Buy the DIP, and HODL!

[Zanab247]

Waiting until one has a large reserve funds that can handle six months expenses effortlessly before starting Bitcoin investment is not a good idea to me.

An investor don't even need to wait until he has a reserve fund before he can get started with his Bitcoin investment, if an investor can just figure out that he has a discretionary income to get started with he is good to start accumulating Bitcoin and hodl then with time reserve floot and emergency fund may now come up but what an investor needed to get started with is if he has his discretionary income at his reach then he can be accumulating Bitcoin using the DCA strategy persistently and consistently and hodl for a long time.

Few investors that have this idea always see good result from their investment, because they will not rush to release their BTC to the market than to hodl until the price of their choice come to reality before they will be smiling to sell.There is one of my close friend that used small amount of money to try this BTC investment and she is doing perfectly well, because she listen to some of the things that cause hodlers not to reach their final destination.

Some of the hodlers that have plenty BTC in their wallets these day started using small amount of BTC to gather what is giving some of them joy today, because they know how much they will achieve when they are ready to sell all the BTC.

[ChocolateBitcoinK]

Furthermore, I don't see any reason why a long term investor would be monitoring the Bitcoin market for positive movement so that he or she would sell and take profit.

That has clearly shown that the surposed investor wasn't sincere when he said he was a long-term investor. Perhaps he was just trying to seek validation and not to be seen as a fair weather investor that are only there for quick profit. Their is this uniqueness in bitcoin that's petty amazing, bitcoin knows who is there to take quick profit and also the die hard investors that are also ready to hold till the end, so as an investor that's trying to play smart on the system all for your self interest, be rest assured that bitcoin will only reward in full for those who were able to stay strong regardless the storm and challenges they have encountered over the years .

If we panic in the normal fluctuations of the market, then it will definitely not be possible to survive here effectively. Those who panic at the slightest fluctuation in such a market and change their decisions to take quick profits, such decisions prove that they are never long-term investors. The most important thing for a real investor is to keep their mindset clear, to have clear goals, if you are investing for the long term, then your mindset must be completely long-term. Because in the end, only those who hold on for the long term can achieve success in the true sense, which we always see real evidence of.

[whiteblue]

A reserve fund is indeed very important, it is a special part of maintaining a safe life, at least 6 months of mandatory expenses, after that we can invest well using discretionary income safely and we can even increase the amount of routine investments when we already have a large reserve fund from discretionary funds, however, I am quite sure that only a few people have a reserve fund, most of people force themselves so that their bitcoin investment does not have a long life because it is dragged down by urgent needs.

What do you mean by "at least six months of mandatory expenses, after that we can invest well using discretionary income" that is very confusing and contradicting and for your information we don't need reserve funds before we can be able to accumulate Bitcoin rather what is needed to start our investment is discretionary income. It is not necessary to save for this long just because we want our investment amount to increase because we can actually be DCAing and making arrangements to increase our discretionary so as to enable us front load whenever there's Dip.

Most think wrongly here about the reserve fund, it is your financial resilience if you might be fired from work or rather your income stops for some reason and that is not a good thing if you do not have a reserve fund then you will sell your bitcoin to finance your life that cannot be delayed therefore this position is very dangerous for those who do not have a reserve fund, because if you have a reserve fund during the period you are looking for new income you still have funds to finance your life without disturbing what you have invested, this is where the logic lies, not to invest so that it is even bigger, I think you understand if explained like this.

[Nightwatchmare]

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

But the real question here is where people's focus is going when they talk about profit? Because profit discussion easily shifts the investor mindset to a trader mindset. Especially for beginners. They get stuck on the question of what BTC is, why it is scarce, how to accumulate, how to avoid forced sell instead of  how much profit will there be before learning these questions. Then Bitcoin becomes a quick profit element for them, not a long-term monetary asset. We all invest in some way or the other in the hope of future benefit or profit. There is no denying this. But profit and profit focus are not the same thing. A disciplined investor knows that profit is important, but he also knows that his job is to make the right plan, accumulate regularly. On the other hand, when beginners listen to profit discussion a lot, they usually start seeing only dollar gains. For this, the aim will be to make profits but that will be after investing for a long time.

