Buy Buy Buy or Sell Sell Sell?

[MissNonFall9]

You should never invest in Bitcoin for a short period of time, as the chances of making a profit are very low. But whenever you are involved in Bitcoin investment for a long period of time, the chances of making a profit will definitely be higher. Because the price of Bitcoin has definitely increased in the past, so long-term investment proves that it definitely increases the power of making a profit. And long-term Bitcoin investment provides more investment opportunities, due to which a low-income person can increase his portfolio by repeatedly purchasing Bitcoin according to the DCA method.

Just because Bitcoin has provided good returns in the past over the long term does not mean it will do so in the future because Bitcoin is a volatile currency, but we expect that investing in Bitcoin over the long term will make us profitable. However, consistently investing in Bitcoin using a dollar cost averaging system will help us average out our purchase price and reduce risk relatively. Consistently investing in Bitcoin will help us buy more Bitcoin at a lower price when the price of Bitcoin falls and will help us grow our portfolio when the price of Bitcoin rises.

[barisbilgili]

One good thing about the DCA patterns of buying bitcoin is that it allows an investor to buy bitcoin at any market price, so you won’t say that the DCA have a particular best time to buy, the only best time to buy bitcoin With the DCA is when an investor have a discretionary income to use for bitcoin accumulation. Anyone who’s ongoingly buying bitcoin with the DCA will have the experience of buying bitcoin regularly at any market price as he don’t have to wait for any time of the market before buying bitcoin. Once the investor is able to figure out a discretionary income is the best time to just buy bitcoin with the DCA method and hold for long term.

That's true as you said, but in my opinion, there is another beneficial aspect of accumulating Bitcoin using the DCA strategy, which is being able to stabilize finances without being disrupted by the investments we make. After that, there are many other positive sides, such as being able to maintain this investment for the long term without any reason to liquidate it due to urgent needs. So, from my previous investing experience, we really need to stabilize our finances in life so that investments can proceed according to plan.

[Emjay24]

let’s be realistic here, buying the dip is one of strategies of accumulating bitcoin,

Yes... But a wrong strategy to employ when you're new to bitcoin since you don't have any bitcoin, you should be more focused in building out a descent portfolio for yourself with consistency and commitment and not just timing the market to buy a dip.

and there are different type of persons into Bitcoin accumulation, there are those that their nature of job keeps them very occupied that most of the time they forget to buy on a regular basis,

This is where commitment and good management of cashflow comes in comes in, if they're committed to their accumulation journey, they would make their regular buy a priority and allocate funds to both their regular buys and building out backup funds as soon as they've received their income and removed their expenses. Let's be frank here, no one is too busy for what he/she prioritizes.

those set of persons, as their incomes arrive, they might decide to lump sum,

Without first removing money for their expenses?
How are they even sure they have such large discretionary income to lump sum?
I would consider such actions inappropriate. The first thing an investor does when the income arrives is to remove his expenses budget from the income, then he can invest and build backup funds from the remnants which would be his discretionary income.

[Showlove01]

One good thing about the DCA patterns of buying bitcoin is that it allows an investor to buy bitcoin at any market price, so you won’t say that the DCA have a particular best time to buy, the only best time to buy bitcoin With the DCA is when an investor have a discretionary income to use for bitcoin accumulation. Anyone who’s ongoingly buying bitcoin with the DCA will have the experience of buying bitcoin regularly at any market price as he don’t have to wait for any time of the market before buying bitcoin. Once the investor is able to figure out a discretionary income is the best time to just buy bitcoin with the DCA method and hold for long term.

That's true as you said, but in my opinion, there is another beneficial aspect of accumulating Bitcoin using the DCA strategy, which is being able to stabilize finances without being disrupted by the investments we make. After that, there are many other positive sides, such as being able to maintain this investment for the long term without any reason to liquidate it due to urgent needs. So, from my previous investing experience, we really need to stabilize our finances in life so that investments can proceed according to plan.

