JJG’s Outline of Bitcoin Investment Ideas

[Odohu]

I agree with you that DCA is a great and stress-free strategy for long-term and patient investors. In my experience, it helps a lot in managing market volatility.

The DCA method simply makes the market volatility of no effect or should I say, it remove it as a factor in the process because it does not consider what the price of Bitcoin is or what the trend of the market is, rather getting the orders filled when the time for it comes is the main focus of the DCA method. In other words, the DCA method care more about consistency of the investor than any other thing because it is consistency that will make the investor always purchase the Bitcoin at the designed regular interval.

I don't really understand why many people still contemplate using other trivial methods for their Bitcoin accumulation which often make them run into problems or confusion when the DCA method is there to use, an easy and convenient method that will not put the investor in any financial stress neither does not call for FOMO. Like I have always said, the DCA method is strongly recommended for all and sundry.

[New Judgement]

Anyone who is investing in bitcoin doesn't need to constantly be checking to see if the price has increased or if they've already started making profit, if a person is DCAing then the only time they should check the price of bitcoin is when they are buying their regular bitcoins and this is only because to buy bitcoin they need to know what it is worth at the time (for me at least) but beyond that point there is no need to constantly be checking the price of bitcoin.

For those who accumulate Bitcoin, it is appropriate to examine market conditions regarding the prices that occur when they want to buy Bitcoin with the aim of accumulating it for the long term. So after they see market conditions, they are sometimes more motivated to buy Bitcoin in an amount based on their cash flow.

If you are investing with the dca method and your intention is to hold for the long term, there’s no need for you to be checking market conditions regarding prices before buying. Since the dca method is about buying at all market conditions, in dca method or as an Investor, you don’t need any form motivation to buy. If you are waiting to be motivated by price before investing then you are not serious. You motivate and discipline yourself to invest regularly when you have discretionary income, and not checking and waiting for price to motivate you before buying. You just make your purchase even if bitcoin price is at ATH when your investment money is available, because your goal is for the long term.

[Regardme]

And that's why it's better to be in bitcoin investment for the long term than to come into it with short term goals, the paranoia that comes with short term investment can lead to a lot of mistakes, once a person starts thinking about short term gains they start being affected by every price change they experience, they are bothered by every little swing and when every little thing bothers you, you can't focus on what's important, holding becomes difficult and they end up selling early even at a loss.

Those who come into Bitcoin with short term plans are simply traders because what they do is trading which is taking high and unnecessary risk with the hope of making quick profits. The market being a big and complex market does not always allow them to get away with that impatience.

Those that are considered real investors are those who buy, irrespective of the price, and hold for the future. They are not eager to sell neither are the constantly monitoring the market to know when to exit. Instead of thinking about selling, they will be planning on how to accumulate more Bitcoin which is exactly what JJG recommended in this thread.

You’ve made a great point. Long term investment is the goal and idea for bitcoin investment. But then, there are some factors that could also affect a real investor if not looked into. Since life doesn’t go as planned most times, a real investor could probably sell off its bitcoin assets if there are no plan that could sustain the long term holding. As such, considering building an emergency funds alongside bitcoin accumulation and hodl for a long  term is very important as a safe net that could help you not to sell of your bitcoin assets due to some financial pressures that may occur as life doesn’t go as planned most times.

[GhostOfBitcoin]

I agree with you that DCA is a great and stress-free strategy for long-term and patient investors. In my experience, it helps a lot in managing market volatility.

The DCA method simply makes the market volatility of no effect or should I say, it remove it as a factor in the process because it does not consider what the price of Bitcoin is or what the trend of the market is, rather getting the orders filled when the time for it comes is the main focus of the DCA method. In other words, the DCA method care more about consistency of the investor than any other thing because it is consistency that will make the investor always purchase the Bitcoin at the designed regular interval.

