Buy the DIP, and HODL!

[JayJuanGee]

If you're hesitant to buy Bitcoin based on the price, it will only lead to avoiding investing altogether. Doubt and fear are natural, but they won't go away unless we confront them. Perhaps you can learn more about the topic first, but even that doesn't guarantee confidence, and the price can't be predicted accurately.

Bitcoin continues to attract long term investors and strategies like DCA can help people reduce the stress of market volatility it is always important to do your own Research and understand the risks before investment. Many folks focus on trying to time the right entry but consistency often matters more DCA can be a practical approach for anyone looking to build exposure to Bitcoin gradually.

Not only in the current situation but in any situation, Bitcoin investment in the DCA method is more advanced and falls within the scope of a suitable plan.

How is DCA advance?  It seems to me that DCA is within the grasp of an overwhelming majority of normies to learn, and so DCA does not require special skills to be able to learn about and to carry out.

I agree with you that there's no any special skills for this DCA, i think all that is needed is a discretionary income, if all this requirements are met I think there's no anything special like skill for DCA. I recommend DCA strategy for so many people which I believe they are growing their bitcoin portfolio gradually without any stress. Discretionary income allow you to build your bitcoin portfolio with a very peace of mind because you are zone they are not doing anything just accumulating and before you know everything went as planned. Mind you you have to involve an emergency fund that is you grow it together alongside your investment to avoid any obstacles on the process.

Just because there are no special skills does not mean that people know how to DCA naturally. They likely have to practice both DCA and also practice cashflow management skills in order to learn about them and to get good at them, but almost anyone can learn these kinds of matters as long as they are interested and trying to learn, and yeah if they are lazy or if they are retarded, then they won't learn, so in that sense, there still needs to be efforts for guys to get good at the kinds of practices that are within their abilities to learn as long as they focus on learning it and practicing it and learn from their mistakes too.. A lot of folks make mistakes, even smart folks, yet smart folks will reflect on their mistakes and try to consider if there might be ways that they can learn from their mistakes by improving their practices and/or systems and/or to make adjustments so that they are constantly learning and paying attention... which is part of the other reason to get started, since if we invest in bitcoin and work on strengthening our cashflow management, then we are incentivized to pay attention..

[Jody.Drummer]

Many investors are afraid to invest their own money, now is the right opportunity for all those investors.

My assumption is that an overwhelming majority of normal bitcoin investors are ONLY investing their own money and not the money of other people.  One of the great things about bitcoin is that anyone is able to buy it and invest into it as long as they have discretionary funds.

i agree, We should invest using our own money, whether it's from our own hard-earned money, such as our income or salary, after we've covered our needs. We've already set a specific amount to invest from our salary. If we want to invest but don't have the money, the first step is to earn money. This income will help us not only fulfill our investment desires, but also help us achieve our goals. I can't imagine someone who doesn't have the money but forces themselves to invest in inappropriate ways, such as borrowing. This is quite risky.

[Futurexxx]

My assumption is that an overwhelming majority of normal bitcoin investors are ONLY investing their own money and not the money of other people.  One of the great things about bitcoin is that anyone is able to buy it and invest into it as long as they have discretionary funds.

i agree, We should invest using our own money, whether it's from our own hard-earned money, such as our income or salary,

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

[KeenanEl19]

Just because there are no special skills does not mean that people know how to DCA naturally. They likely have to practice both DCA and also practice cashflow management skills in order to learn about them and to get good at them, but almost anyone can learn these kinds of matters as long as they are interested and trying to learn, and yeah if they are lazy or if they are retarded, then they won't learn, so in that sense, there still needs to be efforts for guys to get good at the kinds of practices that are within their abilities to learn as long as they focus on learning it and practicing it and learn from their mistakes too.. A lot of folks make mistakes, even smart folks, yet smart folks will reflect on their mistakes and try to consider if there might be ways that they can learn from their mistakes by improving their practices and/or systems and/or to make adjustments so that they are constantly learning and paying attention... which is part of the other reason to get started, since if we invest in bitcoin and work on strengthening our cashflow management, then we are incentivized to pay attention..

