JJG’s Outline of Bitcoin Investment Ideas

[B-BossMan]

Sure guys can do what they like, and when they start to get more comfortable ongoingly buying bitcoin, then they might also hold some cash on the side so that they can buy on the dips... yet we know that dips might not come and there is no real need for beginners or even intermediate bitcoin buyers to change the amount of bitcoin that they are buying based on if the price dips or if the price goes up.

If a person has a budget that starts out at $100 per week that he has to split between investment, back up funds and discretionary consumption, he might feel that it is taking him a while to really build up his bitcoin investment and also his back up funds, yet maybe after plenty of time figuring out ways to increase his income and to decrease some of his basic expenses, then maybe after a few month, he might have $300 per week that he is able to split between investing, back up funds and discretionary consumption.

Of course there are guys who might not depend on their salary completely, and they might have other investments and/or maybe they receive bonuses in their pay (income) from time to time, and so maybe in those cases of having extra funds it might make sense to divide between DCA, lump sum and buying on dips.

I think that my main point is to suggest that the idea of buying on dips and/or supplementing DCA with buying on dips might not necessarily be a good idea for all people, especially guys who have relatively low discretionary income and maybe guys who are investing 10% or even less of their income into bitcoin, and for those guys it may well be better to just ongoingly buy bitcoin through DCA rather than fucking around with dips that may or may not end up happening.  Of course, even a guy who is regularly buying bitcoin, let's say $100 per week, he is going to end up buying more bitcoin during the dips and less when the BTC price goes higher merely based on how many bitcoin (or satoshis) that he is getting for his dollars (fiat).

You really have a point here, and that's the reason why guys are going backwards in thier investment plans or journey rather, what I always wants guys should understand is that, they don't need to focus on buy the dip always, it should be seen as an opportunity whenever it comes over, in facts, I will vividly say that newbies actually needs backup funds more than the dips funds, because when you decided to put your emergency funds on buying the dips, bills immediately come overnight, you will be forced to sell at the worst possible moment, it even more worsen than missing out the dips.

However, in my own opinion, guys really need to based their self on DCA strategy and be consistent with it for long-term growths, then when there's dips they can take the advantages and buy with any available discretionary income. Some guy are actually losing thier funds not because they didn't buy the dips, but some maybe as a result of inconsistent on thier strategies or keep waiting. Irrespective of how smaller the discretionary income is, your aims should be on DCA strategy, either weekly or otherwise and be accumulating it gradually and hold for a longer-term period.

[KiaKia]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

You’re right, I don’t see any reason why a newbie who is just getting started with bitcoin would be waiting for a dip, or being excited about buying a dip, they should just take the opportunity of buying the dip whenever it happens, either way you’re waiting or buying regularly I think you will still come across a dip, and you will still buy the dip because you’re still in your accumulating phase, which is why I don’t see any reason to be waiting for the dip when we can ongoingly be buying bitcoin regularly, I don’t see any reason why I would be saving money specifically for buying the dip when I can still be buying through the DCA on a consistent rate.

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

[Futurexxx]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying,if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

What you are saying here is wrong and I totally disagree with you on this bro. As a newbie, your set goal should be trying to build a good stash of Bitcoin by buying frequently without paying attention at the price, because he is already lacking behind in his accumulation. So if he start waiting for the dip before buying, when he is way behind his accumulation, do you think that he can build a reasonable stash of Bitcoin that way?
No because he is going to miss a lot of buying opportunities because of waiting for a dip  that may never come, so buying regularly without paying attention to the price is the best, since it helps you to build your Bitcoin stash faster.

[Agbam]

Sure guys can do what they like, and when they start to get more comfortable ongoingly buying bitcoin, then they might also hold some cash on the side so that they can buy on the dips... yet we know that dips might not come and there is no real need for beginners or even intermediate bitcoin buyers to change the amount of bitcoin that they are buying based on if the price dips or if the price goes up.

If a person has a budget that starts out at $100 per week that he has to split between investment, back up funds and discretionary consumption, he might feel that it is taking him a while to really build up his bitcoin investment and also his back up funds, yet maybe after plenty of time figuring out ways to increase his income and to decrease some of his basic expenses, then maybe after a few month, he might have $300 per week that he is able to split between investing, back up funds and discretionary consumption.

