Buy the DIP, and HODL!

[Silikiem]

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I think your priority right now as a newbie bitcoin investor should be focused on figuring out a discretionary income to use and accumulate bitcoin regularly using the DCA method to buy either weekly or monthly basis depending on how your discretionary income flows and hold for the long term purpose to gradually build up your portfolio, instead of you worrying about the dip as you are doing. With the DCA method you have no limitation to your accumulation of bitcoin as you can be able to buy bitcoin at any market price and with any available discretionary income amount to you even as low as $5.
Not only that, with the DCA method you can be able to lump sum buy especially if an extra or additional money comes to you even while you’re ongoingly buying bitcoin regularly with the DCA, and same thing when the dip presents itself you can also seize the opportunity to accumulate more at such a reduced price provided you have the reserve funds to do so at such periods. For now, it’s advisable you focus on regular buying and hold for the long term goal and gradually build up your portfolio rather that waiting to buy in the dip.

[Akaenyi]

I think that older members have a role to play too, cause I see no reason why an older member would mention things that would deviate people's focus from investing in Bitcoin which has been the main point of focus from the onset, maybe lots of us that's been following the thread for a while might refuse to be misled since we already know that Bitcoin is best for investment and our focus should be accumulating more of it.

 However, how about newbies who come here to gain knowledge, those who are still confused on the coin they'll investment in and trying to be focused on learning from useful informations of this thread but end up seeing an older member encouraging them to focus on coins that could cause them more harm than good. We should try our best to pass good informations to newbies as we increase our own knowledge too, instead of trying to mislead them.

Some old guys here are shitcoiners and will everything they can to drag some other persons to their shit especially newbies, it is now left for newbies here to ask question, learning starts with questions, if any newbie is ready to learn you'll noticed by the way he position his question, come to think of it, how will an old member that knows that Bitcoin investment remains the best investment as far as digital assets are concerned will want to distract the mindset of newbies when he knows that random projects are not encouraged here.
People that had been here for long are supposed to encourage newbies to invest in Bitcoin and also outline the steps that will be easy and more easy for them to invest without engineering any setback, I owe newbies something, which telling them what they need to know when they ask question about how they can invest in Bitcoin here.

I like this forum because it is very broad and has sections for different kinds of people and their ideologies, if you want to discuss shitcoins and the latest ones in town there is altcoins discussion board for that. In this board and specifically on this thread it will be misleading for any experienced forum members to encourage newbies to buy shitcoins.

I know from some of my friends experiences that have lost a lot of their money when they bought many hyped shitcoins that I find disrespectful to mention their shitty names here. I will rather focus on Bitcoin that has shown that it can reach ATH if you hold for long, it is a guarantee that you cannot get from holding shitcoins, they have proven not to have potentials that Bitcoin has.

[Obulis]

To those plebs who want to gamble in shitcoins because they want a higher short-term average ROI than trading Bitcoin, I believe a better asset to trade is Strategy stock, MSTR.

It will surge when Bitcoin surges, BUT it might surge more - doing the same pattern like the last time Bitcoin surged.

 

Omg I don’t really understand what you’re talking about, buying shitcoins is always a risk as much as you would possible end up getting yourself in trouble with playing with shitcoins.

Why should we be trading bitcoin at the first place, that is a very terrible thing to do when buying bitcoin.

Why do I have to rely on MSTR when I can buy bitcoin and hold bitcoin myself.

Its weird how you’re dishing out trading advice to people here, how they should be having that strategy of trading bitcoin when it eventually surges, I think it’s a very ridiculous thing to do when you can possibly hold bitcoin for a long term.

It’s totally misleading for newbies and beginners who have a true intention of investing in bitcoin for a long term purpose.

Well I have said it several times here that waiting to buy the dip is always a strategy for Bitcoin traders, well now I believe I have been vindicated.

Wondering how someone will be waiting for Bitcoin to dip before they buy but has the gods to buying shitcoins!
For me it's a no no go area because if waiting for the dip is to reduce risk and increase gains and whatever reasons, then what is buying shitcoins? I guess it is highest risk, so probably unnecessary.
A newbie who actually wants to have their resources work for them should avoid gambling with their funds as long as Bitcoin is concerned and can't be thinking of buying shitcoins.

[CryptoYar]

[...]

Yes you are correct that you should not put all of your spare money into Bitcoin since you should also have cash safety net since when emergency happens, you are not forced to sell your coins at low price. And in my point of view those who use extra money only will be five times more likely to keep their buys over time since their brains will stay relaxed even with falling prices. I completely agree that investing all money in Bitcoin can be tiring, according to me, most happy investors spend some of their extra money on fun and daily life so that they will not come to hate their investments. My suggestion would be to use budgeting paper to get right balance.

[Muba20]

People in this thread should stay focus on discussions about increasing their holdings thru those strategy usually discussed in this thread. Those other products they mentioned like MSTR and other things really looks good. But for me this is just distraction on our strategy.

Also if I have chance to buy Bitcoin directly I will do it rather than buying some shares from a company that also invest on Bitcoin.

So limiting ourselves to those things gives us huge risk is better since the simplest way to build our portfolio is to stay focus and make sure not make our investing experience similar to gambling.

I think that older members have a role to play too, cause I see no reason why an older member would mention things that would deviate people's focus from investing in Bitcoin which has been the main point of focus from the onset, maybe lots of us that's been following the thread for a while might refuse to be misled since we already know that Bitcoin is best for investment and our focus should be accumulating more of it.

 However, how about newbies who come here to gain knowledge, those who are still confused on the coin they'll investment in and trying to be focused on learning from useful informations of this thread but end up seeing an older member encouraging them to focus on coins that could cause them more harm than good. We should try our best to pass good informations to newbies as we increase our own knowledge too, instead of trying to mislead them.