I don't really understand why many people still contemplate using other trivial methods for their Bitcoin accumulation which often make them run into problems or confusion when the DCA method is there to use, an easy and convenient method that will not put the investor in any financial stress neither does not call for FOMO. Like I have always said, the DCA method is strongly recommended for all and sundry.

Yep, I agree about the importance of consistency, but technically DCA does not eliminate market volatility at all. Rather, DCA uses this volatility to reduce the average purchase price over the long term. Without market volatility, DCA would not have the main advantage. DCA may keep beginners away from stress and FOMO, but it is not the only solution for experienced traders. Analyzing market cycles or on-chain data and making a large lump-sum investment during a major crash (Bear Market Bottom) often proves to be much more profitable than regular DCA.So DCA is certainly a great and easy entry point, but it would be wrong to consider other market strategies as trivial. All strategies have their own effectiveness in a diverse market.

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If you are investing with the dca method and your intention is to hold for the long term, there’s no need for you to be checking market conditions regarding prices before buying. Since the dca method is about buying at all market conditions, in dca method or as an Investor, you don’t need any form motivation to buy. If you are waiting to be motivated by price before investing then you are not serious. You motivate and discipline yourself to invest regularly when you have discretionary income, and not checking and waiting for price to motivate you before buying. You just make your purchase even if bitcoin price is at ATH when your investment money is available, because your goal is for the long term.

Dude... I agree with you that DCA's main strength is its dispassionate financial discipline. It may not always be wise to blindly buy even when the price is at ATH (all-time high). When the market is overheated in an extreme bull market, it is necessary to check the market situation rather than buying blindly. By temporarily storing DCA installments (as Stablecoin or cash) during the cycle top or ATH, and then 'deep buying' with that accumulated money during a major correction (Bear Market Crash), the average buying price (Average Buying Price) improves significantly.So while it's important to maintain discipline, it's actually wise to have a minimum understanding of the major market cycles (halving cycles) and strategically adjust DCA to protect your portfolio over the long term.

[Cossyblack]

I don't see it as a big deal looking at the market periodically to know what's happening in the market, because it's only when you take a look at what's going on there , and you will get to know when their is a dip or not, but what I think that is wrong is staying glue to the chart, like constantly monitoring it's hourly, that's the trait of a trader, and by doing so you might temper or sell your Bitcoin investment in panic if your emotions gets the better of you.

So checking on the value of Bitcoin to see what's happening in the market is not bad, but doing it in excess like staying glue to the chart is where it's totally wrong.

Folks checking the market prices doesn't mean they are traders or they are monitoring the market for the perfect time to sell..they might have other reasons for checking the market such as staying inform on what happening in the market. It is not encouraging for folks to monitor prices constantly coz it might tempt them to sell their bitcoin investment premature. It is not necessary to be monitoring prices constantly especially since we are long term investors. We can check prices once in a while but it shouldn't be consistently because that's not our goal, they should focus on accumulate bitcoin consistently using their discretionary income and hold for 4-10 years because that's the primary goal.

[Taskford]

I don't see it as a big deal looking at the market periodically to know what's happening in the market, because it's only when you take a look at what's going on there , and you will get to know when their is a dip or not, but what I think that is wrong is staying glue to the chart, like constantly monitoring it's hourly, that's the trait of a trader, and by doing so you might temper or sell your Bitcoin investment in panic if your emotions gets the better of you.

So checking on the value of Bitcoin to see what's happening in the market is not bad, but doing it in excess like staying glue to the chart is where it's totally wrong.

Folks checking the market prices doesn't mean they are traders or they are monitoring the market for the perfect time to sell..they might have other reasons for checking the market such as staying inform on what happening in the market. It is not encouraging for folks to monitor prices constantly coz it might tempt them to sell their bitcoin investment premature. It is not necessary to be monitoring prices constantly especially since we are long term investors. We can check prices once in a while but it shouldn't be consistently because that's not our goal, they should focus on accumulate bitcoin consistently using their discretionary income and hold for 4-10 years because that's the primary goal.

