Buy Buy Buy or Sell Sell Sell?

[Joy- maker]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

having too set of funds to buy the DIP and to settle real issues when they arise is also a good idea, for those rich investors who have steady flow of income coming in, but for investors who are still new to bitcoin investment, who don't have steady flow of income but are earning weekly or monthly from their works shouldn't buy that Idea of have two separate funds one for buying the DIP the other one for real issues.

The best way is to accumulate bitcoin with your discretionary income using the DCA method with consistency of buying bitcoin weekly or monthly, and stay commitmented to your accumulating strategy for you we still accumulate a good portion of bitcoin without buying the DIP.

Buying the DIP should not be a problem to a newbie who is just starting his or her bitcoin accumulating journey, buy with DCA and leave the DIP, when you have accumulated good portion of bitcoin you can buy the DIP if you want to.

[JayJuanGee]

[edited out]

I won't even advise spend and replace as they may end up not replacing it.

Sure, there are some folks who do not have enough discipline to follow what they have authorized themselves to do, yet that likely has more to do with their inability to know where they are at in regards to whether they are still accumulating bitcoin or not.

Yes, it can be quite tempting for guys in their first 4-8 years of building their bitcoin investment to get tempted by profits, and to lose track of their still being in accumulation stages.

so yeah, many folks will cash out of their investments too soon since they end up having so much value in their investments, and they are relatively poor, so they get so tempted to dip into something that might be several times in profits, yet they also might not realize that they are suffering very decently good odds of prematurely depleting their holdings and losing out on future compounding of the value.  They may even imagine that they can buy back later (maybe even cheaper), and so yeah, they end up consuming their cashed out amount, and they end up not replacing it.. In the end, they end up with a fraction of the bitcoin that they could have had, if they had exercised more discipline.

The replacement portion of spend and replace should be done within a few days and maybe a week or two at most. Otherwise there may be attempts at trading rather than spending and replacing.

When I was in my bitcoin accumulation phase that I mostly got through it within a year in 2014, yet I continued to accumulate bitcoin for at least a few years through early 2017, and during those times, whenever I did spend and replace, I would usually buy back 20% or more bitcoin than I had sold.   So for example, if I spent $100 worth of bitcoin (and I even had some gifts that I would make in bitcoin in my early days of bitcoin), then I might buy back a minimum of $120 worth of bitcoin or maybe even I might buy back $200 worth of bitcoin, just to be sure that I was ongoingly growing rather than depleting my BTC stash. 

Let's say that we were in 2015 and the BTC price was around $250, and so maybe I bought some product for $50, and then I gave away 5 gifts of $50 each.  So that amounted to me selling and/or giving away around $100 worth of value that would be 0.4 BTC.  Even though minimally, I might want to make sure that I buy back the 0.4 BTC, I might decide to buy back 0.6 BTC which would end up costing me around $150.  Sure, there could be times in which I was able to buy back the BTC that I had spent for cheaper, yet since I was in accumulation mode, I tended to not concern myself with price and I would tend to worry about trying to play trading kinds of games, so within a few days of my spend, I would generally have had already bought back the BTC and plus a bit more when the time was convenient to carry out the buying back. 

There can be times in which we want to spend bitcoin in order to support the bitcoin infrastructure or maybe we want to set up lightning network wallets or engage in other kinds of bitcoin transactions that end up costing transaction fees, and I don't see anything wrong with spending bitcoin and replacing that bitcoin and maintaining our focus on making sure that we are either maintaining or growing our BTC holdings, especially during periods that we consider ourselves to be in our BTC accumulation phase - which could take 1-2 cycles to really build up our bitcoin holdings (our BTC stack size).

Actually you have just spoken my mind on this selling all his Bitcoin at once, no matter how much money you have accumulated in Bitcoin or outside Bitcoin, and think of selling all Bitcoin is the best way, my brother it is not best way, on my own i see all my investment in Bitcoin as an asset, because Bitcoin is my lifetime investment and selling it in a hurry or anytime soon will never come my mind, i will always hodl the dips in long term, so it is very good to always plan ahead of you future, because once you sell up your Bitcoin temptation of the things you will use the money will come immediately as if it was planned and that will make you to start all over again from the cretch and which it will take along time to accumulate, but selling some parts of the investment when you think is due to sell, you can sell some at of it than selling all, and that is why they thread on buy the dip and hodl was created for it to be refreshing our minds on how we should go about our Bitcoin for those that is still coming up.

