JJG’s Outline of Bitcoin Investment Ideas

[Charcol]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

Are you contradicting yourself?
Actually, you said at the beginning that it is not right to wait for DIP. Then you say that when DIP comes, you can buy aggressively by taking out a loan or selling the land. Why don't you understand that if DIP is waiting for an unknown future, then I think taking a loan for the same unknown event can be even more risky. Because buying on loan means going beyond your discretionary income and buying with money that may actually be beyond your ability. Because if the interest rate on the loan is high and the time is short, it will be a cut in your throat. However, in some cases, taking a loan may be reasonable, if the interest rate on the loan is low or the loan is available for a long time. In this, there is an opportunity to repay the loan gradually in many installments. But before taking a loan, you need to be sure whether you can repay that loan or not. In this, you can take advantage of DIP and gradually, without any stress, the loan may be paid off before you know it.

[cxtreenal]

Anyone who decides not to accumulate bitcoin because they think the price is too high doesn't know what they are doing, over the years everytime the price of bitcoin has seem to be high it has always found a way to go even higher, even with what the current ATH is we are still expecting it to go higher and hit a new ATH eventually, the very driving force for why some people are still accumulating is because the believe bitcoin will climb higher and hit even new ATH.

The problem here is that those people that are not willing to accumulate are those that does not have any opportunity, in this world they have different people and based on this kind of category is the reason why a lot are seeing bitcoin investment as something else. That is why they keep on procrastinating in terms of bitcoin investment, some of these people doesn't have access to any fund and they also don't want to encourage anyone. Immediately I see this kind of people, I challenge them I don't collect shit from them because I know what bitcoin is, that is why I always want people around me should really know about Bitcoin.

There are people with the funds who are still not accumulating, its not always about them not having discretionary income to buy with because the truth is that most of them do have the discretionary income, they are just too afraid to leave their comfort zone, the simple truth is that long term bitcoin investment is exactly what it is; long term, these people just don't want to put themselves inside that journey, they want something quicker and that's why they can't bring themselves to buy with the excuse that bitcoin is too expensive.

People who want quick profits have mental instability, so they cannot stay in one place. There are many people with different mindsets in society, all of them earn money but only a few become rich. If you search for the root cause, there was a kind of strong and courageous mindset among the rich people. They started by mentally preparing themselves to change positively. Those people did not grow up in a day, they tried for a long time and as a result they got the reward. They worked hard and took risks within their means, so they reached a good position financially.

Earning a small amount of money is not an excuse not to invest, it is a kind of laziness and lack of confidence in yourself. Start the Bitcoin journey in the long term and keep it in line with your earnings and through discretionary income.

[Insanity]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

Are you contradicting yourself?
Actually, you said at the beginning that it is not right to wait for DIP. Then you say that when DIP comes, you can buy aggressively by taking out a loan or selling the land. Why don't you understand that if DIP is waiting for an unknown future, then I think taking a loan for the same unknown event can be even more risky. Because buying on loan means going beyond your discretionary income and buying with money that may actually be beyond your ability. Because if the interest rate on the loan is high and the time is short, it will be a cut in your throat. However, in some cases, taking a loan may be reasonable, if the interest rate on the loan is low or the loan is available for a long time. In this, there is an opportunity to repay the loan gradually in many installments. But before taking a loan, you need to be sure whether you can repay that loan or not. In this, you can take advantage of DIP and gradually, without any stress, the loan may be paid off before you know it.

It appears that the advice to not wait for a dip. And then to take loans or sell assets when a dip happens is conflicting. It's not certain enough already waiting for a dip, but it is even more risky to have to take out a loan for something that is uncertain. The safer option for most is to regularly purchase Bitcoin with disposable income. Rather than at one time. Low interest loans could be a viable option in certain cases. But if investors are not 100% certain they can pay back the loan without causing financial stress. Then they should not pursue it.

[IceLincoln]

C’mon now man do i still have to explain this again? I was pretty much very clear in my above write up and perhaps if you had read it and assimilated it, you would have understood what i was saying. I’m not talking about the type of investment that people do with their bitcoin wether it’s long term or short term. I’m only pointing out that people have different reason for why they decide to be buying bitcoin and holding it for a long time. And I made mention of three reasons in my above write up.
It’s easier for someone who has a clear reason for why they are holding bitcoin long term to make good decisions with their bitcoin investment because they know that they have a goal to achieve and they wouldn’t want to fuck it up because it is important to them. Somebody saving up bitcoin to buy a car in the future will have more zeal and motive to protect their assets more than someone who is just investing because they saw one of their friend doing it. Those are two different people, one tends to be more focused on their long term goals while the other could potentially be reckless with their investment because they have no clear vision.

You don't just invest into bitcoin because you want use your bitcoin investment to buy a car and sell it all when you have reached the amount of money that you need to purchase the car. Bitcoin is an investment that the longer you hodli, the more profit it generates overtime due to the compounding effect of your bitcoin portfolio.

