Buy the DIP, and HODL!

[Kelward]

For your first statement DCA strategy is not the only way or strategy that can lead you to success in Bitcoin investment if you have money for a lump sum strategy you can go for it and then keep holding for a very long time and you will still be successful.
As we are talking about DCA strategy let's not act as if is the only strategy, we have other strategy we use to invest in Bitcoin but DCA strategy is the most comfortable strategy we have and is very good for even those who are not doing a well paid job.
Yes you are correct Abelly when one has a good risk management plan and is well discipline he will succeed easily.

Your right,there are three strategies which we can use to accumulate bitcoin, so the DCA Strategy can't be the only strategy we can use to accumulate bitcoin. We have DCA, Buy the Dip and Lump sum and these strategies are effective when use to accumulate Bitcoin. It is now Left for the individual to chose which of these strategies would be suitable for his accumulation plan.
Among the three strategies,I would recommend the DCA Strategy because it is the most convenient strategy you can use to accumulate bitcoin. Being successful doesn't depend on the strategy you're using to accumulate bitcoin, rather it is the size of your portfolio & the number of years Hodl for the long term is what will determine your level of success.

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

[Obulis]

Yep.  You make some good points, and it seems to me that even if guys are accumulating bitcoin for only a few years, they likely are spending time learning about bitcoin so that they might be able to become more convinced that it is better to invest for the long term, such as longer than 10 years... or whenever they might be able to determine that they have reached a status of accumulating enough or more than enough bitcoin so that they might be able to start something like sustainable withdrawal.

Sometimes guys might not really know about their goals or their target, and they can also study and figure out those kinds of matters as they are continuing to build up their bitcoin stack size.

You’re right, there are guys and investors who have been investing in Bitcoin for a long term, most of them would have started on a very difficult situation, because they must have struggled to figure out there plans when starting investment, because not everyone have that tendency of having that plans to invest for a longer term, along the line they have to learn little by little and adjust how to invest in bitcoin with a long term plans, and they have to realize that that 4 years wouldn’t be enough for them to invest in bitcoin, rather they have to even suggest and think that 10 years wouldn’t be enough for them to keep investing in bitcoin, there are people who have been holding bitcoin for quite 20 years now and there bitcoin investment have been sustainable, and some investors also have Bitcoin as reserves that they don’t intend to touch, and some investors also use bitcoin as an inheritance plans for their family.

I think whichever way that we choose to invest in bitcoin for a longer term period it’s quite sustainable as long as we have a working plan of sustainability.

You seem to use the term sustainable in much looser ways than I use it.  Many times people deplete their principle when they are withdrawing from their bitcoin, and when I use the term sustainable withdrawal I am suggesting to ONLY withdraw from the appreciating portion of the bitcoin, so that the bitcoin's dollar value is maintaining itself, and so in that sense you can withdraw from your bitcoin forever without losing dollar value.

Of course, anyone is free to deplete their principle at any time, yet when I use the term sustainable withdrawal I am not referring to depleting the principle.  Of course within my thread I post my various ideas related to sustainable withdrawal, both price-based and time-based sustainable withdrawal.  Each of the approaches have their advantages and disadvantages and guys can apply the ideas how they believe fits their own circumstances.

I doubt that just calling something sustainable makes it sustainable, especially if the principle is being depleted, yet sure, guys can do what they want, but if they call it sustainable and they are depleting their principle, then I would suggest that they don't really understand the "sustainable" idea.
 

If I grab the idea of sustainable withdrawal,
Applying sustainable withdrawal is a way of paying self as Bitcoin price increases above the initial dollars input by withdrawing what is on top leaving your main capital. That's having let say an investor has a total of 100 dollars Bitcoin at 100,000 dollars per BTC and there's increase to 115,000, then you sustainably withdraw what has just added to your 100 dollars worth of Bitcoin leaving your 100 capital untouched.

[Tamaperdana]

If I grab the idea of sustainable withdrawal,
Applying sustainable withdrawal is a way of paying self as Bitcoin price increases above the initial dollars input by withdrawing what is on top leaving your main capital. That's having let say an investor has a total of 100 dollars Bitcoin at 100,000 dollars per BTC and there's increase to 115,000, then you sustainably withdraw what has just added to your 100 dollars worth of Bitcoin leaving your 100 capital untouched.

If you keep doing that, your bitcoin investment will definitely not grow. Because basically, you are continuously taking profits. So, by doing that, you are just saving money rather than investing for the long term. Because if, for example, we imagine that the value of your dollars in bitcoin will double tomorrow and you take all the profits, I think that concept is no different from trading. Because the concept of long-term investment in bitcoin that I know is that we only have to focus on accumulating during the period that we have determined ourselves. So during the accumulation period, we don't need to take profits first, because surely we are not yet at the stage of excessive accumulation of the bitcoin we have. That's why I disagree with your assumption. Perhaps for those who are already at the stage of excessive investment and have been holding for a sufficiently long time—at least two cycles—they can enjoy the profits. But for investors who are still in the accumulation phase, it would be better to focus first on accumulating their Bitcoin.

