Buy the DIP, and HODL!

[Emjay24]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

Could you do yourself and your mind a little favour in order to focus more in your investment journey by pretending that all that matters is consistent buys and continuous building until you've arrived at your accumulation target and try to keep to it?

One thing we all need to understand is that the mind is a fertile ground that germinates and grows whatever idea we plant on it and if you Tamaperdana can convince your mind not to think about profits for the time being but only to focus on consistency in your regular buys and a means of increasing your income to get more aggressive, your mind would cooperate and you'll see those things you desire playing out to your delight.
Having profit in mind while going about your regular buys would be a sort of distraction to you, sometimes it pays to focus on what is more important at the moment and for an investor still very much in his accumulation journey, building  out a descent stash and going long-term is more important as at now, don't rush things, everything has it's own time, there would be a time to focus on profit taking and sustainable withdrawal strategies when you must've surpassed your targets.

Now is a time to build and there is no need to focus on end results while you're still in the process, at this time, your major focus should be on the process and that is your consistency in accumulating bitcoin.

[Derekfunds]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this and no one comes before this reason of profit but some people go about it in a way that is so much risky which is trading, trying to make profit in a twinkling of an eye and it is not always easy or simple because of volatility. Ordinarily, having the aim to make profit is not wrong but when you try to get it so easily is where the problem lies, nothing good comes so easily.

[Zackz5000]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this and no one comes before this reason of profit but some people go about it in a way that is so much risky which is trading, trying to make profit in a twinkling of an eye and it is not always easy or simple because of volatility. Ordinarily, having the aim to make profit is not wrong but when you try to get it so easily is where the problem lies, nothing good comes so easily.

An investor should first have it in mind that making profit in Bitcoin is never guarantee also when investing an investor should also plan for a long term focusing much on profit will lead to trading because your target will always to be to invest when the price drop and sell when there is a slight increase just to get a little profit, most of them who wishes to trade end up losing because they target short term they might buy and wait for an increase before they can sell and the price started to dip this set of traders can sell in lost in other not to loss more. Bitcoin investment is a long term investment and it should be invested with discretionary income when you profit you take when it doesn't also work as plan you take in a good faith.

[Rockson1]

There are so many reasons why people invest in bitcoin and it is not just only because of profits. There are people that invest in bitcoin because bitcoin act as a hedge against inflation and a good store of value.There are people that invested in bitcoin just to retain wealth and because of profits.There are different reasons why people invest in bitcoin and not only because of profits as you think.

Very correct, we individually have our reasons why we have our investment in Bitcoin, some people like to talk about profit all the time as if that part must be discussed, one thing that get me pissed is that, somebody who has not had a good Bitcoin portfolio or even invested to the level he wants to reach or achieved his goals will be talking about profit, just as you pointed out how some persons reasons for investing in Bitcoin is to use it to store their wealth since they understand how valuable the asset is, I think this to me is a veeyy deep understanding about Bitcoin, I hope those that talk about profit all the time can learn this, who knows if this can reposition their mindset differently from how the see Bitcoin investment.

[Finebone]

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this

Coming into Bitcoin investment with this type of mindset of targeting profit will not only distract you, but it has the potential of making you go into trading full time instead of being more investment oriented, and because your target is by making profit, you will likely sell off your Bitcoin holdings anytime your investment appreciates a little, which is very bad, because small small profit like that can never take you anywhere, instead you will be unable to build up a reasonable stash of bitcoin.
 So I suggest that a Bitcoin investor that is just starting should care more on building his stash of bitcoin, than thinking of profit that will make him to sell his holdings prematurely.

[Obulis]

[edited out].

Surely, the main point is to HODL, and of course, your ability to HODL for long term to an extent depends on the strategy you employed to buy, and how you bought too. So why we make points of HODLing our assets, we must somehow look into how we buy or what strategy we buy with. And at it stands, the DCA strategy still stands out as the best, more easy going, and gives us the ability to invest little by little, easily accumulating Bitcoin from out discretionary income just as we can afford without pressure.