But when I often talk about profits, I sometimes think of trading. And now I want to thank you for explaining this in detail to me. It seems like I'll be more enthusiastic about accumulating BTC now, because our goal is to accumulate BTC and hold it for the long term. It's too early to discuss profits, especially since this isn't a trading thread.

So, the point is, everyone wants profits when investing in BTC. But yes, too much talk about profits can sometimes lead beginners to think that investing in BTC for the long term is like trading, when in fact, it's different, isn't it?

Talking about profits why investing in Bitcoin is not a bad idea and it will not make you look like a trader because most people who are investing in Bitcoin are doing it because they want profits at the end of their investments, but what will make you look like a trader is when you talk about selling your Bitcoin investment when you have not hold it up to one full circle. Not everyone holding Bitcoin are moved by profits they will get from Bitcoin investment, some people are just holding Bitcoin because they want to protect themselves from inflation and for them to be fully in control of their money so that no government plan or strategy will affect them.

[Bluedrem]

Of course, it requires awareness and commitment. If it's only temporary and influenced by other investment models, DCA won't work optimally and won't be repeated over and over again. It's crucial to realize that this model helps individuals, or those with aspirations, acquire BTC according to their expectations and capabilities.

Always remember that DCA is the best strategy for long-term investment. You may be able to buy a whole Bitcoin with the amount you earn or the amount of money you have, but for most people, that is not possible, so people are told to invest stress-free and enrich your portfolio by adopting the DCA method. Just as the universe was created from small grains of sand, it is possible to create a large portfolio from small DCA purchases.

[Frankolala]

Most think wrongly here about the reserve fund, it is your financial resilience if you might be fired from work or rather your income stops for some reason and that is not a good thing if you do not have a reserve fund then you will sell your bitcoin to finance your life that cannot be delayed therefore this position is very dangerous for those who do not have a reserve fund, because if you have a reserve fund during the period you are looking for new income you still have funds to finance your life without disturbing what you have invested, this is where the logic lies, not to invest so that it is even bigger, I think you understand if explained like this.

You're not getting the purpose of reserve funds right and you are mistaken your emergency funds to be your reserve funds. Your bitcoin investment can survive without a reserve funds but having a reserve funds is good. It's your emergency funds that should be at least three months of your monthly expenses.

It's your emergency funds that is the life wire to your bitcoin investment i.e if you don't have it on ground and you get fired from work, you will sell your bitcoin investment to survive which is the main reason why every bitcoin investor must have an emergency funds in order for him to successfully accumulate his bitcoin target.

Reserve funds is part of the backup funds and it's more flexible than your emergency funds in the sense that it can be used to do other things in order to prevent you from touching your emergency funds when it's not a real life emergency that occurred.

[Ashawowo(OS)]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

Current crucial moment is the best way keep accumulating bitcoin during DIP price and DCA, if prefer DCA who investing for monthly I think loss opportunity to buy bitcoin during at DIP price. Talking about how much DIP just buy back when bitcoin get dump more than few percent from current higher price and then waiting another time possibility bitcoin will up and down before conflict between Iran and United State end.

Sometime we give opportunity for billionaires buy back many bitcoin during at lower price and our self getting panic to sell it, so change the strategy of investment in bitcoin right now not only buy back during the DCA way but also always prepare fund if bitcoin get dump and make new DIP price.

I respect your opinion, and you do you/decide what to do with your own money and what works for YOU. But personally? I believe that it wouldn't be a very bad idea to BUY NOW during the DIP, and/or if it DIPs further.

  

Why would I wait to buy little by little at a higher price if I could buy during the DIP, no? That would be giving me more units in Bitcoin for the same amount of fiat.

Maybe you  may have accumulated some decent stash and may have gone far in your accumulation journey that you're now settling to buy dips to advance more towards your accumulation target, but this your statement would prove very misleading to a newbie investor that is just starting out on his accumulation journey to wait unnecessarily instead of starting out his accumulation journey and consistently buying and holding to build out some decent stash of Bitcoin for themselves.

It's totally unnecessary to just fold your hands and wait for the dip while you've discretionary income present,
why the wait?
Should the new investor not show more dedication and seriousness by ongoing buying and holding Bitcoin and building out backup funds in the proces?  
New investors have some learning curve in Bitcoin investment which entails good management of cashflow and becoming consistent in their buys and such learning can only be possible if the investor engage practically in his accumulation journey. It's in the best interest of the new investor if he starts immediately he's sure of having discretionary income instead of waiting unnecessarily for the dip which may not end up coming by.