The real purpose of this thread is to discuss Bitcoin. Those who have been watching here for a long time and have been sharing their opinions have experience in what is good, what is bad and what is risky. And I think most new members trust the opinions of experienced ones. Paying too much attention to other coins can naturally confuse newbies. Each of us should maintain the real purpose of this thread. It is our responsibility and care to give newbies the right information so that the learning environment is not ruined.

[JayJuanGee]

<>

Suppose you have $ 100 discretionary income, you can put 10% of this discretionary income in an emergency fund and invest 10%, so if you build both at the same pace, then your two sides will move forward very balanced

You are giving more importance to your own luxury than investment here. According to your statement, someone has $100 of discretionary income and is only putting 10% of it into an emergency fund and 10% into investments.In reality, this means that he is spending 80% of his discretionary income on luxury. This is a matter of personal preference, but it cannot be presented as a balanced or recommended strategy. It is true that even small amounts of money can have a big impact when it comes to Bitcoin investment. However, if you want to get the most out of Bitcoin, it is better to invest consistently and relatively in a meaningful amount that understands your situation..If someone is thinking of saving for 4-10 years or more, investing 10% of discretionary income can actually produce very slow progress. Especially when the amount of discretionary income is relatively large.

Someone might be investing 10%  of his discretionary income doesn't mean that the person is not serious with his Bitcoin investment, sometimes it may be that the person has another important thing to address financially that may not be part of his basic needs, and when he is done addressing that, he may start buying aggressively with his discretionary income just to cover up for the lost time, or buys with 60% of his discretionary income.

Of course investing 10% of your discretionary income is whimpy, even though frequently we will describe investing 10% of your overall income into bitcoin is a reasonable amount.

Yes, there can be all kinds of reasons that guys end up investing whimpily, and with their discretionary income they have 3 choices in terms of how they treat the funds: 1) invest, 2) save and 3) consume.  Those are the only three choices, and they are choices.  If person has some expenses that he considers to be mandatory or more serious then sure, guys can do what they like and prioritize what they like.

Maybe a guy is saving up for a vacation, and it is going to cost him more than 6 months of his discretionary income to save up for the vacation.. Maybe he is saving up to buy a new cell phone, and he chooses the level of luxury of the cell phone, and if he wants a real expensive one, it might take him several months to save up, and during that time, he is putting bitcoin at a lower priority.

He can choose whatever he likes with his discretionary income, which his actions reflect how serious he is about his bitcoin.   Let's say that when he heard about bitcoin, he was already saving up most of his extra money to buy braces for his daughter, so he already committed to that financially, and maybe it is going to continue to take away from his discretionary income.. and so he puts a high priority on buying braces for his daughte..and maybe once he enters in the program, the maintenance of the braces becomes a monthly expenses rather than being part of discretionary funds, even though in the beginning it started out as discretionary.. but he made the choice already in regards to his priorities.

Though some people's 10% may be very huge, so it doesn't necessarily mean that their accumulation will be very small even though it's just 10%,

Of course, you have to use your own numbers, even if they might be different for other people.  That is part of your freedom in choosing how much priority to give to investing into bitcoin as compared with other places you could put time, energy and value.

but I believe that before an investor decides to invest only 10% of his discretionary income and 10% kept for his emergency funds, I don't  think it's because of luxury.

You are assuming and perhaps even redefining categories.  If you have 80% of your discretionary income that you are spending on consumption, then yeah, maybe at some point that 80% becomes part of your monthly expenses and you no longer have discretion over it.

And, in the end you have to figure out if you are consuming too much with your discretionary funds.. so maybe instead of going out to eat 4 times per month, there is a choice to go out to eat only 1 time per month.  When it comes to discretionary spending, we make choices, even though when we are in relationships, sometimes we have to spend money in various regards to the relationship in order to keep the relationship healthy... and whether we call that money discretionary or a basic monthly expense is not always clear where the line is drawn or if the line should be drawn at that particular point.

There are some guys who might be investing in bitcoin, and they say that there is no way that they are going to cut any of their expenses, so if they think like that their only choice may well be to increase their income.  We know that there are trade offs, and sometimes we might have to think and rethink the trade offs that we are making and/or the trade offs that we are willing to make.

There can always be more and more things that come up that distract from investing, and so none of us should be claiming that the choices are easy - even if some guys do have financial circumstances (and relationships) that are less complicated than others, and surely anyone who has a lot of complications in his expenses and/or his income then he likely has to hold more back up funds to make sure that he does not accidentally put himself into a situation in which he doesn't have any more options.. or that he won't be able to invest as much into bitcoin as he would like and/or he ends up having to tap into his bitcoin at a time that was not at a time of his choosing..

They may have very important projects they may be trying to carry out which is not part of their day to day needs, which might be renovations of their home they may be saving for or some other important things they need in other to make their lives easy.

Sure.  That means they had chosen to put higher priority to those projects rather than bitcoin, and it also might mean that once the project is done then they will have more money available.  Some folks might have obligations that predate their involvement in bitcoin, which maybe those are expenses rather than their discretionary income, since at a certain point, certain expenses are no longer optional... which means that you can no longer call those expenses discretionary.

Someone might be investing 10%  of his discretionary income doesn't mean that the person is not serious with his Bitcoin investment, sometimes it may be that the person has another important thing to address financially that may not be part of his basic needs, and when he is done addressing that, he may start buying aggressively with his discretionary income just to cover up for the lost time, or buys with 60% of his discretionary income.
Though some people's 10% may be very huge, so it doesn't necessarily mean that their accumulation will be very small even though it's just 10%, but I believe that before an investor decides to invest only 10% of his discretionary income and 10% kept for his emergency funds, I don't  think it's because of luxury. They may have very important projects they may be trying to carry out which is not part of their day to day needs, which might be renovations of their home they may be saving for or some other important things they need in other to make their lives easy.