Snip.

Snip

The main purpose of an emergency fund is to carry Bitcoin investments for the long term and hold more as the price rises or downtrend.

I don't understand what you mean when you said emergency fund is to carry Bitcoin investment for a long run, surely emergency fund serve the purpose of emergency as the name implies.  This means that if any emergency occure, the emergency fund will be used to sort out this issues to avoid selling Bitcoin too quickly before the speculated time frame or horizon.

Some investors use emergency funds to buy more during a bear market,

I can't argue that, but it's not a good practice. That most people are doing the wrong thing does not make it right. There could be times when a Bitcoin investor may be slacking in his discretion fund and instead of selling their Bitcoin HODLing, they will use the emergency fund and replace it later. But it is not a good practice because if a person surely continue, he may see noo need to continue with emergency fund since it looks like it is non functional and may decide to stop setting aside emergency fund.

Surely it is better to dip into your emergency fund to resolve finances than to dip into your bitcoin, yet if a person finds himself dipping into his emergency funds in non-emergency situations, then he is likely doing something wrong in his cashflow management by either miscalculating his discretionary income (as you mentioned) or otherwise not holding enough reserve and/or float funds in order to be able to resolve any of his monthly expenses in between his receipt of income. 

Each of us should be able to get better at our various cashflow management practices, yet it still might take us a long time to get our emergency fund up to a minimum of 3 months and then to figure out what other levels of back up funds that we might need to keep, and if we have inconsistent and erratic income and/or inconsistent and erratic expenses, then we are likely going to need to be in the practice of holding more reserve funds, since emergency funds should not be used for foreseeable circumstances and foreseeable irregularities.  If we already know that our income/expenses are erratic, then if it happens that we don't have enough income to cover our expenses, then we would have already known that situation could have had been coming, and that money should not have to come from emergency funds to resolve the situation... yet if we ran out of all funds, and all we have left to spend is our emergency funds and our bitcoin investment, then surely it is better to spend from our emergency funds prior to spending from our bitcoin investments.. and at the same time, working to replace our spent emergency funds as soon as practicable.

I don't think that Bitcoin is running away anytime soon, so why do something that may put your holdings in serious form of risk, because anything can happen in that time that you have not replaced the emergency funds that you used to invest, I prefer staying on the safer side and wait till I have the leverage to buy aggressively than to hurry and put my holdings in a very dangerous position.

I doubt that it matters whether we believe that the BTC price might be running away soon or not.  We still should not be in the practice of using our emergency funds to buy bitcoin, since buying bitcoin is not an emergency.  Sure, if we have other funds that are set aside for buying bitcoin or buying during dips, then no problem, we can use that money to buy more bitcoin.  Otherwise, if we are largely in our early stages of accumulating bitcoin, perhaps even in our first cycle of buying bitcoin, we should not be allowing the bitcoin price or our perception of the BTC price to be jeopardizing our cashflow management practices and/or dipping into our emergency funds.

[philipma1957]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

buying the dip will Never be a real issue.

and my dip fund will never run dry.

my emergency fund should also not run out.


now course all of the above could get really bad and I could be all wrong but for now things are working.

[Agbamoni]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

[GIF-JOBS]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

I agree with you, if your income is continuous, then buying DIP can never be a problem, rather it creates more profit opportunities. So if there is an opportunity to buy, and there is a good source of income, then you should definitely buy DIP. If an investor understands Bitcoin correctly, then he would never miss the opportunity to buy DIP, they would use these moments to their advantage, and for them DIP will not seem like a crisis moment, but rather a golden opportunity. That is why I think an investor should understand Bitcoin, and should buy DIP (if financially capable) along with DCA.

[JayJuanGee]

I have two sets of funds.
One for buying dip

One for real issues whatever those issues are.
Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

buying the dip will Never be a real issue.

and my dip fund will never run dry.
my emergency fund should also not run out.

now course all of the above could get really bad and I could be all wrong but for now things are working.

Part of your historical problem (that you seem to be repeating) is that you have been holding too much in cash.

So then on the other side of the bet, if the BTC price goes up, will you run out of BTC.  Most likely you will, which is part of the problem of disproportionately holding value in the dollar rather than in bitcoin.

