JJG’s Outline of Bitcoin Investment Ideas

[DubemIfedigbo001]

Some beginners have that mentality of buying in the dip and they expect to get profit very quick.

This sort of beginners are just traders and not real investors. Investors don't buy low and sell high, they buy and hold for longer. Not every beginner is a newbie to investments, an investment is all about building for some time before it reaches maturity and in bitcoin investment you've to buy consistently and hold until you arrive at your accumulation target and hold for 4-10 years or longer.

For a beginner who have understand bitcoin volatility and know bitcoin to be longterm investment,  their is nothing wrong wrong buying bitcoin in the dip.

Dips are opportunities to get bitcoin cheaper, therefor having more quantities for the same buying amount, an investor observing his normal DCA configuration would buy the dip if his buying period cuts accross a favorable dip and this is very normal. Where it becomes a problem is if the new investor folds his hands and waits for the dip before making a purchase, then he is timing the market which is trading and a very wrong decision for investors still early in their accumulation journey. The investor who waits for the dip is definitely not showing enough seriousness in his accumulation journey and may be missing out on nice buying opportunities to increase his stash and get ahead in his investment journey.

[IceLincoln]

There are people who are still successful bitcoin holders and they use waiting for the Dip strategy. There are people who have certain(huge) discretionary amount set aside just waiting for the Dip, and when it comes they maximize that opportunity and buy huge amount of bitcoin.

DCA remains the best when it comes to accumulating bitcoin because of how easy and flexible it is, it made it so easy that anyone with a discretionary income, no matter how it little it might be can be a bitcoin owner.

So no Mather the strategy you are using, just make sure you are doing it right, make sure you are investing with your discretionary income and also make sure your are accumulating as much as you can.

I would tell you for free that those people you consider to be successful bitcoin holders probably didn’t start building their portfolio with waiting for the the dip strategy, they must have been long term accumulators who had reached a certain level of accumulation before adopting to buying the dip strategy.
The dip is a good opportunity no doubt about that, how often do people time it perfectly and how much is enough to buy it when it comes?, and what happens if price continues to dip further after you buy?. That’s the problem with making waiting for the dip your primary strategy. You can end up on the sidelines for months while bitcoin moves without you.
A long term consistent DCA holder will do better than a long term wait for the dip holder.., there’s no two ways about it. You don’t need to predict the dip you just need to keep buying consistently.

[Grease5000]

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

When a  new investor or beginner is happy  to  buy the dip it can easily result to him making it part of his investment plan which can easily  make him to wait for a better price, which shift his initial investment approach to a trader approach.
And I wouldn't say 4–10 years guarantees profit, because Bitcoin still carries risk, but having a long term plan can help an investor avoid shortterm market noise and stay disciplined

[icebar]

Too much reliance on buying the dip will always make you to anticipate bigger dips and in so doing you may very well be delaying yourself unnecessary...But all this is totally avoidable when you rather stick to the DCA method since it very well allows the regular accumulation over trying to predict/or wait for price dips...

Personally, i don't consider buying the dip as an effective strategy to accumulate bitcoin because waiting for the dip that you're not sure would occur can delay your accumulation pace, and also while you are waiting for the dip,you might even change your mind or start dipping into your discretionary income that you had saved to buy when it dip on other things..and when it finally dip, by then you must have spend all your discretionary income that was available...ofcourse that's why using the dca strategy to accumulate bitcoin is the more effective because it allows you to buy consistently, steadily, persistently and confidently regardless of the size of your discretionary income as you can build your portfolio without any need to time the market..

The main goal of a saver is to gradually strengthen his position, not just wait for the dip. Waiting for the dip can often slow down the saving process of new investors. Because we cannot know for sure when the market will drop or how much it will drop. However, I do not consider dip buying and regular saving to be opposites of each other. If someone buys regularly and takes advantage of the dip if they have extra reserves, then it is not unreasonable. On the contrary, it can strengthen the saving process. The problem is that when someone is just waiting for the dip, even if he calls himself an investor, his behavior seems like a trader. Because traders usually try to buy low and sell high.