Of course there are guys who might not depend on their salary completely, and they might have other investments and/or maybe they receive bonuses in their pay (income) from time to time, and so maybe in those cases of having extra funds it might make sense to divide between DCA, lump sum and buying on dips.

I think that my main point is to suggest that the idea of buying on dips and/or supplementing DCA with buying on dips might not necessarily be a good idea for all people, especially guys who have relatively low discretionary income and maybe guys who are investing 10% or even less of their income into bitcoin, and for those guys it may well be better to just ongoingly buy bitcoin through DCA rather than fucking around with dips that may or may not end up happening.  Of course, even a guy who is regularly buying bitcoin, let's say $100 per week, he is going to end up buying more bitcoin during the dips and less when the BTC price goes higher merely based on how many bitcoin (or satoshis) that he is getting for his dollars (fiat).

You really have a point here, and that's the reason why guys are going backwards in thier investment plans or journey rather, what I always wants guys should understand is that, they don't need to focus on buy the dip always, it should be seen as an opportunity whenever it comes over, in facts, I will vividly say that newbies actually needs backup funds more than the dips funds, because when you decided to put your emergency funds on buying the dips, bills immediately come overnight, you will be forced to sell at the worst possible moment, it even more worsen than missing out the dips.

However, in my own opinion, guys really need to based their self on DCA strategy and be consistent with it for long-term growths, then when there's dips they can take the advantages and buy with any available discretionary income. Some guy are actually losing thier funds not because they didn't buy the dips, but some maybe as a result of inconsistent on thier strategies or keep waiting. Irrespective of how smaller the discretionary income is, your aims should be on DCA strategy, either weekly or otherwise and be accumulating it gradually and hold for a longer-term period.

The aim of what we’re always discussing here and what JayJuanGee is advising is so guys can be able to make better choices/decisions with their investments no matter the level of their incomes and how it comes.

The DCA is a proven best strategy for every kind of investor but some investors once in awhile defer to buy the dip or lump sum by their own decision. What’s important in all these is remaining consistent and investing with discretionary money.

[Frankolala]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

It's easy to time the market on paper but in reality it's impossible because the market is unpredictable. This is why brand new investors shouldn't even think of waiting to buy bitcoin at a cheaper price because it will keep them on a no coiner state for a very long time. Even old bitcoin investors cannot time the market talk more of a brand new investor with zero knowledge about the market.

There's no special time to buy bitcoin and there's nothing like buying bitcoin blindly irrespective of the price you bought it because as long as you're a long term investor, you wouldn't regret it because your main goal is to focus on building your bitcoin stash to your target and not to focus on buying cheaper bitcoin. A brand new investor should use DCA to build his bitcoin portfolio because he just got into the game and need to build his bitcoin stash in a consistent pace by buying weekly overtime.

Waiting to buy at the dip will put you into confusion because you will be waiting clueless on when you will but your next bitcoin. What if bitcoin price didn't dip, you will continue waiting. That's a poor way to build your bitcoin stash for the future because it's the quantity of bitcoin that you're able to accumulate now that will determine the size of your bitcoin portfolio and profit in future. You need to keep your bitcoin accumulation ongoing, persistent and consistent overtime and don't wait for no reason. Waiting is a time and destiny killer.

I prefer to buy bitcoin with DCA regardless the price and have a good size of bitcoin in future than to have very little size of bitcoin which I bought cheaper.

[Rockstarguy]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Even if you buy Bitcoin at the lowest, you will still need to HODL, and you also need to buy Bitcoin from time to time. The bottom doesn't last forever; that cheap price you bought won't be permanent, and you still need to buy no matter what the price of Bitcoin is. The most important thing you need to know is that you must HODL whether you buy Bitcoin low and for once or you consistently buy Bitcoin.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying,[/b]if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

There is no perfect time to buy Bitcoin, and no one buys Bitcoin blindly. It is all good to accumulate Bitcoin at any time you have the opportunity to buy. The most important thing you need to know, whatever price you buy Bitcoin at, is that you must HODL.