Someone who already has an interest in something then they should learn about it, as in bitcoin DCA which is one of the common strategies that are widely used this is a strategy that can certainly be learned by anyone as long as they are interested because with this interest it will directly make our minds run by having to find ways like learning it slowly. Cash flow management skills are also something that needs to be paid attention to, because if we don't pay attention to this, we will likely have difficulty managing money that must be used wisely.

And with mistakes it is a natural thing, even smart people like you said or who are experienced can still make mistakes, and I agree with you for smart people who make mistakes they will reflect on their mistakes and evaluate them not to do it in the future including by looking for solutions.

[Rebirth01]

This is where most people are getting it wrong about backup and emergency fund  since you don't know what is  backup fund I explained to you. Backup fund comprises of emergency fund, reserve and float fund these three funds combined make up a backup fund. Therefore your emergency fund and backup fund aren't separate fund, they are the same thing. Your emergency fund is part of your backup fund and not a separate fund on its own.

to a large extent one can say you are right. But your backup fund is generally the funds you have set aside like a reserve or an additional capital kept on the sidelines for you to be able to capitalize on the sudden market dips or to cover other unexpected losses or eventualities during your investments. Emergency funds however are meant to help you cater for yourself during the cause of your investments. Your emergency funds are those funds you keep when needs arises such as medical bills, utility bills, electricity bills and others. So if you look at it from this angle, you can say they are separate funds but why I said it is correct to a large extent is when you look at it broadly, your emergency funds can be simply referred to as that fiat based safety net in case of unpredictable real life crises that will require urgent financial attention.

There are people who live a life of constant risk and hopefully starting to invest in Bitcoin will inspire them to be more responsible in managing their cash flow. Most people learn by making mistakes and we can’t expect them to go from zero or near zero to perfect unless they gradually get there and realize the need for it. Each of us will find our own way to balance building our Bitcoin investments and hopefully strengthening our cash flow management practices. And I often assume that most people already have some sort of system in place where they save some money to protect themselves from fluctuations in their income or spending. So they probably already have a habit of keeping 2-6 weeks of expenses and they will probably be in a position to build a future strategy based on their current habits. Since Bitcoin is highly volatile and highly liquid, they need to have additional measures and additional cash reserves to protect themselves from themselves. So that they are trying not to fall into the temptation of using their Bitcoin at any time against their will. If they really have set a goal to invest in Bitcoin for 4-10 years or more then it is better not to try to touch their Bitcoin during that time. Unless there is an opportunity to spend it and replace it. And of course each and every one of us should try to find a place where we can spend our Bitcoin.

Some people make the mistake of trying to separate emergency fund and back up funds but both are the thing. They serve the same purpose and there is no way you will separate one from the other. Is someone trying to build a house and instead of running one budget for the the building he runs up to 5 to 6 budget of buying nails,roof,water, cement,sand,, ceiling etc. the two mentioned above are the same so no need to separate them. They are just like co-joined twins that cannot be separated.

[Taskford]

Bitcoin continues to attract long term investors and strategies like DCA can help people reduce the stress of market volatility it is always important to do your own Research and understand the risks before investment. Many folks focus on trying to time the right entry but consistency often matters more DCA can be a practical approach for anyone looking to build exposure to Bitcoin gradually.

It is not an essential or crucial to make research before getting started. As for getting started the most important thing is to be able to figure out if we have discretionary income to start investing with. Once you are able to figure out your discretionary income then you start accumlating bitcoin. It will not be a good idea not to start investing in bitcoin when we have figured out our discretionary because of the idea of making research before starting.