You somehow have a point that the person doing that is not automatically a trader. But people need also to understand that frequent checking of prices can possibly disrupt their peace and anything short term movements especially those concerning pumps can make them decide to sell, especially if they got afraid and feel stress on the latest situation happening. So best not to check always the price and they should focus on their accumulation.

One of great advantages of using DCA is people using it can avoid checking up the price. Since the goal is to accumulate for long term and not spotting the right time to trade their bought Bitcoins. If they manage to make everything sustainable by using their discretionary income then hold those Bitcoins they bought for 4 - 10 years. This way they can possibly think about that they are doing good investment with Bitcoin and not making it same as a trading chip.

[Grease5000]

Anyone who is investing in bitcoin doesn't need to constantly be checking to see if the price has increased or if they've already started making profit, if a person is DCAing then the only time they should check the price of bitcoin is when they are buying their regular bitcoins and this is only because to buy bitcoin they need to know what it is worth at the time (for me at least) but beyond that point there is no need to constantly be checking the price of bitcoin.

For those who accumulate Bitcoin, it is appropriate to examine market conditions regarding the prices that occur when they want to buy Bitcoin with the aim of accumulating it for the long term. So after they see market conditions, they are sometimes more motivated to buy Bitcoin in an amount based on their cash flow.

If you are investing with the dca method and your intention is to hold for the long term, there’s no need for you to be checking market conditions regarding prices before buying. Since the dca method is about buying at all market conditions, in dca method or as an Investor, you don’t need any form motivation to buy. If you are waiting to be motivated by price before investing then you are not serious. You motivate and discipline yourself to invest regularly when you have discretionary income, and not checking and waiting for price to motivate you before buying. You just make your purchase even if bitcoin price is at ATH when your investment money is available, because your goal is for the long term.

I agree with this completely, and that is exactly how investors should approach it. As someone investing with a long term mindset, I don’t wait for price to motivate me. My motivation isn’t the chart it’s my conviction in  accumulating bitcoin and where Bitcoin will be years from now. So once I have  set aside my discretionary income, I buy.  Simple. If I start waiting for the perfect entry, I’m no longer investing  I’m trying to time the market. And that is not my game.

For me, DCA is about discipline over emotion. Whether it’s at an ATH or during a dip, I stick to the plan. The real edge isn’t in predicting price it’s in staying consistent long enough for time to do the heavy lifting.

[riscohen4]

i dont seem to agree with this very statement that someone must need to build or have a backup funds before buying bitcoin aggressively because as far as one is not being over aggressive with the buy in such a way that the individual is not using funds meant to solve his basic financial needs to buy aggressively then even without building or having a backup funds first then there is nothing wrong if the person is buying bitcoin aggressively. aggressive buying is done according to someones financial capabilities weather having a backup funds or not, if such person have the financial power to do so then theres nothing wrong with that. what i think an investor should do before buying aggressively is to ensure that he have taken care of his basic needs and not to be overaggressive in it which could be disastrous at the end because of being over aggressive forgetting that he have other pressing basic needs he needs to settle before embarking on aggressive buying.

You are speaking in confusing ways Brizi5000.

It seems to me that having various kinds of back up funds is the definition of financial power that gives a person flexibility to be able to be aggressive and even to make mistakes, since the back up funds would be able to smooth over many of the mistakes that the investor might make - as long as the mistakes are not totally outrageous.

Aggressiveness versus whimpiness in investing is a choice.  The guy sees how much discretionary income he has, and he chooses how aggressive that he wants to be within the range of his discretionary income, yet if he does not have back ups, he cannot know if he is spending from money that he needs for expenses and therefore spending beyond his discretionary funds.

