Buy the DIP, and HODL!

[red4slash]

Sometimes greed comes to play in our minds when we feel we’ve seen such good opportunities but it’s important we don’t rush in, follow the process and the strategy you’ve put in place, don’t go putting money for basic needs into bitcoin no matter the price or discount is the daily anthem in this thread.
What you did was just gambling, another reason why you shouldn’t practice such with bitcoin.

As long as we can afford it why not because it can also make us avoid prejudice and waiting too long then when we really feel the price is worth buying then why should we delay it.

In addition, the level of greed that you alluded to actually I would consider this to be the aggressive side that arises from us to make purchases and it can also bear good fruit as long as we do not get out of the discretionary funds that we have because after all when we make purchases (according to the pattern) at some moments for me to be aggressive it can be important but with the guidance of discretionary funds in the sense that we do not get out of the benchmark.
So in this case buying bitcoin is not based on the existing price but based on your discretionary funds when indeed we can manage well and can be aggressive in some moments why wait longer to make a purchase.

[GIF-JOBS]

I dont think there's anyone with the mindset of holding Bitcoin for very long that won't like the DCA method except the person deviate along the line and decide to take profits very early then use strategies that relates with the mindset of a trader to cover up for their actions.

The DCA strategy is more suitable for beginners who are just starting their investment journey, but a time might come after owning a sizable portfolio, you can decide to switch strategies such as doing a lump sum or even buying the DIP since by that time you already own a lot of bitcoins so you won't worry yourself about continuing with the DCA method again. That notwithstanding, every investor figures out a way to manage their investment such that they don't go off track so an investor can still decide to just focus on continuous use of the DCA method if they feel that switching strategies might be problematic to them.

Actually DCA is the safest strategy for beginners mentally, because it does not involve the pressure of timing the market. Usually beginners are naturally very nervous in the beginning, they get nervous after a little bit, that is why it is very important for them to decide to use a stable strategy when starting. First of all, we have to start, stably and for this we need to set our objectives first, not everyone can use the same strategy, in the end no strategy is perfect for everyone. Here it is always necessary to make a decision based on consideration, which is within your ability, and in this case whether you use DCA or any other strategy is your wish, but it is definitely something we can say with confidence that DCA is the best long-term strategy, although not guaranteed, but it is the most possible.

[Nightwatchmare]

Dip is an opportunity to accumulate more bitcoin with less price but I will not advise anyone without a reserve funds to do that, and the reason is because there was a time when there was a dip in bitcoin I was so excited and I wanted to accumulate more bitcoin with less price so I used all my money to accommodate bitcoin and after doing that some weeks later, I became broke and I went to borrow money from someone and it came with interest and that made me dip hands into my bitcoin to settle some bills, and it really affected my psychological reasoning and interest in my bitcoin holding and after coming out from that mess, I decided I will not do same mistake and I started building my reserve funds and when ever there’s a dip I just take money from my reserve funds to accumulate more bitcoin.

I agree dip is an opportunity to accumulate more Bitcoin with less money but i am not concerned to accumulate Bitcoin in dip because i do not know when it will happen, and it will delay me from consistently accumulate Bitcoin and build my way out of low coiner. I am more concerned with accumulating Bitcoin with DCA method because that is the only way i can always accumulate Bitcoin consistently and build my way out of low coiner, and DCA method allows investor to accumulate Bitcoin in dip, so it is good to stick with DCA method that allows you to consistently accumulate Bitcoin both in the uprun and downrun of the market.

[Hardyrobust]

I dont think there's anyone with the mindset of holding Bitcoin for very long that won't like the DCA method except the person deviate along the line and decide to take profits very early then use strategies that relates with the mindset of a trader to cover up for their actions.

The DCA strategy is more suitable for beginners who are just starting their investment journey, but a time might come after owning a sizable portfolio, you can decide to switch strategies such as doing a lump sum or even buying the DIP since by that time you already own a lot of bitcoins so you won't worry yourself about continuing with the DCA method again. That notwithstanding, every investor figures out a way to manage their investment such that they don't go off track so an investor can still decide to just focus on continuous use of the DCA method if they feel that switching strategies might be problematic to them.

