Buy Buy Buy or Sell Sell Sell?

[wxa7115]

Diversification is often a misunderstood strategy, while in theory it can generate greater long term profits,

Generally speaking, diversification is not considered to be a strategy to "generate profits," but instead as a means to preserve value.

If you are considering and/or trying to use diversification as a means to generate profits, then you seem to be engaging in some kind of gambling (like a shitcoiner hoping that one of his shitcoin's hit it BIG).  That's surely not either an investor mindset or an investor way of choosing his asset allocations.

edited

The reason for that first sentence is that in my many years of reading investing books and articles online, I have found, and probably you have done so as well, atempts to describe diversification as a strategy that could potentially outearn other strategies using a principle similar to indexing, arguments that seem weak to me, that is why I state that is the theory behind such claims and then I describe diversification for its real purpose.

However this begs the question, if an investor wants to diversify their portfolio what is the best way to do it? And this reminds me of this quote by Thoreau: “Read the best books first, or you may not have a chance to read them at all.” As I believe it applies to investing as well, if we were to suppose you were interested in holding 10 different kind of assets, which one should you prioritize? The one that you consider to be the best, there is no point on trying to accumulate those 10 assets equally when you do not have enough of the best asset on your list, so whether you consider bitcoin the top asset on your list of assets to hold or it is the next best asset still to be accumulated by you in enough quantities, more bitcoin needs to be accumulated relentlessly until your goals are achieved, and only then you can move on to accumulate other assets in an attempt to diversify your portfolio even further, as if things are not done this way, you may not have a chance to get enough of the best asset on your list if you delay things up.

I believe that you have the right conclusion in regards to starting out with attempting to invest in the best assets first - yet you get to your conclusion (and your recommendation) in a bit of an awkward way.

Welcome to my world.

edited

I suppose that part of my beef with the way that you are framing the idea of diversification wxa7115 comes from the fact that you seem to be suggesting that there may well be some representative samples of newbie investors who are coming into the consideration of investing into bitcoin in terms of thinking about several assets at a time (something like 10 assets), and surely your example of 10 assets seems almost ridiculous as a consideration,

I admit it was not really the most realistic example, however I think there are circumstances in which an unrealistic scenario can exemplify better the problem at hand, so while a newbie is very unlikely to consider that many markets and do so with full knowledge about what they are doing, the problem of what asset class to pick is more obvious the more asset classes are in consideration.

unless you were presuming some kind of normalcy that shitcoins might be on the table of potentially reasonable assets to diversify into... and surely I can appreciate that any representative newbie investor might potentially be torn in regards to investing into 3-5 assets rather than merely being in cash, but I doubt that it is even close to realistic that any newbie investor would putting themselves into a scenario of considering 10 potential assets from the start unless such newbie was inclined towards gambling with shitcoins (and labelling his gambling ideas as if that was a kind of investing). ..

Ultimately, even though I feel that I am disagreeing with some of your presenting of these ideas of diversification, it still seems that we are coming to some similar conclusions, even though I am getting some senses that part of the reason that you are framing the diversification dilemma in regards to 10 assets and some of your other ways of describing diversification, I get the sense that you are allowing ideas of shitcoins to get into your ways of thinking about bitcoin alternatives, and one of the main reasons that you gravitate onto bitcoin is that in the end, you end up concluding that bitcoin is better than the rest of the shitcoins, but there still seems to be some kind of pulling of the shitcoins into your ways of thinking about and presenting asset choices that might be available to presumptively newbie investors.. .. or maybe you consider your audience to go beyond newbies.. even though surely there are various kinds of newbies, yet it seems to me that we can still attempt to present our discussion points in regards to the more likely newbies who might end up either starting out with ONLY having cash or maybe they had been dabbling in some relatively straight forward investments, such as owning some stocks, some property and/or even having some assets in a business.. yet these variations of a newbie investor could still be considered as someone who might not have a lot of investments and/or savings and maybe even the more wealthy of newbie investors might still ONLY have less than a full year's of assets that are liquid in the various investment categories that they might be starting with when they start to contemplate whether and/or how to get into bitcoin.