When guys are suggesting that they can be aggressive, even if they don't have strong back up funds, then I wonder how they deal with situations in which they might have had made some mistakes and/or some unexpected loss of income and/or increases in expenses ended up arising.  If you have no back up funds, you have no way to deal with changes in your income and/or expenses, and you have to sell some or all of your bitcoin in order to deal with the matter, which turns aggressiveness into overaggressive - which we should be careful in our crossing into overaggressiveness with our bitcoin investing behaviors - since many guys who are serious about bitcoin investing, they want to make sure that they are ongoingly ending each month with more sats than they had in the prior month..  - especially if they are in their accumulation phase.  

you're correct, Brizi5000 it’s not a bad thing to be a bit aggressive with investing, but that kind of mindset should only come in when you actually have the financial strength to support it.
And one of the main things that really gives that strength is having a backup fund. A backup fund is basically your financial security, it’s what keeps you stable and safe when the unexpected happens.

Because once you don’t have that, all of those your good plans can turn into pressure. You will stop thinking long term and start reacting based on whatever problem comes up at that moment. If you’ve ever been in that situation, you should relate.

I remember a couple of months back, a good friend of mine literally had to liquidate almost all his holdings, if not everything (it wasn't huge though, but was a decent stack). And it wasn’t obviously because he wanted to, it was just because he ran into a serious financial issue and had no backup funds to fall back on, and nobody to help, so the only option he had was to touch his Bitcoin stack, in addition sold a property.
So literally all his long term thinking and plans did get pushed aside, because survival becomes the priority.

[gracreavix]

Bro...Many people believe that DCA slows down Bitcoin deposits. But I agree with you that it never slows down Bitcoin deposits.

Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper  Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy.

An investor bitcoin dca accumulation can go as fast as they want provided they can regularly figure out their discretionary income and invest frequently. What will only slow an investor dca accumulation down is when they are not having frequent discretionary income to invest with. Provided they can figure out their discretionary income their investment can move as quickly as they want. Whoever that’s saying that dca slows down bitcoin accumulation is probably not having regular discretionary income to invest with.

The DCA method attracts Bitcoin investors to invest more, so the DCA method is the best strategy for investing in Bitcoin. Investing in Bitcoin according to the DCA method can certainly be successful, but you have to be patient for a long time during the DCA method. The longer you keep the investment, the more likely it is to be made fit.
Those who do not like to invest in Bitcoin according to the DCA method, are deprived of investment or their discretionary income is very low, which is why they do not like to invest in Bitcoin according to the DCA method.

I agree with you that DCA is a great and stress-free strategy for long-term and patient investors. In my experience, it helps a lot in managing market volatility.

DCA is actually one of those simple strategies that looks almost too basic, but it works really well. The whole idea of just buying consistently helps you remove a lot of emotional pressure from the market.
Because honestly, volatility is what shake out a lot of people. Prices go up today, they feel like they should wait. Prices drop, they panic and think something is wrong. But with DCA, you will not be trying to predict anything, you’re just sticking to a plan and letting the market do whatever it wants. That peace is priceless.

[Abbatty]

you're correct, Brizi5000 it’s not a bad thing to be a bit aggressive with investing, but that kind of mindset should only come in when you actually have the financial strength to support it.
And one of the main things that really gives that strength is having a backup fund. A backup fund is basically your financial security, it’s what keeps you stable and safe when the unexpected happens.

Because once you don’t have that, all of those your good plans can turn into pressure. You will stop thinking long term and start reacting based on whatever problem comes up at that moment. If you’ve ever been in that situation, you should relate.

I remember a couple of months back, a good friend of mine literally had to liquidate almost all his holdings, if not everything (it wasn't huge though, but was a decent stack). And it wasn’t obviously because he wanted to, it was just because he ran into a serious financial issue and had no backup funds to fall back on, and nobody to help, so the only option he had was to touch his Bitcoin stack, in addition sold a property.
So literally all his long term thinking and plans did get pushed aside, because survival becomes the priority.

buying aggressively doesn’t have anything to do with back up funds. When you buying aggressively it either you have a case of Lump sun or having an increase in discretionary income and sometimes some one can even have an increase in discretionary and not be aggressive. Incase where you have an increase in discretionary income some people might choose to allocate more of it to buying aggressive, some might allocate it to emergency funds or even reserve funds or even something outside bitcoin and will end up putting little into bitcoin.

