Buy Buy Buy or Sell Sell Sell?

[Crytohillss]

There is no strategy that isn't good for buying bitcoin however the only thing I think that is wrong is how we approach and apply this strategy. Buying the dips isn't a bad idea, the only thing is about waiting for the dip to happen before it occurs. The fact that someone is using DCA strategy also doesn't prevent them from buying the dip or doing lump sum . The most important thing is if we have the discretionary income to invest with.

Every strategy is good and could be effective depending on who is using it to accumulate bitcoin and how consistent they invest from discretionary income. Since these strategies requires the use of discretionary income to invest, what you should be more concerned with isn't the strategy itself but producing discretionary income that will make the strategy effective.
Waiting for the Dip before buying is nonsensical since you're DCAing because waiting or timing the market completely contradict the true essence of DCA strategy. I think buying regardless of the price will be more rewarding and more reasonable than waiting for the dip that may never occur.

It all depends on the financial capacity we have. I think it doesn't matter what strategy we use to accumulate Bitcoin, although I also agree that the DCA strategy is quite profitable. However, for some people who want to buy in larger amounts and wait for price drops, that cannot be blamed either, because they are certainly aware of the risks and all the possibilities.

You cannot assume that guys waiting for dips are doing the right thing.  There are trade offs, and they may or may not be aware of their level of dumbness and greediness and their bad mindset... but hey guys can do what they like, even dumb shit.  So, yeah, guys can be blamed for being dumb and greedy.  We have seen a lot of this greediness and waiting for dips through bitcoin's history.  Guys waiting for dips that did not happen, and guys failing/refusing to ongoingly buy bitcoin because they think that they are smarter, and so yeah those guys ended up getting themselves into a bad mindset, a bad set of practices and in a worse situation than would have had been or should have had been as compared with guys who had been ongoing and persistently buying bitcoin.  Yeah, they might get lucky, yet it seems a bad idea to be incorporating gambling and/or luck into bitcoin investing, rather than staying focused on ongoing, consistent, persistent, regular and perhaps even aggressive buying of bitcoin, and that does not come through the employment of gambling and waiting techniques.

Waiting for dips is just a perfect way of accumulating or investing in Bitcoin and can never proof to be an effective approaches because the volatility of Bitcoin is unpredictable however DCA, lump some, using of emergency funds if available could be all used in accumulating Bitcoin rather waiting for a dip that may not happen anytime soon.
I know of friend who invested in Bitcoin for first time with lump some strategy without dcaing and he cashed big time and he's doing well as l speak but am not saying that lump some as strategy of acquiring Bitcoin is the best but however as investor will ought to be intentional and prudent with regard to investing in Bitcoin making use of available strategies that fast track your purpose which is profiting from your Bitcoin investment.

Yep.  There could be a lot of examples of people who put decent amounts of money into bitcoin and then the price shot up.  Thereafter they cashed out on their investment with a decent amount of profits in a short period of time, and yeah they profited from their having had traded a price pump in bitcoin.  there have been a lot of examples in bitcoin's history.. and are you going to say that they are better off than if they would have kept their bitcoin until now?  Those who sold everything at $30 in 2011 - those who sold everything at $240 in April 2013?, those who sold everything at $1.1k in November 2013?  those who sold everything at $19k in 2017?  those who sold everything at $63k in early 2021 or those who sold at $65k in late 2021?  and yeah there are various other examples where a lot of profit could have had been made in a short period of time.   Devil might be in the details regarding if they made good decisions to sell everything?  And did they buy back or are they currently a no coiner?

You are very correct, At the end of the whole thing consistency and having discretionary income mtter than over thinking the strategy , DCA can only work when people remove emotions and observing the equation so relying on the dip is a kind of defeats of purpose purchasing regular , regardless of short term  price movement it is really more sustainable in the long period run than trying to out smart the market.

[Popkon6]

You are very correct, At the end of the whole thing consistency and having discretionary income mtter than over thinking the strategy , DCA can only work when people remove emotions and observing the equation so relying on the dip is a kind of defeats of purpose purchasing regular , regardless of short term  price movement it is really more sustainable in the long period run than trying to out smart the market.