Bitcoin is a good investment that should be used in the future to improve your financial strength as you hodli overtime after reaching your bitcoin target. You are to even withdraw using a sustainable withdrawal method that allows you to little profits based on a time or at a particular price target and that's when you have reached your over accumulation stage.

Imagine, you selling a good long term investment that is a store of value overtime and buy a car that's a liability and depreciates overtime. In the next five years, you might not be driving the car again because it's old and faulty but you bitcoin stash in the next five years will have generated a good amount of profit for holding it. Put investment as your prior to liability in life in order to allow you grow financially overtime.

While your advice is very valid I also think that individuals are responsible for their own financial decisions. We can try our best to suggest and encourage them to take a better approach and view, but people will still choose based on their own goals and circumstances.
Blueblood is correct that people have different reasons why they’re buying bitcoin whether those reasons are good or bad, it’s the personal motivation that got them started and what keeps them going to reach their target.
Sometimes it’s even better to have those goals he listed than to just be following the crowd, when there’s a defined goal you’ll be more motivated and committed than when there’s none.

At the end of the day, We can only advise against some bad practices just like we keep talking about waiting for the dip to buy but that has not stopped people from waiting.

[Merit.s]

Sometimes, it's not that people aren't investing long-term but rather because of financial circumstances that force them to invest short-term. This doesn't mean we can equate all Bitcoin investments with the same approach.

Every choice made by a person certainly has a goal and mindset for each of them and I really agree with the idea you said that the biggest mistake is indeed if they do it with a short-term investment pattern only what we need to understand together is that someone who does it with a pattern like that is definitely from the financial side and income that does not fully support them to make long-term investments so that the short term is their last way to do it like that and they also think that if the income they get is always stable or have more than one source of income of course they will not follow or do it with a short-term pattern they will definitely make long-term investments so their last choice when their income is lacking is to invest with a short-term pattern.

Doing this, of course we are someone who has a lot of finances or income especially weekly or monthly income because every person who makes long-term investments and will not touch the investments that have been collected of course that person can be said to just sit back and every month or week there is always income that exceeds their needs and let alone those who do like that we personally will also do the same thing to not touch what we have collected because they do it very easily in terms of finances that come to them and I liken them to having a business that has more than five businesses so that every week they have income from one business or business that they created so that two of our businesses are sufficient for needs so that three more are projected towards Bitcoin investments without us touching this is a picture that we can say as an example.

If you don't have discretionary income, there's no need to buy bitcoin with money for your basic needs because it doesn't make sense at all. If bitcoin price dips and your needs arises, you will definitely sell at loss and start crying that bitcoin is a scam because you invested wrongly with money for your needs.

What you need to start your bitcoin investment with is your discretionary and not a most that you must have five Jobs or more jobs. No matter how little the amount is even as low as $10, you can use it to DCA weekly and be consistent with it. This is why you need your discretionary income to accumulate bitcoin to enable you continuously buy bitcoin and keep your bitcoin accumulation ongoing overtime.

If you don't even have a steady discretionary income, you can buy bitcoin at that moment with the your discretionary income that comes once in a while, and work on improving your income by looking for a second job or learn a skill and use the money from your second job as your discretionary income to enable you DCA consistent and persistent even aggressively overtime in order to reach your bitcoin target fast. Short term is trading/gambling.

[Hardyrobust]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

Are you contradicting yourself?
Actually, you said at the beginning that it is not right to wait for DIP. Then you say that when DIP comes, you can buy aggressively by taking out a loan or selling the land. Why don't you understand that if DIP is waiting for an unknown future, then I think taking a loan for the same unknown event can be even more risky. Because buying on loan means going beyond your discretionary income and buying with money that may actually be beyond your ability. Because if the interest rate on the loan is high and the time is short, it will be a cut in your throat. However, in some cases, taking a loan may be reasonable, if the interest rate on the loan is low or the loan is available for a long time. In this, there is an opportunity to repay the loan gradually in many installments. But before taking a loan, you need to be sure whether you can repay that loan or not. In this, you can take advantage of DIP and gradually, without any stress, the loan may be paid off before you know it.

It appears that the advice to not wait for a dip. And then to take loans or sell assets when a dip happens is conflicting. It's not certain enough already waiting for a dip, but it is even more risky to have to take out a loan for something that is uncertain. The safer option for most is to regularly purchase Bitcoin with disposable income. Rather than at one time. Low interest loans could be a viable option in certain cases. But if investors are not 100% certain they can pay back the loan without causing financial stress. Then they should not pursue it.

Taking a loan during a dip is not a great idea. There are other ways an investor can actually prepare for a dip , for an investor that is planning to buying bitcoin during a dip is not a good idea for them to wait for the dip to occur before they can start accumulating bitcoin. They can be going with bitcoin accumulation using DCA strategy and be setting aside some part of there discretionary income for buying the dip. An investor can take loan to buy bitcoin during a dip when they have other means of paying back the loan aside there bitcoin investment but it is still not a good idea to take loan in other to buy bitcoin during a dip.