Yes, investing 10% doesn't mean someone is afraid of investing what others might consider a small amount. However I completely agree as you said earlier sometimes someone invests 10% because they still have a lot to deal with in meeting their daily needs. One example is someone with a low income who might still be willing to invest a small amount of their income even 10%, simply to accumulate Bitcoin for the long term with the goal of setting aside some regardless of their life needs.

For that person they feel proud of their Bitcoin investment even though the results may not be that significant according to those with higher incomes. However with 10% they still dare to save. Sometimes after investing 10% they don't even have an emergency fund left. However they are confident enough to continue investing because they are able to meet all their family's daily needs.

There is a difference with investing with 10% overall and 10% from your discretionary funds.  The numbers are different, and if someone is investing 10% from his income, then presumptively all of that money is within the category of discretionary funds.

Historically, 10% has been a reasonable target investment/saving rate for anyone who has regular income, and surely there might need to be adjustments to the kinds of things that guys buy in order for them to be able to regularly invest 10% of their income into bitcoin.   

10% of discretionary income invested into bitcoin is quite whimpy, yet it is true that some folks are limited in regards to how much they are able to invest, and surely some folks have little to no discretionary income, so if they are not able to establish that they have discretionary income then they should not be trying to invest into bitcoin, since if they are using money that they need, then they are trading and/or gambling rather than investing, and investing into bitcoin should have a 4-10 year or longer investment timeline in order to be investing rather than trading/gambling. 

Personally, I don't recommend trading and/or gambling with bitcoin, even though I recommend investing in bitcoin and you need discretionary funds to be able to invest in bitcoin.

[ejikeme24]

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I think your priority right now as a newbie bitcoin investor should be focused on figuring out a discretionary income to use and accumulate bitcoin regularly using the DCA method to buy either weekly or monthly basis depending on how your discretionary income flows and hold for the long term purpose to gradually build up your portfolio, instead of you worrying about the dip as you are doing. With the DCA method you have no limitation to your accumulation of bitcoin as you can be able to buy bitcoin at any market price and with any available discretionary income amount to you even as low as $5.

Not only that, with the DCA method you can be able to lump sum buy especially if an extra or additional money comes to you even while you’re ongoingly buying bitcoin regularly with the DCA, and same thing when the dip presents itself you can also seize the opportunity to accumulate more at such a reduced price provided you have the reserve funds to do so at such periods. For now, it’s advisable you focus on regular buying and hold for the long term goal and gradually build up your portfolio rather that waiting to buy in the dip.

you seem to be making things difficult for  @ Timotech  in your first paragraph you suggest that he should adopt the DCA strategy which is fine and clear, now you're also recommending him to lump sum buying. don't you think that he might be confused as he may not know the one to chose among the two strategy you just mentioned? I know for a fact that lump sum buying is not limited to some set of people both Old and new can go with it, but my personal advice is that newbies should focus on accumulating Bitcoin using the DCA strategy until they are strong enough to take bigger risk.

[Derekfunds]

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I think your priority right now as a newbie bitcoin investor should be focused on figuring out a discretionary income to use and accumulate bitcoin regularly using the DCA method to buy either weekly or monthly basis depending on how your discretionary income flows and hold for the long term purpose to gradually build up your portfolio, instead of you worrying about the dip as you are doing. With the DCA method you have no limitation to your accumulation of bitcoin as you can be able to buy bitcoin at any market price and with any available discretionary income amount to you even as low as $5.

Not only that, with the DCA method you can be able to lump sum buy especially if an extra or additional money comes to you even while you’re ongoingly buying bitcoin regularly with the DCA, and same thing when the dip presents itself you can also seize the opportunity to accumulate more at such a reduced price provided you have the reserve funds to do so at such periods. For now, it’s advisable you focus on regular buying and hold for the long term goal and gradually build up your portfolio rather that waiting to buy in the dip.

you seem to be making things difficult for  @ Timotech  in your first paragraph you suggest that he should adopt the DCA strategy which is fine and clear, now you're also recommending him to lump sum buying. don't you think that he might be confused as he may not know the one to chose among the two strategy you just mentioned? I know for a fact that lump sum buying is not limited to some set of people both Old and new can go with it, but my personal advice is that newbies should focus on accumulating Bitcoin using the DCA strategy until they are strong enough to take bigger risk.

Perhaps you are the one misunderstanding what Timotech is saying, Timotech didn't say an investor should select among the two strategy rather the folk is saying that an investor can still be using the DCA method to accumulate Bitcoin but if there is an extra funds from the discretionary that an investor can also use it if there is Dip and it is very correct. And lastly, lump summing is not about been a newbie or not or how strong someone is rather it is about capacity I mean how huge or big someone discretionary income is.

[Silikiem]

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I think your priority right now as a newbie bitcoin investor should be focused on figuring out a discretionary income to use and accumulate bitcoin regularly using the DCA method to buy either weekly or monthly basis depending on how your discretionary income flows and hold for the long term purpose to gradually build up your portfolio, instead of you worrying about the dip as you are doing. With the DCA method you have no limitation to your accumulation of bitcoin as you can be able to buy bitcoin at any market price and with any available discretionary income amount to you even as low as $5.

Not only that, with the DCA method you can be able to lump sum buy especially if an extra or additional money comes to you even while you’re ongoingly buying bitcoin regularly with the DCA, and same thing when the dip presents itself you can also seize the opportunity to accumulate more at such a reduced price provided you have the reserve funds to do so at such periods. For now, it’s advisable you focus on regular buying and hold for the long term goal and gradually build up your portfolio rather that waiting to buy in the dip.

you seem to be making things difficult for  @ Timotech  in your first paragraph you suggest that he should adopt the DCA strategy which is fine and clear, now you're also recommending him to lump sum buying. don't you think that he might be confused as he may not know the one to chose among the two strategy you just mentioned? I know for a fact that lump sum buying is not limited to some set of people both Old and new can go with it, but my personal advice is that newbies should focus on accumulating Bitcoin using the DCA strategy until they are strong enough to take bigger risk.