It really good to have back up funds in a Bitcoin journey but in a case go buying aggressively back up fund play little or no role because it sole purpose is to come in when their is case of personal emergency.

[Stormisover]

The idea of the DCA being slow comes from people who want to go into investing with short term plans, if you are actually planning on the long run then DCA won't seem as slow, a simple look at probability will show that using an average amount from your discretionary income on a weekly basis for a few years will push your holdings a long way from where you started, this isn't even about the profit, it's just about how much you would have invested in bitcoin already by then, what this shows is that DCA isn't slow, it just seems like it.

An investor who even thought of DCA being slow is definitely aiming for short term gains and the short term investment is just about the profits. When an investor have long term mindset towards their bitcoin journey then such investor wouldn’t even see DCA as a slow strategy because such investors doesn’t need to worried about the journey being slow because it just about the long term so why in a rush.
 Seeing DCA as a slow strategy shows a little attributes of a traders mindset which is chasing after short term Profits and that not what we should prioritize.

Well from my own perspective i think anyone who looks DCA in every 5 minutes it should look so slow…well even buying bitcoin with an horizontal’s well most time when buying in the weekly or monthly it doesn’t feel slow enough…it feels boring in the best way. You’re not trying to time the bottom, you’re just accumulating more sats while everyone else is stressing….

Anyone who is investing in bitcoin doesn't need to constantly be checking to see if the price has increased or if they've already started making profit, if a person is DCAing then the only time they should check the price of bitcoin is when they are buying their regular bitcoins and this is only because to buy bitcoin they need to know what it is worth at the time (for me at least) but beyond that point there is no need to constantly be checking the price of bitcoin.

I will start by saying that it is a personal decision for an investor whether to or not to check the worth of Bitcoin at the time of their buying through the DCA and another thing also I want to point out is that every investor has the freedom to check what the price of bitcoin is even when they are not at their regular buying of Bitcoin, let's have it that there is a big difference when checking the price influences how you make your investment and checking the price so you could know what's happening, majority of us check the price infact we do receive notifications on the market changes and it doesn't influences our investment decisions, you can't say people should be oblivious of what is happening around the market even when they have the time to simply because they are investors, no you can't say so.

[Obulis]

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.
Therefore, the DCA method of Bitcoin investment will definitely be identified as an effective method when it is held for a long time. This will become a reality in the current situation, because Bitcoin investment should be done patiently, and if one can follow the DCA method, it will definitely become easier to hold Bitcoin for a long time.

There is no certainty that you will make profit when you invest in Bitcoin. No matter how long you hold for making profit over your investment is not certain. These is one the mistake a lot of people make when investing. When you invest with the sole aim of having something to hold on to for your future than thinking over profit making then you will be less concern about becoming rich.

DCA have proven to be the best strategy to use in accumulating bitcoin, it give you that freedom to invest in what you can actually afford to lose.

So mate, Stop having that mindset of believing that you can make profit over bitcoin investment, there is not certainty over it.

Abbatty I guess you should have just gone direct to the point instead of beating the bush, in as much as Bitcoin investment is not certain that doesn't mean anyone who is not thinking of profits or trading but is holding Bitcoin for the future will be less concerned about becoming rich. Some people hodling Bitcoin are richer than some thinking of profit or trading. The point you made is mindset issues it has nothing to do with hodling Bitcoin. When you hodl Bitcoin and take it as a means or only means of becoming rich that is when what you have dropped here becomes true (that is being less concerned about becoming rich) if not investors are pushing on there Bitcoin for passive long-term gain not that they are less concerned about becoming rich, they are busy with other things.
As an investor investing what you can afford to lose (discretionary funds) and using DCA strategy, you will see that it's a passive long-term approach which doesn't mean that all you are doing to become rich is Bitcoin investment. Ask yourself, when do you get your discretionary funds? Is it not after necessary expenses? Of which business capital or growth can be part of your necessary expenses and that your discretionary funds is what all or part of it now goes into Bitcoin.