[ejikeme24]

Dips are opportunities to get bitcoin cheaper, therefor having more quantities for the same buying amount, an investor observing his normal DCA configuration would buy the dip if his buying period cuts accross a favorable dip and this is very normal. Where it becomes a problem is if the new investor folds his hands and waits for the dip before making a purchase, then he is timing the market which is trading and a very wrong decision for investors still early in their accumulation journey. The investor who waits for the dip is definitely not showing enough seriousness in his accumulation journey and may be missing out on nice buying opportunities to increase his stash and get ahead in his investment journey.

You have just hit the nail on the head, sure dips are opportunities to get Bitcoin cheaper and I quite agree with you on that. Rather an investor especially a beginner who is new to Bitcoin investment don't necessarily need to wait for the dip before investing, they should continue buying either weekly or monthly depending on how they planned it or the time they figure out their discretionary income, then while buying regularly there's every possiblity that they will meet the dip and they will still get it cheaper.

Because a beginner who is new to Bitcoin have a long way to go that is why they don't necessarily need to figure out the best time to buy or the amount they will buy from but to start buying from any given price if they have their discretionary income available, as doing that will make them get to Their investment target on time.

[Xackie]

There are people who are still successful bitcoin holders and they use waiting for the Dip strategy. There are people who have certain(huge) discretionary amount set aside just waiting for the Dip, and when it comes they maximize that opportunity and buy huge amount of bitcoin.

DCA remains the best when it comes to accumulating bitcoin because of how easy and flexible it is, it made it so easy that anyone with a discretionary income, no matter how it little it might be can be a bitcoin owner.

So no Mather the strategy you are using, just make sure you are doing it right, make sure you are investing with your discretionary income and also make sure your are accumulating as much as you can.

I would tell you for free that those people you consider to be successful bitcoin holders probably didn’t start building their portfolio with waiting for the the dip strategy, they must have been long term accumulators who had reached a certain level of accumulation before adopting to buying the dip strategy.
The dip is a good opportunity no doubt about that, how often do people time it perfectly and how much is enough to buy it when it comes?, and what happens if price continues to dip further after you buy?. That’s the problem with making waiting for the dip your primary strategy. You can end up on the sidelines for months while bitcoin moves without you.
A long term consistent DCA holder will do better than a long term wait for the dip holder.., there’s no two ways about it. You don’t need to predict the dip you just need to keep buying consistently.

My own concern is, what if the dip in which they are waiting for doesn't happening eventually, will they have a change of strategy by buying bitcoin at the current price or completely lose interest because the market didn't give them the entry they were expecting.

Imagine  waiting for price to get to $50k when it's currently sitting at $60k. Then bitcoin moves to $70k and you start hoping for price to return back to  $60k. Before you know it, the market will have gotten higher and you are there still waiting.  

Waiting for the dip shouldn't be the strategy for someone who doesn't have an ounce of bitcoin in their wallet, instead they should  focus on accumulating frequently with dca. If luck is on their side, the market might dip , and they they have extra funds available, it can be used to buy the dip while they still have their normal dCa ongoing.

[Obulis]

People do all kinds of dumb shit, yet that does not mean that we need to talk about their dumb shit.

Saving to buy the dip is a dumb strategy, especially for guys in their early bitcoin accumulation years, so we should not act as if buying the dip or waiting for the dip is a good strategy unless we are talking about a specific kind of bitcoin investor in a certain situation that he either has already accumulated a lot of bitcoin or maybe in the context in which a guy gets a lump sum so he is considering 1) buying right away, 2) DCA and/or 3) buying dips that might not happen.  

Buying the dip tends to be one of the strategies and it tends to be inferior in many circumstances, too.

I agreed with you, even me as newbie I don't support the ideas of waiting for the dip, because that's a total fucking dumb shiiit strategy. What I always wants many people should understand is that, non of us knows when the bitcoin price will be dip or not, and the problems with that mindset of waiting is, you can't stop bitcoin from falling, bitcoin price can fall 10% or more and some people may tende to be waiting for another till a another drop again, and then the bitcoin price moves higher than before which niw left them on watching 👀.  People that choose to buy bitcoin in small amounts and stacking it consistently with discretionary income, is much more better than guessing the bitcoin price, dips are good whenever it happens during the bitcoin investment journey and take an advantage of it, than taking it as strategy.

Good that a newbie like you is able to envisage the roadblocks of waiting for the dip. Waiting for the dip turns investors to watchdogs while missing opportunities.
Just like traders who will expect a dip and after they buy the dip they go on to expect a high so that they can sell at profit, it's funny thing how buy the dip leaves investors with the mindset of trying to control Bitcoin, it should always dip as you expect it anytime but Bitcoin is a respecter of no one and a friend to all.