Buying the Dip might keep you waiting till price falls, lump sum might make you want to gather enough more money to before you buy big, but the DCA makes the difference, allowing you to accumulate within your means and grants you ability for consistency, and perhaps, we know that consistency beats anything else. So while we plan to HODL, the DCA makes it easy for us to remain consistent and HODL longer is we invest from the right funds

Your description of lump sum is not correct.  If you are "gathering funds to buy BIG", then you are employing a buying the dip strategy, not a lump sum.  The mere fact that you are using a lot of money (relatively speaking) does not convert buying the dip into lump sum.

Generally speaking the idea of lump sum is either already having a lot of money available (such as a person who is new to bitcoin might have some other investments and/or funds that he his considering putting into bitcoin), or maybe he comes accross additional funds by receiving money by surprise or maybe he decides to generate some extra funds, such as selling a property or selling some other assets in order to consider for putting into bitcoin. It is important to differentiate between DCA, lump sum and buying the dip in their pure forums so that we know what they are and how they differ, even though in practice there may well be times in which we are engaging in some form of BTC buying that is not a pure form but is a cross over or maybe we purposefully might design some of our bitcoin buys in cross over ways, yet if we talk about them, it might confuse others if we are describing them in ambiguous ways.

Oh for example, there could be guys who are purposefully holding back some funds for buying the dip, so each week for the past 10-ish weeks, maybe the guy had purposefully invested 80% of his regular authorization and held back 20% for possibly buying dips (and maybe he has some price in mind or is just "playing it by ear.")   I would call that buying on the dip preparations even though after a few months the amount that he had saved up is way larger than his usual DCA buy amounts. 

On the other hand, let's say that the same guy (as above) was saving using something like the same amount (the 20% taken away from his usual bitcoin buys), and he was saving up to buy a computer, and so after around 10 weeks or maybe even 20 weeks, the guy goes and he buys the computer, yet he ended up buying a less expensive model and/or other ways that he realized that he could get the computer without using much if any of the 20 weeks of savings.  Therefore, all of a sudden the guy has the extra money that had come available.. which maybe he would consider that to be a regular lump sum rather than buying on the dip, since he was not specifically saving that money in relation to his intention to buy more bitcoin with it, even though surely once his computer situation was resolved the money came available.. and another thing that could happen is that the BTC price could dip so much while he was saving up the money for the computer that he decides to change his priorities, and to use the money to buy bitcoin rather than using it for the computer that he had earlier intended to buy... That would also probably be lump sum since he was not holding back for the dip, even though he changed his mind at some point and became inspired to change his authorizations (and his priorities) based on the extent of a dip that ended up taking place during that time.

Giving an "ambiguous" explanation of lump sum!! Lump sum is an instantaneous DCA (like, lump sum can happen anytime without care of the price of Bitcoin), instantaneous DCA as per the fact that DCA strategy doesn't care about the market price, it just keeps buying at due time which is very very different from waiting for the dip.
 Indeed buying lump sum during the dip doesn't really mean waiting for the dip, that there's dip is an unwaited added advantage.

[Richbased]

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this

Coming into Bitcoin investment with this type of mindset of targeting profit will not only distract you, but it has the potential of making you go into trading full time instead of being more investment oriented, and because your target is by making profit, you will likely sell off your Bitcoin holdings anytime your investment appreciates a little, which is very bad, because small small profit like that can never take you anywhere, instead you will be unable to build up a reasonable stash of bitcoin.
 So I suggest that a Bitcoin investor that is just starting should care more on building his stash of bitcoin, than thinking of profit that will make him to sell his holdings prematurely.

This is just the mindset of beginners, they are always eager to take profits even when they haven't built a big portfolio. It is true that everyone is investing to make profits from their investment but the target as a beginner should be on the long term when they must have acquired enough bitcoins. Taking profits when they haven't accumulated a sizable amount is a big deviation from the target as a bitcoin investor. Taking profits should come after we are satisfied with what we have accumulated over the years and not during the process of accumulation.

[NewRevelation]

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.

NO, always remember that what is best for YOU is NOT what is best for ME. This is not a debate in who has a better strategy or who has a smarter strategy. This is about in which strategy YOU are most comfortable in, and we could be using different strategies and arrive to the some destination - HODL.

And because that that, it won't matter how you arrived at HODL.

Keep HODLing.