[KeenanEl19]

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.
So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

No mate, you must not prepare an emergency funds before you can get started with bitcoin accumulation and investment, once you’re able to figure out a discretionary income to use and invest in bitcoin it is advisable you get started immediately with your bitcoin accumulation and along the line you can be preparing some funds for your emergency funds as you’re already ongoing accumulating bitcoin. Emergency funds requires you to have at least 3-4 months of your expenses which is something you can not just be able to build in a day or months, and besides that keeping an emergency funds aside for bitcoin investment whereas you don’t have any bitcoin stash or portfolio to protect doesn’t make real sense, so the most important thing to do first is to be able to get started with your bitcoin accumulation immediately your discretionary income is ready and as time goes on while you’re investment is ongoing, you can be building your emergency funds along side while accumulating and investing in bitcoin. You must not wait to build your emergency funds first before getting started with your bitcoin accumulation and holding for the long term goal.

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

[Showlove01]

Some people don't want to take high risks, so they choose long-term investments. However, when investing long-term, our patience is tested by the market, sometimes causing someone to waver when faced with a loss in their portfolio value. In such situations, some often lose sight of their primary investment goals.
The risk factor is not a reason to postpone our investment goals in Bitcoin, as the low or high risk significantly impacts the returns offered (the higher the risk, the greater the potential profit).

Being honest about investing means acknowledging that long-term investing provides a lot of stress relief; however long-term investors must remain patient when they experience price declines (or "red" portfolios); thus it becomes difficult for them to recall their original reason(s) for investing. More often than not, the biggest challenge for a long-term investor is not selecting the correct assets, but rather staying focused on their long-term investment goals. Risk, by definition, is what creates the potential for Bitcoin; therefore, risk alone should not prevent people from adopting Bitcoin or other forms of digital currency. Higher risk leads to greater volatility, yet also greater potential for profits. Therefore, what is important for an investor is identifying what amount of risk makes them feel comfortable, remaining disciplined through the various stages of a market cycle.

Feeling the dip as an investor is a normal feeling as human being but the choices and decision we take or make during this period is vital and it can either make our investment or destroy it but this period is the period you know who is actually a real investor and whos is not and a real investor will never sell or panic but they can feel the pressure of decline but because they know and understand the market changes and the potential of Bitcoin and their goal they will stay calm and watch the temporary wave roll away.

[The Founding Titan]

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.
So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

No mate, you must not prepare an emergency funds before you can get started with bitcoin accumulation and investment, once you’re able to figure out a discretionary income to use and invest in bitcoin it is advisable you get started immediately with your bitcoin accumulation and along the line you can be preparing some funds for your emergency funds as you’re already ongoing accumulating bitcoin. Emergency funds requires you to have at least 3-4 months of your expenses which is something you can not just be able to build in a day or months, and besides that keeping an emergency funds aside for bitcoin investment whereas you don’t have any bitcoin stash or portfolio to protect doesn’t make real sense, so the most important thing to do first is to be able to get started with your bitcoin accumulation immediately your discretionary income is ready and as time goes on while you’re investment is ongoing, you can be building your emergency funds along side while accumulating and investing in bitcoin. You must not wait to build your emergency funds first before getting started with your bitcoin accumulation and holding for the long term goal.

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

This is actually an interesting situation to be in, I wonder what if you never invested in bitcoin but still spent your discretionary income on other not so relevant things, how would you have handled the urgent situations that came up for you to deal with because the idea is always that if you don't have an emergency fund ready you might end up having to sell your bitcoin but if you didn't have bitcoin available to you then get yourself out of that bind? This concept just came to my mind and it has really got me wondering.

[Jaksonhard]

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

This perspective is extremely balanced. Each investor has unique investment objectives, risk tolerance, and available funds which necessitates their own individualised selection of investment strategy, but DCA is very appealing because it takes all of the emotions and anxiety out of the investment process. You do not need to be concerned with timing the market and finding that one perfect buy point at which to invest all of your money, as DCA allows you to accumulate your position gradually over time. For those who are in a better financial position and have more disposable income available, utilising different strategies in combination with one another can also be a successful way to approach investing in the markets. Ultimately, being consistent and disciplined is of greater importance than trying to perfectly time the market.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

You are touching the true core of investing in Bitcoin for the long term. Regardless of how well you understand finance or have a sound strategy for investing, if you do not have a consistent source of funds to invest, then being consistent will be nearly impossible. Increasing your ability to make money provides you with the means to continue to invest in Bitcoin year after year, even during difficult times in the market. The skills you learn through proper money management allow you to preserve and allocate funds effectively, but they only have value when you actually have funds to manage initially. When you are able to generate more money from an increased ability to earn, paired with the discipline of Bitcoin accumulation, you create a cycle of growing wealth that is sustainable, possible and much less stressful over time.