[SmartCharpa]

The idea of the DCA being slow comes from people who want to go into investing with short term plans, if you are actually planning on the long run then DCA won't seem as slow, a simple look at probability will show that using an average amount from your discretionary income on a weekly basis for a few years will push your holdings a long way from where you started, this isn't even about the profit, it's just about how much you would have invested in bitcoin already by then, what this shows is that DCA isn't slow, it just seems like it.

An investor who even thought of DCA being slow is definitely aiming for short term gains and the short term investment is just about the profits. When an investor have long term mindset towards their bitcoin journey then such investor wouldn’t even see DCA as a slow strategy because such investors doesn’t need to worried about the journey being slow because it just about the long term so why in a rush.
 Seeing DCA as a slow strategy shows a little attributes of a traders mindset which is chasing after short term Profits and that not what we should prioritize.

That’s the mindset of people who think DCA is too slow for them. Their main focus is to make quick profit in a short term, and long term investors do not see this strategy as slow at all. But they see it as one of the best ways to accumulate Bitcoin gradually without putting themselves under any stress.

Moreover, long term investors understand that it’s not easy to build your bitcoin for a long term, it requires patience and consistency. DCA helps to reduce fear during the up and down, and allows investors to focus on their long term goals, not quick gain. Because at the end of it, an investor who stay consistent for the long term are the ones who will benefit more in bitcoin not those who think they can outsmart the market.

[Rockson1]

I don't see it as a big deal looking at the market periodically to know what's happening in the market, because it's only when you take a look at what's going on there , and you will get to know when their is a dip or not, but what I think that is wrong is staying glue to the chart, like constantly monitoring it's hourly, that's the trait of a trader, and by doing so you might temper or sell your Bitcoin investment in panic if your emotions gets the better of you.

So checking on the value of Bitcoin to see what's happening in the market is not bad, but doing it in excess like staying glue to the chart is where it's totally wrong.

Are you the one saying this, I want to know is it about the the dip or is there any other good reason you can present to us why one should be looking at the market as you presented?
Don't you think that people that got attached to the chart started from one day and became addicted to the doing without the chart, this checking of chart is what is used to identify a trader of course you know that, and for me I do not encourage anyone on that, if one will do that for just knowing the value of Bitcoin not always then it is fine but we know that individuals to stick to this method is almost impossible, since we know the effect of constant check of chart is to investors, it is adviceable to avoid it.

[Silikiem]

Anyone who is investing in bitcoin doesn't need to constantly be checking to see if the price has increased or if they've already started making profit, if a person is DCAing then the only time they should check the price of bitcoin is when they are buying their regular bitcoins and this is only because to buy bitcoin they need to know what it is worth at the time (for me at least) but beyond that point there is no need to constantly be checking the price of bitcoin.

What they need to see is the movement of market conditions regarding the price. This is because someone's goal in checking the price is to make a purchase. In my opinion, it's perfectly appropriate for someone to check the price of Bitcoin. Basically, they're checking with the intention of buying Bitcoin, not just for the sake of making a profit. For them, those profits will always be felt as long as they continue to accumulate Bitcoin, whether regularly or not. Clearly, buying Bitcoin is more important than checking the market to see if there's a profit or not.
For those who accumulate Bitcoin, it is appropriate to examine market conditions regarding the prices that occur when they want to buy Bitcoin with the aim of accumulating it for the long term. So after they see market conditions, they are sometimes more motivated to buy Bitcoin in an amount based on their cash flow.