We should definitely stick to whatever strategy works for us as investors but there is no denying the fact that the DCA is a more favourable strategy when compared to the others, it's also more inclusive since pretty much anybody can use it, the other investment strategies are not that inclusive at all, when compared to the DCA the others have too many parameters to them, you are either buying only when the price is low or you are saving up to buy s lottery at once, the DCA still proves better.

Perhaps in this topic DCA is preferable. But in other online venues like X, or Reddit, Buy the DIP, and HODL is still very popular. But actually saying that it's a "fact" that DCA is better? No, there's no perfect strategy for investing, because if there was, then ALL of the best investors would have been doing that. But they're NOT. They're using different strategies that are working specifically for them.

Sure, people can do what ever they want and/or invest in Bitcoin with aby strategy they want, that wouldn't be an issue. But to me, I still see the DCA strategy as the safest, easy going and enhances consistency, which is the main point in Bitcoin investment. While others are gathering money and waiting for Dip to buy, some buying lump sum with the money they already had either before joining Bitcoin investment or from any other source, the DCA strategy Bitcoin investor is concentrated I'm small but consistent buys. Sometimes too, if he has increased income or discretionary, he can also increase his buys. On and on he keeps going, so long as the income is available.

And sure this strategy is extraordinarily tye best, since in all, it can still offer growth and most especially, offer consistency even in the period when finances aren't much available, and while the Dip investor is waiting for Dip, he is accumulating continually. Isn't that beautiful? For me, the DCA remains the best approach strategy, and of course, as a DCA strategist, you aren't prohibited to buy big or increase buys provided the funds are available.

[Big Dirams]

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

For real man when investing in bitcoin profits shouldn’t be what one prioritizes at all because such mindset will only result into regrets. Bitcoin investment with profits in mind only lead to missing out a lot of opportunities from the market which some opportunities leads to massive returns.
 Accepting profits as part of bitcoin investment might shift our focus when investing in bitcoin and many new users might get the wrong idea of bitcoin investment, so for that to occur why not neglect the profits aspect and focus on the long term journey. To be honest and Frank long term investment in bitcoin is where bigger values lies. 

[Kuchuku]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

Yes, I agree with you. Because one of the reasons why people invest in Bitcoin is to make a profit. Basically, making a profit in investing in Bitcoin is never guaranteed. When investing in Bitcoin, an investor should have a long-term plan. Investing in Bitcoin with an investment mindset is the best way and it should be held for a long time. If you, as an investor, chase profits and benefits from every opportunity to make a profit from the investment plan, then you are losing your opportunity to build wealth at risk. Basically, having the goal of making a profit is not wrong, but when you try to get it easily, problems arise. In terms of making a profit, you should not rush and continue to try to make a profit through long-term investment plans.

[GIF-JOBS]

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

For real man when investing in bitcoin profits shouldn’t be what one prioritizes at all because such mindset will only result into regrets. Bitcoin investment with profits in mind only lead to missing out a lot of opportunities from the market which some opportunities leads to massive returns.
 Accepting profits as part of bitcoin investment might shift our focus when investing in bitcoin and many new users might get the wrong idea of bitcoin investment, so for that to occur why not neglect the profits aspect and focus on the long term journey. To be honest and Frank long term investment in bitcoin is where bigger values lies. 

It happens to many people who are always busy to calculating their profits and losses, they overthink them, and they even worry too much about these things in the short term, which causes them to make wrong decisions. That is why we have to be realistic and responsible, it is certainly not wrong to expect success from Bitcoin, but it is certainly a big mistake to worry too much about it and worry too much about short-term volatility, because it creates a situation where we make wrong decisions. Bitcoin should not be seen only in terms of profit, but should be accepted as a long-term asset and held patiently, it will create a financial foundation for us for the future over time, we should hold Bitcoin for the long term with faith in this possibility. Holding without panic is the most important thing, and long-term holding and accumulating a good amount of Bitcoin should be our main goal instead of worrying about the price.

[PhilosopherKing]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

Dude there is a time for everything. A time to invest ongoingly, add to your stash and have a very good position in bitcoin and then a time for profit. When you are still in the process of an ongoing accumulation by all mean just ignore profit for that time till you reach your target.