[JayJuanGee]

For your first statement DCA strategy is not the only way or strategy that can lead you to success in Bitcoin investment if you have money for a lump sum strategy you can go for it and then keep holding for a very long time and you will still be successful.
As we are talking about DCA strategy let's not act as if is the only strategy, we have other strategy we use to invest in Bitcoin but DCA strategy is the most comfortable strategy we have and is very good for even those who are not doing a well paid job.
Yes you are correct Abelly when one has a good risk management plan and is well discipline he will succeed easily.

Your right,there are three strategies which we can use to accumulate bitcoin, so the DCA Strategy can't be the only strategy we can use to accumulate bitcoin. We have DCA, Buy the Dip and Lump sum and these strategies are effective when use to accumulate Bitcoin. It is now Left for the individual to chose which of these strategies would be suitable for his accumulation plan.
Among the three strategies,I would recommend the DCA Strategy because it is the most convenient strategy you can use to accumulate bitcoin. Being successful doesn't depend on the strategy you're using to accumulate bitcoin, rather it is the size of your portfolio & the number of years Hodl for the long term is what will determine your level of success.

You are correct in what you are saying Cossyblack, which it seems that DCA is the better of the strategies based on the ability to adapt it to the cashflow circumstances of the person, yet at the same time, we likely have to couple our strategies with our having had built up decently strong cashflow management practices and/or systems that help us in our abilities to ongoingly accumulate bitcoin and to not get ourselves into situations in which we are putting the building of our bitcoin stash in jeopardy... so yep, we want to build our bitcoin stash and also to make sure that we are not putting our stash or other aspects of our cashflow into situations that potentially cause us to have to dip into our BTC stash at a time that is not of our choosing.

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

[Raflesia]

But when we talk about investing then at least the risk we have is a bit smaller than those who trade because even though we know that both (trading and investing) have risks but of course we can compare which risks we can minimize as small as possible as in investing for the long term and which ones remain in big risks that continue to be the same as when they trade.
Maybe some will say it depends on the choice but for me when there is a risk that we can minimize why take a bigger risk in trading because it will only make you happy for a moment but miserable at the end because not always trading ends with good things.

Even short-term dollar gains in this behavior may not be meaningful because even if they are professional traders, I'm pretty sure they must have felt a loss because it's not always the case that a few dollars of profit will last.
The fact that always happens is that when so much money is burned in liquidation when bitcoin experiences a correction is always strong evidence that traders will not get meaningful profits.

Some people don't want to take high risks, so they choose long-term investments. However, when investing long-term, our patience is tested by the market, sometimes causing someone to waver when faced with a loss in their portfolio value. In such situations, some often lose sight of their primary investment goals.
The risk factor is not a reason to postpone our investment goals in Bitcoin, as the low or high risk significantly impacts the returns offered (the higher the risk, the greater the potential profit).

Don't think too much about it because when we only focus and think too much about the temporary decline that occurs, it is certain that we will become over thinking which makes the decisions we make not too good where we are too hasty in making decisions due to excessive panic.

A lot of people are actually destroyed and think that investing in bitcoin is a scam just because of their own mistakes when they are too hasty to make decisions and conclusions in the temporary decline that occurs (they get out even when they lose) which even though the fault lies not in the investment they do but the wrong approach in their investment because they are too focused on fomo and temporary profits.

Whereas if we are sure to be in the long term this temporary decline is only a process for us to build greater confidence that what we are doing is on track and we also cannot expect something that always goes up because when there is an increase there will definitely be a decrease as a form of balance that always has to exist.

[Joeboy]

You are correct in what you are saying Cossyblack, which it seems that DCA is the better of the strategies based on the ability to adapt it to the cashflow circumstances of the person, yet at the same time, we likely have to couple our strategies with our having had built up decently strong cashflow management practices and/or systems that help us in our abilities to ongoingly accumulate bitcoin and to not get ourselves into situations in which we are putting the building of our bitcoin stash in jeopardy... so yep, we want to build our bitcoin stash and also to make sure that we are not putting our stash or other aspects of our cashflow into situations that potentially cause us to have to dip into our BTC stash at a time that is not of our choosing.

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

I think that this is something that many folks often tend to overlook, Though DCA is infact the better of the three other strategies, but focusing solely on DCA may not be always be enough, it may even eventually fall apart if investors fail to practice good cash flow... Accumulating Bitcoin shouldn't come at the cost of constantlly putting ourselves in tight and difficult positions. If folks are accumulate Bitcoin without building an emergency fund or creating a way of first settling their expenses, then they will definitely be setting themselves up for pressure and early sales of their Bitcoin...