It’s not appropriate for a long term bitcoin investor who is investing with the DCA strategy to be examining the market price or condition before buying bitcoin because with the DCA strategy you are ought to be accumulating bitcoin at any market condition. All you need is just to focus on figuring out your discretionary income and regularly go on and accumulate bitcoin according to your DCA plan either weekly or monthly basis depending on how your discretionary income flows. Getting motivated as a result of seeing the market conditions before buying bitcoin is a trader’s mindset aiming for quick profit and not a true investors mindset because as a real investor whose initial strategy is focused on consistent or perhaps persistent accumulation of bitcoin and hold for long term goal with the DCA method every market price is supposed to motivate you to buy bitcoin and hold, what you only need is just your availability of discretionary income to use and motivate yourself to buy regardless of any market condition or price.

[Alonso_]

Bro...Many people believe that DCA slows down Bitcoin deposits. But I agree with you that it never slows down Bitcoin deposits.

Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper  Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy.
What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.

Methods used by any investors is unique, providing that an investors feel satisfaction with such methods and never to sell prematurely of any Situation Bitcoin price in market, i want you to note this, as far as Bitcoin investments is concern, every methods is unique to every investors and i don't think investors believe that DCA method can slow any investors down, we all knows that discretionary income can come in any form like big or small, using DCA method doesn't actually mean you will buying Bitcoin in the smallest form but you are to buy aggressively as you can afford to lose and more over DCA has assured all investors not to be afraid of losing everything.

Not all methods that is used in buying bitcoin that is all unique like you have said, are you trying to tell me that if an investor is waiting to buy the dip is a very unique way of investing in bitcoin? However there are ways you can buy through the dip that isn’t a wrong way because you’re not waiting for the dip to come, most especially when you’re buying and accumulating bitcoin weekly and monthly and you come across a dip you can always buy and accumulate bitcoin, so there is always a way to it, so like you have said not all ways you use in buying bitcoin that is quite unique most especially waiting for the dip before buying bitcoin isn’t always a good way of investing in bitcoin.

[Futurexxx]

I don't see it as a big deal looking at the market periodically to know what's happening in the market, because it's only when you take a look at what's going on there , and you will get to know when their is a dip or not, but what I think that is wrong is staying glue to the chart, like constantly monitoring it's hourly, that's the trait of a trader, and by doing so you might temper or sell your Bitcoin investment in panic if your emotions gets the better of you.

So checking on the value of Bitcoin to see what's happening in the market is not bad, but doing it in excess like staying glue to the chart is where it's totally wrong.

Are you the one saying this, I want to know is it about the the dip or is there any other good reason you can present to us why one should be looking at the market as you presented?
Don't you think that people that got attached to the chart started from one day and became addicted to the doing without the chart, this checking of chart is what is used to identify a trader of course you know that, and for me I do not encourage anyone on that, if one will do that for just knowing the value of Bitcoin not always then it is fine but we know that individuals to stick to this method is almost impossible, since we know the effect of constant check of chart is to investors, it is adviceable to avoid it.

Look at my statement again bro, I said that looking at the price chart periodically is not a bad idea, because by doing so you will get to know or stay updated on what's happening, but what I think is wrong is staying glue to it, like constantly monitoring the price chart hourly, because that's what traders do, not investors that are only thinking long term.
I felt that you did not properly understand what I was saying before you responded, but if you are still in doubt, I urge you to take a look at it again before making conclusion on my statement.

[Crytohillss]

Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper  Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy.
What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.

But I think what matters most is having a good method and staying discipline and consistent with it , waiting only for the dip is not always the best strategy because nobody can perfectly predict the future market. But if one are already purchasing and accumulating Bitcoin weekly or monthly then taking advantage of the dips. For me buying the dip shouldn't be the main strategy  yet it should just be an extra opportunity to accumulate more while sticking to your regular investment .

[Big Dirams]

Anyone that thinks that dca accumulating strategy slow down Bitcoin accumulation is just an impatient traders that thinks that a proper  Bitcoin accumulation is something that happens overnight, without looking at the fact that it happens overtime when you are consistent in your dca accumulating strategy.
What makes the dca accumulating strategy unique is that you will have the chance to buy at every price interval, and may even do it aggressively during the dip with your reserve funds, so it's the best Bitcoin accumulating strategy statistically.