This was my mistake, after rereading my post I can see how taking into account that this is a bitcoin forum, the word asset may seem to imply that shitcoins are acceptable investment options, which they are not, so I should have actually used the terms markets, asset classes or non-correlated assets to describe other potential options for investment, which would have made clearer my intentions to anyone reading my post, so yeah, this is my bad.

[mich]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

[Barikui1]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

It's true that this current price of Bitcoin is actually a golden opportunity to acquire more Bitcoin at a cheaper rate, but I would only advice someone to do so,  only if they have the financial leverage to do so, if not, I prefer not putting too much pressure on myself, by keeps on doing what I have been doing, which is accumulating through the DCA accumulating strategy and buy regardless of the current price since am a long term holder.

and lastly, I also believe that at some point in my accumulating journey, I might even buy at a price deeper than this current dip, so in my own opinion, I think that it's needless putting too much pressure on yourself, just to acquire Bitcoin at this current price which is at 51k this morning, but it's still very healthy though to seize the opportunity only if you have the financial power to do so.

[Hewlet]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

It's true that this current price of Bitcoin is actually a golden opportunity to acquire more Bitcoin at a cheaper rate, but I would only advice someone to do so,  only if they have the financial leverage to do so, if not, I prefer not putting too much pressure on myself, by keeps on doing what I have been doing, which is accumulating through the DCA accumulating strategy and buy regardless of the current price since am a long term holder.

from @mikes plans of sorting out all the needed expenses before leveraging on this dip, I don't feel he's got a problem buying a bit more above his usual amount that's if he's doing the DCA but if he's been reluctant all these while about buying using the DCA method, this can be a perfect opportunity to come back into the market.
 
A few things that certain market correction like what we've seen now does to peope is that;
1. It gives people that might have missed out in previous DIPs the opportunity to accumulate more at this time
2. Bring some folks that have become reluctant about making thier buys back to the market which also goes on to push price upwards
3. And then pushes some short sighted ones that are too soaked up into trading thier coin out of the market.

PS: a lot traders were crying and wailing this morning because the market was all red. I just had to be grateful that I am not in for the short term.

and lastly, I also believe that at some point in my accumulating journey, I might even buy at a price deeper than this current dip, so in my own opinion, I think that it's needless putting too much pressure on yourself, just to acquire Bitcoin at this current price which is at 51k this morning, but it's still very healthy though to seize the opportunity only if you have the financial power to do so.

you're not doing your DCA just because you expect that in the future the market will go down below what we've seen now. The thing is that after this set of correction that's around these prices, once we experience anything above $100k, we might not get down to these range of prices. If you have the means of buying in bulk at this price, it's certainly a good strategy but what's not good is to get too bothered about your inability to cease the moment to increase the quantity of your Bitcoin accumilation.

[Sim_card]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.

People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.

[adultcrypto]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

Anyone not thinking in the direction of adding more sats to his/her portfolio is definitely not paying attention. It is indeed the best opportunity the market has offered us this year to buy more bitcoin at a very low prices. I never expected we will see $50k again, well we must have some flexibility following the understanding that anything is possible in the market.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

When I was a short term investor, a drop in price, even shallow ones used to bother me so much and at such time I usually panic. But now I have changed pattern, it is completely different. Instead of being worried by the correction, I now see it as opportunity to buy more bitcoin and that is exactly what I am doing. As an ardent user of the DCA method, I'm continuing the buying process although I am seriously tempted to buy more than my DCA budget at this point because the price is looking so nice.


 

[SuperBitMan]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.

People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.

Yeah you are right, there's no need bothering yourself about the dip if you have no funds kept for buying in the dip, if you pressure yourself to make sure you buy during the dip it may affect your budget for that week or month and may even lead to you dipping hands into your Bitcoin so if you didn't prepare for the dip don't bother yourself in the dip.
Those that prepared for it with already saved funds should go already to purchase, for me I see the dip as an opportunity to accumulate enough Bitcoin.