Sure, your situation may well be somewhat unique (and perhaps even appropriate to yourself) since you are in your late 60s as compared with someone who for sure know that they have a longer timeline.

One of the more important questions for many guys would be that they need to be building their BTC stack and preparing for up, and sure there is no problem to have some money to be available for buying extra BTC on dips, yet the main method that bitcoin newbies (or anyone in their earlier stages of BTC accumulation, such as less than a whole cycle) should be mostly buying bitcoin regularly, consistently, persistently, ongoingly and perhaps even aggressively.  Buying on dips that may or may not happen is not a good strategy for those who consider themselves to be low coiners and/or still largely in their stages of accumulating bitcoin.  In other words, you cannot assure any capacity to accumulate bitcoin by selling BTC and hoping to buy back cheaper, but instead by ongoing buying bitcoin and not selling it.

Sure at some point, some guys might reach a point in their bitcoin accumulation journey in which they have enough BTC or more than enough BTC, yet I doubt that the selling of any BTC should be for the purpose of wanting to buy back cheaper, but instead merely selling from the more than enough portion of their bitcoin stash... so if a person were to have a goal to have an $80k per year income, then I would consider that right now his threshold level of bitcoin would be 17.83 (which would be withdrawing the $80k per year based on the 200-WMA valuation and a 10% per year withdrawal rate based on the dollar value at the 200-WMA rate).  

However, if the guy actually were to have 21 BTC or more, then he would have 3.17 BTC surplus, and surely he would be in a good position to be cashing out from his surplus BTC, whether he did it on a monthly basis to reach a $6,666  per month income or if he were to do it on some other periodic basis. I personally believe that if he has the minimal threshold level of BTC, then the value of his BTC would be growing faster than the rate that he is cashing out.

I have two sets of funds.

One for buying dip
One for real issues whatever those issues are.

Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

I agree with you, if your income is continuous, then buying DIP can never be a problem, rather it creates more profit opportunities. So if there is an opportunity to buy, and there is a good source of income, then you should definitely buy DIP. If an investor understands Bitcoin correctly, then he would never miss the opportunity to buy DIP, they would use these moments to their advantage, and for them DIP will not seem like a crisis moment, but rather a golden opportunity. That is why I think an investor should understand Bitcoin, and should buy DIP (if financially capable) along with DCA.

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

[Tmoonz]

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

In light of what you are saying sir jayjuanGee if only we consider that DCAing completely has a lot to do with purchasing Bitcoin at any price points which includes catching the dip points there wouldn't be much priority to be given to holding back money for buying the dip purposes but however, even if such preparation should be made allocating a lower percentage of money can be more better of and preferable than doing it excessively, one of the major problem with those prioritizing buy the dip is that they end up not being satisfied with the dip presented to them and hoping for more dip which may or may not end up happening and thereby miss various opportunities they could have utilize and buy Bitcoin.

[Derekfunds]

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

In light of what you are saying sir jayjuanGee if only we consider that DCAing completely has a lot to do with purchasing Bitcoin at any price points which includes catching the dip points there wouldn't be much priority to be given to holding back money for buying the dip purposes but however, even if such preparation should be made allocating a lower percentage of money can be more better of and preferable than doing it excessively, one of the major problem with those prioritizing buy the dip is that they end up not being satisfied with the dip presented to them and hoping for more dip which may or may not end up happening and thereby miss various opportunities they could have utilize and buy Bitcoin.

Any investor who wants to wait or that is waiting for Bitcoin to Dip to his level of satisfaction is not doing the right thing if at all they are worthy to be called a serious investor. The fact that we don't know how much the market will Dip should trigger us to seize the opportunity whenever there is Dip that is if we are capable or prepare for it, everybody may not have money to seize the opportunity but that shouldn't make one to stressed themselves because they want to increase there portfolio, market dip don't use to end so we should relax when we don't have money to invest aggressively when there is Dip but rather we should take it as a challenge and prepare next time before the Dip comes again. the worst mistake someone will make is seeing Dip passing you by simply because you are not prepared and then refuses or forgets to prepare for next Dip.