This is why folks should always practice balance, that is them keeping up with their steady accumulation using their discretionary income, while also making sure to have a good cash flow and also having some emergency funds at disposal. Though like you rightly pointed out that some emergencies may not always respect our plan no matter how good it may be.....But still the goal of every Bitcoin investor should be to reduce the way these so called emergency situations forces them to dip into their Bitcoin before they reaching over accumulation.

[Agbamoni]

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

There are many more strategies other than the one you have mentioned, even if it is not generalized. As an investor, you can provide a different strategy for yourself, provided that it aligns with your goals and the longevity of your bitcoin accumulation.

Everything is not about money, mosttimes it is all about saving wealth. Some people are rich, very wealthy, to say, who can live their life without thinking of how to make money because they almost have it all when it comes to finance. But those people see Bitcoin as a means to preserve wealth either for retirement or for their kin.

[MainIbem]

Your right,there are three strategies which we can use to accumulate bitcoin, so the DCA Strategy can't be the only strategy we can use to accumulate bitcoin. We have DCA, Buy the Dip and Lump sum and these strategies are effective when use to accumulate Bitcoin. It is now Left for the individual to chose which of these strategies would be suitable for his accumulation plan.
Among the three strategies,I would recommend the DCA Strategy because it is the most convenient strategy you can use to accumulate bitcoin. Being successful doesn't depend on the strategy you're using to accumulate bitcoin, rather it is the size of your portfolio & the number of years Hodl for the long term is what will determine your level of success.

You are correct in what you are saying Cossyblack, which it seems that DCA is the better of the strategies based on the ability to adapt it to the cashflow circumstances of the person, yet at the same time, we likely have to couple our strategies with our having had built up decently strong cashflow management practices and/or systems that help us in our abilities to ongoingly accumulate bitcoin and to not get ourselves into situations in which we are putting the building of our bitcoin stash in jeopardy... so yep, we want to build our bitcoin stash and also to make sure that we are not putting our stash or other aspects of our cashflow into situations that potentially cause us to have to dip into our BTC stash at a time that is not of our choosing.

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

The  DCA might not be the only strategy but it may seem as though it's the most talked about strategy especially when giving advice to newbies, it's very convenient for starters, intact not only them but all and also serve as a risk management strategy for investment which could be termed it's primary function, with the DCA, volatility, and wrong timing of the market is not a barrier since an investor can still dive into the market with it when the market is bullish or bearish and maintain consistency. Anyways Cossyblack is very correct that it's not the only strategy since other good ones still exist but someone who wish to be consistent with their investment and don't have the funds to carry out lumpsum or wait to buy the dip should prioritise the DCA.

[Rockson1]

The  DCA might not be the only strategy but it may seem as though it's the most talked about strategy especially when giving advice to newbies, it's very convenient for starters, intact not only them but all and also serve as a risk management strategy for investment which could be termed it's primary function, with the DCA, volatility, and wrong timing of the market is not a barrier since an investor can still dive into the market with it when the market is bullish or bearish and maintain consistency. Anyways Cossyblack is very correct that it's not the only strategy since other good ones still exist but someone who wish to be consistent with their investment and don't have the funds to carry out lumpsum or wait to buy the dip should prioritise the DCA.

Although I understand your point, but let me make it clear here, DCA is the best strategy of acumulating Bitcoin, infact if not for the strategy, Bitcoin investment would have been for only rich folks, the beauty of DCA method is that, it gives room for everyone be you rich or poor to take part in Bitcoin investment as far as such persons are interested in the investment, all any interested investor need is disreatinary income which is very simple to figure once an investor knows what he is doing.
One good thing about DCA strategy is that it gives every investors hope that's they can actually do it irrespective of how small their income is as long as they are willing and ready to get up to start from somewhere and hustle for an improved income that can enable them build their portfolio as possible as they can.

Yea Cossyblack is right, we know that there some strategies out there but with DCA method you can't wait until you practice those ones, infact DCA method is very much efficient and very flexible to invest in Bitcoin, we all know that lump sum amount does not come all the time and we can not wait for the dip before we start acumulating Bitcoin, so do you now see why DCA method becomes the best among all, it makes you remain relevant in Bitcoin investment, no dulling moment.

[Alonso_]

For your first statement DCA strategy is not the only way or strategy that can lead you to success in Bitcoin investment if you have money for a lump sum strategy you can go for it and then keep holding for a very long time and you will still be successful.
As we are talking about DCA strategy let's not act as if is the only strategy, we have other strategy we use to invest in Bitcoin but DCA strategy is the most comfortable strategy we have and is very good for even those who are not doing a well paid job.
Yes you are correct Abelly when one has a good risk management plan and is well discipline he will succeed easily.