Perherps I think you’re the one who’s misunderstanding me and equally contradicting yourself by not trying to read deep to get the message clearly. I categorically wasn’t recommending him to lump sum, but rather I said it’s better he focus on figuring out a discretionary income to regularly accumulate bitcoin with the DCA method, and if along the line while he’s ongoingly buying bitcoin regularly with the DCA and an extra or additional money comes to him, he can be able to lump sum buy with it if he chooses, and hold to further improve his portfolio for the long term goal.

[NKminer66]

Personally, I don't recommend trading and/or gambling with bitcoin, even though I recommend investing in bitcoin and you need discretionary funds to be able to invest in bitcoin.

you choose are very good personality If you look at Bitcoin, it is really worth it and if we invest in Bitcoin, then we will definitely learn a lot from it. It also has many advantages for us in the market, although we should invest in it according to our pocket. If we want to invest in Bitcoin, then we have $ 100. If we want to grow in Bitcoin, then we should have a sufficient number of Bitcoins for this and when the price starts to decrease, we should also have an investment to dip. Bitcoin is easy to understand, but after investing in it, it is difficult for us to HODL it, which many people do not do.

[Xackie]

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I think your priority right now as a newbie bitcoin investor should be focused on figuring out a discretionary income to use and accumulate bitcoin regularly using the DCA method to buy either weekly or monthly basis depending on how your discretionary income flows and hold for the long term purpose to gradually build up your portfolio, instead of you worrying about the dip as you are doing. With the DCA method you have no limitation to your accumulation of bitcoin as you can be able to buy bitcoin at any market price and with any available discretionary income amount to you even as low as $5.
Not only that, with the DCA method you can be able to lump sum buy especially if an extra or additional money comes to you even while you’re ongoingly buying bitcoin regularly with the DCA, and same thing when the dip presents itself you can also seize the opportunity to accumulate more at such a reduced price provided you have the reserve funds to do so at such periods. For now, it’s advisable you focus on regular buying and hold for the long term goal and gradually build up your portfolio rather that waiting to buy in the dip.

‎What you said is really good and can be helpful for someone who is finding it hard to invest. it is not idealistic for someone to be waiting for dip that might never come. So for us not to waste our precious time, it is better to accumulate in a steady manner which is the DCA like you said. it is more better than chasing price by staying glued to the chart  every time, which is quite exhausting. Then if someone source of income gets more higher along the way, it is economical to increase the money you use to invest as it boost more confidence and growth potential over time. But the important is to stay consistent while doing it .
‎

[Hardyrobust]

To those plebs who want to gamble in shitcoins because they want a higher short-term average ROI than trading Bitcoin, I believe a better asset to trade is Strategy stock, MSTR.

It will surge when Bitcoin surges, BUT it might surge more - doing the same pattern like the last time Bitcoin surged.

 

Omg I don’t really understand what you’re talking about, buying shitcoins is always a risk as much as you would possible end up getting yourself in trouble with playing with shitcoins.

Why should we be trading bitcoin at the first place, that is a very terrible thing to do when buying bitcoin.

Why do I have to rely on MSTR when I can buy bitcoin and hold bitcoin myself.

Its weird how you’re dishing out trading advice to people here, how they should be having that strategy of trading bitcoin when it eventually surges, I think it’s a very ridiculous thing to do when you can possibly hold bitcoin for a long term.

It’s totally misleading for newbies and beginners who have a true intention of investing in bitcoin for a long term purpose.

Well I have said it several times here that waiting to buy the dip is always a strategy for Bitcoin traders, well now I believe I have been vindicated.

Wondering how someone will be waiting for Bitcoin to dip before they buy but has the gods to buying shitcoins!
For me it's a no no go area because if waiting for the dip is to reduce risk and increase gains and whatever reasons, then what is buying shitcoins? I guess it is highest risk, so probably unnecessary.
A newbie who actually wants to have their resources work for them should avoid gambling with their funds as long as Bitcoin is concerned and can't be thinking of buying shitcoins.

It is a nasty idea for anyone to think that it is only safe for them to buy bitcoin when the price is low while they are engaging in buying shitcoin is more riskier. Timing the market when we are still struggling to have a good portfolio in bitcoin isn't a good idea because this will hinder the opportunity of continuous buying. It is the dream of all long term holders to be able to accumulate a reasonable amount of bitcoin in there holding before the anticipated timeline and this can only be achieved through continuous accumulation of bitcoin.

[JayJuanGee]

[edited out]

You did not understand what I said clearly. Rather, you thought the opposite. I never say that a person should pour all his income into Bitcoin. Rather, I repeatedly say that a person's discretionary income, the income from which he can save, invest or enjoy as he wishes. He can distribute that income in various ways according to his situation and preferences.If he wants, he can divide it equally in all three sectors, and if he wants, he can also distribute it differently in unequal proportions. I also say that in the case of Bitcoin, even a small amount of investment can sometimes have a big impact. However, my main point was that a person who is able to invest 30-40% of his discretionary income if he wants, can make slow progress in achieving Over accumulation if he invests 10% of his discretionary income in Bitcoin. Especially when the amount of discretionary income is relatively high.

Shooting to invest 10% of overall income is a reasonable target as long as all of the money is discretionary funds.

Investing 10% of discretionary funds into bitcoin is very whimpy... Sure guys can choose to invest whimpily into bitcoin, yet to me there is value in increasing the level of aggressiveness.. even if it might be 33% of discretionary funds to invest, 33% to save and 33% to consume.

And yeah, I am not proclaiming that there is any strict rule, since guys can choose for themselves, and even they can choose at a whimpy level that is 10% of their discretionary funds.