Those who invest in the short term cannot profit much, because the Bitcoin market can go up and down at any time. However, if you invest in the long term, you can buy Bitcoin at any time in the Bitcoin market, but you cannot take this opportunity in short-term investment. The risk in short-term investment is much higher, which is why it is not popular, the risk in long-term Bitcoin investment is much lower and you can invest Bitcoin according to your opportunity and add it to your main holdings by independent discretionary income in the market. For this, you can dedicate yourself more by following the DCO method and using discretionary income properly.

[Cpt_reader]

Those who invest in the short term cannot profit much, because the Bitcoin market can go up and down at any time. However, if you invest in the long term, you can buy Bitcoin at any time in the Bitcoin market, but you cannot take this opportunity in short-term investment. The risk in short-term investment is much higher, which is why it is not popular, the risk in long-term Bitcoin investment is much lower and you can invest Bitcoin according to your opportunity and add it to your main holdings by independent discretionary income in the market. For this, you can dedicate yourself more by following the DCO method and using discretionary income properly.

Investing in Bitcoin means long-term investment. The longer you hold Bitcoin, the more profit you will have, but buying Bitcoin cannot be expected to make much profit within six months or a year. If you want to make profit in Bitcoin, you have to buy Bitcoin continuously with a plan of 5 years or 10 years or 20 years. I am buying Bitcoin continuously following the DCA method. My plan is to buy Bitcoin with the aim of being a little financially comfortable in my old age. I hope to have a good amount of Bitcoin in my portfolio after the next 20 years.

[Derekfunds]

I think the best time to buy is majorly dependent on the strategy in use. You can decide to lump sum during the dip and still hodl for long-term. Someone can also do Value Averaging VA (having a particular portfolio target and double their input during the dip) and still hodl on a long-term. Every strategy somehow has it's best time. But looking at DCA, you'll see that  the set time or best time for accumulation of Bitcoin is just now as all time is ripe for buying.
Even when doing dynamic DCA, that's increasing input on the dip, that doesn't really make the dip the best time to buy as long as it's DCA.

Literally, the best time to buy is all the time. No perfect time, at any time is the best time. Provided that you have your money intact, the strategy plays a major role in the period you have to buy. That is the work of the strategy. Every strategy has a way to accumulate to meet your goal. Also, the longevity of the investment matters as well. Due to how close you are to reaching your long-term goal, you might choose to limit the way you buy, try a different strategy, or perhaps do something different from what you are doing.

I agree with you there is no perfect time to buy Bitcoin but some people still believe that the Dip is the perfect time to buy Bitcoin which is not correct. The DCA method helps an investor to buy or purchase Bitcoin at any time of the market that is whether the market is down or up, the DCA doesn't care and it is a nice strategy amongst the other 2 because people without stable and steady source of income can invest as long as they can get there discretionary. What do you mean when you said someone can limit the way they buy Bitcoin because of how close they are? You don't have or need to limit how you buy Bitcoin as long as you are comfortable with the way you are buying.

[Johnlomape]

You are very correct, At the end of the whole thing consistency and having discretionary income mtter than over thinking the strategy , DCA can only work when people remove emotions and observing the equation so relying on the dip is a kind of defeats of purpose purchasing regular , regardless of short term  price movement it is really more sustainable in the long period run than trying to out smart the market.

Those who invest in the short term cannot profit much, because the Bitcoin market can go up and down at any time. However, if you invest in the long term, you can buy Bitcoin at any time in the Bitcoin market, but you cannot take this opportunity in short-term investment. The risk in short-term investment is much higher, which is why it is not popular, the risk in long-term Bitcoin investment is much lower and you can invest Bitcoin according to your opportunity and add it to your main holdings by independent discretionary income in the market. For this, you can dedicate yourself more by following the DCO method and using discretionary income properly.

How can short term investors make profits from the market when the price of Bitcoin can move to any direction.
Short term investors are only in the market to make quick profits and later lose money because of the fear that they can not hold for a long term interval in the market.