Your right,there are three strategies which we can use to accumulate bitcoin, so the DCA Strategy can't be the only strategy we can use to accumulate bitcoin. We have DCA, Buy the Dip and Lump sum and these strategies are effective when use to accumulate Bitcoin. It is now Left for the individual to chose which of these strategies would be suitable for his accumulation plan.
Among the three strategies,I would recommend the DCA Strategy because it is the most convenient strategy you can use to accumulate bitcoin. Being successful doesn't depend on the strategy you're using to accumulate bitcoin, rather it is the size of your portfolio & the number of years Hodl for the long term is what will determine your level of success.

You are correct in what you are saying Cossyblack, which it seems that DCA is the better of the strategies based on the ability to adapt it to the cashflow circumstances of the person, yet at the same time, we likely have to couple our strategies with our having had built up decently strong cashflow management practices and/or systems that help us in our abilities to ongoingly accumulate bitcoin and to not get ourselves into situations in which we are putting the building of our bitcoin stash in jeopardy... so yep, we want to build our bitcoin stash and also to make sure that we are not putting our stash or other aspects of our cashflow into situations that potentially cause us to have to dip into our BTC stash at a time that is not of our choosing.

Surely there can be circumstances in which we end up having emergencies that might end up going beyond the size of our various back up funds and our emergency funds that end up causing us to have to dip into our bitcoin stash, so we cannot necessarily predict or prevent all negative contingencies that might befall us that end up diverting or destroying our bitcoin accumulation progress... and yeah, there are age and health situations that might come up that we might not have had anticipated.

Being steadfast and confident with our investment is very important, Like it has always been said for an individual and a no coiner like me I think the best strategies that would be more efficient for me is the DCA but I’m not disputing that we can also exercise the opportunity of using other strategies with a more sustainable approach and having a good plan of making use of this strategies.

However we know that the DCA would be more suitable for me that having a very low amount of discretionary income, and for someone that is a low coiner, it’s true that we wouldn’t want find ourselves in a situation that would jeopardize our ability of buying bitcoin consistently, when I first started investing in bitcoin, I was able to buy through the lump sum, because I had some money I have been saving for a very long time, I had to buy a very large sum of bitcoin, and it was quite sustainable because I had to keep buying consistently even when the price of bitcoin dips.

[Female King]

For your first statement DCA strategy is not the only way or strategy that can lead you to success in Bitcoin investment if you have money for a lump sum strategy you can go for it and then keep holding for a very long time and you will still be successful.
As we are talking about DCA strategy let's not act as if is the only strategy, we have other strategy we use to invest in Bitcoin but DCA strategy is the most comfortable strategy we have and is very good for even those who are not doing a well paid job.
Yes you are correct Abelly when one has a good risk management plan and is well discipline he will succeed easily.

Your right,there are three strategies which we can use to accumulate bitcoin, so the DCA Strategy can't be the only strategy we can use to accumulate bitcoin. We have DCA, Buy the Dip and Lump sum and these strategies are effective when use to accumulate Bitcoin. It is now Left for the individual to chose which of these strategies would be suitable for his accumulation plan.
Among the three strategies,I would recommend the DCA Strategy because it is the most convenient strategy you can use to accumulate bitcoin. Being successful doesn't depend on the strategy you're using to accumulate bitcoin, rather it is the size of your portfolio & the number of years Hodl for the long term is what will determine your level of success.

There are basically three strategies to buy Bitcoin as investors and they are DCA, lump sum and buy the dip, you can choose any of them that you're comfortable with and if you have a sizable discretionary funds you can do more than one strategy. Most of us agree that DCA is the best strategy because it doesn't put your under any pressure like waiting for a perfect opportunity to buy dip or gathering enough funds to buy lump sum.

The center point about Bitcoin investment is money so improving your potentials to earn more money is very important, that is what will truly sustain your Bitcoin accumulation for many years. If you know financial management but you don't have money to put it in practice you won't succeed as a Bitcoin investor.

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

[JayJuanGee]

Yep.  You make some good points, and it seems to me that even if guys are accumulating bitcoin for only a few years, they likely are spending time learning about bitcoin so that they might be able to become more convinced that it is better to invest for the long term, such as longer than 10 years... or whenever they might be able to determine that they have reached a status of accumulating enough or more than enough bitcoin so that they might be able to start something like sustainable withdrawal.

Sometimes guys might not really know about their goals or their target, and they can also study and figure out those kinds of matters as they are continuing to build up their bitcoin stack size.

You’re right, there are guys and investors who have been investing in Bitcoin for a long term, most of them would have started on a very difficult situation, because they must have struggled to figure out there plans when starting investment, because not everyone have that tendency of having that plans to invest for a longer term, along the line they have to learn little by little and adjust how to invest in bitcoin with a long term plans, and they have to realize that that 4 years wouldn’t be enough for them to invest in bitcoin, rather they have to even suggest and think that 10 years wouldn’t be enough for them to keep investing in bitcoin, there are people who have been holding bitcoin for quite 20 years now and there bitcoin investment have been sustainable, and some investors also have Bitcoin as reserves that they don’t intend to touch, and some investors also use bitcoin as an inheritance plans for their family.

