiar]

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

Just keep greed aside and buy bitcoin. Even as bitcoin has even fall to this amount, some people will still insist the price is still high to buy bitcoin and will be desire for more dip. This is an opportunity to buy more Bitcoin, no time to wait .

Just keep buying the dip and dont wait for the perfect the dip because doing so you may loose the opportunity of buying the dip again just like you did longtime ago.

We do not have a specific time to buy Bitcoin. Buy as much as you can and try to hold on, because today's Bitcoin is the future of tomorrow. You may think that I want the price at the last moment of the decline. Making such a decision is nothing more than your stupidity. A real investor does not wait for a moment, which is just a reflection of your thoughts.

I think if you can invest by keeping yourself within a rule, then the Bitcoin bought during the decline will work as a dividend for you on average. There are many people who just wait for the decline and in the end they see that they have crossed the limit of regret. This is not a method that you will follow. So you buy regularly and hold on.

[Derekfunds]

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

Just keep greed aside and buy bitcoin. Even as bitcoin has even fall to this amount, some people will still insist the price is still high to buy bitcoin and will be desire for more dip. This is an opportunity to buy more Bitcoin, no time to wait .

Just keep buying the dip and dont wait for the perfect the dip because doing so you may loose the opportunity of buying the dip again just like you did longtime ago.

Anyone that is hoping for Bitcoin price to dip more before they buy means they are not interested or serious in buying Bitcoin because since they are not buying in bulk ( 1 Bitcoin) at a time, they can buy or accumulate little by little depending on their discretionary income and still prepare for the price of Bitcoin to dip instead of not Investing at all and be waiting for the price to dip more. These set of people even if the price of Bitcoin dip more than this, they won't still buy because they are not serious. One important in this journey is starting first with your discretionary and then subsequent times you will figure something out especially if you have the passion and zeal.

[Dogedegen]

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

Who still has money that isn't Bitcoin? 

[Mummy OS]

Buy the DIP, and HODL!

just obey the title of the thread.

The title is very clear, it is the most popular one used by Crypto asset investors, especially Bitcoin.
Buying the DIP, or more popularly known as Dollar-Cost Averaging, can reduce risk by periodically purchasing crypto assets. This strategy can reduce the impact of price fluctuations and can increase investor discipline in investing regularly.
While HODL (Hold On for Dear Life) can increase profits in the long term, investors can also avoid anxiety and reduce stress due to short-term fluctuations, this strategy can also increase patience in investing by holding assets in the long term. Success in investing requires time, patience and a steady flow of resources to increase the investment amount periodically, after which hold it for the long term to get maximum results.

I don't know why women are not always acknowledged or recognized in the crypto field as one of the holders of the Almighty Bitcoin. Maybe we are too busy with work and taking care of the family. I am a strong woman that is prepared to join the race of Bitcoin advocators even though I have a big responsibility to play in my family.

Holding has been a prerequisite for Bitcoin adopters if they really want to ride this journey to the optimum level. I am a big fan of Bitcoin although I will need to learn more about Bitcoin and the blockchain so I can be well equipped with the right knowledge that will drive me to being a Bitcoin maximalist on a full time, educating people around me.

I will try to dedicate enough time to Bitcoin because this is all I think that can change the way I think and my perception about the market. I will need to teach my boys too so they can prepare for what the future holds for them.

[7juju]

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.

It is not really bad if investors come into bitcoin investment based on speculations, as far as they are investing and holding for long term. Bitcoin is speculative in nature, and I strongly believe that there are strong holders today who came into bitcoin investment based on the speculations of others. Remember the price that bitcoin is today was one time a speculated price. The thing there is that investors should just realise that speculated price are not far from reality. So they should have an open mind when investing.

[I_Anime]

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

Who still has money that isn't Bitcoin? 

  Well as an investor it is necessary to set aside some certain amounts of money , either in form of dollar or fiat . Like for emergency purposes or as a reserved funds for time like this to buy the dip which we are experiencing recently, you definitely see how the market is bleeding lately .

In time like this selling ain’t an opinion only buying , at cheaper rate .