[Creeper0]

Taking a loan during a dip is not a great idea. There are other ways an investor can actually prepare for a dip , for an investor that is planning to buying bitcoin during a dip is not a good idea for them to wait for the dip to occur before they can start accumulating bitcoin. They can be going with bitcoin accumulation using DCA strategy and be setting aside some part of there discretionary income for buying the dip. An investor can take loan to buy bitcoin during a dip when they have other means of paying back the loan aside there bitcoin investment but it is still not a good idea to take loan in other to buy bitcoin during a dip.

I don't see anything wrong with investing in debt under any circumstances if you have the ability to repay the loan while keeping the promise. Especially when the market is giving us the opportunity to buy dips, if there is an opportunity to invest in debt and if you have the ability to repay the loan on time, you can definitely invest in debt, it can be a wise move.

In this case, you must be especially careful about repaying the loan, if there is even the slightest doubt about the ability to repay the loan on time, then refrain from investing in debt. Even there is no need to take complicated loans for investment, if you are able to get a loan easily, then plan to invest in debt. Debt is not bad if you have the ability to repay and are honest in repaying the loan.

[Father111]

one thing is for sure that the price of bitcoin will always continue to go up even though it is down at some point in time. Lea

Please don’t mislead folks here with this statement (especially beginners). It might push them to put in everything they have, hoping for bigger returns later, which is very dangerous. Bitcoin has dropped many times before too and it can drop again. Just think of Bitcoin as a risky asset and only invest money you are okay with losing. Remember nothing is guaranteed in this life. That's why it's advisable to use DCA strategy and focus on investing long term so you won't bother about the fluctuations

I don't see any misleading of folks here by silikiem, is you that didn't get the whole information on what he was saying, the continuity of bitcoin price continue to go up is always there and even though at some point, the bitcoin price will still drop again, i don't think a newbie that will understand all this facts and still conclude that silikiem is misleading him in anyway.

[Obulis]

You are right that buying the dip actually seems attractive,but the reality is still deep on the market timing, no one can actually predict when the price would be pump or dump there's no any certainty on that perspective and that uncertainty is exactly why many investors who tends to target the dips struggle when they focus too on waiting for the perfect dips. So the reliable approach is to focusing on buying consistently whenever discretionary income are available, and that's why the Dollar cost averaging DCA still remains the most strongest strategies to approach for a long-term holdings and safer for investors. Instead of some should stop relaying on predictions skills and focus on thier income and also discipline. If an investor begins buying bitcoin regularly regardless of the price movement,  it actually removes the stress emotionally on trying to predict or target the perfect time.

personally, buying the dip doesn't seem attractive to me due to the fact that it is time consuming. Just like you said that there's no certainty about when the dip will happen, of course that's the more reason why I don't find it attractive. Majority of the investors who feel buying the dip is the best method for Thier Bitcoin accumulation end up wasting a whole lot of years just to wait for the dip, some started recently why some are yet to get started meanwhile, those of Thier friends that started together with them and have chosing to adopt the DCA is close to achieving Thier investment target. These method of buying the dip delayed a lot of guys from not starting Thier Bitcoin investment quite on time, so  I don't even see anything attractive about this method.

Buying the dip is actually not attractive. Within the same period of time there's less tendency of an investor buying the dip to be close to their accumulation target compared to an investor using DCA strategy. DCA strategy gives an investor the chance to make good use of the dip without necessarily waiting for the dip but just busy DCAing but increase buying on obvious decline like if BTC is $70,009 and when your interval to buy is due BTC drops to $65,000. knowing this is, you decide to add planned extra available discretionary funds to buy Bitcoin.

[Grease5000]

You are right that buying the dip actually seems attractive,but the reality is still deep on the market timing, no one can actually predict when the price would be pump or dump there's no any certainty on that perspective and that uncertainty is exactly why many investors who tends to target the dips struggle when they focus too on waiting for the perfect dips. So the reliable approach is to focusing on buying consistently whenever discretionary income are available, and that's why the Dollar cost averaging DCA still remains the most strongest strategies to approach for a long-term holdings and safer for investors. Instead of some should stop relaying on predictions skills and focus on thier income and also discipline. If an investor begins buying bitcoin regularly regardless of the price movement,  it actually removes the stress emotionally on trying to predict or target the perfect time.

As a long term investor, I think it's a bad approach when someone focus too much on trying to catch the perfect dip because nobody knows where the bottom is. For.me the best approach which I prefer is  to buy Bitcoin consistently with my discretionary income through DCA.

But if there's a major price drop and I have extra discretionary income available, I may buy a little more. The important thing is that I'm not trying to time the market or guess the bottom. My focus is still on building my position over the long term.  In the long run, discipline and consistency matter more than trying to time every price move.

[Agbam]

I agree with your opinion @ZerovinsonN. From what I have seen in real life, a person earning $10.000 and saving $1.000 every month can end up accumulating more Bitcoin than someone earning $50,000 but spending almost everything.