I think whichever way that we choose to invest in bitcoin for a longer term period it’s quite sustainable as long as we have a working plan of sustainability.

You seem to use the term sustainable in much looser ways than I use it.  Many times people deplete their principle when they are withdrawing from their bitcoin, and when I use the term sustainable withdrawal I am suggesting to ONLY withdraw from the appreciating portion of the bitcoin, so that the bitcoin's dollar value is maintaining itself, and so in that sense you can withdraw from your bitcoin forever without losing dollar value.

Of course, anyone is free to deplete their principle at any time, yet when I use the term sustainable withdrawal I am not referring to depleting the principle.  Of course within my thread I post my various ideas related to sustainable withdrawal, both price-based and time-based sustainable withdrawal.  Each of the approaches have their advantages and disadvantages and guys can apply the ideas how they believe fits their own circumstances.

I doubt that just calling something sustainable makes it sustainable, especially if the principle is being depleted, yet sure, guys can do what they want, but if they call it sustainable and they are depleting their principle, then I would suggest that they don't really understand the "sustainable" idea.

If I grab the idea of sustainable withdrawal,
Applying sustainable withdrawal is a way of paying self as Bitcoin price increases above the initial dollars input by withdrawing what is on top leaving your main capital.

Your ideas of sustainable withdrawal sound quite jumbled.

There is an idea of paying oneself and it has to do with saving and investing.... When you save and invest for the future, you are paying yourself.. even though you might not be able to cash it out for a while.

So my idea of sustainable withdrawal relates to a status that guys might reach after 4-10 years or longer investing, and if the get to overaccumulation status, then they may well be able to calculate ways that they withdraw from their bitcoin at a rate that is sustainable forever, which means that the dollar value of the bitcoin is growing faster than the rate that is being withdrawn.

So for example right now if a person wanted to withdraw $80k per year ($6,666 per month) from his bitcoin stash in a sustainable way, then right now he would need to have at least 14.0757 bitcoin, and of course, it would be better to have a little bit more for a cushion, even though at least having the minimum should work for that rate... and so if he is withdrawing $80k per year and even potentially increasing the dollar rate of withdrawal by 7% each year, he should be able to sustain that withdrawal rate forever and ever and ever.  Of course, it is good to have a bit of a cushion to be able to monitor that the rate is going to be sustainable... or alternatively withdraw at a lower rate or alternatively wait for a few months before starting the withdrawal, even though the threshold requirements seem to have had been met.  Each of us is responsible to make sure that we are calculating correctly so that we do not withdraw faster than the dollar value is growing.   

From my point of view guys frequently start to withdraw before they have reached over accumulation status or the withdraw at rates that are not sustainable meaning that they are depleting the principle so that the value of the bitcoin is not going up faster than the rate of withdrawal...and we should be able to figure out ways to avoid overly depleting our bitcoin stashes.

That's having let say an investor has a total of 100 dollars Bitcoin at 100,000 dollars per BTC and there's increase to 115,000, then you sustainably withdraw what has just added to your 100 dollars worth of Bitcoin leaving your 100 capital untouched.

If you are continuously withdrawing from your profits, then you are likely never going to benefit from the compounding value of your bitcoin, so it could take several doublings before you really start to feel good about your bitcoin stash and your abilities to start to withdraw.

So I don't think that it is good to merely look at how much profits that you have in your bitcoin in order to figure out sustainable withdrawal rate.  I like to calculate the value of bitcoin using the 200-WMA.. which is the average price that anyone would have had achieved if he had been investing steadily for the past 4 years.  Right now the 200-WMA is just over $56.8k.  You can look at my thread about sustainable withdraw if you want to get some better ideas, yet it seems to me that you don't really understand the concept very well, at least from my point of view, and really it is better to get to a status of overaccumulation before you really start to withdraw from your bitcoin stash, and it can take a while to get to such status.. which is part of the reason that frequently we talk about accumulating bitcoin for 4-10 years and beyond... and perhaps reassessing at various points in time.

This thread is about accumulating bitcoin and sure it is good to have goals to get to overaccumulation status, yet you probably should not be rushing the process and you probably should be figuring out ways that you have really understood the ideas of overaccumulation before you start thinking about selling bitcoin before you have even reached enough or more than enough bitcoin to be able to go down that path. 

You Obulis have been registered on the forum for merely two years, and I have trouble imagining anyone being able to get to overaccumulation status in merely two years, unless perhaps you were able to front load your investment in early 2024 or something like that, or maybe you got started with your bitcoin accumulation prior to your registering in on the forum?

 

If I grab the idea of sustainable withdrawal,
Applying sustainable withdrawal is a way of paying self as Bitcoin price increases above the initial dollars input by withdrawing what is on top leaving your main capital. That's having let say an investor has a total of 100 dollars Bitcoin at 100,000 dollars per BTC and there's increase to 115,000, then you sustainably withdraw what has just added to your 100 dollars worth of Bitcoin leaving your 100 capital untouched.