Again delay in starting out may see the investor postponing unnecessarily to invest and may end up not investing at all and would totally miss out on investing into Bitcoin and may regret on the long-run that they missed out investing in one of the most valuable digital asset because unnecessarily waiting when they should've taken action.

[Itz-prisigold]

If a Newbie today decides to invest in bitcoin it will be because they believe there is a chance of them making money from it, it's was probably the same for you as it was for a lot of the people who are investing in bitcoin, we shouldn't be against talks of profit but rather should try to specify the kind profit bitcoin investment brings, what you should be against should be the preaching of short term profit, but there shouldn't be a problem when a person is talking about long term profit, I get trying to protect people who are new to investing in bitcoin but you should know that they are investing in Bitcoin because they want to get profit from it, so just explain to them the kind of profit they should be expecting in the long run rather than completely shutting out any discussion that has PROFIT in it.

The problem about profit mindset is that, it always gives people wrong expectations. You can't come into Bitcoin investment with the mindset that if I hold Bitcoin for long term I will be very rich, that is a wrong investment mindset.  Holding Bitcoin long term does not just automatically guarantee you profit,  so teaching/encouraging new investors to come invest in Bitcoin with the expectation of guaranteed gains can easily create unrealistic expectations,  and it can also leads to emotional decisions when the market moves differently than how they imagined it.

so just explain to them the kind of profit they should be expecting in the long run

Instead of putting your focus on profits,  I will say that the first priority for any new investors should be learning the habits and mindset of a disciplined investor.  That means you should only Invest money that you do not need for your everyday survival, which is your discretionary income and building a consistent habit of gradual accumulation. Investing small amount regularly with your DCA can grow naturally,  but it is important to understand that there is not shortcut or promise of a specific outcome.

A good guidance for any new investors is for them to understand the process, they should know how to manage risk and try to stay consistent,  rather than framing profit as a guarantee or even trying to frame profit as a goal on Bitcoin investment.  So I think the best thing to do is to align your strategy with your capacity, practice the habit of consistency and always prioritize discretionary income, this is actually going to serve you better than  chasing  profits.

[Nheer]

Talking about profits why investing in Bitcoin is not a bad idea and it will not make you look like a trader because most people who are investing in Bitcoin are doing it because they want profits at the end of their investments, but what will make you look like a trader is when you talk about selling your Bitcoin investment when you have not hold it up to one full circle.

Talking about profit is a distraction to your investment plan and also to many beginners here as it will mislead them and of course it's the mindset of a trader so profit should never be the focus of an investor. You will get carried away chasing little profits and they are not really worth it, so why not focus on the bigger picture. The investment is about protecting and preserving your money now to build something greater and achieve your future goals. It's about gradually building wealth for the future so anyone who knows what investment is really about will not really care about taking profits because it's never guaranteed and the more Bitcoin you hold now will determine what you will gain in future.
And mind you not everyone is into Bitcoin investment for the profits, to some it's serves as protection against inflation and freedom.

[Big Dirams]

Talking about profits why investing in Bitcoin is not a bad idea and it will not make you look like a trader because most people who are investing in Bitcoin are doing it because they want profits at the end of their investments, but what will make you look like a trader is when you talk about selling your Bitcoin investment when you have not hold it up to one full circle. Not everyone holding Bitcoin are moved by profits they will get from Bitcoin investment, some people are just holding Bitcoin because they want to protect themselves from inflation and for them to be fully in control of their money so that no government plan or strategy will affect them.

You are totally getting this wrong to be honest. Emphasizing on profits during our investment journey is a very bad approach because profits will always get us pulled away from achieving our future goals, profits chasing will not only mislead us but also it will shorten our investment journey.

 Chasing little profits is not a right process to follow when investing in bitcoin, let have the long term mindset and  hold for future growth that is worth the wait and patience. Investing in bitcoin shouldn’t be about profits because such mindset will lead to selling off our holdings at early stage and that not what we are practicing here, we are investing for future aim. When we put profits as our goals and focus then so many new investors will get the wrong idea and expectation from bitcoin investment.

[Sim_card]

That is why those who want to invest in Bitcoin are advised to start investing only after they have earned the qualifications to be employed and have any kind of discretionary income (regardless of the value of Bitcoin).