The DCA is available for those that are smart enough to see what is before them in the future. The future holds plenty goodies for those that can buy now gradually, accumulating enough Bitcoin so that they can earn when their investments grow. Just imagine buying Bitcoin in bulk thinking you are made a good investment in the market not knowing that the price of Bitcoin is going to go dip. This is the reason why it is better to accumulate Bitcoin gradually without being greedy.

[Rockson1]

In my own opinion I still think DCA strategy still remains as the most viable and efficient strategy of buying bitcoin, most especially for people who are plebs and would want to continue to buy bitcoin on a consistent basis, when I started buying bitcoin I had to appreciate buying through the DCA because I wasn’t so confident with my discretionary amount leftover but I was very much interested in buying bitcoin consistently and to hold, but I wouldnt disagree that buying bitcoin with the right process of having a good mindset of buying and holding bitcoin.

I think the right time of buying bitcoin would majorly depend on when you have a discretionary income available.

What you pointed out to be the right time for anyone to invest in Bitcoin is right but I can still tell you that individual right time to invest in Bitcoin, is whenever they are ready and interested in Bitcoin investment, I think being ready and interested has a lot to do with investors figuring out their discretionary income, there is no way we want stretch it that we won't mention DCA strategy of buying Bitcoin, DCA method is just like a tactics, every successful Bitcoin, will have one or two things to say about DCA strategy of acumulating Bitcoin because is either they have made use of it in the begining of they at some point understand that instead putting a lot pressure on themselves, they can actually invest gradually and consistently with the help of DCA strategy, DCA method will always remain the wonders that has help individuals of different financial status into Bitcoin investment.

[Silikiem]

There is no strategy that isn't good for buying bitcoin however the only thing I think that is wrong is how we approach and apply this strategy. Buying the dips isn't a bad idea, the only thing is about waiting for the dip to happen before it occurs. The fact that someone is using DCA strategy also doesn't prevent them from buying the dip or doing lump sum . The most important thing is if we have the discretionary income to invest with.

Every strategy is good and could be effective depending on who is using it to accumulate bitcoin and how consistent they invest from discretionary income. Since these strategies requires the use of discretionary income to invest, what you should be more concerned with isn't the strategy itself but producing discretionary income that will make the strategy effective.
Waiting for the Dip before buying is nonsensical since you're DCAing because waiting or timing the market completely contradict the true essence of DCA strategy. I think buying regardless of the price will be more rewarding and more reasonable than waiting for the dip that may never occur.

It all depends on the financial capacity we have. I think it doesn't matter what strategy we use to accumulate Bitcoin, although I also agree that the DCA strategy is quite profitable. However, for some people who want to buy in larger amounts and wait for price drops, that cannot be blamed either, because they are certainly aware of the risks and all the possibilities.

You cannot assume that guys waiting for dips are doing the right thing.  There are trade offs, and they may or may not be aware of their level of dumbness and greediness and their bad mindset... but hey guys can do what they like, even dumb shit.  So, yeah, guys can be blamed for being dumb and greedy.  We have seen a lot of this greediness and waiting for dips through bitcoin's history.  Guys waiting for dips that did not happen, and guys failing/refusing to ongoingly buy bitcoin because they think that they are smarter, and so yeah those guys ended up getting themselves into a bad mindset, a bad set of practices and in a worse situation than would have had been or should have had been as compared with guys who had been ongoing and persistently buying bitcoin.  Yeah, they might get lucky, yet it seems a bad idea to be incorporating gambling and/or luck into bitcoin investing, rather than staying focused on ongoing, consistent, persistent, regular and perhaps even aggressive buying of bitcoin, and that does not come through the employment of gambling and waiting techniques.