For me, Bitcoin accumulation is not really about how much a person earns, but about how much discretionary income he or she can consistently set aside. Someone  with smaller income with good money management can go further than someone who earn bigger income  but with poor spending habits.

Bitcoin investment is not a competition, everyone has a target concerning their investment so they should know the amount they can comfortably allocate from their income for discretionary funds, do not forget that we all have our different responsibilities too which can never be same, someone earning more income might even have more important responsibilities to handle than a person earning lesser.

 That's why everyone should invest according to their income and most especially according to what's left after sorting out necessities, i don't expect that one should invest beyond the limit of the cash flow for discretionary cause someone else is investing with a certain amount higher than theirs whereas the person has more responsibility than the other.

I think you misunderstood my point @princessleah. My point was never that bitcoin accumulation is a competition. Because everyone has different responsibilities, expenses, and financial goals.

What I was trying to highlight is that income alone does not tell the full story. Two people can earn the same amount, yet one is able to invest consistently because he manages his money well and creates discretionary income, while the other struggles to do so. At the end of the day, what matters is not how much a person earns, but how much he can comfortably set aside for Bitcoin after taking care of his necessary expenses.

Yeah I support your argument @Grease5000, that’s actually the reality. The most important thing is how much discretionary income you have and how much of it you actually invest. A large income doesn’t necessarily mean a large discretionary income. This is why financial management is important, how you budget your money and manage expenses matters a great deal.

Yes we are not expected to be in any kind of competition with anyone as everyone doesn’t have the same financial capabilities and circumstances. The idea is not to compare yourself with others but to remain consistent in your accumulation and invest within your means.

[Popkon6]

personally, buying the dip doesn't seem attractive to me due to the fact that it is time consuming. Just like you said that there's no certainty about when the dip will happen, of course that's the more reason why I don't find it attractive. Majority of the investors who feel buying the dip is the best method for Thier Bitcoin accumulation end up wasting a whole lot of years just to wait for the dip, some started recently why some are yet to get started meanwhile, those of Thier friends that started together with them and have chosing to adopt the DCA is close to achieving Thier investment target. These method of buying the dip delayed a lot of guys from not starting Thier Bitcoin investment quite on time, so  I don't even see anything attractive about this method.

Buying the dip is actually not attractive. Within the same period of time there's less tendency of an investor buying the dip to be close to their accumulation target compared to an investor using DCA strategy. DCA strategy gives an investor the chance to make good use of the dip without necessarily waiting for the dip but just busy DCAing but increase buying on obvious decline like if BTC is $70,009 and when your interval to buy is due BTC drops to $65,000. knowing this is, you decide to add planned extra available discretionary funds to buy Bitcoin.

You can invest in Bitcoin in any way, but the most DCA method is the best investment strategy. This is usually not to use emergency funds in small dumping, I did not like your strategy. Because if the price of Bitcoin drops from $70k to $65k, how will he use emergency funds to buy Bitcoin? At this time, if the price of Bitcoin continues to fall further, then that person may face danger and panic and leave his Bitcoin holding at a loss.
So emergency funds should not be used in this general market fall, if the price of Bitcoin suddenly drops from $70k to $40k, then he can use emergency funds up to 50% of his total money. And if there is a further fall, then he can use 25 percent of his average bill in this way in stages (estimated Bitcoin purchase strategy).

[Taricoins]

Sometimes, it's not that people aren't investing long-term but rather because of financial circumstances that force them to invest short-term. This doesn't mean we can equate all Bitcoin investments with the same approach.

Every choice made by a person certainly has a goal and mindset for each of them and I really agree with the idea you said that the biggest mistake is indeed if they do it with a short-term investment pattern only what we need to understand together is that someone who does it with a pattern like that is definitely from the financial side and income that does not fully support them to make long-term investments so that the short term is their last way to do it like that and they also think that if the income they get is always stable or have more than one source of income of course they will not follow or do it with a short-term pattern they will definitely make long-term investments so their last choice when their income is lacking is to invest with a short-term pattern.

Doing this, of course we are someone who has a lot of finances or income especially weekly or monthly income because every person who makes long-term investments and will not touch the investments that have been collected of course that person can be said to just sit back and every month or week there is always income that exceeds their needs and let alone those who do like that we personally will also do the same thing to not touch what we have collected because they do it very easily in terms of finances that come to them and I liken them to having a business that has more than five businesses so that every week they have income from one business or business that they created so that two of our businesses are sufficient for needs so that three more are projected towards Bitcoin investments without us touching this is a picture that we can say as an example.

If you don't have discretionary income, there's no need to buy bitcoin with money for your basic needs because it doesn't make sense at all. If bitcoin price dips and your needs arises, you will definitely sell at loss and start crying that bitcoin is a scam because you invested wrongly with money for your needs.

The moment you have fail to understand that your discretionary income is what should be used for your Bitcoin investments then I think you have already failed on whatever you are doing because a time will come when maybe there would be major need for life purpose and then you have or you are probably using money meant for those life necessities to buy Bitcoin which will now result to you selling off your Bitcoin to sort out those issues leaving you with probably zero asset or which has equivalently turned you to a no coiner.