Those using the DCA strategy should continue the way they have been doing, if anyone wants to increase his or her percentage used in purchasing Bitcoin weekly or monthly during the dip, it should be increased to a level in which it will not affect other aspect of one's daily activities.

[red4slash]

No one can say when in bitcoin and investing there is risk-free because after all investing in bitcoin is clearly risky and we cannot rule out that fact even though maybe the risk is smaller than trading but still the risk is there and we as much as possible should still know about it.
Everything we go through and do has its own risks, as well as being in bitcoin because after all with the fluctuating nature of bitcoin it is clear that we must be able to keep ourselves from worrying too much about the movement of bitcoin as long as we invest in it.

There are many examples when someone starts plunging in bitcoin but is not aware of the risks they face which in the end they lose and feel cheated by bitcoin even though it is their own fault for not knowing more about bitcoin, how bitcoin works like what and the risk of being in bitcoin is like what makes them panic unreasonably due to lack of further understanding of bitcoin.
Whereas if they enjoy the process that is passed and remain confident that the choice in bitcoin is the best then they will definitely remain comfortable because they know all forms of risk will pay off with results where we can achieve the financial freedom that we always want.

Volatility is not the same as risk, and sure everyting is risky including bitcoin.  One of the ways to deal with bitcoin's risk is deciding position size, and including investing as much money as you are willing to lose in the event that bitcoin were to go to zero.. so accounting for how great you consider the odds of bitcoin going to zero versus that it could go up in value in various ways might help to establish how much you are willing to invest, whether it is 5%-25% of your income (or the rest of your investment portfolio) or some other amount of your own choosing. 

And yes, merely because bitcoin is risky also does not mean that it will pay off in the end or that you are going to profit merely because it is risky.

Surely there are a lot of folks who seem to be mislead or ill-informed about what bitcoin is, and so personally I would suggest that there is a lot of advantage of investing in bitcoin based on ideas of asymmetric information, so a lot of people are misinformed about bitcoin, and so they may well not invest into bitcoin until later, so that misinformation and disinformation likely contributes to bitcoin being undervalued..... while at the same time, there are odds that any of us also could be wrong about bitcoin, so we need to choose our bitcoin position size in accordance to some level of balance, and if we are new to bitcoin investing, we can choose to DCA into bitcoin with a level of our disposable income that is comfortable to us (I like the idea of weekly investing, especially for newbies, or anyone still in their first bitcoin cycle who might consider themselves to be in their accumulation phase) while we are figuring out our own willingness to be more aggressive in our accumulation of bitcoin or not.

Systematically, volatility does not equal risk but when we are in another perspective as investors, we must realize that bitcoin has its own characteristics and uniqueness and volatility is a form of uniqueness of bitcoin and inevitably we must accept it. Especially for beginners who are new to bitcoin sometimes their thinking is too simple where they only focus on the instant profits that will be obtained without realizing that volatility already applies when they are in bitcoin which makes them unwilling to accept the fact that we must be prepared to prepare and be ready for various situations as you said in being willing to lose if bitcoin goes to zero even though it will not be possible for now.

Awareness of what bitcoin is and how bitcoin is not obtained instantly and in a fast time when learning it because after all it takes time especially for beginners who really want to be in bitcoin but when we really believe in bitcoin and what we do is right then it is certain that we will continue to learn about bitcoin because it is the only way for them to understand that what they are doing is not wrong so inevitably they will move from their comfort zone and try to take that risk as a form of process from the investment they are currently doing.

[EclipseXcrypto]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their  accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position,  that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

[Promocodeudo]

I think the market just offered us another opportunity to buy, buy and continue to collect more Bitcoin at a very reduced price. This does not come as a surprise to me though because I expected some corrections from ending of July to August but this will begin to change as we approach September, a month that is always seen as a positive month for Bitcoin. Both those using the DCA method and buying the dips have the chance to take advantage of the drop in price. This is not the time to panic but time to take actions that is intentional.