I know you are still ongoingly accumulating, so don't blow up your investment by being profit minded. Just ignore profit for now and accumulate because if you don't you can turn trader

[Grease5000]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

Overall, I quite agree with your assumption, but even so, we still can't ignore the concept of profit. Because investment clearly aims for profit, whether in terms of value or nominal value. Therefore, I don't have a big problem with this. The most important thing is that people who invest in Bitcoin should do so for the long term. Otherwise, it's clearly just trading. Therefore, whether they talk about profit or not, as long as Bitcoin investors hold for the long term, I believe they are on the right track. I think it's that simple. If we remove the profit element from Bitcoin investment, I don't think it will work. Because it is an investment asset, and therefore, we cannot separate profit from it.

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this and no one comes before this reason of profit but some people go about it in a way that is so much risky which is trading, trying to make profit in a twinkling of an eye and it is not always easy or simple because of volatility. Ordinarily, having the aim to make profit is not wrong but when you try to get it so easily is where the problem lies, nothing good comes so easily.

An investor should first have it in mind that making profit in Bitcoin is never guarantee also when investing an investor should also plan for a long term focusing much on profit will lead to trading because your target will always to be to invest when the price drop and sell when there is a slight increase just to get a little profit, most of them who wishes to trade end up losing because they target short term they might buy and wait for an increase before they can sell and the price started to dip this set of traders can sell in lost in other not to loss more. Bitcoin investment is a long term investment and it should be invested with discretionary income when you profit you take when it doesn't also work as plan you take in a good faith.

like gold  and other assets.with related value, one of the reason investors buy and hold Bitcoin for.the long term  is that it is seen as a scarce  asset that has a store value that can grow  stronger over time.

[JayJuanGee]

Profit is part of the bitcoin journey but when you build your mindset around making profit on bitcoin then you are thinking of it the wrong way. When investing in bitcoin you should consider it like making plans for your future, consider it as setting goals, choosing a path, creating a timeline for your future.

When all you think about is profit making you are then tend to make wrong decisions in your investment because your emotions are bound to come into your head.

Not just building mindset around profit but building around short-term profit is bad, why are we investing if not to make better profit in the future not near but far future but it's true that an investors mindset shouldn't be centered around profits else it could force the person to sell too quick and cheaply.

 Bitcoin investment would be difficult when people make wrong decisions but doing it rightly would always bring better reward, holding might seem tough for a start but with the right practice and mindset set to achieve a long-term goal then you'll beat every obstacles that makes it seems tough.

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

I have seen investors who simply invest in and hodl Bitcoin because they want to create value for their next generation, just as inheritance. Bitcoin is value, and investors are building good Bitcoin reserves for the future (long-term), not just for profit. The goal of investing in Bitcoin shouldn't just be to make a profit but to create more value.

I hate it when people make statements like this ,you’re talking as if the idea of investing in bitcoin doesn’t revolve around profit making ,why else would a person invest in bitcoin if he or she doesn’t have value growth expectations ?.i see people say this most of the time and I believe that they are not being realistic to themselves, as an investor, it’s better not to focus on short term profit, rather an investor should prioritize long term value and profit but at the same time still be flexible because market isn’t constant and new opportunities may arise and if you lock all your money into one mindset,you might miss a chance to benefit from those new opportunities that arose.

You are the one who is being superficial in your viewpoint Kryptonite788. It like you think that you have everything figured out when you don't.  Profit is not the only motive that people invest into something like bitcoin.  There is hedging, utility, self-sovereignty and likely some other rationale that you can attempt to simplify into "profits" as if profits were the ONLY motivation, when it is not.  I am not proclaiming profits to not be a factor in bitcoin investing, even though you are proclaiming profits as if it were the "ONLY" factor.  

Even though you seem to not understand anything besides profits, at this time, I am not going to elaborate further on these other non-profits ideas to you, since I have already done it several times, and they seem to be beyond your abilities within a know-it-all wannabe perspective.

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

Their is one thing in life many people are still not getting clear, their is no way you can serve two master at the same time, you must surely cherish or be faithful to one than the other. And also you can not eat your cake and also get it back this are common realities of life that state fact.