Volatility is one of the game and it truly becomes an issue when you are focused on the short term investors

Some of us need to learn more about the ways we see the market reacts and how it has always been a volatile one for the benefits of being profitable, because we have a larger market in bitcoin and various people are investing and at the same time some are trading, which are part of all that makes the market more profitable for us, as we know when to buy or sell.

Even there is a theme of buying the dip in this thread, it is not about trading or selling with expectations of buying back at lower prices, which seems to be part of your wrong presumption, especially if you think that trading is more profitable than investing.

Even if we go by your forum registration date, and we consider that maybe you could have invested $200 per week since August 2021, then by now you would have had invested right around $46k, and you would have had accumulated 1.16 BTC. 

Sure it is ONLY slightly more than 4 years of investing into bitcoin, but you would be on a good path in regards to your bitcoin accumulation and with good foundations if you had been investing regularly rather than trying to trade in the last 4-ish years.

Do you want to proclaim that your trading has gotten you better results than regularly buying bitcoin?


What if we extracted out to 8 years and starting from January 2018, then what?  With $200 per week you would have had invested right around $84k and you would have had accumulated 5.5 BTC, which also would be a good place to be, and surely even a better place to be if a person is able to stay consistent and persistent with his bitcoin buying for 8 years rather than 4 years.

Of course investing takes a long time, yet if you end up putting in the selling and trading component then you are gambling with your bitcoin rather than building it up and also throwing yourself into a waiting mindset.

know that patience and discipline matter more than daily prices moves having a good plan and backup income also makes a big difference it really helps one stay calm and stick to your strategy instead of panicking emotionally to the market.

When we have enough time to hold, then regardless of how the market is performing, we may not be moved by them, instead try to go about the way we could keep an eye on more speculations for what to comes thereafter, because we cant go after the market, instead it meets us where we are positioned for it.

You make little sense, and you are likely going to have problems building wealth from bitcoin if you think that selling is part of your technique, especially in the first cycle or two of your investing into bitcoin.

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I don't really know what you meant by limitation in the market where buying the Dip won't be an effective strategy. Well with the way I understood what you said, I think waiting for the Dip before buying or purchasing Bitcoin to grow your portfolio is not effective rather buying the Dip can be join or merge with the DCA method where you can be active in your Bitcoin purchase and also set aside some funds to be use for dip when the opportunity is presented in the market at least this is far better than waiting before buying because the price may not Dip to where we expect it to dip.

Since we have little to no idea if the BTC price is going to go up or down, it is better to just keep buying regularly rather than preparing for dips that might not happen.. especially for newbies.

There could be situations where you might purposefully set aside money for buy the dip, either to supplement some of your DCA buys or to supplement your lump sum buys.

There  could also be situations where newbies invest 80% or more of the DCA amount every week and they hold up to 20% back for possible dip buys that may or may not happen.... So they may feel better, even though they might not really get more BTC for less amounts as might be their intention.

In the end, guys can do whatever they like, yet it seems that serious investors who are looking at 4-10 years or longer, they will be ongoingly buying rather than causing themselves waiting issues rather than building their bitcoin stash on a regular basis.  There is value with ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin rather than screwing around with more whimpy approaches of waiting, even if you might think that you are being smarter, but then you end up with way less bitcoin especially 10-ish years or more down the road.  Each of us does what he likes and after the passage of 10-ish years we can look back and try to figure out if we played it correctly or if we were spending too much time waiting for BTC prices to drop, and not spending enough time buying BTC.

There could be luck in regards to buying dips, yet if a guy is serious about investing into bitcoin, it seems more prudent to rely on skill rather than luck, and skill has to do with ongoingly working on your cashflow so that you can ongoingly buy bitcoin.. Dips may or may not happen, and guys can choose how much time energy and resources into figuring out dips that might not happen as compared with proactively buying on a regular and consistent basis whenever they calculate that their level of discretionary funds are enough for such purchases... and yeah, there might be some weeks and months where the amount of money available is a lot and there may be other weeks and months where the amount available is not a lot.... so DCA and reasonable cashflow management practices allow ongoingly calculating to figure how much to put into bitcoin.  Some guys might already have a system where they put $100 every week, and other guys might have more variation in their amounts based on their income and/or their expenses. .

[PhilosopherKing]

Of course investing 10% of your discretionary income is whimpy, even though frequently we will describe investing 10% of your overall income into bitcoin is a reasonable amount.

Yes, there can be all kinds of reasons that guys end up investing whimpily, and with their discretionary income they have 3 choices in terms of how they treat the funds: 1) invest, 2) save and 3) consume.  Those are the only three choices, and they are choices.  If person has some expenses that he considers to be mandatory or more serious then sure, guys can do what they like and prioritize what they like.

Maybe a guy is saving up for a vacation, and it is going to cost him more than 6 months of his discretionary income to save up for the vacation.. Maybe he is saving up to buy a new cell phone, and he chooses the level of luxury of the cell phone, and if he wants a real expensive one, it might take him several months to save up, and during that time, he is putting bitcoin at a lower priority.

He can choose whatever he likes with his discretionary income, which his actions reflect how serious he is about his bitcoin.   Let's say that when he heard about bitcoin, he was already saving up most of his extra money to buy braces for his daughter, so he already committed to that financially, and maybe it is going to continue to take away from his discretionary income.. and so he puts a high priority on buying braces for his daughte..and maybe once he enters in the program, the maintenance of the braces becomes a monthly expenses rather than being part of discretionary funds, even though in the beginning it started out as discretionary.. but he made the choice already in regards to his priorities.

discretionary income is all about intent, that is why am on the same page with you Mister Jay that the way someone uses their discretionary income reveals their priority. If a person values bitcoin above other luxury it will show in how much they are willing to use in their discretionary income.

To invest a small fraction when a large portion is available, signals a limited conviction in bitcoin. People should not fool themselves, because when you starve your investment, it can hardly grow.