Bitcoin investment is done with discretionary income for a reason and that's why if you don't a job that will give you means to discretionary income even if it's the smallest amount possible there is need for you to get one before starting your journey, you can't he buying Bitcoin with money that's meant for handling your basic needs with the hope that the price will rise before the need might come which is simply not investing as that sort of habit would be class as short term trading and when you involve in that there is absolutely no way that your Bitcoin portfolio will grow because remember Bitcoin investments is aimed to be successful more when the goal is long term and in order to execute that you need a source that will get you your discretionary income even if it's a small amount and from your discretionary income you can start buying and accumulating Bitcoin through DCA method.

[Padi24]

It appears that the advice to not wait for a dip. And then to take loans or sell assets when a dip happens is conflicting. It's not certain enough already waiting for a dip, but it is even more risky to have to take out a loan for something that is uncertain. The safer option for most is to regularly purchase Bitcoin with disposable income. Rather than at one time. Low interest loans could be a viable option in certain cases. But if investors are not 100% certain they can pay back the loan without causing financial stress. Then they should not pursue it.

It seems that Some investors don't know when they are over-stepping their boundaries. Taking out loan to invest in bitcoin because you meet a good buying opportunity is more like over-do. An investor who truly understand the concept of Bitcoin investment will never think of taking out loan to invest no matter the situation they find themselves into, if they don't have enough discretionary income to buy aggressive as they wish to, they will have to reduce it in a way that it will not require tempering other funds or taking out loans Because they are aware of the damage it would cause them.

 The reason why most investors go extra mile during the dip is because they have already planned how aggressive they will become when they finally meet the dip, but since they have been buying regularly at same time waiting for the dip, sometimes it might happen when Thier discretionary income is not enough for them to be aggressive as they planned to become. But instead of taking out loan just to have Thier plan executed, I will advised they reduce it according to the level of Thier available discretionary or better still they should maintain Thier ongoing buying of bitcoin maybe next time they might be lucky to meet the dip when there's enough discretionary income at their disposal.

[KeenanEl19]

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously,.then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

The first thing I see you saying is that taking advantage of price drops or buying aggressively, that's not true at all or what I bolded, it's like a perception that goes against the concept but with the other statement in paragraph three you said someone can take out a loan by borrowing and buying aggressively, even though by investing reasonably or normally I don't think it's recommended to use a loan.

So it's like the opposite of the statement you said at the beginning, and buying aggressively in my opinion should not be done continuously, the fear is that this can affect your finances or cash flow which becomes chaotic, everything must be in accordance with the measure or ability of each of us and even never force to buy aggressively especially by borrowing to buy aggressively.

[reagansimms]

Buying the dip will always be a strategy which will always involve timing the market regardless of whether you are waiting to do it or not... Bitcoin isn't a stable coin that folks can just easily predict it's price direction.. Bitcoin is rather an extremely volatile asset. And as such, no one can actually know for certain whether today's dip is actually cheap or whether the price will still go much lower the next day..And that's uncertainty is exactly why buying the dip will always involve timing the market m, coz how exactly do you intend of knowing whether there is a dip or taking advantage of it without timing being involved?
Also, it isn't really advisable for folks to base their buys on price dip due to the uncertainty of dip. The best decision will always be to buy whenever one's discretionary income is handy and available...

You are right that buying the dip actually seems attractive,but the reality is still deep on the market timing, no one can actually predict when the price would be pump or dump there's no any certainty on that perspective and that uncertainty is exactly why many investors who tends to target the dips struggle when they focus too on waiting for the perfect dips. So the reliable approach is to focusing on buying consistently whenever discretionary income are available, and that's why the Dollar cost averaging DCA still remains the most strongest strategies to approach for a long-term holdings and safer for investors. Instead of some should stop relaying on predictions skills and focus on thier income and also discipline. If an investor begins buying bitcoin regularly regardless of the price movement,  it actually removes the stress emotionally on trying to predict or target the perfect time.

In my opinion, waiting for the price to drop completely is like a trap. No one can really predict when prices will rise or fall, waiting will trap investors in a situation of paralysis by analysis because no one knows where the bottom is. Investors who have actively implemented the DCA strategy since 2018 until now have achieved 99% profit, while those who went all in still have their assets stuck.
DCA can minimize stress. Investors avoid FOMO when prices rise or panic when prices fall because this strategy averages out purchase prices. When prices are low, they get more assets, and when prices are high, they get less. However, overall, DCA averages out the cost of asset accumulation over time.

Yes, investors should stop relying on predictions, they should focus on income and discipline, that's the key. Bitcoin is like a marathon, not a 100-meter sprint. Those who are consistent have a greater potential for long-term profits than those who feel they are good at predicting market movements.