[SDS11]

You have just hit the nail on the head, sure dips are opportunities to get Bitcoin cheaper and I quite agree with you on that. Rather an investor especially a beginner who is new to Bitcoin investment don't necessarily need to wait for the dip before investing, they should continue buying either weekly or monthly depending on how they planned it or the time they figure out their discretionary income, then while buying regularly there's every possiblity that they will meet the dip and they will still get it cheaper.

Because a beginner who is new to Bitcoin have a long way to go that is why they don't necessarily need to figure out the best time to buy or the amount they will buy from but to start buying from any given price if they have their discretionary income available, as doing that will make them get to Their investment target on time.

You are right folk, the dip is something that is inevitable to the market which means that market can not run away from it, no matter how the market price moves up it will surely come down that is why it not necessary or encouraged for someone to wait for the dip because some good opportunities will be missed out but it will be very beneficial if some is accumulating while waiting for the dip. in conclusion, there is no such thing as best time in bitcoin unless the opportunity present itself before you but it is very ideal because it rarely happen, so the best time is whenever you have your discretionary income ready.

[Inior]

People do all kinds of dumb shit, yet that does not mean that we need to talk about their dumb shit.

Saving to buy the dip is a dumb strategy, especially for guys in their early bitcoin accumulation years, so we should not act as if buying the dip or waiting for the dip is a good strategy unless we are talking about a specific kind of bitcoin investor in a certain situation that he either has already accumulated a lot of bitcoin or maybe in the context in which a guy gets a lump sum so he is considering 1) buying right away, 2) DCA and/or 3) buying dips that might not happen.  

Buying the dip tends to be one of the strategies and it tends to be inferior in many circumstances, too.

I agreed with you, even me as newbie I don't support the ideas of waiting for the dip, because that's a total fucking dumb shiiit strategy. What I always wants many people should understand is that, non of us knows when the bitcoin price will be dip or not, and the problems with that mindset of waiting is, you can't stop bitcoin from falling, bitcoin price can fall 10% or more and some people may tende to be waiting for another till a another drop again, and then the bitcoin price moves higher than before which niw left them on watching 👀.  People that choose to buy bitcoin in small amounts and stacking it consistently with discretionary income, is much more better than guessing the bitcoin price, dips are good whenever it happens during the bitcoin investment journey and take an advantage of it, than taking it as strategy.

Good that a newbie like you is able to envisage the roadblocks of waiting for the dip. Waiting for the dip turns investors to watchdogs while missing opportunities.
Just like traders who will expect a dip and after they buy the dip they go on to expect a high so that they can sell at profit, it's funny thing how buy the dip leaves investors with the mindset of trying to control Bitcoin, it should always dip as you expect it anytime but Bitcoin is a respecter of no one and a friend to all.

Why wait when there are tons of opportunities just seating around watching you pass them. Bitcoin is not agriculture where we have to spend a whole year or more  bush fallowing and leaving the land untouched before we start planting again. There is always an opportunity to buy and increase your portfolio at any given time, and that is why I like bitcoin. Unlike shitcoins that you will have to target the early entry which is not a guarantee that you might result to something profit at the end.
DCA is an underrated strategy that most people take for granted. Someone was saying they prefer to buy in bulk because they won't be tempted to spend their bitcoin since they only do it once in a while. Well the truth is that, if you have a spending problem you will still spend the bitcoins even though you bought in bulk, DCA is not the cause or an excuse for your spending problem.

[SPIDERMAN008]

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

When a  new investor or beginner is happy  to  buy the dip it can easily result to him making it part of his investment plan which can easily  make him to wait for a better price, which shift his initial investment approach to a trader approach.
And I wouldn't say 4–10 years guarantees profit, because Bitcoin still carries risk, but having a long term plan can help an investor avoid shortterm market noise and stay disciplined

I myself did not say that holding Bitcoin for 4 to 10 years will give you guaranteed profits. Since Bitcoin is unpredictable, holding it for a long time increases the chances of profit. For newbie or low coiner, the important thing is that those who have not yet been able to create a strong holding should always follow DCA regularly and continue investing in Bitcoin. If he goes to look for a better entry every time, he will not buy if the price is high because he wants  dip, and if the price decreases, he can wait for  bigger dip. The result is that his cash remains but the Bitcoin does not grow. And it would be wrong to think that the purpose of investing for a long time is only for profit. If an investor has bought Bitcoin with money that will not be needed for many years, then next month's 30% correction does not force him to take an immediate decision. Even if the price of Bitcoin continues to fall for a few consecutive months, it will not make investor a panic seller. Because his initial intention was to continue accumulating regularly for a long time. And the price of Bitcoin that was low in the meantime will give him an opportunity. Because at that time he was able to buy more Bitcoin at  lower price.