[Crytohillss]

[edited out]

You did not understand what I said clearly. Rather, you thought the opposite. I never say that a person should pour all his income into Bitcoin. Rather, I repeatedly say that a person's discretionary income, the income from which he can save, invest or enjoy as he wishes. He can distribute that income in various ways according to his situation and preferences.If he wants, he can divide it equally in all three sectors, and if he wants, he can also distribute it differently in unequal proportions. I also say that in the case of Bitcoin, even a small amount of investment can sometimes have a big impact. However, my main point was that a person who is able to invest 30-40% of his discretionary income if he wants, can make slow progress in achieving Over accumulation if he invests 10% of his discretionary income in Bitcoin. Especially when the amount of discretionary income is relatively high.

Shooting to invest 10% of overall income is a reasonable target as long as all of the money is discretionary funds.

Investing 10% of discretionary funds into bitcoin is very whimpy... Sure guys can choose to invest whimpily into bitcoin, yet to me there is value in increasing the level of aggressiveness.. even if it might be 33% of discretionary funds to invest, 33% to save and 33% to consume.

And yeah, I am not proclaiming that there is any strict rule, since guys can choose for themselves, and even they can choose at a whimpy level that is 10% of their discretionary funds.

Volatility is one of the game and it truly becomes an issue when you are focused on the short term investors

Some of us need to learn more about the ways we see the market reacts and how it has always been a volatile one for the benefits of being profitable, because we have a larger market in bitcoin and various people are investing and at the same time some are trading, which are part of all that makes the market more profitable for us, as we know when to buy or sell.

Even there is a theme of buying the dip in this thread, it is not about trading or selling with expectations of buying back at lower prices, which seems to be part of your wrong presumption, especially if you think that trading is more profitable than investing.

Even if we go by your forum registration date, and we consider that maybe you could have invested $200 per week since August 2021, then by now you would have had invested right around $46k, and you would have had accumulated 1.16 BTC. 

Sure it is ONLY slightly more than 4 years of investing into bitcoin, but you would be on a good path in regards to your bitcoin accumulation and with good foundations if you had been investing regularly rather than trying to trade in the last 4-ish years.

Do you want to proclaim that your trading has gotten you better results than regularly buying bitcoin?


What if we extracted out to 8 years and starting from January 2018, then what?  With $200 per week you would have had invested right around $84k and you would have had accumulated 5.5 BTC, which also would be a good place to be, and surely even a better place to be if a person is able to stay consistent and persistent with his bitcoin buying for 8 years rather than 4 years.

Of course investing takes a long time, yet if you end up putting in the selling and trading component then you are gambling with your bitcoin rather than building it up and also throwing yourself into a waiting mindset.

know that patience and discipline matter more than daily prices moves having a good plan and backup income also makes a big difference it really helps one stay calm and stick to your strategy instead of panicking emotionally to the market.

When we have enough time to hold, then regardless of how the market is performing, we may not be moved by them, instead try to go about the way we could keep an eye on more speculations for what to comes thereafter, because we cant go after the market, instead it meets us where we are positioned for it.

You make little sense, and you are likely going to have problems building wealth from bitcoin if you think that selling is part of your technique, especially in the first cycle or two of your investing into bitcoin.

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I don't really know what you meant by limitation in the market where buying the Dip won't be an effective strategy. Well with the way I understood what you said, I think waiting for the Dip before buying or purchasing Bitcoin to grow your portfolio is not effective rather buying the Dip can be join or merge with the DCA method where you can be active in your Bitcoin purchase and also set aside some funds to be use for dip when the opportunity is presented in the market at least this is far better than waiting before buying because the price may not Dip to where we expect it to dip.

Since we have little to no idea if the BTC price is going to go up or down, it is better to just keep buying regularly rather than preparing for dips that might not happen.. especially for newbies.

There could be situations where you might purposefully set aside money for buy the dip, either to supplement some of your DCA buys or to supplement your lump sum buys.

There  could also be situations where newbies invest 80% or more of the DCA amount every week and they hold up to 20% back for possible dip buys that may or may not happen.... So they may feel better, even though they might not really get more BTC for less amounts as might be their intention.

In the end, guys can do whatever they like, yet it seems that serious investors who are looking at 4-10 years or longer, they will be ongoingly buying rather than causing themselves waiting issues rather than building their bitcoin stash on a regular basis.  There is value with ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin rather than screwing around with more whimpy approaches of waiting, even if you might think that you are being smarter, but then you end up with way less bitcoin especially 10-ish years or more down the road.  Each of us does what he likes and after the passage of 10-ish years we can look back and try to figure out if we played it correctly or if we were spending too much time waiting for BTC prices to drop, and not spending enough time buying BTC.

There could be luck in regards to buying dips, yet if a guy is serious about investing into bitcoin, it seems more prudent to rely on skill rather than luck, and skill has to do with ongoingly working on your cashflow so that you can ongoingly buy bitcoin.. Dips may or may not happen, and guys can choose how much time energy and resources into figuring out dips that might not happen as compared with proactively buying on a regular and consistent basis whenever they calculate that their level of discretionary funds are enough for such purchases... and yeah, there might be some weeks and months where the amount of money available is a lot and there may be other weeks and months where the amount available is not a lot.... so DCA and reasonable cashflow management practices allow ongoingly calculating to figure how much to put into bitcoin.  Some guys might already have a system where they put $100 every week, and other guys might have more variation in their amounts based on their income and/or their expenses. .

Bitcoin investment is way more about discipline than timing  one can spend endless energy waiting for dips that never come or you can look on improving cash flow and purchasing consistently, steady buys based on what one can actually afford just leave the guesswork some weeks its increase some times is decrease . Flexibility is part of the plan withe the help of D CA cash flow management just like the real sustainable approach.