One of the ONLY things that a newbie investor to bitcoin needs to do before getting started buying bitcoin is to make sure that he has discretionary funds.  If he cannot figure it out or he is not sure, then he should not get started.  Another thing that a newbie needs is common sense so that he can figure out what he knows or does not know, so even if he is able to determine that he has discretionary funds, his common sense would likely help to inform him about how aggressive or whimpy he should be, and I would think that most normal people with common sense would start out slow so that they can make sure that they are comfortable with how they are starting out and perhaps figuring out how much time they are going to need to spend learning about bitcoin, whether they are able to spend an hour a week or perhaps more or maybe they figure that they can start learning about bitcoin after 4 weeks based on what they have going on in their life... so it is not like a newbie does not need to know anything, and especially the most important thing is his ability to determine that he has discretionary funds and that he is able to start to buy bitcoin within the discretionary funds that he has.. and perhaps identifying areas that he might need to learn about that might relate to investing (if he does not have any investing experience/knowledge) and even identifying the extent to which he has back up funds and the extent to which he might need to strengthen any cashflow management systems/practices that he already has in place.

Correct and this is one of most important step before they start accumulating Bitcoin is to see if they have those funds, since without having it, they might turn their investment into a heavy financial burden.

Their common sense also is important on their investment, since they can learn everything gradually, then adjust base on their current discretionary funds currently have. Also it doesn't matter if they start small since this is still better than doing nothing at all and just speculate on future prices. Newbies need to understand that they don't need to became mr know everything because having basic knowledge is enough. But they must really have a great cash flow and back up funds to make sure that their Bitcoin investment does not bother their essential needs.

[Different patterns]

I agree with you that there's no any special skills for this DCA, i think all that is needed is a discretionary income, if all this requirements are met I think there's no anything special like skill for DCA. I recommend DCA strategy for so many people which I believe they are growing their bitcoin portfolio gradually without any stress. Discretionary income allow you to build your bitcoin portfolio with a very peace of mind because you are zone they are not doing anything just accumulating and before you know everything went as planned. Mind you you have to involve an emergency fund that is you grow it together alongside your investment to avoid any obstacles on the process.

Just because there are no special skills does not mean that people know how to DCA naturally. They likely have to practice both DCA and also practice cashflow management skills in order to learn about them and to get good at them, but almost anyone can learn these kinds of matters as long as they are interested and trying to learn, and yeah if they are lazy or if they are retarded, then they won't learn, so in that sense, there still needs to be efforts for guys to get good at the kinds of practices that are within their abilities to learn as long as they focus on learning it and practicing it and learn from their mistakes too.. A lot of folks make mistakes, even smart folks, yet smart folks will reflect on their mistakes and try to consider if there might be ways that they can learn from their mistakes by improving their practices and/or systems and/or to make adjustments so that they are constantly learning and paying attention... which is part of the other reason to get started, since if we invest in bitcoin and work on strengthening our cashflow management, then we are incentivized to pay attention..

Exactly, i understand your point , that dollar cost average that’s DCA may be a very simple strategy, but good cashflow management and consistency are skills that many folks have to build up over time, because knowing about DCA alone is not enough, some people need to practice budgeting, to controlling expenses and always stick to their investment plan.

And I think making mistakes is also part of learning, but what really matter is being ready to reflect on those mistakes to improve, instead of just giving up at once, because in the long term investment, combining regular bitcoin investment together with better money management that can create a strong financial habits, that make it easier to stay invested through different market conditions. Furthermore, the earlier person start investing and managing their finances, the easier they gain experience and build discipline.

[JayJuanGee]

[edited out]

Correct and this is one of most important step before they start accumulating Bitcoin is to see if they have those funds, since without having it, they might turn their investment into a heavy financial burden.

Their common sense also is important on their investment, since they can learn everything gradually, then adjust base on their current discretionary funds currently have. Also it doesn't matter if they start small since this is still better than doing nothing at all and just speculate on future prices. Newbies need to understand that they don't need to became mr know everything because having basic knowledge is enough. But they must really have a great cash flow and back up funds to make sure that their Bitcoin investment does not bother their essential needs.