[Ivystar5]

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

There is nothing you would enjoy more than the feeling of buying the dip now, of course I would say that the best dip is now (which is a general statement) but truly this current dip is the absolute ticket dip we always talk about in this thread that we should buy them and hodl, if possible sell something and buy now! like the old meme that says "I'm all in" only you and your computer watching the market.

Zero or little fiat with more bitcoin.

[gracreavix]

What really matters to me is balance. Don’t throw in money you can not afford to lose, but at the same time don’t keep holding back forever waiting for the perfect moment, it may never come. The idea is to build and also  your Bitcoin side by side, not choose one and ignore the other…

It is certainly true that buying BTC with money that you are prepared to lose is the right move, because many beginners tend to use money that they are not prepared to lose, which ultimately causes them to panic when they see the price of BTC falling, resulting in a loss on their investment. What you are doing is the right thing, because buying BTC with money that you are prepared to lose is the right choice.

When it comes to long-term BTC investments, there's no need to constantly monitor prices or wait for the perfect timing, as it can be challenging to pinpoint the ideal moment, which often leads to buying at higher prices. The bottom line is that when investing in BTC for the long term, we won't have trouble buying BTC, and we certainly don't need to go to great lengths to predict prices because the most important thing is to accumulate BTC.

Good point about putting in what you are comfortable losing.. A lot of people underestimate just how heavy the emotional side of investing can be until they are staring at a red chart and feeling their portfolio drop.. Some friends who swore they were in it for the long haul end up panic selling the time Bitcoin dropped 20%, simply because they overextended themselves with money they could not really afford to part with..  The truth is, that kind of pressure will almost always lead to bad decisions. Treating BTC as a high risk, high reward asset and investing only what you can let go of makes it so much easier to detach emotionally and just focus on the bigger picture…. That is what separates someone who survives the volatility..

On the other side of it, I agree that the obsession with timing the perfect entry is a dangerous trap..  The market is unpredictable to the point where even seasoned traders get wrecked trying to outsmart it..  Waiting for that dip often just leads to hesitation, and missed opportunities, buying higher than if you would just entered steadily… Long term, the math favors accumulation over hesitation.. Think about it, if Bitcoin is truly on a trajectory of adoption, use, and scarcity, then what matters ten years down the line is not whether you bought at $25k or $90k, but that you actually had the discipline to accumulate consistently while others second guessed themselves..   Dollar cost averaging might not sound exciting, but it is the kind of boring strategy that ends up beating most of the noise…

And honestly, I think that is where the real lesson lies, it is not just about Bitcoin itself, it is about learning how to master yourself, patience and discipline..  If you train yourself to block out the short term mind and stick to your long term conviction, you are already ahead of the majority of people who get swept up by hype cycles and panic headlines.. Bitcoin does not just test your wallet, it tests your character and emotional endurance. To me, the goal isn’t just to accumulate BTC but to grow into the kind of investor who does not crumble when volatility comes.

[Proty]

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

There is nothing you would enjoy more than the feeling of buying the dip now, of course I would say that the best dip is now (which is a general statement) but truly this current dip is the absolute ticket dip we always talk about in this thread that we should buy them and hodl, if possible sell something and buy now! like the old meme that says "I'm all in" only you and your computer watching the market.

Zero or little fiat with more bitcoin.

This your advice to me is really funny and you make it look as if it is only during the dip that people can accumulate bitcoin. There is nothing wrong in buying the dip whenever it occurs as long as the needed discretionary income or extra cash is there . However talking about selling ones valuable in other to buy the dip is something that I think is a very ideal since we may not be able to hold for long and we may end up putting ourselves into unnecessary pressures.

[Joeboy]

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

Let me ask you this question...How can you maintain consistency in your Bitcoin Accumulation journey if you are not working( a source of income)? Or don't you know that it is the steady flow of income that ensures your continuous stacking without breaking your savings..... Bitcoin investment is not a one time thing, it requires consistency this is because consistency is what guarantees a strong Bitcoin portfolio overtime  and this consistency mostly comes from having a reliable source of income. Honestly without a reliable source of income you may buy once or maybe twice and then stop, or at worse you might even be forced to sell early when you run into any kind of financial crisis.....