As an investor that is chasing only temporer gains and benefits by taking profit from your investment plan at every given opportunity then just know you are jeopardizing your future and lifetime opportunity of making wealth because what you are just doing at the moment is satisfying your presence and forgetting about the future and that's so sad. Furthermore, a real dude only think more about the future and to get a generational and a lifetime wealth, a real investor's don't chase profit that can only last for a day rather strive harder and beyond with a strong holding power to get his future and that of his upspring (children) covered.

Thats why the motive or orientation poeple come into Bitcoin matters alot, because to a very large extent, it determines how you go about with your investment journey. That's why it is advisable for plebs to come into Bitcoin with an investment mentality(long term plan). With this been the goal, it becomes easy for them to work towards it, knowing that taking little gains when price is high and buying when price is low is just trading and will not grow your investment rather than keep it retarded and slow it down at a spot.

An investor who commits to consistent buys even though with little amounts using the DCA over the years will gather more and turn better than a trader who concentrates on short time gains. Of course, we know that Bitcoin is best approached with an investment mindset as holding for long is the real deal. This grows your portfolio and puts you on a greater possession side. Its best we invest and not trade.

Orientation is good especially on Newbies. They don't need to learn everything but little things like setting up Wallet and security, enlightening them that Bitcoin is not a quick money making scheme and it's risky, and most importantly how to figure out their Discretionary income. This little foundation will help them to invest with confidence, even if they start with little amount to gradually build their Bitcoin holdings without rushing, panicking, or falling for hype and risky moves.

There is a difference between what is needed to know to get started and what is needed in order to continue to buy bitcoin on a regular basis and to increase aggressiveness in the bitcoin investment.

To start investing in bitcoin, all that is needed is discretionary funds and common sense.  Common sense should likely inform most people to start out slow within their area of competence, so if they are not sure about various aspects of bitcoin, then they likely would adjust their starting out amount in accordance with their level of knowledge, and maybe some guys know, right off the top of their head if they have $100 available or $10  or $1k available... yet if a guy is not really sure about how much money he has available until his next paycheck, then he may need to spend a bit of time looking into that before getting started, and that is largely verifying that discretionary funds are available.

Of course, if a guy had just heard about bitcoin, he might not initially know from where he is going to source his initial purchase(s) of bitcoin, so might need to spend a bit of time looking into possible sources, which could be starting out on an exchange.. or maybe he knows a place (or person) who will sell to him by using cash, so then he has to have his own wallet, so he might need to consider which wallet might be his starting wallet.  

Part of the point that I am making is that getting started does not need much knowledge and/or familiarity about bitcoin beyond determining that discretionary funds are available and having some common sense - yet the longer that a person is investing into bitcoin, such as $100 per week, then he likely would need to investigate into it more and then adjust his level of investment in accordance with his knowledge and/or comfort level.. including coming to a realization that since bitcoin tends to be quite volatile and also tends to be fairly liquid, there is a need to build up back up funds and even to figure out that bitcoin is an investment of 4-10 years or longer, and so in order to make a commitment to investing into bitcoin, rather than trading it or potentially being scared out of it (based on lack of knowledge/familiarity), then strengthening cashflow management (including the building and maintenance of back up funds) is going to be helpful to be able to invest in bitcoin and to hold it for 4-10 years or longer.

Surely, there are some folks who might not know their income and/or expenses trajectory into to the future, especially 4-10 years or more into the future, yet they still might need to consider the extent to which bitcoin is going to fit into their  lives, so their position size and/or their level of aggressiveness in accumulating bitcoin might also relate to their own view of their future and how bitcoin may or may not fit into their future.

[Itz-prisigold]

we’re still saying the same thing my bro, you cannot be a bitcoin investor and not have value growth expectations and long term profit mindset because both value and profit are intertwined. That’s why I said an investor should prioritize long term value and profit but still be flexible at the same time so as to be able to benefit from the many good opportunities that come with market flexibility, smart investors know this .

First of all, I'll explain why this mindset is still not correct. It is not about whether there is a valid reason for profit; it is a question of what you make as the foundation of your mindset.