Waiting for dips is just a perfect way of accumulating or investing in Bitcoin and can never proof to be an effective approaches because the volatility of Bitcoin is unpredictable however DCA, lump some, using of emergency funds if available could be all used in accumulating Bitcoin rather waiting for a dip that may not happen anytime soon.
I know of friend who invested in Bitcoin for first time with lump some strategy without dcaing and he cashed big time and he's doing well as l speak but am not saying that lump some as strategy of acquiring Bitcoin is the best but however as investor will ought to be intentional and prudent with regard to investing in Bitcoin making use of available strategies that fast track your purpose which is profiting from your Bitcoin investment.

I don't understand you are you against waiting for the dip before you can buy BTC or you are in support of such method in buying bitcoin?  Waiting for the dip is never a perfect way of buying bitcoin but the slowest method of buying because you can only be buying bitcoin when the market is low which don't regularly take place most at times so the dca strategy should be the most preferably method in buying bitcoin because you don't have to wait again before you can buy BTC.
Lump sum is a method of buying and not the fund use in buying bitcoin, what we use in buying BTC is our discretionary income using your emergency fund to buy bitcoin is pure gambling which is wrong to do.

Waiting for the dip before buying bitcoin is never the perfect strategy for a true investor whose initial strategy focused on the long term goal of investment. Waiting for the dip is going to gradually turn you into a trader who’s in for a quick profit and will always panic to sell if the market is not going their way or if they notice a little increase in price. It’s advisable for newbies to use the DCA method of buying bitcoin regular either on weekly or monthly basis with just their discretionary income to enable them buy at any market price and hold for long term goal where they can gradually build up their portfolio to a decently large amount of bitcoin before they can think of relaxing a bit with their accumulation and buying the dips.

[Umulala-alala]

Relying only on buying the dip can really slow things down, because the market does not always give you the kind of dips you are waiting for. If someone keeps waiting, they will just end up missing a lot of accumulation time when they are suppose to be Dcaing and still hold less Bitcoin at the end.

That is why combining it with DCA is more better. You just keep accumulating steady, no matter the price, and still have some funds ready when a real dip come. It helps grow your position without trying to time the market.

If you buy the dip today which money will you use to DCA tomorrow? Do you people even consider this anytime you are advising people to be combining all the strategies approach together. Though the goal of everybody is to quickly reach their investment goal, but paying attention to even the littlest things matter alot. You should know that If buying the dip will affect your ability to consistently DCA, then keep buying the dip aside and only do DCA with your discretionary income.

I get your point, but taking advantage of a dip does not automatically mean someone is touching money meant for DCA. Those are two different things. If buying the dip disrupts your DCA, then the real issue is not the strategy, it is your cash flow.
You first need to fix your income structure before even thinking of combining approaches. Not everyone is in a position to do that, and that is still fine. DCA alone will still work well for many people. So mixing strategies only makes sense when your cash flow can support it without affecting you.

Bitcoin investment involves money, and we all know that not everyone has a stable income or is doing well financially, so the issue of attempting different strategies all at ones, either DCAing, buying the Dip and/or Lump summing is not for everyone or for every investor. So an investor pushing for multiple strategies to accumulate Bitcoin when he has no good source of income or enough discretionary is only joking with his investment and cannot Hodl for long at all.

And that's why we keep appreciating the DCA strategy since it allows even the common man or low income earners who have no stable income to accumulate Bitcoin if they can figure out there discretionary income from the little of there income. This strategy allows beginners or people with little income to still partake in bitcoin investment and then Hodling for long term. So the issue of combination of strategies shouldn't be what any kind of investor would get involved since it all depeyon your level of discretionary. If you don't have enough discretionary, it is best you stick to your consistent DCAing either weekly or monthly depending on when your discretionary comes in

Any body can use all the bitcoin accumulation strategy not that you will be making use of the 3 strategy at a time or regularly no you can be doing the dca regularly as a new investor, don't think of using the buy the dip strategy as a new bitcoin investor instead buy using the dca and buy more during the dip.

Those also with an unstable income can also use the lump sum strategy not by doing it regularly because the money is not there but sometimes an unexpected huge amount can come to them or winning huge amount in football betting or probably won a lottery they can decide to lump sum if they want so there is no strategy that is only kept for some particular set of people.