[ruykeri]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

If someone tries to buy Bitcoin at  low price from the beginning, then he will remain in the trading mindset. If he invests for a long time, the price of Bitcoin will be more or less high during this long period. If he buys Bitcoin regularly, he will be able to buy Bitcoin at an average price. And the example you gave is about price fluctuations in the short term. You are right that if you can buy Bitcoin at a low price, it gives more profit, but since we do not know which price is lower or when the price will decrease, a new investor should concentrate more on buying Bitcoin regularly. It is good for a new investor to have an idea about the Bitcoin bull and bear market. But have to wait for the price to decrease after the new ATH, try to make a perfect entry, and be careful not to create such a mindset. And if the price dip after buying, that purchase cannot be automatically called a mistake. Since no one knows where Bitcoin price will go in the future, there is no need to think that buying Bitcoin is wrong due to its volatility in the short term. If you continue to invest regularly, the price that as Bitcoin ATH today will be as dip.

[Rockson1]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

Spot on sir, I'm glad to see that you did justice to this, so that both newbies and other investors that might be confused about this subject, will understand that waiting for the dip is of no use, I don't know how it will sound that a newbie that is ready both mentally and financially will decide to wait for the dip, without considering the delay and discourage that might arise while waiting, what happens to acumulating with our discreationary steadily with the DCA method which will also cover both the dip or anytime, I think if a newbie wants to buy during the dip, waiting for the dip is the best way to go about it, rather he can start acumulating Bitcoin gradually and consistency, then buy agressively at any slightest dip, I do not buy the idea of doing nothing by deceiving oneself that they want to buy the dip.

[Grease5000]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

[Sammysmart001]

he is going to end up buying more bitcoin during the dips and less when the BTC price goes higher merely based on how many bitcoin (or satoshis) that he is getting for his dollars (fiat).

You really have a point here, and that's the reason why guys are going backwards in thier investment plans or journey rather, what I always wants guys should understand is that, they don't need to focus on buy the dip always, it should be seen as an opportunity whenever it comes over, in facts, I will vividly say that newbies actually needs backup funds more than the dips funds, because when you decided to put your emergency funds on buying the dips, bills immediately come overnight, you will be forced to sell at the worst possible moment, it even more worsen than missing out the dips.

However, in my own opinion, guys really need to based their self on DCA strategy and be consistent with it for long-term growths, then when there's dips they can take the advantages and buy with any available discretionary income.

Yea this important, because DCA adjust the amount of Bitcoin you receive already based on the price. Same amount of money naturally buys more of sats when the price is lower. So as a beginner you don’t need to keep changing strategy when ever market moves.

Personally for me i see consistency as the bigger issues, cause someone that keeps on waiting for a bigger dip, it so easy for them to loss the smaller dips that do happens along the way. It fine to have an extra discretionary money to but during a dip, but this shouldn’t be something that will make you stop your regular accumulation rather it should be an opportunity for you.

[Muba20]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

You’re right, I don’t see any reason why a newbie who is just getting started with bitcoin would be waiting for a dip, or being excited about buying a dip, they should just take the opportunity of buying the dip whenever it happens, either way you’re waiting or buying regularly I think you will still come across a dip, and you will still buy the dip because you’re still in your accumulating phase, which is why I don’t see any reason to be waiting for the dip when we can ongoingly be buying bitcoin regularly, I don’t see any reason why I would be saving money specifically for buying the dip when I can still be buying through the DCA on a consistent rate.

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

The problem for new investors or investors in the savings stage starts when they abandon regular accumulation and make finding the right price their main strategy. You never know for sure which price is low in the Bitcoin market and which price was before a major decline. If someone you know buys for $80k and the price drops to $58k and he starts to get scared, then his problem is not that he bought for $80k. His main problem is that he may not have considered position size, time horizon, emergency fund and volatility. The purpose of DCA is to reduce such timing pressure.

It is not wise to wait for the price to definitely go down even if it is ATH. Because if you wait for a long time, the investor has to stay with zero Bitcoin and cannot start accumulating. Therefore, long-term investors are advised to gradually tighten their position regularly according to their ability when they get discretionary income.