If you keep doing that, your bitcoin investment will definitely not grow. Because basically, you are continuously taking profits. So, by doing that, you are just saving money rather than investing for the long term. Because if, for example, we imagine that the value of your dollars in bitcoin will double tomorrow and you take all the profits, I think that concept is no different from trading. Because the concept of long-term investment in bitcoin that I know is that we only have to focus on accumulating during the period that we have determined ourselves. So during the accumulation period, we don't need to take profits first, because surely we are not yet at the stage of excessive accumulation of the bitcoin we have. That's why I disagree with your assumption. Perhaps for those who are already at the stage of excessive investment and have been holding for a sufficiently long time—at least two cycles—they can enjoy the profits. But for investors who are still in the accumulation phase, it would be better to focus first on accumulating their Bitcoin.

Maybe a guy who had been investing for 4 years at a fairly steady and regular rate starting from early 2024 like Obulis's forum registration date, then maybe by early to mid-2028, his average costs per BTC might be around $100k or so?  But then we are not sure what the price of BTC would be, yet the more important questions would relate to how many BTC  he had been able to accumulate, rather than if he is able to cash out some of his profits.  Focusing on cashing out profits is surely not getting to the idea of sustainable withdrawal to the extent that profits even matter very much once a guy gets to sustainable withdrawal status, even though surely it seems that the more bitcoin we are able to accumulate, then there may well be times that the compounding value of our holdings will have helped to have had put us into a status of having enough or more than enough bitcoin.  Guys seem to get distracted by whether or not they have profits rather than just ongoingly making sure that they are stacking bitcoin so that at some point down the road, if they do start to sell some of their bitcoin, they are likely just shaving off small amounts of their bitcoin and they might even spend 4-10 years or more accumulating bitcoin, and then another  4 years or so just maintaining the stash without selling any and then maybe after that next 4 year period, then at that point, their bitcoin might be in a sufficient enough size that they can start to withdraw at a rate that might be able to either support their standard of living or maybe to supplement other income soursees that they might have.

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.
So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

No mate, you must not prepare an emergency funds before you can get started with bitcoin accumulation and investment, once you’re able to figure out a discretionary income to use and invest in bitcoin it is advisable you get started immediately with your bitcoin accumulation and along the line you can be preparing some funds for your emergency funds as you’re already ongoing accumulating bitcoin. Emergency funds requires you to have at least 3-4 months of your expenses which is something you can not just be able to build in a day or months, and besides that keeping an emergency funds aside for bitcoin investment whereas you don’t have any bitcoin stash or portfolio to protect doesn’t make real sense, so the most important thing to do first is to be able to get started with your bitcoin accumulation immediately your discretionary income is ready and as time goes on while you’re investment is ongoing, you can be building your emergency funds along side while accumulating and investing in bitcoin. You must not wait to build your emergency funds first before getting started with your bitcoin accumulation and holding for the long term goal.

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

I know I likely already responded to your situation, which is that you likely need to figure out some reasonable amount to invest in bitcoin so that you are not depleting any back up funds that you have, and if you are getting into situations where you need to take out loans, then you are not sufficiently living within your means and you are likely not generating enough discretionary income to be investing into bitcoin.  You should be trying to work up to higher level of investments in bitcoin, so you might well need to start out with smaller amounts so that you never have to sell your bitcoin, and of course, you can build up both your emergency funds and your bitcoin at the same time, yet it sounds as if you already have problems managing your money so you need to figure out ways to not over do things so that you don't put yourself into similar situations in the future so that you dont' have to end up selling any of your bitcoin for 10 years or longer. ..and surely some people might need to take close to 20 years before they might have had been able to build up a large enough bitcoin stash.

[Fara Chan]

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

All strategies have their place and time for each investor, as strategies like buying on a price drop are typically preferred by investment firms with substantial capital and who already own a significant amount of Bitcoin. This means that what you said is clearly true: investors who already own more Bitcoin assets will use slightly different strategies than novice investors. Novice investors should indeed buy more frequently at any price within their available funds, as their goal is to own Bitcoin, not to seek low prices to buy Bitcoin. Therefore, it is clear that each investor can employ different strategies to facilitate their investment efforts over the long term.

[Father111]

That is true, but what I want to emphasize here is not as if this is a risk-free investment and everything is guaranteed because even though we are in bitcoin but we still have to realize from the start that whatever the investment everything has a risk, especially bitcoin which is quite volatile.
But some that I can see even some who discuss in this thread they seem to forget and see bitcoin as risk-free but the fact is not like that.

I know and even now I still feel the benefits are clearly obtained especially when looking at past history and what I have done in recent years of course I have benefited temporarily until now but that does not mean we have to believe that this is risk-free because being in bitcoin will not be like that at any time.