[JayJuanGee]

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

In light of what you are saying sir jayjuanGee if only we consider that DCAing completely has a lot to do with purchasing Bitcoin at any price points which includes catching the dip points there wouldn't be much priority to be given to holding back money for buying the dip purposes but however, even if such preparation should be made allocating a lower percentage of money can be more better of and preferable than doing it excessively, one of the major problem with those prioritizing buy the dip is that they end up not being satisfied with the dip presented to them and hoping for more dip which may or may not end up happening and thereby miss various opportunities they could have utilize and buy Bitcoin.

The answers and the balancing in regards to any of these questions does not contain absolutes, and in the end each of us has to figure out our balance in regards to how we might apportion the discretionary income that we have and any other resources that we have.   

Surely very beginning guys who hardly have any income are going to have fewer options, yet still some of these guys still choose to save up for dips rather than buying regularly, so it hardly makes any sense to me that poor people frequently think that they need to try to get more bang for their buck rather than buying $10 worth of bitcoin every week, they end up saving their $10 per week for long periods of time, and so then they lose a certain amount of momentum because they are trying to be too smart for their own good when they should be attempting to force themselves to buy every week, especially if they clearly have figured out that they have the  $10 per week of discretionary income that they are able to put into bitcoin.  Reinforcing their priority of bitcoin every week is also going to help their thinking and their focus and perhaps even help them to think on a weekly basis about if there might be ways that they might be able to increase their income and/or decrease their expenses.

Some guys might consider that since they have $100 per week, then they have more value that they are able to divide up, so then they might consider holding some of the money back for buying dips, and I am not even proclaiming to know the answers for someone else, since each person is in a position to figure out his own various balances, he has to figure out the extent to which he feels better to have some money that is set aside for buying dips, and the extent to which he might get financial and/or psychological benefits from having that money on the side that might build up and he might even create dip amounts that he feels would justify having that money to buy dips, while at the same time, appreciating and recognize that there are trade offs in regards to his chosen way to allocate his money.

There surely are some guys who hold high proportions of their weekly discretionary income for the buying of dips, and some of them are convinced that holding high proportions for buying dips is a preferable method to deal with their bitcoin buying and to hone in on their level of aggressiveness.   There is some psychological component in regards to guys figuring out their level of whimpiness or their level of aggressiveness when it comes to bitcoin, and hopefully, each of us is able to find some comfort level that makes us feel comfortable in regards to balancing our wants to ongoingly buy bitcoin, yet our dealing with how we feel when the BTC price dips.  We should be trying to set up our system and put our system into practice in such a way that we are somewhat emotionally neutral.  We are prepared for the BTC price to go up or to go down and either way we have a plan about what we are going to do.  Our DCA amount should feel sufficient that we are prepared for UP, and whatever value we hold back for buying on dips is not going to be too much that we are going to end up upset if the BTC price ends up going up rather than down.

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

In light of what you are saying sir jayjuanGee if only we consider that DCAing completely has a lot to do with purchasing Bitcoin at any price points which includes catching the dip points there wouldn't be much priority to be given to holding back money for buying the dip purposes but however, even if such preparation should be made allocating a lower percentage of money can be more better of and preferable than doing it excessively, one of the major problem with those prioritizing buy the dip is that they end up not being satisfied with the dip presented to them and hoping for more dip which may or may not end up happening and thereby miss various opportunities they could have utilize and buy Bitcoin.

Any investor who wants to wait or that is waiting for Bitcoin to Dip to his level of satisfaction is not doing the right thing if at all they are worthy to be called a serious investor. The fact that we don't know how much the market will Dip should trigger us to seize the opportunity whenever there is Dip that is if we are capable or prepare for it, everybody may not have money to seize the opportunity but that shouldn't make one to stressed themselves because they want to increase there portfolio, market dip don't use to end so we should relax when we don't have money to invest aggressively when there is Dip but rather we should take it as a challenge and prepare next time before the Dip comes again. the worst mistake someone will make is seeing Dip passing you by simply because you are not prepared and then refuses or forgets to prepare for next Dip.

I doubt that there is any need to prepare for dips, merely because they happen from time to time and can be somewhat deep.

If a person is buying bitcoin every week, then within those buys there may be periods in which the BTC price dips. 