It's not a criterion and stop making bitcoin investment look difficult to start because anyone can invest in bitcoin and not a only people with some level of qualifications or employed people only. A trader can invest in bitcoin, a student can invest in bitcoin likewise, a farmer. All a brand new investor needs is his discretionary income and the basic knowledge of bitcoin.

Take note, it's not a must that your discretionary income must come from your monthly income, your discretionary income can come from a gift or sales of abandoned property that is losing value overtime and not useful to you. The moment you have a discretionary income, you are good to start your bitcoin investment no matter how small it is.

What about some people that are employed and their income has no discretionary income, what will you see about that. There's no need you deprive yourself from starting your Bitcoin investment because you want to attain a certain level. Delay is dangerous. It's better to be a low coiner than a no coiner.

[The Founding Titan]

If a Newbie today decides to invest in bitcoin it will be because they believe there is a chance of them making money from it, it's was probably the same for you as it was for a lot of the people who are investing in bitcoin, we shouldn't be against talks of profit but rather should try to specify the kind profit bitcoin investment brings, what you should be against should be the preaching of short term profit, but there shouldn't be a problem when a person is talking about long term profit, I get trying to protect people who are new to investing in bitcoin but you should know that they are investing in Bitcoin because they want to get profit from it, so just explain to them the kind of profit they should be expecting in the long run rather than completely shutting out any discussion that has PROFIT in it.

The problem about profit mindset is that, it always gives people wrong expectations. You can't come into Bitcoin investment with the mindset that if I hold Bitcoin for long term I will be very rich, that is a wrong investment mindset.  Holding Bitcoin long term does not just automatically guarantee you profit,  so teaching/encouraging new investors to come invest in Bitcoin with the expectation of guaranteed gains can easily create unrealistic expectations,  and it can also leads to emotional decisions when the market moves differently than how they imagined it.

There is no investment that that has success guaranteed, not even bitcoin, and then to even talk about getting rich is already a step too far, people should know what they are getting themselves into, what's the point in telling people about one side of a thing and leaving the rest of it out for later, anyone that concludes that investing in bitcoin will automatically make them rich wasn't even an investor in the first place, doing something with the hopes of making profit from it is very different from automatically telling yourself you are going to get rich from it.

so just explain to them the kind of profit they should be expecting in the long run

Instead of putting your focus on profits,  I will say that the first priority for any new investors should be learning the habits and mindset of a disciplined investor.  That means you should only Invest money that you do not need for your everyday survival, which is your discretionary income and building a consistent habit of gradual accumulation. Investing small amount regularly with your DCA can grow naturally,  but it is important to understand that there is not shortcut or promise of a specific outcome.

A good guidance for any new investors is for them to understand the process, they should know how to manage risk and try to stay consistent,  rather than framing profit as a guarantee or even trying to frame profit as a goal on Bitcoin investment.  So I think the best thing to do is to align your strategy with your capacity, practice the habit of consistency and always prioritize discretionary income, this is actually going to serve you better than  chasing  profits.

Having something in mind isn't putting all your focus on it, let's say a friend of yours wants something to invest in and they approach you about it, how are you going to sell the idea of bitcoin to them? There's no way you are even going to have that conversation with them if you don't talk about what they could potentially gain if they decide to invest in bitcoin, granted that you will be telling them that there is no guarantee of success if they invest in bitcoin, there are risks involved but then there are risks involved in every legit type of investment out there, infact if anyone is telling you that an investment doesn't carry any form of risk whatsoever and is 100% guaranteed glto succeed then that person is definitely trying to scam you, so at the end of the day profit is a factor that is considered by a lot of people when they decide to invest in bitcoin, so rather than shutting it out completely it's better to let them know what they are getting themselves into, success might not be guaranteed, but with consistency and discipline and if bitcoin's price performs favourably than their chances are pretty good as long as they can keep accumulating and HODLing for long.

[Cgrexp]

Of course, it requires awareness and commitment. If it's only temporary and influenced by other investment models, DCA won't work optimally and won't be repeated over and over again. It's crucial to realize that this model helps individuals, or those with aspirations, acquire BTC according to their expectations and capabilities.