[Different patterns]

There are people who are still successful bitcoin holders and they use waiting for the Dip strategy. There are people who have certain(huge) discretionary amount set aside just waiting for the Dip, and when it comes they maximize that opportunity and buy huge amount of bitcoin.

DCA remains the best when it comes to accumulating bitcoin because of how easy and flexible it is, it made it so easy that anyone with a discretionary income, no matter how it little it might be can be a bitcoin owner.

So no Mather the strategy you are using, just make sure you are doing it right, make sure you are investing with your discretionary income and also make sure your are accumulating as much as you can.

I would tell you for free that those people you consider to be successful bitcoin holders probably didn’t start building their portfolio with waiting for the the dip strategy, they must have been long term accumulators who had reached a certain level of accumulation before adopting to buying the dip strategy.
The dip is a good opportunity no doubt about that, how often do people time it perfectly and how much is enough to buy it when it comes?, and what happens if price continues to dip further after you buy?. That’s the problem with making waiting for the dip your primary strategy. You can end up on the sidelines for months while bitcoin moves without you.
A long term consistent DCA holder will do better than a long term wait for the dip holder.., there’s no two ways about it. You don’t need to predict the dip you just need to keep buying consistently.

I really understand your point very well, and I agree with your statement, I don’t encourage the newbie’s either to wait for dips before starting their bitcoin accumulation, I think the main point is that investor should not joke with first purchase. And dip at time can also be good after consistent with accumulation of bitcoin, but investor should not take dip as a reason why they keep delaying to build their bitcoin position. because waiting for perfect entry will make investor missed a lot of chances or opportunities, which always end up regret, for the investor who plan for long time investment, using DCA for regular basis can be a comfortable and easy to invest, without worried or keeping your eyes on market movement.

[PERtua]

A thing that is often neglected is the distinction between the regular income and a big lump sum. A person who gets a big payoff should make a different choice when investing in DCA. Whereas a person who invests from each paycheck should stick with it. This may help to alleviate the pressure of selecting one entry point, but it also creates the risk of Bitcoin trading higher as the remaining proceeds are sitting idle. In my opinion, the key is to make a decision before the emotions creep in. How much to put in right now; how much to put in over time; and what would make you alter your strategy. That's why the strategy is less reliant on predicting the forthcoming dip.

[ZeroVinsonN]

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.

This is actually contradictory, you can't say there is no guarantee and then say long term will give profit. The truth is that there is no guarantee even if you are investing long term though you chances are far better then someone investing short term which is why I usually like to add a percentage whenever I'm taking about guarantee in bitcoin investment so rather than just say there is no guarantee of success I usually say there is no 100% guarantee of success with bitcoin investment but by going at it long term you are automatically putting yourself in a better position then someone going at it short term.

[Stive009]

A thing that is often neglected is the distinction between the regular income and a big lump sum. A person who gets a big payoff should make a different choice when investing in DCA. Whereas a person who invests from each paycheck should stick with it. This may help to alleviate the pressure of selecting one entry point, but it also creates the risk of Bitcoin trading higher as the remaining proceeds are sitting idle. In my opinion, the key is to make a decision before the emotions creep in. How much to put in right now; how much to put in over time; and what would make you alter your strategy. That's why the strategy is less reliant on predicting the forthcoming dip.

There is no rule stating that a lump sum of money must be invested all at once upon receipt. It depends entirely on the individual's financial situation and decisions. One can choose to divide that lump sum into smaller portions based on their capacity and employ (DCA).

For instance suppose someone receives a large sum. They could invest a portion immediately and invest the remainder gradually over several weeks or months. If a regular income stream is available simultaneously one can continue consistent DCA using that income as well. This approach allows for the utilization of part of the lump sum while keeping the entire process aligned with a structured plan.

