Buy the DIP, and HODL!

[xzy887]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

[Silikiem]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

A long term bitcoin investor don’t need to wait until its dip before they can buy bitcoin as they can buy bitcoin at any market price and hold with just a discretionary income using the DCA strategy which will enable them to buy either weekly or monthly basis and most times depending on their income flows. No one knows when the dip will happen and even if it does happen what’s the possibility that it will dip to your desired level before you buy. So it’s better to use the DCA strategy to buy regularly at any market price and if the dip presents itself along the line while you’re ongoingly buying bitcoin you can seize the opportunity to buy even more at such a reduce price and improve your portfolio. Waiting for the dip before buying bitcoin could end in a regret because you might stand a chance of not buying a single bitcoin at the end of the day because bitcoin is really unpredictable due to its high volatility.

[Showlove01]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

Well, considering the higher time frame bitcoin is still bearish because the all time high was $126k plus and bitcoin is barely $90k so nothing shows that bitcoin is bullish perhaps you are considering the lower time frame and what that means is that bitcoin is about to turn bullish not bullish yet and i will advise you not to anticipate on  the price too much before you will become discourage and you are already talking like a trader, why will someone who have not gotten enough bitcoin consider the dip? that is a wrong advise and if you think bitcoin will go below $70k anytime soon guess what, you might be wasting your time.

[Crytohillss]

In my perspective The DCA includes disposable income and emergency savings. For me, the most important benefit of buying Bitcoins using a DCA approach is that you may gradually acquire Bitcoin with disposable income based on your funds, without having to worry about the current price exchange rate of Bitcoins.
Still, I would not classify emergency cash and investments in Bitcoin as the exact same thing. After covering critical expenses, a portion of the disposable income can be given to Bitcoin, and the remainder can be utilised to construct a backup plan. One of the most significant functions of a contingency or back fund was to ensure that if our revenue falls in the near future, we are not obliged to sell cryptocurrencies like Bitcoin.

A further requirement is that everybody have a fully prepared fund for emergencies before beginning Bitcoins; however, I do not believe this to be a rigorous regulation. A new trader can begin acquiring Bitcoin with a little amount of disposable income and gradually increase their reserve plan. Beginning small is not an issue, but collecting tiny sums of Bitcoin alongside disposable income based on cash flow and economic buffer is vital.The goal ought to be to accumulate Bitcoins over a lengthy period of time, such as four to ten years, and then progressively expand their Bitcoin (BTC) pile.

Yes, it is true that investing in the DCA method does not have to focus on the price of Bitcoin. However, it is important to note that what kind of fund is the fund you are allocating to run the DCA because when people invest in Bitcoin, they are talking about investing for the long term, especially the prerequisite for investing in the DCA method is long-term investment, so you need to use funds for investment that will not be a problem even if they have been inactive for a long time. And this type of fund is what we call a discretionary income fund.
When a person invests in Bitcoin from discretionary income and also creates an emergency fund to deal with emergencies, he can maintain his Bitcoin portfolio for a long time. At least until they are profitable. It may be two cycles, three cycles or even more cycles.

You are very correct, especially the part about knowing the source of the income before beginning DCA. One thing I think sometimes people over look is that consistency become much easier when the money being invested already has a clear aim if anyone is using
money meant for school fees, rent or an unexpected expenses even a little Bitcoin price drop can create pressure to sell.

 Having an emergency fund changes the way people react to volatility.

[Deegodstime]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

Well, considering the higher time frame bitcoin is still bearish because the all time high was $126k plus and bitcoin is barely $90k so nothing shows that bitcoin is bullish perhaps you are considering the lower time frame and what that means is that bitcoin is about to turn bullish not bullish yet and i will advise you not to anticipate on  the price too much before you will become discourage and you are already talking like a trader, why will someone who have not gotten enough bitcoin consider the dip? that is a wrong advise and if you think bitcoin will go below $70k anytime soon guess what, you might be wasting your time.

Believing there will be dip any time soon is one mistake many investors makes especially now that Bitcoin has regained its sanity from other factors like political interference and ordinary assumptions have stopped influencing its bearish and bullish momentum the way it did when Donald Trump made mention of US strategic reserve plans. Instead of losing it momentum,  all we should be expecting now is an unimaginable transformation that may even catapult it to 150k to 200k dollars which we have not experience before.