Always remember that DCA is the best strategy for long-term investment. You may be able to buy a whole Bitcoin with the amount you earn or the amount of money you have, but for most people, that is not possible, so people are told to invest stress-free and enrich your portfolio by adopting the DCA method. Just as the universe was created from small grains of sand, it is possible to create a large portfolio from small DCA purchases.

Investing in DCA method is a psychologically comfortable investment method, especially for new investors. However, DCA strategy does not mean that the possibility of profit is guaranteed unless one can sustain it in the long term by adopting the right strategy. Investing in DCA method is a safe and disciplined method. ‌ Where we combine small amounts of money over the long term to create something big. To survive in the long term, continuity is needed, but success is ensured with the help of continuity, proper strategy, planning, and self-control.

[Itz-prisigold]

Having something in mind isn't putting all your focus on it, let's say a friend of yours wants something to invest in and they approach you about it, how are you going to sell the idea of bitcoin to them? There's no way you are even going to have that conversation with them if you don't talk about what they could potentially gain if they decide to invest in bitcoin, granted that you will be telling them that there is no guarantee of success if they invest in bitcoin, there are risks involved but then there are risks involved in every legit type of investment out there, infact if anyone is telling you that an investment doesn't carry any form of risk whatsoever and is 100% guaranteed glto succeed then that person is definitely trying to scam you, so at the end of the day profit is a factor that is considered by a lot of people when they decide to invest in bitcoin, so rather than shutting it out completely it's better to let them know what they are getting themselves into, success might not be guaranteed, but with consistency and discipline and if bitcoin's price performs favourably than their chances are pretty good as long as they can keep accumulating and HODLing for long.

If I can get you right, you said having something in mind is different from putting your focus on it? Now do you know that having profit in mind, even if you are not fully focused on it, can still trigger emotional reactions, impatient, excitement, most especially in a volatile market like Bitcoin. And trust me just by even thinking about profit, your brain will start to imagine what you can gain, and with this type of imagination, anytime the market dips you might feel anxious or disappointed even if you have not actually made any decisions yet.

You wanting to use profit as a factor or idea to new investors when telling them about Bitcoin is another, but the problem is how you actually present it here:

if bitcoin's price performs favourably than their chances are pretty good

Saying that: "chances are pretty good if Bitcoin performs favorably" my dear that can mislead new investors, they will start expecting outcomes that they cannot control, the truth still remains; profits are not guaranteed and you trying to link it with market moves only risks impatience and emotional decisions.

Instead of you preaching or bringing profits into the discussion, the most important thing is encouraging people to focus on what they can control: which is investing only from their discretionary income, build an habit of consistent accumulation with DCA, and try to practice discipline over the long term. Just see profit as a byproduct of a consistent effort, and not something you need to chase or expect.

[Humblevirus]

Talking about profits why investing in Bitcoin is not a bad idea and it will not make you look like a trader because most people who are investing in Bitcoin are doing it because they want profits at the end of their investments, but what will make you look like a trader is when you talk about selling your Bitcoin investment when you have not hold it up to one full circle.

The point is that, if we have to keep talking about profits from time to time, it will be a distraction to Bitcoin accumulation. This is because most people’s minds will always be focused on how to play smart with Bitcoin investment, such as trying to wait for periods when they can get Bitcoin at a low price, which is not how it should be.Bitcoin price is unpredictable. As an investor, your aim should always be how to build a good portfolio,and that what our discussion should always be,not to constantly talk about profits. The fact is that someone will surely make profits when it is time to make it and take it at the right time.However, if our discussions about profits much time ,it will surely mislead some people especially new investor. They may take the wrong decisions such as selling their Bitcoin at the wrong time.

[Sonia_123]

Discussing profits in BTC communities often does more harm than good, especially for newcomers.

The core issue isn't that profits are bad or shouldn't exist (of course the goal of investing includes potential gains). The problem is how profit stories get weaponized in crypto spaces. When people constantly share screenshots of massive gains, it creates an illusion of easy money. Beginners, who lack experience with market cycles, see these as the norm rather than rare and high risk outcome. This leads many to invest money they can't afford to lose.