The DCA strategy isn't just suitable for beginners, there are old investors that has being accumulating bitcoin using DCA strategy and they are still accumulating bitcoin using DCA strategy. Those investors that wants to be consistent with there bitcoin accumulation prefer using DCA strategy. So it is wrong to think that the DCA strategy is more suitable for beginners. Any long term investors that want to build a good portfolio in bitcoin through consistent accumulation of bitcoin should stick with DCA strategy.

[NewRevelation]

During the dip, it is the best time for a buy order but it actually depends on the plan an investor have for the future and the concept of his investment in mind.

Every time is the best time to buy Bitcoin because every time seems to be a dip for anyone who understands Bitcoin. The price does not remain at one point, it always goes up and down. So, anytime someone buy Bitcoin, they should consider that period as a dip period because the price of Bitcoin can increase at any time, although it can also decrease at any time.Nobody really knows Bitcoin’s next direction, and that is why every time can be an opportunity to accumulate Bitcoin. Thinking that the Bitcoin price will dip further can lead someone not to invest in Bitcoin because it is possible that the price the person is targeting may never drop to that level. It is also possible that even if it drops to that price, the person may wait for a bigger dip. That is how they lose the opportunity, and Bitcoin may recover while they continue waiting for more and more dips.

Shitcoins are terrible investment that should not be hoped on for future benefits because they lack proper fundamentals and are very volatile based on its low liquidity. Bitcoin has proven to be trusted for years to remain consistent in its movements so it's worth the wait

shitcoin did not worth discussing here and I see it as distraction in this thread,it will be better we should focus on Bitcoin discussion,and it the reason why the thread was created for,the only time the shitcoin worth should be discuss here is why should ask questions trying to compare it with Bitcoin investment.for those that have an experience over shitcoin will say that shitcoin is just wast of funds and it never good in any way whether it for short term or long term because many have lost money because they think they can make money from shitcoin as some say it for short term but they still lost,and the reason why is that most shitcoin are created scam people.

There is no tangible reason we should be comparing Bitcoin to shitcoins, as there is a total clear difference between the both and shouldn't be compared at all. Bitcoin is more reliable compared to those shitcoins or crypto projects. Accumulating bitcoin and Holding is much reliable than doing shitcoins whuch mostly are pump and dump.

If not for clarity sake, such questions about shitcoins should not be brought up in a thread such as this as we are all in for investment, and not crypto projets. I believe if carefulness is given and then reading through, there is enough knowledge shared in this thread about bitcoin investment which people should concentrate on

[Jamestown70]

I agree dip is an opportunity to accumulate more Bitcoin with less money but i am not concerned to accumulate Bitcoin in dip because i do not know when it will happen, and it will delay me from consistently accumulate Bitcoin and build my way out of low coiner. I am more concerned with accumulating Bitcoin with DCA method because that is the only way i can always accumulate Bitcoin consistently and build my way out of low coiner, and DCA method allows investor to accumulate Bitcoin in dip, so it is good to stick with DCA method that allows you to consistently accumulate Bitcoin both in the uprun and downrun of the market.

To be honest your approach is not a bad idea, it shows your determination in your Bitcoin investment, as we all know, no one can predict when exactly BTC price will dip or pump but preparing back up funds and/or discretionary fund before time gives you an edge.

While DCAing, you can save smaller percentage from your weekly discretionary fund to until the dip comes, that way you’re still constantly DCAing and saving for the Dip, for example, someone earning up to $500 on a weekly or monthly basis, after sorting out his primary and secondary needs there’s a leftover of probably 20% of his total income as discretionary fund, he decide to use 50% of his discretionary fund for his DCA, 30% for his emergency fund and the other 20% he save it as reserve fund for the dip, that way you can still be consistent on your Bitcoin accumulation and be saving for the dip or lump sum.

[Dunamisx]

Look at how opportunity pass some people by, when the market fall down to $62, 000 some invested by taking advantage of The Fall, even at the initial one that we see the market falling down as low as $60,000 somewhere able to buy before they rise and the second time it fell the that we had it around $62,000 was also another opportunity so have already invested in Bitcoin, just look at the difference now as we have the market around $70,000 and those that have invested are already in profit by just holding within just few days.