[Itz-prisigold]

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan, he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

I'm not sure It's a good idea to casually suggest taking of loan to purchase Bitcoins as a way to get more aggressive. Taking loan to buy Bitcoin doesn't add to discretionary income, it simply puts you into the obligation to pay back the amount of money that you borrowed,  no matter how the market performs.

The problem about debt, it can be an unwanted addition to an investment plan. When times get tough with the economy, costs rise or the market actually turns against you, loans must be serviced.  That may leave an investor in a situation where they are forced in paying off a loan instead of building up their investment portfolio.

Aggressiveness is not about loading up debts whenever the market is down.  It's about using your own available discretionary income to invest in Bitcoin and still maintaining a sound financial plan and not be taking any unnecessary risks..

[JayJuanGee]

Exactly I agree with you, this is the one of reasons why someone should have a long term mindset toward bitcoin investment is very important, many people made big mistakes for treating bitcoin like a short term savings instead of a long term investment, before investing in bitcoin is also a good idea to make sure that essential needs and responsibilities are well covered, and also bitcoin should be purchase with funds that is not needed anytime soon or for expenses.

Whenever someone want to invest in bitcoin you should prepare to leave that your investment untouched for many years not a month because those who benefit most are those that remain patient even during the period of volatility. That’s I come with this good example for someone to planting a fruit mango tree today and expecting to harvest fruit next week. That’s unbelievable, such can never happen,that tree needs time to develop a strong roots before it can produce anything valuable. That apply to bitcoin investment works in similar way, that’s to leave your bitcoin investment untouched for many years is more favorable for you than short term.

Sometimes, it's not that people aren't investing long-term but rather because of financial circumstances that force them to invest short-term. This doesn't mean we can equate all Bitcoin investments with the same approach.

Yeah, but this thread is not about doing whatever you want when it comes to how you think about investing, since this a thread about my ideas about investing.

Every choice made by a person certainly has a goal and mindset for each of them and I really agree with the idea you said that the biggest mistake is indeed if they do it with a short-term investment pattern only what we need to understand together is that someone who does it with a pattern like that is definitely from the financial side and income that does not fully support them to make long-term investments so that the short term is their last way to do it like that and they also think that if the income they get is always stable or have more than one source of income of course they will not follow or do it with a short-term pattern they will definitely make long-term investments so their last choice when their income is lacking is to invest with a short-term pattern.

That is gobble-dee-gook.  Short term pattern is trading rather than investing.
 
Sure, guys might get started with bitcoin and not know the difference between investing and trading, so they might have to learn the difference, and learn that bitcoin is an investment rather than a trade.

If they decide to trade or they cannot figure it out, then ideas about those guys likely fits in some other thread, since we are talking about investing here, not trading.

Doing this, of course we are someone who has a lot of finances or income especially weekly or monthly income because every person who makes long-term investments and will not touch the investments that have been collected of course that person can be said to just sit back and every month or week there is always income that exceeds their needs and let alone those who do like that we personally will also do the same thing to not touch what we have collected because they do it very easily in terms of finances that come to them and I liken them to having a business that has more than five businesses so that every week they have income from one business or business that they created so that two of our businesses are sufficient for needs so that three more are projected towards Bitcoin investments without us touching this is a picture that we can say as an example.

I don't know if it is a great example, since anyone with discretionary funds can invest into bitcoin, and yeah it can take 1-2 cycles or more to build up a bitcoin investment, even if a person has decent amounts of discretionary funds and he is also putting decent amounts of that discretionary income into bitcoin.

[edited out]

Well the last time i checked, you don’t have the right to tell other people what they should do or shouldn’t do with their bitcoin. If someone decides to save up in bitcoin and buy a car for themselves then they must have a good reason for it and it is their choice to make because they are the ones that know what their predicament is, and their priorities, and also how that decision could improve their life.
You can’t just say  a car is a liability for everyone. Some people could buy a car to use it to offer transportation services and make money from it,  create opportunities for themselves or simply just to make their daily lives more easier. So in this case is it still a liability?
Also this your idea that their bitcoin would have definitely generated more profit if they had just kept holding it is a flawed argument. Nothing about the future returns of bitcoin is guaranteed. Yes bitcoin has performed well over the past years but past performance doesn’t guarantee future results.
So the bottom line is that we are all investing to improve the quality of our lives. So if someone reaches their goal and decides to use their bitcoin to buy something valuable or meaningful for themselves, then their investment has done exactly what it was supposed to do.

Are you talking about investing or trading?

Sure people can do what they like, but if they cash out of all of their bitcoin to buy a car, then they might have had been trading rather than investing, at least in terms of how we have been talking about investing within the context of this thread.

Sure, your point about cars having utility as well can justify buying a car, yet we might need to know more if a guy might get into bitcoin and then just completely get out of bitcoin in order to buy a car, since that does not seem to be on topic within the context of this thread.

And besides, i only used this buying a car scenario as an example to point out that people invest in bitcoin for different reasons and also to highlight that when a person has a clear vision for why they started investing in bitcoin, they tend to be more focused and careful with the kind of decisions they make with their investment. It’s not everybody that wants to hold their bitcoin for 100years without spending from it.