[PhilosopherKing]

Yep.  There could be a lot of examples of people who put decent amounts of money into bitcoin and then the price shot up.  Thereafter they cashed out on their investment with a decent amount of profits in a short period of time, and yeah they profited from their having had traded a price pump in bitcoin.  there have been a lot of examples in bitcoin's history.. and are you going to say that they are better off than if they would have kept their bitcoin until now?  Those who sold everything at $30 in 2011 - those who sold everything at $240 in April 2013?, those who sold everything at $1.1k in November 2013?  those who sold everything at $19k in 2017?  those who sold everything at $63k in early 2021 or those who sold at $65k in late 2021?  and yeah there are various other examples where a lot of profit could have had been made in a short period of time.   Devil might be in the details regarding if they made good decisions to sell everything?  And did they buy back or are they currently a no coiner?

these people Mister Jay that sold every Bitcoin because of little price pump thought that they could outsmart bitcoin, but where are they today, what the hell happened to them?

Am sure that plenty of them were not able to buy back, they are currently a no coiner because of their impatience and love for trading. Short tem pump are not the real deal so people should stop easily getting away swayed to chasing all theri bitcoins because of it.

[Bigjoe33]

Investing in Bitcoin means long-term investment. The longer you hold Bitcoin, the more profit you will have, but buying Bitcoin cannot be expected to make much profit within six months or a year. If you want to make profit in Bitcoin, you have to buy Bitcoin continuously with a plan of 5 years or 10 years or 20 years. I am buying Bitcoin continuously following the DCA method. My plan is to buy Bitcoin with the aim of being a little financially comfortable in my old age. I hope to have a good amount of Bitcoin in my portfolio after the next 20 years.

5-10-15-20 years Hodling bitcoin is a good number of years to HODL and probably, one can get some profit from your Bitcoin investment, though we do not know exactly what the price will be in the next minute or week or months or years, neither is there any guarantee of making enough profit at any given time, but hopefully, if one can HODL for such a long time, a consistent and disciplined investor must have accumulated a good number of stash.

Secondly, one most important thing is the mindset one comes into Bitcoin investment with, and it is best you come with a long term investment plan already mapped out as this will help you work towards buying and HODLing for long which will give a better investment mentality towards achieving your said goals. Guys who come in into Bitcoin investment with a short time mindset or trading mindset often rely on short time market fluctautions, and trust me, they don't Hodl for Long, at times, they sell under panic and screw things up for themselves. So long term mentality actually helps to put you on the right track of investing

[Brizi5000]

Relying only on buying the dip can really slow things down, because the market does not always give you the kind of dips you are waiting for. If someone keeps waiting, they will just end up missing a lot of accumulation time when they are suppose to be Dcaing and still hold less Bitcoin at the end.

That is why combining it with DCA is more better. You just keep accumulating steady, no matter the price, and still have some funds ready when a real dip come. It helps grow your position without trying to time the market.

If you buy the dip today which money will you use to DCA tomorrow? Do you people even consider this anytime you are advising people to be combining all the strategies approach together. Though the goal of everybody is to quickly reach their investment goal, but paying attention to even the littlest things matter alot. You should know that If buying the dip will affect your ability to consistently DCA, then keep buying the dip aside and only do DCA with your discretionary income.

I get your point, but taking advantage of a dip does not automatically mean someone is touching money meant for DCA. Those are two different things. If buying the dip disrupts your DCA, then the real issue is not the strategy, it is your cash flow.
You first need to fix your income structure before even thinking of combining approaches. Not everyone is in a position to do that, and that is still fine. DCA alone will still work well for many people. So mixing strategies only makes sense when your cash flow can support it without affecting you.

Bitcoin investment involves money, and we all know that not everyone has a stable income or is doing well financially, so the issue of attempting different strategies all at ones, either DCAing, buying the Dip and/or Lump summing is not for everyone or for every investor. So an investor pushing for multiple strategies to accumulate Bitcoin when he has no good source of income or enough discretionary is only joking with his investment and cannot Hodl for long at all.