[Alonso_]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

You obviously sound like a trader, because I don’t see any reason why you should be telling people who are accumulating bitcoin to wait before buying bitcoin, waiting for what exactly, considering that you’re buying bitcoin for the long term you wouldn’t be interested in waiting for the dip and telling people to also wait for the dip before buying bitcoin, people who waits for the dip are mainly people who are buying for the short term profits which means you’re interested in quick profits, for your information bitcoin isn’t a get rich quick scheme investment, if Bitcoin is bullish doesn’t stop you from buying bitcoin, when you can be buying bitcoin through DCA on a regular basis, please don’t mislead other’s here, I will advice you to adopt buying bitcoin consistently while using the DCA, because you will just be missing out on good tremendous opportunities while waiting for your so called dip.

[Perfect-World]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

What a fuck! We shouldn't buy but rather wait and consider the Dip? Till when huuhh?? This is purely a traders mindset and a poor investment approach or advice. Investors don't wait for the Dip to come before they buy, nope. Infact, it is totally wrong to do so because waiting and not buying slows the movement and keeps your portfolio at a standstill.

Do you think time waits for anybody? What if the price keeps moving upwards, would you still want and never buy? How long will you wait? Anyways, anyone can do the fuck they want, but it's best you keep buying and stacking. Don't wait for any shit Dip. Buy and HODL!

[BluebloodCXVI]

Believing there will be dip any time soon is one mistake many investors makes especially now that Bitcoin has regained its sanity from other factors like political interference and ordinary assumptions have stopped influencing its bearish and bullish momentum the way it did when Donald Trump made mention of US strategic reserve plans. Instead of losing it momentum,  all we should be expecting now is an unimaginable transformation that may even catapult it to 150k to 200k dollars which we have not experience before.

Even though i am choosing to maintain a bullish position this period, i still think there needs to be a tad bit more of caution to it.
Bitcoin certainly could potentially reach $150k -$200k but that will be if big institutions and governments start to buy bitcoin heavily but still, nobody should assume or treat $150k -$200k as the most likely or default outcome just yet.

We need to see more evidence first that institutional/government demand is actually happening and that supportive policies will follow through.

[Bigjoe33]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

Wrong advice I must say. Note that you don't buy because of the current price, you buy because of the FUTURE price and because you know that Bitcoin is a store of value.

If in the future Bitcoin hits $120k or $150k or $200k and even above, would you say that those investors who bought now at this current price of $86k+ are in loss or gains? Would you also say that they bought at the wrong time or that they were in such a rush to buy?
It seems to me that you are a trader who is just after short time gains that is why you prefer to only buy the Dip. Approaching Bitcoin with an investment mentality has always been the best. You don't need to panic. If you can figure out your discretionary income, and then you can buy in little fractions using the DCA strategy, and then HODL. It will surely be more beneficial than just trading and looking for shit gains.

[Deegodstime]

BTC is currently bullish. But no one should buy BTC simply because they believe, “The price is rising steadily and may rise further.” Don’t rush to buy. Remember, healthy price growth often comes with corrections along the way. Be patient, consider buying during dips, and HODL.

You obviously sound like a trader, because I don’t see any reason why you should be telling people who are accumulating bitcoin to wait before buying bitcoin, waiting for what exactly, considering that you’re buying bitcoin for the long term you wouldn’t be interested in waiting for the dip and telling people to also wait for the dip before buying bitcoin, people who waits for the dip are mainly people who are buying for the short term profits which means you’re interested in quick profits, for your information bitcoin isn’t a get rich quick scheme investment, if Bitcoin is bullish doesn’t stop you from buying bitcoin, when you can be buying bitcoin through DCA on a regular basis, please don’t mislead other’s here, I will advice you to adopt buying bitcoin consistently while using the DCA, because you will just be missing out on good tremendous opportunities while waiting for your so called dip.

Its indeed ridiculous seeing investors with such mindset,  i won't blame him because from his words its obvious he is a trading trying to convince potential investors to follow his footsteps when we alll know its the pathway to failure.  An investor with dreams never invests with hope of selling any time soon or even wait for dip before buying because every time is a perfect time of investing and waiting for the dip may risk our chances of success. This was the same advice that kept me at this stage till today,  assuming I listened to my friends advice to apply DCA method the way he did i won't have been miles away from financial stability as i am now.