[Brizi5000]

[edited out]

You did not understand what I said clearly. Rather, you thought the opposite. I never say that a person should pour all his income into Bitcoin. Rather, I repeatedly say that a person's discretionary income, the income from which he can save, invest or enjoy as he wishes. He can distribute that income in various ways according to his situation and preferences.If he wants, he can divide it equally in all three sectors, and if he wants, he can also distribute it differently in unequal proportions. I also say that in the case of Bitcoin, even a small amount of investment can sometimes have a big impact. However, my main point was that a person who is able to invest 30-40% of his discretionary income if he wants, can make slow progress in achieving Over accumulation if he invests 10% of his discretionary income in Bitcoin. Especially when the amount of discretionary income is relatively high.

Shooting to invest 10% of overall income is a reasonable target as long as all of the money is discretionary funds.

Investing 10% of discretionary funds into bitcoin is very whimpy... Sure guys can choose to invest whimpily into bitcoin, yet to me there is value in increasing the level of aggressiveness.. even if it might be 33% of discretionary funds to invest, 33% to save and 33% to consume.

And yeah, I am not proclaiming that there is any strict rule, since guys can choose for themselves, and even they can choose at a whimpy level that is 10% of their discretionary funds.

Volatility is one of the game and it truly becomes an issue when you are focused on the short term investors

Some of us need to learn more about the ways we see the market reacts and how it has always been a volatile one for the benefits of being profitable, because we have a larger market in bitcoin and various people are investing and at the same time some are trading, which are part of all that makes the market more profitable for us, as we know when to buy or sell.

Even there is a theme of buying the dip in this thread, it is not about trading or selling with expectations of buying back at lower prices, which seems to be part of your wrong presumption, especially if you think that trading is more profitable than investing.

Even if we go by your forum registration date, and we consider that maybe you could have invested $200 per week since August 2021, then by now you would have had invested right around $46k, and you would have had accumulated 1.16 BTC. 

Sure it is ONLY slightly more than 4 years of investing into bitcoin, but you would be on a good path in regards to your bitcoin accumulation and with good foundations if you had been investing regularly rather than trying to trade in the last 4-ish years.

Do you want to proclaim that your trading has gotten you better results than regularly buying bitcoin?


What if we extracted out to 8 years and starting from January 2018, then what?  With $200 per week you would have had invested right around $84k and you would have had accumulated 5.5 BTC, which also would be a good place to be, and surely even a better place to be if a person is able to stay consistent and persistent with his bitcoin buying for 8 years rather than 4 years.

Of course investing takes a long time, yet if you end up putting in the selling and trading component then you are gambling with your bitcoin rather than building it up and also throwing yourself into a waiting mindset.

know that patience and discipline matter more than daily prices moves having a good plan and backup income also makes a big difference it really helps one stay calm and stick to your strategy instead of panicking emotionally to the market.

When we have enough time to hold, then regardless of how the market is performing, we may not be moved by them, instead try to go about the way we could keep an eye on more speculations for what to comes thereafter, because we cant go after the market, instead it meets us where we are positioned for it.

You make little sense, and you are likely going to have problems building wealth from bitcoin if you think that selling is part of your technique, especially in the first cycle or two of your investing into bitcoin.

Can it said that there are limitations in the market where buying the dip won’t be an effective strategy. Because it relies on a rebound in the market’s price after dropping

I don't really know what you meant by limitation in the market where buying the Dip won't be an effective strategy. Well with the way I understood what you said, I think waiting for the Dip before buying or purchasing Bitcoin to grow your portfolio is not effective rather buying the Dip can be join or merge with the DCA method where you can be active in your Bitcoin purchase and also set aside some funds to be use for dip when the opportunity is presented in the market at least this is far better than waiting before buying because the price may not Dip to where we expect it to dip.

Since we have little to no idea if the BTC price is going to go up or down, it is better to just keep buying regularly rather than preparing for dips that might not happen.. especially for newbies.

There could be situations where you might purposefully set aside money for buy the dip, either to supplement some of your DCA buys or to supplement your lump sum buys.

There  could also be situations where newbies invest 80% or more of the DCA amount every week and they hold up to 20% back for possible dip buys that may or may not happen.... So they may feel better, even though they might not really get more BTC for less amounts as might be their intention.

In the end, guys can do whatever they like, yet it seems that serious investors who are looking at 4-10 years or longer, they will be ongoingly buying rather than causing themselves waiting issues rather than building their bitcoin stash on a regular basis.  There is value with ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin rather than screwing around with more whimpy approaches of waiting, even if you might think that you are being smarter, but then you end up with way less bitcoin especially 10-ish years or more down the road.  Each of us does what he likes and after the passage of 10-ish years we can look back and try to figure out if we played it correctly or if we were spending too much time waiting for BTC prices to drop, and not spending enough time buying BTC.

There could be luck in regards to buying dips, yet if a guy is serious about investing into bitcoin, it seems more prudent to rely on skill rather than luck, and skill has to do with ongoingly working on your cashflow so that you can ongoingly buy bitcoin.. Dips may or may not happen, and guys can choose how much time energy and resources into figuring out dips that might not happen as compared with proactively buying on a regular and consistent basis whenever they calculate that their level of discretionary funds are enough for such purchases... and yeah, there might be some weeks and months where the amount of money available is a lot and there may be other weeks and months where the amount available is not a lot.... so DCA and reasonable cashflow management practices allow ongoingly calculating to figure how much to put into bitcoin.  Some guys might already have a system where they put $100 every week, and other guys might have more variation in their amounts based on their income and/or their expenses. .