What is the difference between stabilizing one's finance and being able to sort out a discrestionary income? You seems to be confuse here because if someone can be able to sort out their discretionary income from their salary or wages it means they have settled everything that needs to be settle already. Is not possible for someone to sort out a discrestionary income without stabilizing their finance. Holding for a long term is a mindset not about stabilize finance because people still panic and sell even when they are stable.

[Obulis]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

That's not an advice any longer, it's deception and contradiction and mene is not sounding like a trader, mene is a trader, it's that simple . It's a fact that majority of traders are in loses and trading is a discouragement to people (newbies) who hears about Bitcoin without proper clarification between trading and long-term holding.

[Merit.s]

I never knew of dividing capital into 10 parts to buy the dips at $70k, $69k, and so on.
‎My question is if the market suddenly bounces back before all 10 orders are filled, do you just market buy the rest, or do you wait for the next cycle?

You don't need to wait for no reason but to continue buying overtime. Why will one wait for another four years because he wants to buy bitcoin at his same budgeted price when bitcoin might not dip to that price in the next circle.

‎I’ve been reading a lot about extreme fear in the market lately with Bitcoin moving around $66k.
‎Is it better to just start a small DCA now, or is it wiser to wait until the bearish streak some analysts are talking about settles down? I don't want to be a gambler, but I also don't want to miss the boat.

If you don't want to be a gambler or a low coiner in future, it's better that you start investing with DCA and start small till you have build your confidence based on your experience in the market through regular buys. You might be waiting and bitcoin wouldn't reach your dip price, that will make you wait till infinity as a no coiner. It's better to be a low coiner than a no coiner.

[ChocolateBitcoinK]

One good thing about the DCA patterns of buying bitcoin is that it allows an investor to buy bitcoin at any market price, so you won’t say that the DCA have a particular best time to buy, the only best time to buy bitcoin With the DCA is when an investor have a discretionary income to use for bitcoin accumulation. Anyone who’s ongoingly buying bitcoin with the DCA will have the experience of buying bitcoin regularly at any market price as he don’t have to wait for any time of the market before buying bitcoin. Once the investor is able to figure out a discretionary income is the best time to just buy bitcoin with the DCA method and hold for long term.

That's true as you said, but in my opinion, there is another beneficial aspect of accumulating Bitcoin using the DCA strategy, which is being able to stabilize finances without being disrupted by the investments we make. After that, there are many other positive sides, such as being able to maintain this investment for the long term without any reason to liquidate it due to urgent needs. So, from my previous investing experience, we really need to stabilize our finances in life so that investments can proceed according to plan.

We must take care of these things so that the money we invest does not put any pressure on our daily expenses or urgent needs later. Because by destroying the balance of the daily financial situation, we will not be able to survive in any investment, but rather it can lead us to greater failure. That is why it is important to first ensure financial stability at the beginning of the investment, in fact, long-term survival in investment is not very easy, it is as easy as it seems, in reality when we go to do it, we will have to face various problems, and all of these will have to be controlled with our management, and for this control, we first need to have that ability, power and mentality.

[Kelward]

One good thing about the DCA patterns of buying bitcoin is that it allows an investor to buy bitcoin at any market price, so you won’t say that the DCA have a particular best time to buy, the only best time to buy bitcoin With the DCA is when an investor have a discretionary income to use for bitcoin accumulation. Anyone who’s ongoingly buying bitcoin with the DCA will have the experience of buying bitcoin regularly at any market price as he don’t have to wait for any time of the market before buying bitcoin. Once the investor is able to figure out a discretionary income is the best time to just buy bitcoin with the DCA method and hold for long term.

The best time to buy anything is when the price drops so you will be in profit when it increases in price but Bitcoin DCA long term investment doesn't quite follow this pattern. When you're specifically on DCA strategy to accumulate Bitcoin for many years it is better not to wait for dip before you buy because it can cause distractions for the smooth running of the long term accumulation plan. Since we expect that Bitcoin will increase more than any price we buy presently even if we're buying at ATH we should concentrate on continues accumulation rather than waiting for a perfect entry point into the market before buying.