A person can decide in advance whether he wants to hold some extra value aside for buying dips, and if for some reason the person feels bad if he runs out of money for buying the dip, then maybe for his own psychological benefit, he might need to make additional preparations for buying the dip, yet the mere fact that he feels bad that he does not have extra money for buying the dip, does not mean that he needs to change what he is doing, especially if he is already buying every week and especially if he might have already set some values aside for buying the dip, but those dip buying amounts were already spent.

Of course the more discretionary income a guy has, then the more ability he would have to hold some value aside for buying dips, yet it still is not mandatory that he holds value aside for buying dips rather than just fitting whatever dip buying into his weekly buys.  If a guy had been buying $100 worth of bitcoin for the past year then yeah, he had invested  around $5,200 into bitcoin, so each week he has an additional $100 that he can buy or he can try to strategize using that for buying on dips within each week, yet each week he will have another $100 that he can use to buy bitcoin, whether automatically or trying to buy on dips within the week.  Sure it is possible that he might be able to accumulate more bitcoin by timing the dip or even by saving some of the $100 for buying dips.. but in the end it might not make a very big difference except for maybe psychologically.

Sure the guy might receive some kind of bonus of $2,600, so then he realizes that he has right around half of a years DCA amount in front of him.  yes, he could set aside part of that amount for buying dips.  It might make him feel good since he will continue with his $100 per week of DCA, but yeah, the guy has to decide, and there no exact correct right answer.. and in the long term after 10 years or more of accumulating bitcoin, the guy is going to have some periods in which he might have had steady income and other periods that he did not.  He might have periods that he was able to buy the dip and other times that the price went up and there was no dip... so balancing between lump sum, DCA and buying the dip can have some fun components, and sure some differences can be made from time to time, yet over very long periods of time, we likely realize that our investment into bitcoin added up to 100s or even 1,000s relatively small increments of investments into it, and sure maybe we got some extra BTC from time to time, by some of our strategizing (which made us feel good), yet the more important aspect likely had to do with our figuring out our level of aggressiveness rather than figuring out the extent to which we should spend energies to figure out how to buy on dips.

Exercising aggressiveness or whimpiness in regards to buying bitcoin is a longer term chosen practice, and there likely are ways that we can exercise all of our different buying strategies, especially the more aggressive that we are trying to be while not overdoing it.  We might seek getting extra jobs and various ways to not spend money so that we can use that money to buy bitcoin.   Those ways of being aggressive are likely better strategies as compared to considering that we need to hold large amounts of money aside for buying dips, and if we are exercising an aggressive approach to our bitcoin accumulation, we are likely already going to be inclined toward buying bitcoin regularly rather than employing waiting strategies that may or may not end up working out (if there does not end up being any dip during the times that we are holding back value to buy lower).

[tiCeR]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

buying the dip will Never be a real issue.

and my dip fund will never run dry.

my emergency fund should also not run out.


now course all of the above could get really bad and I could be all wrong but for now things are working.

Well, I am sure you got the sarcasm here. I wrote that post with a smile on my face because I think we both agree that bitcoin does play an important role in today's economics for some of us, while others don't care. It was a joke that not everyone was supposed to understand. Jokes aside though, imagine bitcoin would be diving and hit like 20k, I think that would be a real issue with respect to buying the dip.

[ZeroVinsonN]

Bitcoin investment is too volatile for a person to monitor with an uncertain mindset, this could lead to the person selling their bitcoin at a time when the market value is low out of the fear of losing out and this can/will ultimately lead to them losing out when the price skyrockets.

When the price skyrockets isn't a time to take profits if your accumulation target and/or holding period has not been reached, remember Bitcoin is an investment for a long-term and targeting the bull run as a benchmark for success or harvesting is trading and not necessarily investment. I think they would lose out instead to get Bitcoin at a cheaper price. Even if the price skyrockets, there's still a chance to accumulate at the point they decide to get actionable, but the good prices are lost and they would get lesser quantities for same amounts compared to bigger quantities they would've got at the same price of they've started now to take action and embark on their accumulation journey.

Funny enough they may become redundant to take action when it's obvious to them that they failed in their gambling with Bitcoin price and may entirely miss out investing into Bitcoin. Waiting is detrimental, but being actionable in your Bitcoin involvement is the key to success in Bitcoin.