[Joeboy]

~snip~

Spot on sir, I'm glad to see that you did justice to this, so that both newbies and other investors that might be confused about this subject, will understand that waiting for the dip is of no use, I don't know how it will sound that a newbie that is ready both mentally and financially will decide to wait for the dip, without considering the delay and discourage that might arise while waiting, what happens to acumulating with our discreationary steadily with the DCA method which will also cover both the dip or anytime, I think if a newbie wants to buy during the dip, waiting for the dip is the best way to go about it, rather he can start acumulating Bitcoin gradually and consistency, then buy agressively at any slightest dip,  I do not buy the idea of doing nothing by deceiving oneself that they want to buy the dip.

It is very wrong to be advising newbies to base their aggressiveness on dips...Newbies has no or at times a very low portfolio and that is exactly why their very focus should be geared towards consistently and continuously accumulating so as to very well increase their portfolio... The truth about dips is that no one knows for sure when that perfect dip will emerge....And the more one continues basing their level of aggressiveness on the presence of dips, the more it could also stimulate the habit of folks timing the market in search of relatively cheaper prices... Which could I turn slow down the pace of their accumulation journey...

[Cyber_warrior]

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

If when a newbie eventually have a discretionary income, and it during the Dip, it not bad to begin it investment, but for a newbie or anyone waiting for the Dip before investing is bad. We all know that sometimes waiting for the Dip can mostly lead to procrastinating of investment or delay in investment.

Why even wait for the the Dip, If you are person who get paid on salary, it very easy to just get your discretionary income from your wages and be accumulating as much bitcoin as you can. DCA even gives you that much comfortability and conveniency.

[Odohu]

If when a newbie eventually have a discretionary income, and it during the Dip, it not bad to begin it investment, but for a newbie or anyone waiting for the Dip before investing is bad. We all know that sometimes waiting for the Dip can mostly lead to procrastinating of investment or delay in investment.

Why even wait for the the Dip, If you are person who get paid on salary, it very easy to just get your discretionary income from your wages and be accumulating as much bitcoin as you can. DCA even gives you that much comfortability and conveniency.

The most important thing for everyone is to get their hands on Bitcoin and hold, never to run out of it mo matter what. If you are opportune to have some of your DCA investmemt times happen when there is dip, good for you because that will give you more Bitcoin for the same fiat that you are putting in. If it is also when price is rising,  just buy and hold beause what matter most is having the coins in your possession. I don't know why people still worry about price at this point in time that we already know that no matter what happens, Bitcoin will always seek new highs.

[JayJuanGee]

[edited out]

The aim of what we’re always discussing here and what JayJuanGee is advising is so guys can be able to make better choices/decisions with their investments no matter the level of their incomes and how it comes.

The DCA is a proven best strategy for every kind of investor but some investors once in awhile defer to buy the dip or lump sum by their own decision. What’s important in all these is remaining consistent and investing with discretionary money.

You are convoluting lump sum and buying the dip.

They are not the same.

Guys might ONLY have opportunties to lump sum when they come accross some extra money, or otherwise, they could free up some money from some other investment that they have.

Whenever a lump sum comes available, there still should be a consideration about the extent to which the lump sum will be used to 1) buy right away, 2) defer by time (DCA) and/or 3) defer by price (buy dips that might not end up happening).

A great thing about lump sums is that it gives options that may well go beyond the usual income situation that a guy might have on a weekly/monthly basis.

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

Spot on sir, I'm glad to see that you did justice to this, so that both newbies and other investors that might be confused about this subject, will understand that waiting for the dip is of no use, I don't know how it will sound that a newbie that is ready both mentally and financially will decide to wait for the dip, without considering the delay and discourage that might arise while waiting, what happens to acumulating with our discreationary steadily with the DCA method which will also cover both the dip or anytime, I think if a newbie wants to buy during the dip, waiting for the dip is the best way to go about it, rather he can start acumulating Bitcoin gradually and consistency, then buy agressively at any slightest dip, I do not buy the idea of doing nothing by deceiving oneself that they want to buy the dip.