This month may be the last chance for us to buy dips. We may not be able to buy bitcoins at this price anymore. This month of August may give us a great opportunity to buy more bitcoins at a lower price. Many holders are panicking and selling their bitcoins, I'd say they're making a huge mistake that they'll regret later. This is not a month to panic but rather a month to take advantage of opportunities. So don't panic during this low price of Bitcoin and focus on increasing your investment.

Actually this is really a period to take advantage of the market but not a last chance because as long as Bitcoin investment is concerned there's nothing like last chance to..., because we can't really tell for sure, we are just predicting and for those who are panicking is not necessary and people who panic seeing the price of Bitcoin dipping are mostly traders and those who don't know how Bitcoin works because someone (investor) who understands how Bitcoin works will take advantage of... wisely instead of panicking.

Not at all, it can never be the last chance for intending or existing investors to buy dip, the Bitcoin market is in such a way that know one can predict the market action in the next minute but i understand that it is very important that every investor utilizes every opportunity thats come as a result of dip unless such inveetor do not have the financial ability to do so, Bitcoin will always always dip when it choses to and this allows new investors to buy and old investor to add more to their existing portfolio, as for those people that panick because of dip, it is very unfortunate that they do not understand what the market is capable of doing at anything, there is know investment that does not experience dip but what makes Bitcoin investment exceptional is that the dip presents a good opportunity to investors if they embrace it and also future profit is assured if individual investors let go of panic and fear which may trigger them to take premature decisions that may be regrettable.

[Jewan420]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their  accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position,  that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

[Sim_card]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their  accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position,  that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

A new investor cannot use price dip to become a whale over night because it is impossible as a new investor or old investor to know when the dip will come. Moreover, it is the cash with you at that time of dip that will determine how much bitcoin you will acquire, and I don't think that a new investor will be able to risk too much cash to accumulate bitcoin at the dip because he is not yet familiar with the market.

DCA strategy is the best for new investors because from the way you sounded about buying aggressively during the dip, it means that you want to be keeping more of cash for the dip than using more cash for DCA. It is good that you invest aggressively with DCA method to buy bitcoin than you plan to buy bitcoin aggressively during the dip because you might lose focus and overdo it if the price continues to dip the more and before you know it, you might run out of funds and fall back to sell your bitcoin to meet up your needs.

Slow and steady wins the race which is DCA method and very effective for new investors who buys every week or month continuously for 4-10 years and above with discipline and patience as they hodli for long term. Buying at the dip is good but it can make you sell part of your bitcoin when you rush the dip buying.

[JayJuanGee]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings.

What you are proclaiming to be true, "crucial" and very important and blah blah blah.. is simply not true.

There is no need to get all worked up about dips, whether you are a beginner or otherwise.

Probably a couple of the most important things when it comes to bitcoin is both getting in the game and getting started, and secondly staying alive.

So frequently there is a need to just establish a position in bitcoin and figure out some way to continue to build that position rather than getting all worked up about whether the BTC price might be up or down or sideways or whatever.

Frequently, you will find me recommending that persons who are in BTC accumulating positions to be as aggressive as they can be without overdoing it, yet before anyone can really even start to employ some level of meaningful aggressiveness when it comes to their own BTC accumulation strategy, they have to make sure that they are considering and putting into practice strong cashflow management practices, and yeah surely there are some folks who newly come to bitcoin, and they already have strong cashflow management practices, so those kinds of folks would be in a position to jump into bitcoin in relatively aggressive ways right from the start of their bitcoin investment/accumulation journey, as compared with someone who might come to bitcoin without already relatively strong cashflow management practices.

Buying on the dip is a more advanced technique than DCA, and surely just because some technique is more advanced does not signify that it is better or even more appropriate for anyone to do... just like using leverage or margin to invest in bitcoin is a more advanced technique, but it also is something that an overwhelming majority of folks should not even attempt to do, since if you do not know what you are doing when it comes to leverage and/or margin, then you are engaging in gambling, which seems pretty dumb, especially with such a pristine asset like bitcoin, which truly there are a lot of people in the world who likely need to get into bitcoin and to get some kind of price exposure to bitcoin, for their own good... but yeah, we seem to have something like around 1% or less of the world's population who have any price exposure to bitcoin at all, whether owning directly or owning through some kind of third party custody arrangement.