[Jamestown70]

Look at how opportunity pass some people by, when the market fall down to $62, 000 some invested by taking advantage of The Fall, even at the initial one that we see the market falling down as low as $60,000 somewhere able to buy before they rise and the second time it fell the that we had it around $62,000 was also another opportunity so have already invested in Bitcoin, just look at the difference now as we have the market around $70,000 and those that have invested are already in profit by just holding within just few days.

As much as the outcome of Bitcoin price is unpredictable, there are many who are optimistic about it growth and and are willing to HODL despite the market condition, while there are others who are short term investors (aka  gamblers), over thinkers, (always thinking about the negative side of the price action), that wants to protect the little profit they’ve gotten and/or getting panic when the price is on a bearish momentum and have sold off with the idea of buying back when the price is bullish, everyone will get a result of their decision one way or the other.

The opportunity has passed those with desperation and those that got panic at one stage or the other of Bitcoin bear price, the idea is to be consistent with a long term plan and investing only with your discretionary funds so you don’t get panic and end up selling at time that is not of your own choosing

[Tonimez]

No one should invest with money outside their discretionary income, if they do that then they are likely traders who are chasing quick profit.

I agree with you on this that no one should invest outside their discretionary income, but by doing so I don't think it's trading because even a smart trading wouldn't be trading with money he can't afford to lose. In my own opinion any investment made outside your discretionary income is gambling, because by doing so, you are gambling with money meant for other things hoping to withdraw it back in a profit when the need have arise of what the money is meant for, because you will definitely withdraw back the money so as to address what the money was meant for either in a profit or in a loss, and that's the reality because  you are going to sell prematurely just to address any of your  basic needs the money is meant for, even though it's not your will.

Are you trying to separate Trading from gambling? Any quick profit based bitcoin handling is purely gambling and it doesn't always end well. Some folks have refused to learn from the past records and they always believe to be smarter each time they recover from a loss and it continues until they are frustrated out of bitcoin completely. There's no point investing outside your Discretionary income since it creates too much tension and stress on you. If investors start focusing on longevity than Trade, I guess the rate of disappointment will reduce.

Look at how opportunity pass some people by, when the market fall down to $62, 000 some invested by taking advantage of The Fall, even at the initial one that we see the market falling down as low as $60,000 somewhere able to buy before they rise and the second time it fell the that we had it around $62,000 was also another opportunity so have already invested in Bitcoin, just look at the difference now as we have the market around $70,000 and those that have invested are already in profit by just holding within just few days.

This is not yet a measure of profit in bitcoin investment as it's only a market situation of highs and lows. It is never late to start buying because you don't know how the price will be by tomorrow. The only consequence of not buying today is that you may end up buying at higher prices or quit investing in bitcoin completely. The idea of measuring profit with the recent movement from $62k to $70k is a Trader's mindset. An investor keeps accumulating and does not see this as a gain. Bitcoin investment is supposed to last for at least 4 to 10 years of HODLing during which several market behaviours must have been experienced and you are unto a more stable price with a cumulative gain per bitcoin.

[Umulala-alala]

I dont think there's anyone with the mindset of holding Bitcoin for very long that won't like the DCA method except the person deviate along the line and decide to take profits very early then use strategies that relates with the mindset of a trader to cover up for their actions.

The DCA strategy is more suitable for beginners who are just starting their investment journey, but a time might come after owning a sizable portfolio, you can decide to switch strategies such as doing a lump sum or even buying the DIP since by that time you already own a lot of bitcoins so you won't worry yourself about continuing with the DCA method again. That notwithstanding, every investor figures out a way to manage their investment such that they don't go off track so an investor can still decide to just focus on continuous use of the DCA method if they feel that switching strategies might be problematic to them.

If you are using the dca strategy to buy bitcoin which has been suitable to you you may not need to switch to strategy if you have money to lump sum you can also lump sum and still be buying gradually using your dca strategy, and when using the dca strategy you can also be buying at the dip since you are consistently buying you could only buy more when ever you meet the dip if you have a reserve fund to buy more.