If a Newbie today decides to invest in bitcoin it will be because they believe there is a chance of them making money from it, it's was probably the same for you as it was for a lot of the people who are investing in bitcoin, we shouldn't be against talks of profit but rather should try to specify the kind profit bitcoin investment brings, what you should be against should be the preaching of short term profit, but there shouldn't be a problem when a person is talking about long term profit, I get trying to protect people who are new to investing in bitcoin but you should know that they are investing in Bitcoin because they want to get profit from it, so just explain to them the kind of profit they should be expecting in the long run rather than completely shutting out any discussion that has PROFIT in it.

No body is against profit, all they are saying is that you don't put all your focus and attention on profit in other to avoid distraction of your investment because most persons will  now be looking at how much they will be making within a period of time which will be misleading from the original plan of investment and building up process.

The aim of every Investor is profit we all know that either new or old investor but let us think above making only profit in Bitcoin investment but on how to accumulate, front load and hold your bitcoin investment for a long term of two to three cycles or more which will yield more than expected and proclaiming only profit

[Silikiem]

To me I still stand by saying that talking about profit now as a newbie is totally not acceptable because you will lose focus and balance in the achievements of the race in Bitcoin investment, what we should be doing is to teach them how to have patience in their investment and not to concentrate on the profits aspect.

Sometimes I don't understand why we forbid discussing profits, even though the goal of investing is to gain profits. In my opinion, discussing profits is a good thing, as it can encourage beginners to invest in BTC, but it's certainly not coercive. However, teaching patience is crucial, as if we aren't patient when investing in BTC, it will be difficult to hold our BTC for the long term. However, I don't think it's a problem to discuss profits, as there are times when discussing profits is important.

But the real question here is where people's focus is going when they talk about profit? Because profit discussion easily shifts the investor mindset to a trader mindset. Especially for beginners. They get stuck on the question of what BTC is, why it is scarce, how to accumulate, how to avoid forced sell instead of  how much profit will there be before learning these questions. Then Bitcoin becomes a quick profit element for them, not a long-term monetary asset. We all invest in some way or the other in the hope of future benefit or profit. There is no denying this. But profit and profit focus are not the same thing. A disciplined investor knows that profit is important, but he also knows that his job is to make the right plan, accumulate regularly. On the other hand, when beginners listen to profit discussion a lot, they usually start seeing only dollar gains. For this, the aim will be to make profits but that will be after investing for a long time.

But when I often talk about profits, I sometimes think of trading. And now I want to thank you for explaining this in detail to me. It seems like I'll be more enthusiastic about accumulating BTC now, because our goal is to accumulate BTC and hold it for the long term. It's too early to discuss profits, especially since this isn't a trading thread.

So, the point is, everyone wants profits when investing in BTC. But yes, too much talk about profits can sometimes lead beginners to think that investing in BTC for the long term is like trading, when in fact, it's different, isn't it?

Talking about profits why investing in Bitcoin is not a bad idea and it will not make you look like a trader because most people who are investing in Bitcoin are doing it because they want profits at the end of their investments, but what will make you look like a trader is when you talk about selling your Bitcoin investment when you have not hold it up to one full circle. Not everyone holding Bitcoin are moved by profits they will get from Bitcoin investment, some people are just holding Bitcoin because they want to protect themselves from inflation and for them to be fully in control of their money so that no government plan or strategy will affect them.

Before talking about profit it is pertinent that one should check himself to know if actually he’s accumulated a reasonable amount of bitcoin stash to his portfolio or better still gotten his accumulation target or perhaps over accumulation and hold for at least a minimum of 4-10 years. Not When an investors is still in accumulation stage and he’s already talking about profit I think that will be a wrong thinking. The focus for now should be to be able to figure out discretionary income to regularly or perhaps persistently accumulate bitcoin and hold for long term goal to build up a portfolio such that even when the time comes to take the profit while applying the sustainability withdrawal method it won’t affect your bitcoin holdings for the long term goal

[The Founding Titan]

Having something in mind isn't putting all your focus on it, let's say a friend of yours wants something to invest in and they approach you about it, how are you going to sell the idea of bitcoin to them? There's no way you are even going to have that conversation with them if you don't talk about what they could potentially gain if they decide to invest in bitcoin, granted that you will be telling them that there is no guarantee of success if they invest in bitcoin, there are risks involved but then there are risks involved in every legit type of investment out there, infact if anyone is telling you that an investment doesn't carry any form of risk whatsoever and is 100% guaranteed glto succeed then that person is definitely trying to scam you, so at the end of the day profit is a factor that is considered by a lot of people when they decide to invest in bitcoin, so rather than shutting it out completely it's better to let them know what they are getting themselves into, success might not be guaranteed, but with consistency and discipline and if bitcoin's price performs favourably than their chances are pretty good as long as they can keep accumulating and HODLing for long.