It's very necessary reserving funds for market dips it can be a very nice move.

It is not necessary.

The most necessary is just getting your finances in order and starting to buy BTC regularly, and yeah, if you have the luxury of already having had bought a reasonably good amount of bitcoin and you have your cashflow management in pretty good order, then you can consider and potentially employ buying on dip techniques (and/or hold extra funds in reserve for such).

By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their  accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position,  that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

This part of what you are saying is not really wrong, except you seem to be describing such buying BTC on the dip techniques as if they were either the preferred methods or as if they were the most basic methods for accumulating bitcoin, which for me seems to come off as misleading, especially for newbies, even if your intention might not have had been to mislead newbies.  You just seem to be getting overly excited about BTC price dips, which surely it is not bad to attempt to see dips in a positive light, but from my perspective you seem to be taking the excitement for dips a bit too far and even seeming to exaggerate the supposed benefits of buying on the dip.

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their  accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position,  that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present.

Personally, I consider the term "bearish" to be misleading.

Sure we are in a correction period, yet we are still in a bull market, so to me it seems to be problematic to use terms such as "bearish" to attempt to describe or characterize either a correction or a consolidation period that is taking place within a bull market...

but, yeah, folks do it all the time.. .. they throw around bull and bear terms when they are merely talking about likely to be shorter term movements within the market.. and such sloppy use  of terms seems to suggest that they either do not know what they are talking about or they might be attempting to mislead (and/or to exaggerate rather than attempting to be more accurate and/or factual in their description attempts).

Don't get me wrong.  Since the labels of bear market and/or bull market tend to be lagging indicators, frequently we could enter into new market dynamics, yet not realize that we had already entered into new market dynamics until much later down the road.. so surely there are plenty of us (including yours truly) who keep presuming that we are in the earlier assessed market status (in this case a bull market), but then end up being wrong and realizing (at some later point) that the overall market had actually transitioned from bull to bear (rather than merely going through a correction within it).

At this time we can do our best to be aggressive in investing.

Perhaps.

Our aggressiveness is not necessarily based on BTC price moves, but instead based on the solidness of our cash flow management practices.  We need to make sure that we have solid cashflow management practices prior to our becoming more aggressive based on BTC price moves.

We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor.

I doubt that we transition into "whale investors" merely because we might have had some extra cash reserves to buy more aggressively on the dip.

Surely years down the road, we might be able to see that we were able to stack more bitcoin in earlier years due to the level of our aggressiveness, and maybe we ended up stacking 20% more BTC than what we might have had done otherwise due to our level of aggressiveness, yet I doubt that being marginally aggressive versus being greatly aggressive is going to make very much differences in the whole scheme of things if we might be looking back at ourselves after 10 years or more investing into bitcoin.

Sure, there are likely differences between whimpy and aggressive investment styles, yet you (Jewan420) don't really seems to be attempting to make that kind of a differentiation, and if you are attempting to make a differentiation between whimpy and aggressive investors, from my perspective, you are not really doing it very well, since you seem to be exaggerating the benefits of buying on the dip in ways that might be interpreted as devolving into gambling practices rather than really be attempts at sound, sustainable and potentially reasonably aggressive bitcoin accumulation strategies.

Because this time gives you the opportunity to be aggressive in investing,

I still have some troubles understanding how any of us (including but not limited to newbie bitcoin investors) are going to be particularly advantaged by meaningfully transitioning into a higher level of aggressive bitcoin accumulation during dips.  Sure we might already have some systems in place to buy bitcoin on the dip, yet if we have already figured out the level of aggressiveness that we had been planning to employ, then I cannot really recognize and/or appreciate why any of us should employ some kind of a practice of "upping" our level of aggressiveness merely because some decently large BTC price dips had ended up coming into existence (whether such dips had ended up being a bit of a surprise or not, if we had already had systems set up then we may well execute those systems if our numbers are hit, yet it seems problematic to be considering possible ways to change whatever systems that we might have already had set up.. except maybe sometimes, there could be some minor tweaks that might be employed without taking away the idea of having some spontaneity in regards to experiencing some BTC price moves that might not have had been expected).  

if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

From my perspective, you seem to becoming way too overly-excited and worked up about the significance, meaning and/or the potential benefits of BTC price dips.