Try to be realistic. NO one here is  proclaiming that guys have to hold bitcoin for anywhere beyond their own lives, even though some guys do want to hand bitcoin down to their heirs... but we are not necessarily getting into those kinds of details within this thread.

I'm OK with this discussion remaining on Bitcoin and not the crypto market. Calling them crypto investors is a bit of a misnomer as not every cryptocurrency is as robust and valuable over the long-term as Bitcoin. In the realm of investing, both DCA and buying dips can be successful approaches. Contingent upon the individual's inclinations. DCA can help avoid the timing the market pressure. But a small cash on the sidelines" for major corrections might give an extra opportunity. The key point is consistency, having a plan and building your Bitcoin holdings slowly and steadily over time.

What you say is not wrong, because investors who focus on buying Bitcoin using the DCA method must also have other plans and focuses, such as preparing cash for specific purposes, as in your example. Because when a market downturn occurs, investors who used to buy Bitcoin continuously are often eager to capitalize on the price decline with their new capital. This means that investors who are immune to any situation will always want to buy in any situation because they have already developed a plan and thought about how to deal with it before it occurs.

So, it's not surprising that many investors who have used DCA from the past and present still don't panic when they see price declines, because for them, it also represents an opportunity to inject new capital into the market, even though their existing capital has been reduced by the price decline. However, some investors are clearly willing to wait patiently for a recovery while using their new capital to achieve greater profits at another time.

If you are talking about profits, then how could you still be talking about investing?  You seem to be deviating into trading ideas if you believe that considering "profits" as some kind of a motivator for how a guy should consider his bitcoin stacking.

Otherwise, I largely agree with the rest of your statement. Guys will combine buy the dip and DCA strategies and act like they are doing something smart, and sure they can do whatever they like, yet they should realize that there are trade-offs, like you mentioned, which is that the dips may or may not happen and they also might screw up their own focus on ongoing buying of bitcoin and increasing their discretionary income, which might be better ways to spend their time and energies rather than screwing around waiting for dips that may or may not end up happening.

Even after continuing to buy continuously, if a person saves money and waits to take advantage of the decline or to buy aggressively, it is not at all right. Whether the price of Bitcoin is currently at its highest level or at its lowest level, we should continue to buy continuously.

Whether guys buy bitcoin aggressively or whimpily, those are personal choices.  I frequently suggest that guys buy bitcoin as aggressively as they are able to without over doing it, yet every guy who is buying bitcoin has to figure out how aggressively that he wants to be or that he is able to be... so I am not going to tell guys what they should do when it comes to figuring out how much bitcoin that they should buy at any given time and/or at any particular price movement.  Guys have to account for their cashflows and also various aspects of their personal situation, including where they are at in their bitcoin accumulation process.

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

Waiting is more problematic for guys who have not started and also for guys who are in the early stages of their bitcoin journey.

Also there may well be guys who had been investing 4 - 8 years or longer and they still are in the early stages of their bitcoin investment journey, so they likely need to continue to buy on a regular, consistent, persistent, ongoingly and perhaps even aggressive way... but we cannot tell them what to do.

If a person wants to take advantage of the decline while continuing to buy continuously, then if he has the ability to take out a loan,

Huh?  I never said that.  What the fuck you trying to proclaim that it is a good idea to take out a loan in order to increase aggressiveness on dips.  That is retarded, and it sounds like gambling rather than investing.

I am not opposed to loans, yet most of the times, loans should ONLY be used by guys who already have strong cashflows and decently strong levels of discretionary funds.

So many times guys need to bolster up their own bitcoin buying and cashflow management practices before even employing debt (or leverage) in their bitcoin accumulation practices, and also loans are not even necessary many times, since the terms of many loans might not justify taking them...so it seems retarded to believe that either a person should increase bitcoin buying aggressiveness when BTC prices dip or that loans are part of an ordinary bitcoin accumulation practice.

he can buy aggressively by taking out a loan. Or if he has some kind of land that he is not using or is not getting any benefit from it at present, then he can sell that land and buy aggressively during the decline. Depending on our financial situation, it is best to continue to buy aggressively as much as possible without overdoing it.

You seem to like the idea of buying aggressively, and I don't have a problem with guys being aggressive when they know what they are doing and they have reasonably strong cashflow management practices in place, yet being aggressive for the mere sake of it or based on perceived changes in the bitcoin price seems quite problematic and outside of the kinds of practices that I am trying to highlight in this thread.

[edited out]

Are you contradicting yourself?
Actually, you said at the beginning that it is not right to wait for DIP. Then you say that when DIP comes, you can buy aggressively by taking out a loan or selling the land. Why don't you understand that if DIP is waiting for an unknown future, then I think taking a loan for the same unknown event can be even more risky. Because buying on loan means going beyond your discretionary income and buying with money that may actually be beyond your ability. Because if the interest rate on the loan is high and the time is short, it will be a cut in your throat. However, in some cases, taking a loan may be reasonable, if the interest rate on the loan is low or the loan is available for a long time. In this, there is an opportunity to repay the loan gradually in many installments. But before taking a loan, you need to be sure whether you can repay that loan or not. In this, you can take advantage of DIP and gradually, without any stress, the loan may be paid off before you know it.