If I can get you right, you said having something in mind is different from putting your focus on it? Now do you know that having profit in mind, even if you are not fully focused on it, can still trigger emotional reactions, impatient, excitement, most especially in a volatile market like Bitcoin. And trust me just by even thinking about profit, your brain will start to imagine what you can gain, and with this type of imagination, anytime the market dips you might feel anxious or disappointed even if you have not actually made any decisions yet.

You wanting to use profit as a factor or idea to new investors when telling them about Bitcoin is another, but the problem is how you actually present it here:

if bitcoin's price performs favourably than their chances are pretty good

Saying that: "chances are pretty good if Bitcoin performs favorably" my dear that can mislead new investors, they will start expecting outcomes that they cannot control, the truth still remains; profits are not guaranteed and you trying to link it with market moves only risks impatience and emotional decisions.

Instead of you preaching or bringing profits into the discussion, the most important thing is encouraging people to focus on what they can control: which is investing only from their discretionary income, build an habit of consistent accumulation with DCA, and try to practice discipline over the long term. Just see profit as a byproduct of a consistent effort, and not something you need to chase or expect.

So you cut a part of a sentence and draw your meaning from it rather than reading the whole thing? Or did you intentionally miss the part where I mentioned consistency and discipline, plus I said IF the price performs favourably, 'IF' because it can still go either way, the word IF has a meaning.

Simple question for you as a person because I'm going to assume that you are investing in bitcoin, Do you or do you not want to get profit out of your bitcoin investment after accumulating and holding for the 10, 20, or 30 years you are going to spend accumulating and holding?

[PhilosopherKing]

That is why those who want to invest in Bitcoin are advised to start investing only after they have earned the qualifications to be employed and have any kind of discretionary income (regardless of the value of Bitcoin).

Who on earth told you bitcoin is just for working class people huh? People do not have to be waiting until they are qualified to be employed before starting to buy bitcoin. The necessery factor for investing ongoingly is discretionary income.

 Student can have discretionary income, even someone that has not reach the age of employment can have discretionary income from allowance that they received and so they can use the amount of money that from that allowance that they can afforded to loose to do their investments.

[Alonso_]

The escalating situation in Iran suggests that BOTH Bitcoin investors who like to Buy the DIP and DCA will get more opportunities to purchase more coins with a discount.

 

How low is the discount? No one could predict such things, BUT place your bids and when filled, THEN HODL. Don't let the billionaires buy all of the coins with a discount. Save some of your monthly salary and buy some for yourselves too.

Current crucial moment is the best way keep accumulating bitcoin during DIP price and DCA, if prefer DCA who investing for monthly I think loss opportunity to buy bitcoin during at DIP price. Talking about how much DIP just buy back when bitcoin get dump more than few percent from current higher price and then waiting another time possibility bitcoin will up and down before conflict between Iran and United State end.

Sometime we give opportunity for billionaires buy back many bitcoin during at lower price and our self getting panic to sell it, so change the strategy of investment in bitcoin right now not only buy back during the DCA way but also always prepare fund if bitcoin get dump and make new DIP price.

I respect your opinion, and you do you/decide what to do with your own money and what works for YOU. But personally? I believe that it wouldn't be a very bad idea to BUY NOW during the DIP, and/or if it DIPs further.

  

Why would I wait to buy little by little at a higher price if I could buy during the DIP, no? That would be giving me more units in Bitcoin for the same amount of fiat.

Personally I think everyone have a choice either they want to buy through the DCA on a consistent basis, or they want to keep waiting for the dip before they can possibly buy bitcoin which I think is a very risky move when investing in bitcoin, I can accept that we are going to keep buying bitcoin on a consistent basis, and whenever a dip happens then we can can always take the opportunity of buying bitcoin at a cheaper price, who wouldn’t want to buy bitcoin at a cheaper price, but that would only happen when you have some discretionary money available at a given time interval when the unprecedented dip happens, which is why I have a very common plans of keeping some discretionary money available, and still be buying on a regular basis.