[avp2306]

Look at how opportunity pass some people by, when the market fall down to $62, 000 some invested by taking advantage of The Fall, even at the initial one that we see the market falling down as low as $60,000 somewhere able to buy before they rise and the second time it fell the that we had it around $62,000 was also another opportunity so have already invested in Bitcoin, just look at the difference now as we have the market around $70,000 and those that have invested are already in profit by just holding within just few days.

I feel bad for those people missed the opportunity to buy at that level, since for sure that they have this thinking that I should buy when Bitcoin drop at the lowest point. For many times that situation happened then regret comes later on. That's why DCA is good with this, because we avoid to do those kind of action. No missing opportunity to buy when market goes down since usually people use this strategy are consistent with their accumulation whatever the price Bitcoin hit at the moment.

If people don't want to regret for those missing opportunity better to choose DCA strategy since this is most convenient also stress free strategy that they can use.

[wmaurik]

There is no tangible reason we should be comparing Bitcoin to shitcoins, as there is a total clear difference between the both and shouldn't be compared at all. Bitcoin is more reliable compared to those shitcoins or crypto projects. Accumulating bitcoin and Holding is much reliable than doing shitcoins whuch mostly are pump and dump.

If not for clarity sake, such questions about shitcoins should not be brought up in a thread such as this as we are all in for investment, and not crypto projets. I believe if carefulness is given and then reading through, there is enough knowledge shared in this thread about bitcoin investment which people should concentrate on

People who are still busy comparing Bitcoin to Bitcoin are those who fundamentally don't fully understand Bitcoin and continue to see flaws in it. In fact, Bitcoin is generally good enough to own and is considered the best long-term investment asset without needing to be compared to anything else in any sector. But for those who still like to compare Bitcoin to other things like shitcoins, I don't think that person is someone who likes Bitcoin. And even if they do buy Bitcoin, it's probably only for a short time because their goal is to find short-term profits of a certain percentage without any desire to hold it long-term. So, there's no need to pay attention to such people because they are not people who will truly want to hold Bitcoin for the long term.

[Agbamoni]

The DCA strategy isn't just suitable for beginners, there are old investors that has being accumulating bitcoin using DCA strategy and they are still accumulating bitcoin using DCA strategy. Those investors that wants to be consistent with there bitcoin accumulation prefer using DCA strategy. So it is wrong to think that the DCA strategy is more suitable for beginners. Any long term investors that want to build a good portfolio in bitcoin through consistent accumulation of bitcoin should stick with DCA strategy.

The DCA strategy is for everyone, but most importantly, it is good for beginners, given their lack of market experience. An experienced investor should by now know the strategy that best fits their risk tolerance and goals. An investor with a sustainable portfolio, regardless of the strategy used for investing at a time, will see reasons to adopt the DCA strategy.

[Jewan420]

People who are still busy comparing Bitcoin to Bitcoin are those who fundamentally don't fully understand Bitcoin and continue to see flaws in it. In fact, Bitcoin is generally good enough to own and is considered the best long-term investment asset without needing to be compared to anything else in any sector. But for those who still like to compare Bitcoin to other things like shitcoins, I don't think that person is someone who likes Bitcoin. And even if they do buy Bitcoin, it's probably only for a short time because their goal is to find short-term profits of a certain percentage without any desire to hold it long-term. So, there's no need to pay attention to such people because they are not people who will truly want to hold Bitcoin for the long term.

We often forget that Bitcoin is a financial system or financial asset before an investment asset. We often ignore this fact. When you look at Bitcoin as a financial system, you will not find any competitor to Bitcoin. Bitcoin is the most widely used crypto for transactions.

We also see Bitcoin’s monopoly in the investment asset category, we have repeatedly proven that in the long term, it is difficult to find any other asset as bullish as Bitcoin, especially in the case of shitcoins. Yet we will see people who ignore Bitcoin’s success and sing the false praises of shitcoins. We can certainly ignore them and continue our journey with Bitcoin.