And that's why we keep appreciating the DCA strategy since it allows even the common man or low income earners who have no stable income to accumulate Bitcoin if they can figure out there discretionary income from the little of there income. This strategy allows beginners or people with little income to still partake in bitcoin investment and then Hodling for long term. So the issue of combination of strategies shouldn't be what any kind of investor would get involved since it all depeyon your level of discretionary. If you don't have enough discretionary, it is best you stick to your consistent DCAing either weekly or monthly depending on when your discretionary comes in

Any body can use all the bitcoin accumulation strategy not that you will be making use of the 3 strategy at a time or regularly no you can be doing the dca regularly as a new investor, don't think of using the buy the dip strategy as a new bitcoin investor instead buy using the dca and buy more during the dip.

Those also with an unstable income can also use the lump sum strategy not by doing it regularly because the money is not there but sometimes an unexpected huge amount can come to them or winning huge amount in football betting or probably won a lottery they can decide to lump sum if they want so there is no strategy that is only kept for some particular set of people.

yes i agree with you, it is good that we newbie should buy bitcoin with the DCA  method regularly because if we are doing so it will help to be more active in the market and gain more experience. and sometimes this buying strategies depends on peoples cash flow which means that if we are buying regularly with the DcA method and along the line we get an additional money to our cash flow income we can easily lump sum with it, and also if the price falls massively along the process and we have a reserve funds we can also buy more and add to our holding.

[Mehmet69]

these people Mister Jay that sold every Bitcoin because of little price pump thought that they could outsmart bitcoin, but where are they today, what the hell happened to them?

Am sure that plenty of them were not able to buy back, they are currently a no coiner because of their impatience and love for trading. Short tem pump are not the real deal so people should stop easily getting away swayed to chasing all theri bitcoins because of it.

Yes, impatience and addiction to trading can easily make an investor a no-coiner.

Bitcoin is a matter of investment. In this, an investor starts investing in a short-term manner and after knowing and understanding the whole thing, invests in the long term. To invest in the long term, we have to be patient. We have to be consistent in our investment. We cannot be afraid of investing by seeing a small sharp decline in the market.

We cannot stop investing before reaching that goal by setting a specific time.

[Raflesia]

these people Mister Jay that sold every Bitcoin because of little price pump thought that they could outsmart bitcoin, but where are they today, what the hell happened to them?

Am sure that plenty of them were not able to buy back, they are currently a no coiner because of their impatience and love for trading. Short tem pump are not the real deal so people should stop easily getting away swayed to chasing all theri bitcoins because of it.

When their portfolios are sold and they always think optimistically by buying at the bottom price and doing that repeatedly in the end this will only make them bother themselves in a way and it is not really an investment because they are just traders but claim to be investors just because of the hype.

It might work at least once but after selling the assets they have there is no guarantee of getting back in which backfires on them.
The few percent profit from the sale is ultimately not worth the wrong approach. So it is important for us to be more able to think further not only because we are carried away by greed with a few percent profit but eliminate opportunities in the long run that allow much greater benefits.

[Gallar]

I agree with you there is no perfect time to buy Bitcoin but some people still believe that the Dip is the perfect time to buy Bitcoin which is not correct. The DCA method helps an investor to buy or purchase Bitcoin at any time of the market that is whether the market is down or up, the DCA doesn't care and it is a nice strategy amongst the other 2 because people without stable and steady source of income can invest as long as they can get there discretionary. What do you mean when you said someone can limit the way they buy Bitcoin because of how close they are? You don't have or need to limit how you buy Bitcoin as long as you are comfortable with the way you are buying.

Yes, I agree with you. It's true that when we talk about the DCA strategy, we don't focus too much on price fluctuations when buying Bitcoin, and that actually makes it easier to invest in Bitcoin. However, if You say that a price drop isn't the right time to buy Bitcoin, I don't think that's true either. Logically, even when Bitcoin experiences a correction, we should capitalize on that momentum to buy Bitcoin more aggressivelyy. Because the price drop might not happen again.