Newbies do not need great cashflow or back up funds that are beyond minimal to get started.... since they have to make sure that they are not buying beyond their discretionary funds, and so yeah, each time that they buy they have to make sure that they are not buying beyond their discretionary funds.. having back up funds is necessary to assure that that they are not buying beyond their discretionary funds, yet they can build their back up funds and their bitcoin investment at the same time.

Of course, the longer that a person is trying to invest in bitcoin, the more likely it would seem that having some kind of a steady cashflow is better to make sure that they are not investing beyond their discretionary funds..and that they are ongoingly building both their bitcoin and their back up funds... yet from time to time, guys will run into cashflow issues that might involve loss of income and/or increases in their expenses, so of course, they may have to stop buying bitcoin at some point and they might even be forced to spend their bitcoin if they deplete all of their back up funds, and surely if we have intentions to try to invest in bitcoin for 4-10 years or longer, then we are trying to avoid spending from our bitcoin and wanting to keep building our bitcoin to the extent that we continue to have money coming in and as long as we had not yet built up our bitcoin to a size that we consider to be enough or more than enough.

[Sticky Bomb]

We've already set a specific amount to invest from our salary.

You should only invest from your discretionary income and not from your gross salary, this is because you might mistakenly use money meant to be part of your expenses to invest and that is investing beyond your discretionary income and is over aggressiveness. It is better you attend to your expenses first, then from the remaining discretionary income, you can choose to divide it into 3, one part goes to buying bitcoin, the second part to building backup fund and the third for your discretionary consumption

I can't imagine someone who doesn't have the money but forces themselves to invest in inappropriate ways, such as borrowing. This is quite risky.

When you don't have discretionary income, you should not invest. forcing yourself to invest is a sign of financial pressure which is a bad way to invest into bitcoin, this is because it would surely get to a point where you would be chocked up and you sell your bitcoin to meet up with necessary expenses and in that case you are only gambling with your portfolio. It is important to invest from a place of comfort and that is only achievable if you invest solely from your discretionary income.

[Crakryptvest]

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

Yea it is wrong to invest in Bitcoin with borrowed money, let me say this to newbies in particular, it is a bad idea for any newbie to start in this manner, for me I don't think borrowing to invest in Bitcoin is even necessary as long as we have a little source that we can get discreationary out of, then there won't be need for considering taking an extra risk, investors should learn not to impress or want to compete with anyone, for a stress free Bitcoin investment journey, we must not do things to put ourself in a tight corner that might warrant us to do the unthinkable.

[GIF-JOBS]

My assumption is that an overwhelming majority of normal bitcoin investors are ONLY investing their own money and not the money of other people.  One of the great things about bitcoin is that anyone is able to buy it and invest into it as long as they have discretionary funds.

i agree, We should invest using our own money, whether it's from our own hard-earned money, such as our income or salary,

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

Bitcoin will not give you profit in the short term, so you should not make any decision to invest with borrowed money. Here, the investment has to be held for the long term, but can you hold the money you are borrowing for the long term? Will anyone lend you money like this without any interest? Investing with borrowed money is the biggest mistake, because if you cannot repay the money on time, a lot of interest will accumulate on that money, which will lead you to more financial problems.

Therefore, in the case of investment, you must use money that you can hold for the long term without any problems, the money that is left after meeting housing, food, medical care, emergency fund and other basic needs, should be used for investment. But if we make such a wrong decision due to excessive greed, then we can definitely face a lot of losses.

[Tmoonz]

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

Yea it is wrong to invest in Bitcoin with borrowed money, let me say this to newbies in particular, it is a bad idea for any newbie to start in this manner, for me I don't think borrowing to invest in Bitcoin is even necessary as long as we have a little source that we can get discreationary out of, then there won't be need for considering taking an extra risk, investors should learn not to impress or want to compete with anyone, for a stress free Bitcoin investment journey, we must not do things to put ourself in a tight corner that might warrant us to do the unthinkable.