If a guy already has a relatively aggressive bitcoin buying routine of buying bitcoin every week, then I don't know why he would have any extra money for buying the dip, since if he has extra money to buy the dip, then he probably was not buying as aggressively as he had though that he was in his regular weekly bitcoin buys.

[edited out

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

You might be lost KiaKia.  This is not a trading thread.

Since you have been registered here since April 2022, then maybe you have been able to accumulate some bitcoin in that time of slightly more than 4 years, yet if you have been distracted by fucking around with trading, then maybe you have not been very focused on persistent, consistent, regular, ongoing and perhaps even aggressive bitcoin buying.

Even a straight-forward strategy of buying $100 per week of bitcoin since April 2022 would have caused $23.4k to be invested and a current BTC stash size of 0.555 BTC, which is not bad.  Are you saying that you trading has done better than that, @KiaKia?

Many times it can be difficult to measure meaningful results over a mere 4 year cycle, yet if you had spent 2 cycles accumulating bitcoin, then it becomes even harder to beat a straight forward bitcoin accumulating strategy as compared to a strategy that fucks around with trying to time dips and those other various inferior strategies - especially if your goal might be bitcoin accumulation.

[PERtua]

If when a newbie eventually have a discretionary income, and it during the Dip, it not bad to begin it investment, but for a newbie or anyone waiting for the Dip before investing is bad. We all know that sometimes waiting for the Dip can mostly lead to procrastinating of investment or delay in investment.

Why even wait for the the Dip, If you are person who get paid on salary, it very easy to just get your discretionary income from your wages and be accumulating as much bitcoin as you can. DCA even gives you that much comfortability and conveniency.

The most important thing for everyone is to get their hands on Bitcoin and hold, never to run out of it mo matter what. If you are opportune to have some of your DCA investmemt times happen when there is dip, good for you because that will give you more Bitcoin for the same fiat that you are putting in. If it is also when price is rising,  just buy and hold beause what matter most is having the coins in your possession. I don't know why people still worry about price at this point in time that we already know that no matter what happens, Bitcoin will always seek new highs.

I believe the real issue with waiting for a dip is that there is no scientific way to say what exactly constitutes a dip. What seems like a good entry point can be a bad one, in that a 10% decline might seem great, but a 20% decline could be better. However the same price point that appears expensive today could look cheap a few years later. While DCA eliminates the need to guess at these short term price fluctuations, it doesn't also imply purchasing blindly. It's important to have an emergency fund. But one with limited discretionary income should also establish a manageable amount. DCA isn't as much about making the right timing trade and more about minimizing the risk of making one big mistake.

[sotelorene]

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

Anyone who only buy when the price is at discounted price and sell at premium price is typically a trader but in most cases, when someone buy at the discounted price hoping for price to rise, the price usually drop so badly and this is why people panic because they believe market will push from where they bought. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

[Silikiem]

I think you are confuse about the whole idea of bitcoin accumulation and and what DCA really is. Those buy bitcoin only during price  dip  and sale when price pump are more of traders than investors.

An investor who have  discretionary income  and want to buy bitcoin using the DCA strategy should know that the DCA gives investors the opportunity to buy bitcoin little by little continuously and can buy more bitcoin using same amount while using the DCA strategy. Though it is normal to react to price drop but only those who don't use discretionary income to invest react badly to price.

Anyone who only buy when the price is at discounted price and sell at premium price is typically a trader but in most cases, when someone buy at the discounted price hoping for price to rise, the price usually drop so badly and this is why people panic because they believe market will push from where they bought. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

Let’s be honest, buying at a discounted price and selling at a high price is not bad, it’s a profitable investment for sure, besides you wouldn’t want to buy at a low price and sell at a higher price which will lead to loses. The only problem here is the attitude of buying in this discounted prices and after buying, how long were you able to continue buying and hodling before thinking of selling.

Most people will intentionally wait until they see a price drop to their own desire before they can buy and even after buying they sell immediately they see a little increase in price, that is a traders mindset looking for a quick profit. This people are usually move by greed goal of making instant huge gains, they don’t only invest with a discretionary income since it may look too small for them, they invest with lot more than they can afford to let go for a long term and when the price goes down after they might have waited for a discounted price to buy, hoping for a quick surge but instead the price keeps going down, it is at this point they get disappointed and panic sell at loss. To be able to overcome all of this, it will be better for investors to focus their attention on a long term investment where they can be buying regularly and HODL with just a discretionary income which they won’t be needing the money for anything else in the long run.