Therefore, when the Bitcoin price drops, whether investors are using DCA or other strategies, they must be able to capitalize effectively. In my opinion, there's nothing wrong with buying Bitcoin when the price is dropping. What's not allowed and not recommended is waiting for the Bitcoin price to drop before making a purchase. But if, for example, we're regularly using DCA on Bitcoin and when we're about to accumulate, the Bitcoin price happens to be correcting, then we should make the most of that time. So, don't misunderstand that buying Bitcoin during a downturn is bad. Because once again, I emphasize that deliberately waiting for the Bitcoin price to drop before making a purchase is not a good idea, and this does not mean that buying when the price drops is bad.

[Nightwatchmare]

Just waiting to buy a dip always leads to failure, sitting for a drop often leads to a missed opportunity, so consistently is the most reasonable strategy. Between those who buy consistently and those who just sit for a dip, a consistent investor will definitely be more profitable in the long run. Because investors who buy dips often miss opportunities, or most of them have a more panicked attitude, and the biggest thing is that they can never enter the market as they expect.

It is true that those who wait for the market to fall often fail to enter the market as expected. This is because they rely more on their own assumptions than on the actual market situation and delay making decisions at the right time. As a result, they fail to take advantage of opportunities when they arise.

On the other hand, if someone invests regularly through the DCA strategy without waiting for a fall, then in many cases he is seen to be in a better position than the so-called ,deep buyer, The main goal of an investor should be to keep time in the market, not to time the market.

Many times, investors delay waiting for a fall and ultimately lose the opportunity to enter the market. Therefore, instead of opportunistic investing, it is wiser to invest regularly through the DCA strategy. Continuous investment rather than waiting for a fall is more effective in the long run. And this will be the ethical investment

People are just wasting their time waiting for the perfect dip that might never come when they could  just keep doing regular buying without overthinking every move. It removes the act of guessing prices and emotions from the process. That's why the DCA method preaching has been going on here for quite a lot of time now.  it just need you to be consistent and you don't need to use big money to start, only what you can afford. Happy new year folks.

I see people that are waiting for a perfect dip to start Bitcoin investment as people who are not ready to invest in Bitcoin because they can wait for eternity the perfect dip will never come, and the approach will make them tmiss a lot of buying opportunities they could have seen if they were consistent in accumulating Bitcoin, and the best form for them to be consistent in accumulating Bitcoin and take good advantage of any dip that will happen is to use the DCA method in accumulating Bitcoin with the money they can afford to lose. Since the DCA method allows investors to consistently buy Bitcoin on a weekly or monthly basis, the DCA method is the best form of buying dips.

[ruykeri]

Yes, impatience and addiction to trading can easily make an investor a no-coiner.

Bitcoin is a matter of investment. In this, an investor starts investing in a short-term manner and after knowing and understanding the whole thing, invests in the long term. To invest in the long term, we have to be patient. We have to be consistent in our investment. We cannot be afraid of investing by seeing a small sharp decline in the market.

We cannot stop investing before reaching that goal by setting a specific time.

The idea that investing in Bitcoin starts with a short-term mindset and then moves to a long-term mindset is actually wrong. When a person buys Bitcoin with a short-term trading mentality, he will sell Bitcoin after a few months or weeks if he makes a profit as per his expectations. Here he does not have any discretionary income, strong cash flow, or backup funds in his plan for long-term investment. Rather, it is seen that short-term traders buy Bitcoin on a short-term loan basis, borrow from someone and trade in Bitcoin, in some cases, sell some of their valuable assets and trade with the intention of getting rich quickly . Even if they realize in the future that their investment will continue for a long time, but in most cases, that is not possible.

Think of a real life example. A person starts trading by selling his car or borrowing from a friend/relative. Later, he realizes that he will lose by trading in the short term, so he decides that he wants to start investing for the long term from there. But he has no discretionary income and cannot build a backup fund, so he cannot change his investment to the long term whenever he wants. He is forced to sell Bitcoin immediately.