1) there is no real "proper" way to treat situations like this.. and either guys had plans in place to deal with BTC price moves that went beyond there expectations in the dippity direction or they didn't.

2) Either guys had a reserve fund that had abilities to buy on the dip or they did not, and if they did have a plan that involved a reserve fund, then they should have ended up spending some, if not all, of the money in their reserve fund for this particular dip.  It is not easy to overly generalize whether a reserve fund should exist, how much a reserve fund might have, how far it might go down for the buying of dips and/or what the increments of buying on dip orders might be set.  I am not opposed to the idea of someone who had not had a reserve fund for buying the dip to become motivated to establish such a reserve fund for buying the dip, yet as I stated
in my above response to EclipseXcrypto, the establishment and maintaining of a reserve fund is not necessarily as basic and/or required as either you or he seem to be proclaiming such reserve funds to be, especially for newbies who may well be in a much better position to be focusing on both strengthening their various kinds of back up funds and employing regular DCA buys (perhaps weekly) rather than getting all worked up about whether or not some kind of a meaningful (and arguably exciting and/or world changing) BTC price dip had taken place.  You and EclipseXcrypto seem to be just getting way the fuck too worked up about the supposed significance and/or supposed benefits of buying BTC on the dip.

[sotelorene]

I think the market just offered us another opportunity to buy, buy and continue to collect more Bitcoin at a very reduced price. This does not come as a surprise to me though because I expected some corrections from ending of July to August but this will begin to change as we approach September, a month that is always seen as a positive month for Bitcoin. Both those using the DCA method and buying the dips have the chance to take advantage of the drop in price. This is not the time to panic but time to take actions that is intentional.

This month may be the last chance for us to buy dips. We may not be able to buy bitcoins at this price anymore. This month of August may give us a great opportunity to buy more bitcoins at a lower price. Many holders are panicking and selling their bitcoins, I'd say they're making a huge mistake that they'll regret later. This is not a month to panic but rather a month to take advantage of opportunities. So don't panic during this low price of Bitcoin and focus on increasing your investment.

Actually this is really a period to take advantage of the market but not a last chance because as long as Bitcoin investment is concerned there's nothing like last chance to..., because we can't really tell for sure, we are just predicting and for those who are panicking is not necessary and people who panic seeing the price of Bitcoin dipping are mostly traders and those who don't know how Bitcoin works because someone (investor) who understands how Bitcoin works will take advantage of... wisely instead of panicking.

Not at all, it can never be the last chance for intending or existing investors to buy dip, the Bitcoin market is in such a way that know one can predict the market action in the next minute but i understand that it is very important that every investor utilizes every opportunity thats come as a result of dip unless such inveetor do not have the financial ability to do so, Bitcoin will always always dip when it choses to and this allows new investors to buy and old investor to add more to their existing portfolio, as for those people that panick because of dip, it is very unfortunate that they do not understand what the market is capable of doing at anything, there is know investment that does not experience dip but what makes Bitcoin investment exceptional is that the dip presents a good opportunity to investors if they embrace it and also future profit is assured if individual investors let go of panic and fear which may trigger them to take premature decisions that may be regrettable.

Exactly, most people will be sounding like after now there won't be any dip or any great opportunity to invest in Bitcoin again because of the current price of Bitcoin but the truth is and just as you have said we can't predict what will happen next in the market because if we do we would've rush into trade or maybe even borrow money to invest because we know what will be the outcome but very unfortunate that we can't tell for sure and who knows, the price of Bitcoin can still go below this current price or maybe skyrocket.