[Futurexxx]

. I do not know the kind of reaction you said it is normal when price drop but an investor who knows what he is doing won't react to market unless the market dip 80-90 percent which is not possible.

Even though the market drop by 80-90% as you said here, those that truly believes in Bitcoin and are only looking at the bigger picture, like how Bitcoin will rise up to in the future will not sell in panic, because they knows that it is only but a short term volatility that wouldn't last long, and in due time, the value of Bitcoin will recover as it has already done.

Once you buy with the intention of reselling it once it appreciate in value, just know that you are not an investor, but rather a trader that is after short term profit, because a long term investor will not even entertain the idea of selling his holdings for minimal gains, just because Bitcoin appreciated in value that moment.

[Alonso_]

Even for newbies, there seems to be no reason to wait for a dip, cheer for a dip or even welcome a dip, but instead do not let the dip bother you since when there is a dip, and if you are ongoingly buying bitcoin, then during such dips, if they arrive, you are getting more bitcoin for the same amount of dollars.

You’re right, I don’t see any reason why a newbie who is just getting started with bitcoin would be waiting for a dip, or being excited about buying a dip, they should just take the opportunity of buying the dip whenever it happens, either way you’re waiting or buying regularly I think you will still come across a dip, and you will still buy the dip because you’re still in your accumulating phase, which is why I don’t see any reason to be waiting for the dip when we can ongoingly be buying bitcoin regularly, I don’t see any reason why I would be saving money specifically for buying the dip when I can still be buying through the DCA on a consistent rate.

What are you talking about, it's a good reason if a newbie can buy Bitcoin when it's low, there is nothing wrong with understanding this very early, it makes no sense to buy Bitcoin all for the sake of you need to buy it and hold.

Newbies need to understand that buying Bitcoin in some period of time is better than blindly buying, if a newbie has bought Bitcoin at 80k when it topped at 126k thinking it's th best time to buy they would lose their cool and patience seeing BTC at 58k.

They are new so they will react to this price action, so it's the right thing to guide them right about the bull market and the bear market,  after a new all time high bitcoin will go down, what goes up must come down, DCA is sweeter on the lows than DCA on every move.

I should ask, what are you talking about ?, because you sound lost with your entire statement here and you need to find yourself, seems like you have a problem with buying bitcoin consistently considering when the price is high, however I don’t have a problem with a newbie buying a dip, but what I can’t personally do is waiting for the price of bitcoin to dump before I can buy bitcoin, which means you’re obviously waiting for the dip, and from the way you’re talking you’re someone who specializes on waiting to buy the dip and hold, anyways I don’t know if you’re holding bitcoin, because from my understanding and from all indications of your statement you might just as well want to buy bitcoin when the price is low and when their is a quick profits you sell immediately, because that is the only reason why I think someone would be waiting for an unprecedented dip before they can buy bitcoin, you can choose to approach the bitcoin market how you feel comfortable, but I can’t indulge myself in any dip waiting game strategy.

However I will tell you that if a newbie is buying bitcoin consistently and not waiting for the dip to come before they can buy bitcoin, then that newbie is buying with a foresight and doing the right thing, so he isn’t buying blindly like you have said, because he is buying consistently on a weekly basis or on a monthly basis, so I’m wondering when a newbie have accumulated bitcoin for the month, considering that he buys on a monthly basis, he has bought bitcoin already so how does he get a discretionary income when the unknown dip comes since your emphasizing so much on dip, buying a dip isn’t important considering that you’re buy regularly, either the dip coms or not is none of my business, as long as I keep doing DCA consistently.

The fact that a newbie buying bitcoin at $80k and the price eventually drops to $58, what does it change ? Why should I feel disgruntled when I can still buy bitcoin consistently without bothering about the price, and you can still buy at any price through the DCA, like i said it’s only someone that has a trading mindset that would be more interested in buying the dip instead of buying regularly.