Borrowing money to buy Bitcoin can go wrong especially when you depend on your Bitcoin to pay back such money and this is not only to newbies but to all that are investors, technical borrowing money to buy Bitcoin is not bad if your loan terms and conditions are favorable to you and you are not depending on your Bitcoin to payback the money, a man can set up plan A, plan B and even plan C to which he can pay back his loan successfully without tempering his Bitcoin, the reason for the plans is that if one did not work out the other can work out, it is wrong to borrow money with good plans of repayment and or when you borrowed money to buy Bitcoin and also depend on your Bitcoin to payback the money.

[Silikiem]

My assumption is that an overwhelming majority of normal bitcoin investors are ONLY investing their own money and not the money of other people.  One of the great things about bitcoin is that anyone is able to buy it and invest into it as long as they have discretionary funds.

i agree, We should invest using our own money, whether it's from our own hard-earned money, such as our income or salary,

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

Bitcoin will not give you profit in the short term, so you should not make any decision to invest with borrowed money. Here, the investment has to be held for the long term, but can you hold the money you are borrowing for the long term? Will anyone lend you money like this without any interest? Investing with borrowed money is the biggest mistake, because if you cannot repay the money on time, a lot of interest will accumulate on that money, which will lead you to more financial problems.

Therefore, in the case of investment, you must use money that you can hold for the long term without any problems, the money that is left after meeting housing, food, medical care, emergency fund and other basic needs, should be used for investment. But if we make such a wrong decision due to excessive greed, then we can definitely face a lot of losses.

There’s no guarantee of making profit In bitcoin anywhere, weather short term or long term so anyone who’s borrowing money to invest in bitcoin with the singular aim of making profit is even further increasing his risk. I don’t see anything wrong if someone borrows money to invest in bitcoin provided the person is not doing that in view of making profit from his bitcoin investment and then use it to pay back the loan weather it’s short or long term, that’s gambling and trading, not really investing because even for that long term you’ll definitely sell to get money to repay the loan, so there’s no point . If an individual isn’t depending on the returns he will probably get from his bitcoin investment then there’s nothing wrong if the person decides to borrow money to invest in bitcoin.

[ruykeri]

I also agree with you that starting your Bitcoin investment journey with a borrowed money is a big mistake and should not be considered even though you have other means of repaying it back, because it comes with an unwanted pressure that shouldn't be necessary at the earliest stage of your investment, but the correction I just want to make concerning your write up I made bold is that, you should invest only from your discretionary income, which is the money that is left after all your basic needs have been met, not by investing with your salary as you proclaimed.

Yea it is wrong to invest in Bitcoin with borrowed money, let me say this to newbies in particular, it is a bad idea for any newbie to start in this manner, for me I don't think borrowing to invest in Bitcoin is even necessary as long as we have a little source that we can get discreationary out of, then there won't be need for considering taking an extra risk, investors should learn not to impress or want to compete with anyone, for a stress free Bitcoin investment journey, we must not do things to put ourself in a tight corner that might warrant us to do the unthinkable.

It is not possible to extract discretionary income from income  If there are more responsibilities than income, or if daily expenses are more than income, then discretionary income cannot be extracted from there. If there is no extra money left after completing all the necessary expenses, then if someone wants to invest, I would say that they should focus more on increasing income than reducing expenses or lowering the standard of living. And they should never invest beyond discretionary income. Now that the price of Bitcoin has dropped a lot, at this time if someone had invested in Bitcoin with any necessary money other than discretionary income or by borrowing from someone and did not have any backup fund, then due to any unexpected financial pressure, they would have been forced to sell Bitcoin. Therefore, in my opinion, having discretionary income is mandatory before starting investment. And if there is a plan to hold for the long term, having a backup fund is also mandatory. Because without a backup fund, it becomes difficult to hold the investment during a temporary financial crisis and in many cases one has to be forced to sell at a loss.

[Comeacross]

Many investors are afraid to invest their own money, now is the right opportunity for all those investors.