How can you say someone need to have a profit mindset to be a Bitcoin investor, That's completely shifting the focus to an outcome beyond your control, and once that becomes the core of your belief, it will silently affect your decisions, you will start to look for better entries, react to price movement and always trying to chase opportunities instead of just sticking to your original plan.

Being an investor is not really about expecting returns, it is more about how you move or operate over time. Always be discipline, try to be consistent and only make use of your discretionary income, that is what actually define a true investor. The others things like profit and value growth is just something that may happen and not something any investor should build their mindset around.

And even what you said about value and profit are "intertwined" can also be misleading if someone takes that idea as something they need to rely on. That is just how expectations are formed and having expectations is what usually breaks people's discipline when the market start moving in a way they don't imagine.

[Silikiem]

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.

NO, always remember that what is best for YOU is NOT what is best for ME. This is not a debate in who has a better strategy or who has a smarter strategy. This is about in which strategy YOU are most comfortable in, and we could be using different strategies and arrive to the some destination - HODL.

And because that that, it won't matter how you arrived at HODL.

Keep HODLing.

We should definitely stick to whatever strategy works for us as investors but there is no denying the fact that the DCA is a more favourable strategy when compared to the others, it's also more inclusive since pretty much anybody can use it, the other investment strategies are not that inclusive at all, when compared to the DCA the others have too many parameters to them, you are either buying only when the price is low or you are saving up to buy s lottery at once, the DCA still proves better.

Perhaps in this topic DCA is preferable. But in other online venues like X, or Reddit, Buy the DIP, and HODL is still very popular. But actually saying that it's a "fact" that DCA is better? No, there's no perfect strategy for investing, because if there was, then ALL of the best investors would have been doing that. But they're NOT. They're using different strategies that are working specifically for them.

Sure, people can do what ever they want and/or invest in Bitcoin with aby strategy they want, that wouldn't be an issue. But to me, I still see the DCA strategy as the safest, easy going and enhances consistency, which is the main point in Bitcoin investment. While others are gathering money and waiting for Dip to buy, some buying lump sum with the money they already had either before joining Bitcoin investment or from any other source, the DCA strategy Bitcoin investor is concentrated I'm small but consistent buys. Sometimes too, if he has increased income or discretionary, he can also increase his buys. On and on he keeps going, so long as the income is available.

And sure this strategy is extraordinarily tye best, since in all, it can still offer growth and most especially, offer consistency even in the period when finances aren't much available, and while the Dip investor is waiting for Dip, he is accumulating continually. Isn't that beautiful? For me, the DCA remains the best approach strategy, and of course, as a DCA strategist, you aren't prohibited to buy big or increase buys provided the funds are available.

It will really be an issue when newbies start buying bitcoin with the mindset of buying the dip as it have the tendency of making them to wait until bitcoin price goes down before they can buy bitcoin. For sure individuals can buy bitcoin with any of the three buying patterns but it’s more advisable that newbies who just got started in bitcoin investment should focus more on the DCA method of accumulation bitcoin as it helps to build them with a consistent mindset of regularly buying bitcoin with their discretionary income so as to enable them reach their accumulation targets or perhaps over accumulation. Waiting for the dip before buying bitcoin is not advisable especially for the newbies who haven’t accumulated decent amount of bitcoin to their portfolio of reached their accumulation target.

[Sticky Bomb]

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this

Coming into Bitcoin investment with this type of mindset of targeting profit will not only distract you, but it has the potential of making you go into trading full time instead of being more investment oriented, and because your target is by making profit, you will likely sell off your Bitcoin holdings anytime your investment appreciates a little, which is very bad, because small small profit like that can never take you anywhere, instead you will be unable to build up a reasonable stash of bitcoin.
 So I suggest that a Bitcoin investor that is just starting should care more on building his stash of bitcoin, than thinking of profit that will make him to sell his holdings prematurely.

This is just the mindset of beginners, they are always eager to take profits even when they haven't built a big portfolio. It is true that everyone is investing to make profits from their investment but the target as a beginner should be on the long term when they must have acquired enough bitcoins. Taking profits when they haven't accumulated a sizable amount is a big deviation from the target as a bitcoin investor. Taking profits should come after we are satisfied with what we have accumulated over the years and not during the process of accumulation.