[Hardyrobust]

Waiting for the dip before buying bitcoin is never the perfect strategy for a true investor whose initial strategy focused on the long term goal of investment. Waiting for the dip is going to gradually turn you into a trader who’s in for a quick profit and will always panic to sell if the market is not going their way or if they notice a little increase in price. It’s advisable for newbies to use the DCA method of buying bitcoin regular either on weekly or monthly basis with just their discretionary income to enable them buy at any market price and hold for long term goal where they can gradually build up their portfolio to a decently large amount of bitcoin before they can think of relaxing a bit with their accumulation and buying the dips.

All the strategies has its pros and cons. Buying the dip isn't a good strategy for beginners that are still starting to invest in bitcoin. The DCA strategy would be more good for them to start with as this will eliminate the stress and pressure of always timing the market and missing out opportunities as a result of waiting for a dip. However, I won't say buying dip isn't good for someone who has been buying bitcoin or who has bought a huge amount of bitcoin either through lump sum buying, they can decide to use buying the dip

[ASloveapg]

these people Mister Jay that sold every Bitcoin because of little price pump thought that they could outsmart bitcoin, but where are they today, what the hell happened to them?

Am sure that plenty of them were not able to buy back, they are currently a no coiner because of their impatience and love for trading. Short tem pump are not the real deal so people should stop easily getting away swayed to chasing all theri bitcoins because of it.

Yes, impatience and addiction to trading can easily make an investor a no-coiner.

Bitcoin is a matter of investment. In this, an investor starts investing in a short-term manner and after knowing and understanding the whole thing, invests in the long term. To invest in the long term, we have to be patient. We have to be consistent in our investment. We cannot be afraid of investing by seeing a small sharp decline in the market.

We cannot stop investing before reaching that goal by setting a specific time.

The temporary decline and volatility of the market is a natural phenomenon that has always been going on, it never stops for a moment, it keeps moving and there is no certainty about which direction it will go, and this is how Bitcoin moves and goes up over time. In this case, we have to make decisions related to it, adapt ourselves to the nature of Bitcoin, if we can hold ourselves stable with this nature then we should invest, so in this case we have to be careful first, make sure you are ready, if you can prepare yourself for a long time then start your investment journey.

[Omj1014]

Basically, investing is taking risks, there is a saying that no pain no gain, the DCA method is good and safe but sometimes you have to go for the short term because high risk brings high reward, this is best for high income earners, so Incase things goes south there's something to run back to.

[Tonimez]

Basically, investing is taking risks, there is a saying that no pain no gain, the DCA method is good and safe but sometimes you have to go for the short term because high risk brings high reward, this is best for high income earners, so Incase things goes south there's something to run back to.

This is not true. Are you saying that a long term investment is a higher risk than trading? No, this is not the idea you should have about bitcoin. It is true that there's no total assurance in the long-term holding of bitcoin but when we advocate for long term holding, many bitcoin enthusiasts have tested the ways: long-term and short-term, and come to understand that it is riskier in the short term. Bitcoin is not a get-rich-soon scheme and bitcoin is not supposed to be your major source of income. Going for trading (gambling) is exposing your self to blame because you stand high chances of loosing all your assets unlike in the long-term holding.

As a beginner, you first have to understand what you want in bitcoin. You are advised to invest only with your Discretionary income and also don't get too aggressive with your investment (don't invest beyond your financial capacity) so that you won't panic in every market behaviour. Bitcoin is a volatile asset but overtime, people who invested and HODL for long had more chances of making more profit from bitcoin. Bitcoin has an unfixed 4-year cycle system (not restricted in any form) during this period it undergoes various behaviours and also get influenced by market sentiments too. However, so far bitcoin has set new ATH at the end of every cycle which is a proof that holding over a long period of time is generally better and doesn't expose you to panic that comes with bitcoin gambling during the downtime.

I would advise you not to venture into bitcoin the wrong way in order not to hate bitcoin for the rest of time when you loose your asset. When a beginner joins bitcoin as a gambler, he may get so discouraged that he would start thinking that bitcoin is a scam. So in order to avoid such notion about bitcoin, you should start the right way by investing with your Discretionary income (best by DCA) and then planning on a long-term HODL period.