However, just like I have said in my previous post the falling of Bitcoin doesn't mean we should double what we always use to invest. My advise is, those who don't have a strong source of income can increase their nvestment amount a little or better still leave it because as long you are alive and Bitcoin is still in existence this opportunity we still come again and again and again..., But if you have a good source of income you can double your investment but it should be with wisdom so that you don't get to panic or regret.

[Fara Chan]

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

[Tmoonz]

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.

[laijsica]

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.

I agree with you. Your goal should not be to take profits from Bitcoin which may distract your investment from being more fruitful. Your goal should be to keep buying bitcoins regularly to grow and make it a normal investment. Short-sighted decisions are those who keep buying for trading. Your goal should be to have a decent bitcoin portfolio that grows over time, not just profit.
You may be a bit disappointed with the current price of Bitcoin but you should remember that if its price goes down further you should still be optimistic because it has recovered again and again and trended even higher than before. Yes, those who previously had the opportunity to receive Bitcoin may be burning with withdrawal regrets that will never heal. So you should continue to grow Bitcoin with proper valuation while you have time.

[SuperBitMan]

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.

Well I think people who engage in short term Bitcoin investment are those who were coached by investors who are Bitcoin traders, I have a friend that was educated about Bitcoin by a Bitcoin trader so when he joined Bitcoin investment he started by short term investment and he lost some money at some point because of fear and panic but now his into Long time investment.
The good about a long time Bitcoin investment is the peace of mind that comes with it, I know a lot of Bitcoin traders and short time investors that always panic about everything in Bitcoin and I see the fear in there faces, a lot of people are now realizing that holding for a long time is better of than short time.

One other reason why people go into short time Bitcoin investment is lack of patience without patience one can't hold for a long time and that is why is advised to tell everyone that Bitcoin is different from other online investment in Bitcoin one needs patience.
And this lack of patience has lead a lot of people investing in new coins that later sucked all there finance and caused them depression.

I think if we could reset our mindset and see Bitcoin investment as a long time investment it will do us a lot of good or a life time investment it will help us hold for long without complaining.

[Futurexxx]

I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.

Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days. So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.

And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.

Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.

One other reason why people go into short time Bitcoin investment is lack of patience without patience one can't hold for a long time and that is why is advised to tell everyone that Bitcoin is different from other online investment in Bitcoin one needs patience.
And this lack of patience has lead a lot of people investing in new coins that later sucked all there finance and caused them depression.

Yes, I mostly agree with you when you Said that Bitcoin investment needs  patience, but know one thing, their is nothing like short term investor or short time investment as you call it, those sets of people that want to take profit at every slit increase in the price of Bitcoin are mostly traders, not investors, because they are only present because of the short term gains, that's why they mostly sell at a loss anytime their is a serious dip in the price of Bitcoin, because they are afraid that the price wouldn't rally back immediately as they wish,  though they knows that the price of Bitcoin will recover, but they can't wait for that  long, that's why they mostly sell at a loss, because they are all traders disguise as an investor.

And another thing I also want you to know is that, in Bitcoin investment, patience alone is not enough, because you might have the right patience required, but if you don't have a source of income and an emergency fund to finance your day to day activities and during emergency situations, you will be forced to sell your holdings, even when you never wish of selling, so having a source of income and an emergency fund are very much important just as patience, because without them, you surely cannot hold for long.

[Ndabagi01]

Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.

We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.

The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.

People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.

You are right and that has now made it paramount to know by all investors that the dip will not always come when you expect it, you don’t have to be waiting for it because it may or may never come your way or when you’re ready for it. Those that always take advantage of the dip are those that have enough money reserved for it before it even comes. The DCA method is a good way to accumulate a lot of bitcoin in your savings but if you’re able to also buy the dip when it is at its peak, you’ll gather enough that someone that does DCA wouldn’t have.

The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them, it is also encouraged to not buy all at once and do DCA in order to accumulate and get the average buy of bitcoin at a very much lower price. The times of the downtrend in the market is always the longest time and if you’ve been taking advantage of it through the DCA method, you would have had enough now and a much lower average price for a buy of bitcoin and the dip won’t scare you off.