My assumption is that an overwhelming majority of normal bitcoin investors are ONLY investing their own money and not the money of other people.  One of the great things about bitcoin is that anyone is able to buy it and invest into it as long as they have discretionary funds.

Bitcoin is open to everyone but it only rewards people that respect it rules. If it's not your money, don't invest it.

Once you break that rule by borrowing money to invest, you have just traded the freedom Bitcoin is suppose to give you.

i agree, We should invest using our own money, whether it's from our own hard-earned money, such as our income or salary, after we've covered our needs. We've already set a specific amount to invest from our salary. If we want to invest but don't have the money, the first step is to earn money. This income will help us not only fulfill our investment desires, but also help us achieve our goals. I can't imagine someone who doesn't have the money but forces themselves to invest in inappropriate ways, such as borrowing. This is quite risky.

People that borrow money to invest are desperate investors. If you borrow money to invest in bitcoin, you'll soon join the list of people that call bitcoin scam and hate it. When you borrow money, there is usually interest attached and time to pay back but Bitcoin does not care about the condition of the money you borrowed. The price may dip within that period. It's either you sell at loss to pay your lender or you hold by force while your lender continue to hunt you or even sue you. Either way, you won't have peace of mind and that's your punishment for investing with a borrowed money.

[Odohu]

There’s no guarantee of making profit In bitcoin anywhere, weather short term or long term so anyone who’s borrowing money to invest in bitcoin with the singular aim of making profit is even further increasing his risk. I don’t see anything wrong if someone borrows money to invest in bitcoin provided the person is not doing that in view of making profit from his bitcoin investment and then use it to pay back the loan weather it’s short or long term, that’s gambling and trading, not really investing because even for that long term you’ll definitely sell to get money to repay the loan, so there’s no point . If an individual isn’t depending on the returns he will probably get from his bitcoin investment then there’s nothing wrong if the person decides to borrow money to invest in bitcoin.

Even though your statement is technically correct your way of putting it may be discouraging to a lot of people that believe that they are doing the right thing by holding. From the available information, those who have held Bitcoin for 5 to10 years have always remain very profitable which is the reason we are advising people to give Bitcoin enough time like they will give other type of businesses and investments. By saying that long term does not guarantee profits, you may discourage people from holding longer or encouraging them to sell when they see profits because the future is not guranteed.

Do you know that holding your money in Bitcoin also shield you from inflation and some crazy charges that are associated to holding in fiat and in the bank. If you keep 10 BTC in your wallet, it will not reduce no matter what an you will not be required to pay service changes. This a lone makes it a preferred option to save in Bitcoin.
 

[Rockson1]

People that borrow money to invest are desperate investors. If you borrow money to invest in bitcoin, you'll soon join the list of people that call bitcoin scam and hate it. When you borrow money, there is usually interest attached and time to pay back but Bitcoin does not care about the condition of the money you borrowed. The price may dip within that period. It's either you sell at loss to pay your lender or you hold by force while your lender continue to hunt you or even sue you. Either way, you won't have peace of mind and that's your punishment for investing with a borrowed money.

They might not be desperate per say, you know ignorant can also be the cause, when someone is not informed such person becomes a problem to himself, athough I'm not disputing the fact that desperation can be cause, if someone decides to borrow to invest in Bitcoin, such person must put in a repayment plan and it must not be a newbie because they should not go that lane, a newbie should have mastered some certains thing even though they have what it takes to borrow repay with looking at their investment, I will also want anyone that is having such in mind to understand that Bitcoin investment is for a long-term so if you must borrow you must know that you actually risking two things and must make sure that you have your plans out unless you want get yourself into some kinda financial bundage.

[Humblevirus]

There’s no guarantee of making profit In bitcoin anywhere, weather short term or long term so anyone who’s borrowing money to invest in bitcoin with the singular aim of making profit is even further increasing his risk. I don’t see anything wrong if someone borrows money to invest in bitcoin provided the person is not doing that in view of making profit from his bitcoin investment and then use it to pay back the loan weather it’s short or long term, that’s gambling and trading, not really investing because even for that long term you’ll definitely sell to get money to repay the loan, so there’s no point . If an individual isn’t depending on the returns he will probably get from his bitcoin investment then there’s nothing wrong if the person decides to borrow money to invest in bitcoin.