Risk and volatility are not the same thing.

I do like to say that one of the most inevitable things about bitcoin is its volatility, so if we know that volatility is inevitable, then doesn't a known factor become less of a risk?

I think equating volatility to risk is a sloppy way of talking about risk.

This is not meant to make it seem as if volatility and risk are the same thing but in this case I want to show that the timeframe is also important because the longer we are in bitcoin, the less risk we will face because the volatility in bitcoin is very large and when we are here for only daily, weekly, or even monthly as traders do, the greater the risk we will face.

On the other hand, it is important for us to realize that when in bitcoin it is clear that it is not a guarantee tool (as we have agreed in the discussion before this) because it depends on us alone who ensure in ways and steps that have been arranged with the plans we have including money management which of course must be considered as well.

By the way if we already know that bitcoin's price is very volatile, then there should be ways that we can deal with that, which would include creating a budget that accounts for such volatility (so then whether we invest $40 per week, $100 per week or some other amount, then the amount that we choose may well relate to our thoughts about bitcoin's volatility), right?

I agree with you on this because sometimes some of us are too focused on investing but don't take the budget into account. Because the ideal investment scheme is definitely supported by a clear budget but some actually miss this.

No good investors throw all his eggs into one basket however there are various approaches or strategies to accumulating Bitcoin which may not necessarily demand an investor to invest all his income into Bitcoin so as to avoid regrets and selling your Bitcoin during bearish season then experience loses hence DCA may enable an investor to keep accumulating Bitcoin as it value depreciates, more and more.

[Barikui1]

Among the three strategies mentioned an investor who just started accumulating bitcoin or who has not arrived at his accumulation stage should avoid the BUY THE DIP STRATEGY this is not for new investors but for those that has arrived at their accumulation stage because they have already stack portfolio with enough bitcoin. A new bitcoin investor should accumulate using the DCA strategy so that he won't wait for the dip before he can accumulate bitcoin because a new investor is supposed to be accumulating on a regular basis every weeks or every months and hodl for long period of time.

Yea, I agree to everything you said here because most folks here thinks that buying only the dip is for every investor, they mostly don't know that their are levels an investor should get to before he might think of be buying only the dip, level  close to your over accumulation status, but if you are an average or low coiner, you have no business waiting for the dip before buying because that's unreasonable and unwise.
So using the dca accumulating strategy is the ideal way to go about your bitcoin accumulation, then if their is a dip in the market, you might still buy aggressively then if you have a reserve funds in place to carry it out.

[Silikiem]

Of course, everything has its own risks, whether it's investing or trading. Investing in Bitcoin itself may not require much knowledge, but there are many things to consider and prepare before investing.
In my own experience, a lack of funding, such as savings or an emergency fund, ultimately hampered my Bitcoin investment.
So, before investing in Bitcoin, it's a good idea to prepare for the essentials, such as an emergency fund, which is intended to cover sudden problems, including savings.

No mate, you must not prepare an emergency funds before you can get started with bitcoin accumulation and investment, once you’re able to figure out a discretionary income to use and invest in bitcoin it is advisable you get started immediately with your bitcoin accumulation and along the line you can be preparing some funds for your emergency funds as you’re already ongoing accumulating bitcoin. Emergency funds requires you to have at least 3-4 months of your expenses which is something you can not just be able to build in a day or months, and besides that keeping an emergency funds aside for bitcoin investment whereas you don’t have any bitcoin stash or portfolio to protect doesn’t make real sense, so the most important thing to do first is to be able to get started with your bitcoin accumulation immediately your discretionary income is ready and as time goes on while you’re investment is ongoing, you can be building your emergency funds along side while accumulating and investing in bitcoin. You must not wait to build your emergency funds first before getting started with your bitcoin accumulation and holding for the long term goal.

Well, I understand what you mean, and is that how you do it yourself by investing in bitcoin? So you prepare your emergency fund alongside your investments.

I had previously made an investment, but it didn't go well because I didn't prepare an emergency fund. Although I thought I could take out a loan to deal with urgent situations, I didn't do it because I didn't want to get involved in borrowing or lending money, even to people I know. So, I sold the Bitcoin investment I had made.

Yes sure!!, that’s how I do it now, although when I started investing I wasn’t preparing for any emergency funds, I was only just buying as much as I can afford, before I got on the forum and then I learnt how good it is to prepare an emergency funds for my bitcoin investment and not only that I also learnt I can prepare my emergency funds along side while I’m accumulating bitcoin. So what I did was to get my discretionary income first after sorting out my other basic financial needs, the money left with me I decided not to be using all of them for my bitcoin accumulation as I used to before, I invested 45% of it in bitcoin and the remaining 55% was kept for my emergency funds. It’s actually been working for me ever since and I think you should try it out and see. You must not always put all the discretionary into accumulating bitcoin alone, keep some for your emergency and it will really help.