It happens to experienced investors as well, some of them at some point in their accumulation journey may allow the increase in value of their investment start getting into their head in such a way that they become satisfied when they should still be accumulating to reach their desired target and such satisfaction may see them slowly start to loose focus on their consistent buys and at some point may even stop buying and start taking profits from their investment. At that point they've transitioned from investors to traders taking short-term profits from their portfolio.

This is why it is very important to remain focused and disciplined in your continuous buys and not prioritize profits when you're still largely in your accumulation phase so you don't start entertaining profit taking mindsets while you should be entertaining consistency in your investment.
Investors that have gone ahead in their accumulation journey have the knowledge of the right thing to do and how to correctly apply them and that is the advantage they have over newbies but them too are still very much susceptible to mentality change if they are not careful with the practices they entertain as they further progress into their accumulation journey.

[Umulala-alala]

Most people always think the reason to invest in Bitcoin is just about profit, and that is what they are most interested in. Because of the profit mindset, some people lack the patience to hodl for a long time simply because of the profit they desire. Let's set profit aside; when we talk about Bitcoin, we should be looking into wealth creation to build for the next generation.

Yes, I agree with you. Because one of the reasons why people invest in Bitcoin is to make a profit. Basically, making a profit in investing in Bitcoin is never guaranteed. When investing in Bitcoin, an investor should have a long-term plan. Investing in Bitcoin with an investment mindset is the best way and it should be held for a long time. If you, as an investor, chase profits and benefits from every opportunity to make a profit from the investment plan, then you are losing your opportunity to build wealth at risk. Basically, having the goal of making a profit is not wrong, but when you try to get it easily, problems arise. In terms of making a profit, you should not rush and continue to try to make a profit through long-term investment plans.

No body goes into any investment and plan to loss we all want to make gain or profit but if you are going into bitcoin investment and center all your attention in profit making may be disappointed at the end, we should know that nothing is guaranteed in bitcoin investment but we have already seen that those who started buying BTC some years back are already in profit though this may not be thesame for those who just started or they may even be in a bigger profit if they consistently buy and hodl for long but no body knows how it will be that's why when investing let's use our discretionary income to invest since it's an amount that we can let go if the other wise happened, but bitcoin has always been profiting long term holders.

[MainIbem]

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this and no one comes before this reason of profit but some people go about it in a way that is so much risky which is trading, trying to make profit in a twinkling of an eye and it is not always easy or simple because of volatility. Ordinarily, having the aim to make profit is not wrong but when you try to get it so easily is where the problem lies, nothing good comes so easily.

Every reason why people invest in Bitcoin still falls back to profit but then it depends on the time they consider taking profits, those who strongly believe in long-term holding and meeting their targets makes lots of sense cause it's the right way to go about it however for the ones who's idea is for quick profits cause they want to be rich quick are making a wrong choice cause volatility would end up disappointing them, Bitcoin investment favour those who's choice is for long-term holding, even though they consider profits but still focus on holding longer, they're on the right path.

[laijsica]

You are right, the first reason people invest in Bitcoin is because of profit and any other reason can come after this and no one comes before this reason of profit but some people go about it in a way that is so much risky which is trading, trying to make profit in a twinkling of an eye and it is not always easy or simple because of volatility. Ordinarily, having the aim to make profit is not wrong but when you try to get it so easily is where the problem lies, nothing good comes so easily.

Every reason why people invest in Bitcoin still falls back to profit but then it depends on the time they consider taking profits, those who strongly believe in long-term holding and meeting their targets makes lots of sense cause it's the right way to go about it however for the ones who's idea is for quick profits cause they want to be rich quick are making a wrong choice cause volatility would end up disappointing them, Bitcoin investment favour those who's choice is for long-term holding, even though they consider profits but still focus on holding longer, they're on the right path.

When you build a structure, it can only last for a long time if you can build a strong foundation for it. Even if the intention is to make a profit from Bitcoin, you can only justify your profit if you can build a strong foundation through long term Bitcoin accumulation and be committed for 4-10 years. Establishing a strategy to accumulate Bitcoin through discretionary income from your regular sources of income is actually a strategy to build a long term Bitcoin holding while maintaining your household spending flow just like building a strong foundation for making a profit.