Bitcoin investment is way more about discipline than timing  one can spend endless energy waiting for dips that never come or you can look on improving cash flow and purchasing consistently, steady buys based on what one can actually afford just leave the guesswork some weeks its increase some times is decrease . Flexibility is part of the plan withe the help of D CA cash flow management just like the real sustainable approach.

anyone especially those who are new and those who have not even accumulated any tangible amount of bitcoin in their holding, timing the market and waiting for the dip before buying bitcoin is not a real investor but a trader who is going in for cheap fast profit, which for me i say they are trolling the wrong path of bitcoin because bitcoin is not a get rich quick project, its a long term investment. trying to time the market before buying bitcoin is a dumb thing to do, common sense should tell you that you are only wasting your time doing that because you will end up not getting your required dip. and what if it takes about six years before that dip occur, are you still going to wait and waste six years of your life just to wait for dip so you can buy, when you can easily use those years to gradually buy bitcoin at any market price with a discretionary income regularly and grow your holdings for more better long term gains.

[Solokan]

[...]

Yes you are correct that you should not put all of your spare money into Bitcoin since you should also have cash safety net since when emergency happens, you are not forced to sell your coins at low price. And in my point of view those who use extra money only will be five times more likely to keep their buys over time since their brains will stay relaxed even with falling prices. I completely agree that investing all money in Bitcoin can be tiring, according to me, most happy investors spend some of their extra money on fun and daily life so that they will not come to hate their investments. My suggestion would be to use budgeting paper to get right balance.

Putting all spare money into bitcoin is indeed very risky because when we need money for unexpected expenses in the near future, we could experience losses or gains due to the fluctuating price of BTC. Yes, we still make a profit when we sell BTC at a rising price, but what if the price is falling? Then we will definitely suffer losses. So, you are right in saying that it would be better not to put your reserve funds into bitcoin because it is very risky. However, there are quite a few people who put their reserve funds into BTC, apparently because they are too enthusiastic about investing in BTC, but this is certainly very dangerous because we don't know when the reserve funds will be used. But if we do put our emergency funds into BTC, we won't be affected by inflation, provided we hold onto it for the long term. However, since we don't know when we might need to use those emergency funds, it's better to keep them in the bank so we don't face difficulties when we need to use the money.

[Tonimez]

[...]

Yes you are correct that you should not put all of your spare money into Bitcoin since you should also have cash safety net since when emergency happens, you are not forced to sell your coins at low price. And in my point of view those who use extra money only will be five times more likely to keep their buys over time since their brains will stay relaxed even with falling prices. I completely agree that investing all money in Bitcoin can be tiring, according to me, most happy investors spend some of their extra money on fun and daily life so that they will not come to hate their investments. My suggestion would be to use budgeting paper to get right balance.

Putting all spare money into bitcoin is indeed very risky because when we need money for unexpected expenses in the near future, we could experience losses or gains due to the fluctuating price of BTC. Yes, we still make a profit when we sell BTC at a rising price, but what if the price is falling? Then we will definitely suffer losses. So, you are right in saying that it would be better not to put your reserve funds into bitcoin because it is very risky. However, there are quite a few people who put their reserve funds into BTC, apparently because they are too enthusiastic about investing in BTC, but this is certainly very dangerous because we don't know when the reserve funds will be used.

Bitcoin investment is a good thing when we understand a good Cashflow management system. This will allow you to invest more wisely and still maintain your normal daily life. This is because if you invest wrongly, it can destroy all your entire effort in any slight mistakes. When you are disciplined, you will understand that you are only supposed to invest in bitcoin with your Discretionary income no matter the excitement or FOMO because sometimes if you get carried away and invest with your emergency funds, you may forever regret your actions.

However, your reserved funds can be used for bitcoin investment because it is reserved majorly for aggressive buys or probably buying the dips while still maintaining your DCA approach. A proper cashflow management is the first step to achieving success in bitcoin investment because if you overlook your basic responsibilities, it may not be long and you will regret it and anyone who does not attend to his responsibility because he is investing in bitcoin has already failed. Bitcoin is not a death sentence so you have to keep some money for fun too.

But if we do put our emergency funds into BTC, we won't be affected by inflation, provided we hold onto it for the long term. However, since we don't know when we might need to use those emergency funds, it's better to keep them in the bank so we don't face difficulties when we need to use the money.

It is wrong to invest your emergency funds in bitcoin because you are trying to avoid inflation and you can't be so sure of holding it for a long-term since emergency situation can arise any moment. Emergency funds should be kept in fiat and easily accessible manner so that you can easily access the money for any emergency situation that comes up.

[AuchanX]

trying to time the market before buying bitcoin is a dumb thing to do, common sense should tell you that you are only wasting your time doing that because you will end up not getting your required dip. and what if it takes about six years before that dip occur, are you still going to wait and waste six years of your life just to wait for dip so you can buy, when you can easily use those years to gradually buy bitcoin at any market price with a discretionary income regularly and grow your holdings for more better long term gains.

I have thought of another thing, suppose someone waits for about 6-7 months to buy in DIP. At that time the price increased to $150k. Then it decreased again to $125k. But he thought that this is DIP. The funny thing is, this $125k is much more than the previous price. And in many cases, it is more than the current price. So it can be said that if you wait for this long time and try to time the market, there may be no opportunity for additional profit. Rather, in the end you have to be satisfied with less profit. Better than that, if you don't waste that time, you will buy regularly and slowly, the holding will be in a better position.

[CryptoYar]

Since we have little to no idea if the BTC price is going to go up or down, it is better to just keep buying regularly rather than preparing for dips that might not happen.. especially for newbies.

[...]

Exactly frequent buys of Bitcoin tend to be better than waiting until market drops since it removes worry of trying to guess confused market. By holding cash to wait until it falls, price could actually go up too much that even next drop would be higher in price than one you have now and you would end up with less Bitcoin in long term.

Only way you can be truly good is to make sure that you can keep your daily money coming in in order to continue to buy every day, instead of using up all your mental power trying to stare at charts and to be too scared to buy until crash actually happens. Good point of big investors in more than ten years or even more is to focus on total amount they have collected by doing steady and non stop buying habits and not attempting to rely on luck in order to beat normal ups and downs in market.