To me the crucial point is avoiding the attempt to predict exactly when a market dip will occur. Waiting for an ideal entry point might result in Bitcoin’s price rising further leaving the cash set aside for investment sitting idle. Conversely if the market drops there is a risk that emotions could lead to a change in plans resulting in panic buying or panic selling.

Therefore it is best to decide beforehand before emotions come into play how much to invest immediately how much to invest via DCA over time how much to keep as an emergency fund and under what circumstances the strategy might be altered.

Ultimately the true benefit of DCA lies not in predicting the market's next move but in creating a realistic plan based on one's financial capacity and sticking to it consistently. While the market is beyond our control our money management discipline and investment decisions remain within our control.

[samadam007]

There are probably multiple strategies that don't have much impact on investing. It's just a matter of following your heart's desires and creating your own unique strategy.

There are not multiple strategies that are relevant in this thread, since we are talking about my investment ideas in this thread.

If a guy is still accumulating bitcoin, then there are three ways to buy bitcoin 1) lump sum, 2) DCA and/or 3) buying on dips that might not happen.

If you think that there are other strategies that are relevant, then you need to present them and describe them in terms of my own various ideas about strategies that are fairly limited, especially for guys who are investing in bitcoin and in their early years of building their bitcoin holdings.

I agree with you that, when it comes to building a strong or meaningful Bitcoin standings, I don't think there's any strategies apart from the ones you've listed. All these strategies has thier own roles to play and are simple to approach depending on the person's financial stability or the availability of the discretionary income. Non of them seem difficult to approach, but sticking to one of them and be maintaining it for long-term growths than choosing or looking for a new strategies before entry.

If we argue the best strategy to build better Bitcoin portfolio over time. DCA is the most reliable of them all because it gives clear system to buy regular. You don’t need tor have big funds or time the market. As long as you have some money you set aside from your discretionary income, just start accumulating.

Lump sum is when huge amount is available. How many people have huge funds sitting around all the time? Even when the money becomes available, you start thinking if that particular price is good or not. Not everyone can really rely on it for long term accumulation.

Buying dips only is a problem too. Nobody knows when it will come or how low the price will go. You may end up with little or no BTC because yiu spent months/years monitoring the market and looking for perfect entry.

Not saying lump sum or dip buying is useless. Those that have huge amount can lump sum. If spare cash outside their regular DCA plan and BTC drops, they can also take advantage of it. But it should be seen as additional opportunity, not what one should depend on solely.

[abaeze]

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.

This is actually contradictory, you can't say there is no guarantee and then say long term will give profit. The truth is that there is no guarantee even if you are investing long term though you chances are far better then someone investing short term which is why I usually like to add a percentage whenever I'm taking about guarantee in bitcoin investment so rather than just say there is no guarantee of success I usually say there is no 100% guarantee of success with bitcoin investment but by going at it long term you are automatically putting yourself in a better position then someone going at it short term.

Investing in volatile assets like Bitcoin requires knowledge and when calculating the opportunities and success rates of this investment, one should definitely have some knowledge that whether long-term investment is better or short-term because there is no such thing as a 100% sure investment.

However, no matter what strategy one follows, if one invests without proper risk management, the risk of loss can increase dangerously.

Therefore, to keep the investment safe, the invested money should be such that it comes from additional expenses in the family and a separate fund should be kept that can meet both the investment and the family's needs in times of danger.

[Charcol]

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.
DCA is currently one of the best options because I am using this and have the mindset to stay with this until I am able. After this, I will be making some changes, but now I'm just investing and enjoying this Bitcoin.
Listening is good, but it's never been ideal to give up on our strategy because it always works better and has a good chance of keeping all things on a good track. There is enough potential in Bitcoin, so now hopefully I will be able to show good results at the end.

The DCA strategy is the best when it comes to investing in Bitcoin, it a strategy that gives you total conveniency in investing. I see you mentioning profit a couple of times, just know bitcoin investment is not about that, it about investing for the future, it about making plans for the future, so when investing we should take away making profit, because it not even guaranteed.

Sometimes when we focus on profit making in bitcoin invest, we are triggered to make so many wrong decisions because at the end our emotions will get the better of us.