Yes, it is not wrong to borrow to invest in Bitcoin, as far as the person knows that the loan will be paid back with discretionary funds. However, if a person cannot pay back the loan with discretionary funds and intends to repay it from the profit later made from the Bitcoin investment, it is totally wrong because there is no guarantee that they will make a profit at any particular time.Therefore, anyone should stay away from borrowing to invest in Bitcoin with the aim of making a profit to pay back the loan later. It is very possible that the person will end up regretting it because, during the period when they need to repay the loan, the price of Bitcoin may not be up but down.So, there is no smartness in borrowing money for Bitcoin investment. People should invest only with the aim of protecting themselves against inflation, and if there are profits later that is fine.

[Agbam]

Waiting for the dip is not common among newbis but it's what traders and gamblers does though some persons who don't understand Bitcoin investment will always think that the best time to accumulate Bitcoin is when the price is low but that's not it meanwhile you are only delaying your investment journey, the best is the accumulate persistently and consistently using the DCA strategy because this strategy kills the time of waiting for the dip because you are accumulating regardless of the price of Bitcoin.

There are people that think that the best time to buy is during the dip although some of them are harmless what I mean by harmless is that they are ignorant, they may have that understanding that they can actually buy Bitcoin with the DCA strategy at every point in time, but to traders who we know as those that have short term mindset, the just deceive themselves because of their over anxiousness to make quick profit.
What most people don't understand is that when they are ready to invest in Bitcoin, nothing should breach them and long as they have their discreationary income ready.

Buying the dip might sound like a good idea but it’s not something an investor should wait for. If you’re already accumulating bitcoin gradually and consistently and a dip occurs it becomes an opportunity for you to buy cheaper and possibly go aggressive but if you’re not already investing because you’re waiting for a dip that’s a wrong move.

People who only buy bitcoin during the dip are mostly traders, there’s no two way about it because they are going to sell once price recovers and pumps.

[Lembo69]

People that borrow money to invest are desperate investors. If you borrow money to invest in bitcoin, you'll soon join the list of people that call bitcoin scam and hate it. When you borrow money, there is usually interest attached and time to pay back but Bitcoin does not care about the condition of the money you borrowed. The price may dip within that period. It's either you sell at loss to pay your lender or you hold by force while your lender continue to hunt you or even sue you. Either way, you won't have peace of mind and that's your punishment for investing with a borrowed money.

They might not be desperate per say, you know ignorant can also be the cause, when someone is not informed such person becomes a problem to himself, athough I'm not disputing the fact that desperation can be cause, if someone decides to borrow to invest in Bitcoin, such person must put in a repayment plan and it must not be a newbie because they should not go that lane, a newbie should have mastered some certains thing even though they have what it takes to borrow repay with looking at their investment, I will also want anyone that is having such in mind to understand that Bitcoin investment is for a long-term so if you must borrow you must know that you actually risking two things and must make sure that you have your plans out unless you want get yourself into some kinda financial bundage.

In fact, many people have no idea or experience about when we can invest with a loan. So I want to give some basic explanations on this subject. If an investor invests regularly. And he buys investments on a monthly or weekly basis. If for some reason he has excess expenses that month, then he can take a loan to fill that monthly gap in his investment. But it must be remembered that he must also have the ability to repay the loan he takes. Or if there is a big fall in the market, a Bitcoin investor can take a loan only to take advantage of that fall.

Now let's talk about the losses you will face if you invest with a loan. You will have the thought of repaying more loans than you invest, maybe this is the reason for your investment. If there is any pressure on you for a loan, you may be forced to sell the investment. So although loans for investment are sometimes reasonable, it is better not to think about it or not to take a loan.