[leo96]

The DCA strategy isn't just suitable for beginners, there are old investors that has being accumulating bitcoin using DCA strategy and they are still accumulating bitcoin using DCA strategy. Those investors that wants to be consistent with there bitcoin accumulation prefer using DCA strategy. So it is wrong to think that the DCA strategy is more suitable for beginners. Any long term investors that want to build a good portfolio in bitcoin through consistent accumulation of bitcoin should stick with DCA strategy.

The DCA strategy is for everyone, but most importantly, it is good for beginners, given their lack of market experience. An experienced investor should by now know the strategy that best fits their risk tolerance and goals. An investor with a sustainable portfolio, regardless of the strategy used for investing at a time, will see reasons to adopt the DCA strategy.

DCA strategy is important for everyone, whether they are new or old to Bitcoin. But it is more important for beginners because they do not have any risk from the amount they invest in Bitcoin. And those who are experienced or old understand that they have to buy dips at any time. However, there are many experienced people who still use DCA strategy to maintain their consistency. And so DCA is important for everyone but important for beginners.

[ASloveapg]

The DCA strategy isn't just suitable for beginners, there are old investors that has being accumulating bitcoin using DCA strategy and they are still accumulating bitcoin using DCA strategy. Those investors that wants to be consistent with there bitcoin accumulation prefer using DCA strategy. So it is wrong to think that the DCA strategy is more suitable for beginners. Any long term investors that want to build a good portfolio in bitcoin through consistent accumulation of bitcoin should stick with DCA strategy.

The DCA strategy is for everyone, but most importantly, it is good for beginners, given their lack of market experience. An experienced investor should by now know the strategy that best fits their risk tolerance and goals. An investor with a sustainable portfolio, regardless of the strategy used for investing at a time, will see reasons to adopt the DCA strategy.

It is very important for beginners to start with a stable consistent strategy at first, and DCA can be a good start for this, because it helps to create a habit of regular investment without worrying too much about the market's rise and fall. It reduces the stress of temporary market volatility for them, it is a very strategic method.

By maintaining this method, we should be consistent and, if we have good financial capacity, then maintaining DCA will create the ability to understand the market situation later, then through research, if we can take advantage of dip prices due to short-term market volatility, then it will be more effective and logical to structure our portfolio better. However, such decisions must be made based on financial capacity, because nothing in excess is good, and if we decide to do them beyond our capacity, we will be more likely to get negative results from them, because this is a long-term investment and we will get results only in the long term, that is why we should invest with money that we can keep for the long term.

[Tamaperdana]

The DCA strategy is more suitable for beginners who are just starting their investment journey, but a time might come after owning a sizable portfolio, you can decide to switch strategies such as doing a lump sum or even buying the DIP since by that time you already own a lot of bitcoins so you won't worry yourself about continuing with the DCA method again. That notwithstanding, every investor figures out a way to manage their investment such that they don't go off track so an investor can still decide to just focus on continuous use of the DCA method if they feel that switching strategies might be problematic to them.

I believe that if someone is comfortable using a strategy like DCA to accumulate Bitcoin, it's best not to change their buying strategy. I believe DCA is superior, and it's not only suitable for beginners, but also for those who have been investing in Bitcoin for a while. Therefore, I believe that unless there's a compelling reason, it's best not to change your Bitcoin buying strategy. We can see El Salvador and Saylor, who have significant funds, still using DCA. Therefore, for those of us who may not have as much capital as Saylor, the DCA strategy is clearly a very appropriate strategy to use. Furthermore, by consistently using one strategy, I believe our planning will feel more structured in Bitcoin investing. Therefore, we should focus on one strategy if possible.

[AuchanX]

People who are still busy comparing Bitcoin to Bitcoin are those who fundamentally don't fully understand Bitcoin and continue to see flaws in it. In fact, Bitcoin is generally good enough to own and is considered the best long-term investment asset without needing to be compared to anything else in any sector. But for those who still like to compare Bitcoin to other things like shitcoins, I don't think that person is someone who likes Bitcoin. And even if they do buy Bitcoin, it's probably only for a short time because their goal is to find short-term profits of a certain percentage without any desire to hold it long-term. So, there's no need to pay attention to such people because they are not people who will truly want to hold Bitcoin for the long term.