The biggest advantage of the DCA strategy is that it keeps you away from market timing pressure. Since the DCA strategy has the advantage of setting aside discretionary income and saving it regularly after receiving income, it can be a realistic approach for many. Because it allows you to build positions in small amounts over a long period of time.

But at the same time, it is also necessary to consider that not every investor's situation is the same. If I already have a large amount of discretionary funds, then I have the right to make decisions differently considering my risk tolerance, Bitcoin exposure and long-term plan.

For me, discipline is the key. Someone may make mistakes even with DCA if they use emergency funds or invest beyond their means. On the other hand, someone can be successful even with a lump sum if their financial situation is strong and they are mentally prepared to hold on for the long term.

[Alonso_]

A thing that is often neglected is the distinction between the regular income and a big lump sum. A person who gets a big payoff should make a different choice when investing in DCA. Whereas a person who invests from each paycheck should stick with it. This may help to alleviate the pressure of selecting one entry point, but it also creates the risk of Bitcoin trading higher as the remaining proceeds are sitting idle. In my opinion, the key is to make a decision before the emotions creep in. How much to put in right now; how much to put in over time; and what would make you alter your strategy. That's why the strategy is less reliant on predicting the forthcoming dip.

Honestly speaking, I was confused with your choice of words, well what you’re talking about is all about personal decisions making, let me tell you that there are people who are investing in Bitcoin they have good reasonable amount of money to lump sum, but it would surprise you that they specialize more on buying through the DCA method, some of the companies that you see buying bitcoin they specialize more on doing DCA, now which is why you have to approach a techniques that makes you comfortable with buying bitcoin, but that doesn’t mean that if you choose to buy bitcoin through lump sum and you have the money as well you can buy bitcoin, as long as you’re buying bitcoin and you feel satisfied, however it’s better you focus on buying bitcoin consistently instead of choosing to predict the dip and speculate, it would definitely result to missing out on opportunities.

[Crytohillss]

A thing that is often neglected is the distinction between the regular income and a big lump sum. A person who gets a big payoff should make a different choice when investing in DCA. Whereas a person who invests from each paycheck should stick with it. This may help to alleviate the pressure of selecting one entry point, but it also creates the risk of Bitcoin trading higher as the remaining proceeds are sitting idle. In my opinion, the key is to make a decision before the emotions creep in. How much to put in right now; how much to put in over time; and what would make you alter your strategy. That's why the strategy is less reliant on predicting the forthcoming dip.

Honestly speaking, I was confused with your choice of words, well what you’re talking about is all about personal decisions making, let me tell you that there are people who are investing in Bitcoin they have good reasonable amount of money to lump sum, but it would surprise you that they specialize more on buying through the DCA method, some of the companies that you see buying bitcoin they specialize more on doing DCA, now which is why you have to approach a techniques that makes you comfortable with buying bitcoin, but that doesn’t mean that if you choose to buy bitcoin through lump sum and you have the money as well you can buy bitcoin, as long as you’re buying bitcoin and you feel satisfied, however it’s better you focus on buying bitcoin consistently instead of choosing to predict the dip and speculate, it would definitely result to missing out on opportunities.

I think the real point is that there is no perfect purchasing strategy that works perfectly for every individual people with good capital prefer lump sum, while other person with same amount may better spreading it out through dca. What really matters is having a method one can actually stick with, the issue start when most people make waiting for the dip their strategy because the bitcoin market doesn't own people the entry price we are waiting for. So that is why we need to a good approach that can make one comfortable with buying bitcoin.

[Padi24]

Investing in volatile assets like Bitcoin requires knowledge

What level of knowledge did you think a person need to acquire before you can say that they  are qualified to get start investing in bitcoin? I think it's high time we get things right, because often time I see a lot of people talked about getting the best knowledge before getting started with Bitcoin investment when we all know that no amount of knowledge that a person would get that will be enough unless they get started, because there are a lot of things that a person will be missing while trying to get the best knowledge and this things can only be reviewed to them if they get started.

and when calculating the opportunities and success rates of this investment, one should definitely have some knowledge that whether long-term investment is better or short-term because there is no such thing as a 100% sure investment.

Obviously long term investment pay off more than Short term investment, because when you held your Bitcoin for long it passes different stages and that's how the profit will keep compounding not like that of short term investment that you can't even wait for the price to do another ATH and then investors will start looking into selling just because they figure out that they are in a little profit.