Actually, this is a good point @Charcol.

It may well be the case that @Tongley believes that if he uses a loan to buy the bitcoin dip, then if the BTC price goes up after he takes the loan, then he can use the proceeds of the bitcoin to pay back the loan... which is nearly retarded since it is a form of gambling, and we are not talking about gambling in this thread.

personally, buying the dip doesn't seem attractive to me due to the fact that it is time consuming. Just like you said that there's no certainty about when the dip will happen, of course that's the more reason why I don't find it attractive. Majority of the investors who feel buying the dip is the best method for Thier Bitcoin accumulation end up wasting a whole lot of years just to wait for the dip, some started recently why some are yet to get started meanwhile, those of Thier friends that started together with them and have chosing to adopt the DCA is close to achieving Thier investment target. These method of buying the dip delayed a lot of guys from not starting Thier Bitcoin investment quite on time, so  I don't even see anything attractive about this method.

Buying the dip is actually not attractive. Within the same period of time there's less tendency of an investor buying the dip to be close to their accumulation target compared to an investor using DCA strategy. DCA strategy gives an investor the chance to make good use of the dip without necessarily waiting for the dip but just busy DCAing but increase buying on obvious decline like if BTC is $70,009 and when your interval to buy is due BTC drops to $65,000. knowing this is, you decide to add planned extra available discretionary funds to buy Bitcoin.

You can invest in Bitcoin in any way, but the most DCA method is the best investment strategy. This is usually not to use emergency funds in small dumping, I did not like your strategy. Because if the price of Bitcoin drops from $70k to $65k, how will he use emergency funds to buy Bitcoin? At this time, if the price of Bitcoin continues to fall further, then that person may face danger and panic and leave his Bitcoin holding at a loss.
So emergency funds should not be used in this general market fall, if the price of Bitcoin suddenly drops from $70k to $40k, then he can use emergency funds up to 50% of his total money. And if there is a further fall, then he can use 25 percent of his average bill in this way in stages (estimated Bitcoin purchase strategy).

I don't see how buying bitcoin constitutes an emergency.  Sure reserve funds can be used to buy bitcoin on dips, yet a person might buy some dips and then the price keeps dipping, so then if he already bought on the dip, where is he going to get more money?  He may be better off to just keep regularly buying rather than changing his aggressiveness level based on perceived drops in the BTC price.

[Joeboy]

Waiting for a decline can take a person away from the path of continuous investment. Many times it is seen that the desired decline never happens. Waiting for a decline is waiting for an unknown future, it is never possible to say whether it will ever happen or not.

Waiting is more problematic for guys who have not started and also for guys who are in the early stages of their bitcoin journey.

Also there may well be guys who had been investing 4 - 8 years or longer and they still are in the early stages of their bitcoin investment journey, so they likely need to continue to buy on a regular, consistent, persistent, ongoingly and perhaps even aggressive way... but we cannot tell them what to do.

Most definitely... And surely sir folks can do whatever they want since it their investments involved... We really can't force them, but yet again anywhere and anytime, it would always be wrong when folks primary mode of accumulating Bitcoin tend to be buying the dip... Buying the dip majorly encourages waiting for dip before making purchases, and that's just so self defeating and surely a great hindrance to progress especially for folks who haven't yet started or for folks who are still early in their investments journey.. That's the more reason why folks should DCA, with the money they can afford to lose for longer time duration instead of trying to wait and outsmart the market..

[UpTober]

Edit....

People can start with just $10 or any other small amount and learn as they go. And along with buying Bitcoin, they can also build their own savings. So a person needs to figure out whether they have a discretionary fund or not. And also calculate their income and expenses. If a person gets a salary of about $500 every two weeks and their basic expenses are about $400 every two weeks, then they will calculate that they have $100 as discretionary fund every two weeks. What I mean by this small example is that needs and responsibilities should be prioritized and then the remaining money should be invested. Investing from discretionary income means that we are making sure that this money is not needed for urgent needs and we are able to afford to lose this money.

How much an investor will invest consistently will depend entirely on the income of that investor and the discretionary income of that investor. If the investor can accumulate a large amount of discretionary income by meeting all his needs and keeping other expenses aside, then those investors can use a large amount of money for continuous investment. Investors are always asked to use discretionary income for investment because by investing with this discretionary income, investors usually do not have to face any financial problems later because this money is money outside all expenses. It is very important to maintain the continuity of investment as an investor. If an investor invests aggressively for a few days and if he has to sell due to financial distress due to lack of planning ahead, then the real purpose of the investment is never fulfilled, so I think it is better to invest a relatively small amount of money continuously than to sell it later.