But I think what matters most is having a good method and staying discipline and consistent with it , waiting only for the dip is not always the best strategy because nobody can perfectly predict the future market. But if one are already purchasing and accumulating Bitcoin weekly or monthly then taking advantage of the dips. For me buying the dip shouldn't be the main strategy  yet it should just be an extra opportunity to accumulate more while sticking to your regular investment .

Many of this new investors of bitcoin fails to understands is that there are alot of opportunity and benefits in DCA strategy when it comes to invest in bitcoin. During DCA we can witness so many opportunities even this opportunity of buying during dips we can witness as many as possible because we are keeping up with constant accumulation either it being weekly or monthly which gives us edge that we might one day come across dips so as an investor avoiding the procrastination of waiting for dips and start the journey toward building your future with bitcoin.
With DCA we might end up not even buying at dips but the outcome of our constant accumulation of bitcoin could be something massive in the future.

[Nheer]

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True, since if they are consistently doing DCA for lots of years. That $2k will be not as huge compare on the overall portfolios that they owned.

This is actually the best thing about compounding since they may feel heavy at early phase, but when they are on it for lots of years they may feel its normal and those accumulations phases feel's light.
What's actually the best part their is those extra funds they have offer them flexibility. On which they can hold it back depends if they are comfortable to do it, spread out or even do front load. Their discipline towards being consistent with their accumulations matters more than doing any single lump sum.

It cuts both ways, and if guys are not consistently buying, then after a while they might start to feel that they no longer need to buy because each small amount that they buy is not adding very much value to the overall bitcoin stack size.  Whether they are making an appropriate assessment is not always clear, since there may well be guys who stacked coins for several years, yet they ended up stopping or slowing down their stacking, so it ends up taking them way longer than it should have had taken to get to a point of overaccumulation.

Think about two guys who started out investing $100 per week into bitcoin 10 years ago (in April 2016), and after their first year, they invested $5,200 and they had accumulated 8 bitcoin.

Maybe the first guy stops buying because he figures that he has enough and he doesn't really want to keep buying bitcoin when the prices are much higher than when he started.

The second guy continues to buy bitcoin at $100 per week for the next 9 years from April 1, 2017 until now, so he invested another $48k and got another 4.2 BTC, so he  had invested a total of $53,200 and his total bitcoin is 12.2, and the first guy still just has 8 bitcoin (to the extent that he was able to hang onto the 8 BTC), yet the first guy ONLY invested $5,200.

Which guy would you rather be?

It is not uncommon for some guys to give up stacking bitcoin early, and sometimes they even will sell parts of their stash so guy 1 might not have had been able to hang onto 8 whole bitcoin for 9 years, and guy 2 just continued to stack in order to get to 12.2 BTC, which seems to have had put him in a way better position than guy 1, even though he invested 10x more than guy 1, and he only got 50% more bitcoin.. yet there seems to be some value in continuing to plod away in terms of staying focused on ongoing buying.

You explained the importance of consistency in Bitcoin accumulation very well and it clearly shows that stopping halfway can end up being a disadvantage in the long run. People need to understand that once they decide to invest for the long term there is no reason to stop buying just because the price has increased compared to when they start or because they feel their purchase no longer have enough impact. There’s also no need to force yourself to increase the amount you invest if it is not comfortable financially and even sticking to the same amount you started with can still turnout to be something reasonable with time if it is done consistently. And naturally when someone stops buying completely it is easier for them to lose the mindset and discipline of regular accumulation which can easily lead to selling their holdings. Consistent buying does not only help grow holdings it also helps maintain long term commitment and discipline.

The real advantage is not just the amount of Bitcoin accumulated but the mentality and consistency developed from buying regularly. So to answer the question I think personally I would rather be the guy who continued buying consistently till the end. A