We often forget that Bitcoin is a financial system or financial asset before an investment asset. We often ignore this fact. When you look at Bitcoin as a financial system, you will not find any competitor to Bitcoin. Bitcoin is the most widely used crypto for transactions.

We also see Bitcoin’s monopoly in the investment asset category, we have repeatedly proven that in the long term, it is difficult to find any other asset as bullish as Bitcoin, especially in the case of shitcoins. Yet we will see people who ignore Bitcoin’s success and sing the false praises of shitcoins. We can certainly ignore them and continue our journey with Bitcoin.

If we only look at Bitcoin as an investment asset, it is seen as a single party for us. Bitcoin should also be seen as a complete financial system for our lives. However, the reality is that Bitcoin's strength is mainly its decentralization. Security and a fixed supply of 21 million. We also know that the network has been running uninterrupted for more than 15 years. Which is the biggest proof of its stability and security for us.
And besides, Bitcoin has shown strong performance in the long term as an investment asset. But there is also no denying that Bitcoin is highly volatile.  So blind support is not reasonable. Similarly, promoting shitcoins without foundation is not the solution. However, I think the biggest reason behind promoting shitcoins in the crypto market is the greed for short-term profits and marketing hype. As far as I know, there are many projects that promise high returns in a short time and create a quick pump. But they cannot survive in the long term. As far as I know, thousands of altcoins have disappeared or become practically inactive in the past few cycles. But Bitcoin has survived for more than 15 years. I have nothing more to say than that.

[Solokan]

I dont think there's anyone with the mindset of holding Bitcoin for very long that won't like the DCA method except the person deviate along the line and decide to take profits very early then use strategies that relates with the mindset of a trader to cover up for their actions.

In my opinion, there are those who hold BTC for the long term, some who like DCA, and some who don't. Like those who learned about BTC earlier, such as when the price was low, I think quite a few use the lump sum technique to buy BTC and hold it for the long term. In my opinion, in this case, it's not only people who use DCA who hold BTC for the long term; there are also many who hold BTC strongly for the long term.

So, in my opinion, buying BTC is easy using any technique, but the difficult part is when we face temptations like high BTC prices. Sometimes, quite a few people fail to invest long-term in BTC because they are tempted by small profits.

[Makus]

The DCA strategy is more suitable for beginners who are just starting their investment journey, but a time might come after owning a sizable portfolio, you can decide to switch strategies such as doing a lump sum or even buying the DIP since by that time you already own a lot of bitcoins so you won't worry yourself about continuing with the DCA method again. That notwithstanding, every investor figures out a way to manage their investment such that they don't go off track so an investor can still decide to just focus on continuous use of the DCA method if they feel that switching strategies might be problematic to them.

I believe that if someone is comfortable using a strategy like DCA to accumulate Bitcoin, it's best not to change their buying strategy. I believe DCA is superior, and it's not only suitable for beginners, but also for those who have been investing in Bitcoin for a while. Therefore, I believe that unless there's a compelling reason, it's best not to change your Bitcoin buying strategy. We can see El Salvador and Saylor, who have significant funds, still using DCA. Therefore, for those of us who may not have as much capital as Saylor, the DCA strategy is clearly a very appropriate strategy to use. Furthermore, by consistently using one strategy, I believe our planning will feel more structured in Bitcoin investing. Therefore, we should focus on one strategy if possible.

There is no doubt the DCA strategy is one of the best( if not the best) strategy as it cut across all levels of financial capabilities it's ok to stick with it alone as a newbie until the consciousness of continually buying becomes a habit. After you've achieved the habit of continually buying you can decide to try out other strategies which shouldn't derail from the continually buying principle, like buying the dip weekly, or aggressively front loading your bitcoin which could be a lump sum buy continually or switching back to the DCA after one lump sum.
Microstrategy isn't just using the DCA strategy they are employing an advanced strategy, by using huge purchasing power to aggressively accumulate bitcoin on irregular basis but within short time span. In other words they are combining the DCA and lump sum strategy to accumulate bitcoin. The most important thing to understand here is, they're accumulating according to their capability and what they're comfortable with. So irrespective of the strategy you feel like using consistency and not exceeding your financial capability should be your priority.