Exactly the reason why I said to increase the amount of funds invested into bitcoin on a weekly or monthly basis, a newbie deciding to make a bulk purchase of bitcoin is not something I would ever advice, they can though, IF they want to and IF there have the finance to back up that plan.
I also did not say to cash out on their investment when prices skyrocket, I said if they sold out on their investments during a DIP instead of HODL, they ultimately end up losing coz the price they sold at will be lower than their purchase price and when the price skyrockets, their loss is even more pronounced.
So they should buy at a steady rate (of the funds they invest and not the amount of bitcoin) over a period of time regardless of the increase in the market value, increasing the amount of funds they pour in over this period of time.

[Mr Reporter]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

Just as you have said buying at the dip with some viable strategy it is not advisable to make if you have a well planned discretionary income you can take advantage  of the market downturn without compromising your stability, and also your points about income continuity is not advisable as long as your income remains steady one can continue to buy at the dip season  however if one's income is determined due joblessness, business turn down it advisable for them to reassess your income priorities and quickly make your adjustments income strategy accordingly.

[Derekfunds]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

Just as you have said buying at the dip with some viable strategy it is not advisable to make if you have a well planned discretionary income you can take advantage  of the market downturn without compromising your stability, and also your points about income continuity is not advisable as long as your income remains steady one can continue to buy at the dip season  however if one's income is determined due joblessness, business turn down it advisable for them to reassess your income priorities and quickly make your adjustments income strategy accordingly.

What do you mean by viable strategy, if it is seizing the opportunity of dip and buying aggressively then saying it is not advisable is wrong. Buying Bitcoin aggressively when there is Dip is not a bad idea or bad approach provided you have the capacity to..., but it will be very wrong for someone to invest aggressively when there is dip out of covetousness on what his or her friend have in there wallet, always try to do things according to your capability so that it doesn't bounce back on you because it will be pointless after investing aggressively and then you sell off everything you have invested because you get stranded. There's difference between investing in Bitcoin and investing in Bitcoin wisely.

[Gost ms]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

having too set of funds to buy the DIP and to settle real issues when they arise is also a good idea, for those rich investors who have steady flow of income coming in, but for investors who are still new to bitcoin investment, who don't have steady flow of income but are earning weekly or monthly from their works shouldn't buy that Idea of have two separate funds one for buying the DIP the other one for real issues.

The best way is to accumulate bitcoin with your discretionary income using the DCA method with consistency of buying bitcoin weekly or monthly, and stay commitmented to your accumulating strategy for you we still accumulate a good portion of bitcoin without buying the DIP.

Buying the DIP should not be a problem to a newbie who is just starting his or her bitcoin accumulating journey, buy with DCA and leave the DIP, when you have accumulated good portion of bitcoin you can buy the DIP if you want to.

For a new investor, depositing Bitcoin using DCA method is the most convenient and very easy process. Using DCA method, you can buy at all levels.

It is very difficult for a middle-class person to buy DIP. They get money monthly or weekly and it is very difficult to survive for 1 month with the amount of money they get. In the middle of this, some investors save some money and buy every month or week and for them, buying using DCA method is the most convenient. And focus on keeping it for a long term like 3 to 4 circles.

[POPOLUV]

I have two sets of funds.
One for buying dip

One for real issues whatever those issues are.
Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

buying the dip will Never be a real issue.

and my dip fund will never run dry.
my emergency fund should also not run out.

now course all of the above could get really bad and I could be all wrong but for now things are working.

Part of your historical problem (that you seem to be repeating) is that you have been holding too much in cash.

So then on the other side of the bet, if the BTC price goes up, will you run out of BTC.  Most likely you will, which is part of the problem of disproportionately holding value in the dollar rather than in bitcoin.

Sure, your situation may well be somewhat unique (and perhaps even appropriate to yourself) since you are in your late 60s as compared with someone who for sure know that they have a longer timeline.

One of the more important questions for many guys would be that they need to be building their BTC stack and preparing for up, and sure there is no problem to have some money to be available for buying extra BTC on dips, yet the main method that bitcoin newbies (or anyone in their earlier stages of BTC accumulation, such as less than a whole cycle) should be mostly buying bitcoin regularly, consistently, persistently, ongoingly and perhaps even aggressively.  Buying on dips that may or may not happen is not a good strategy for those who consider themselves to be low coiners and/or still largely in their stages of accumulating bitcoin.  In other words, you cannot assure any capacity to accumulate bitcoin by selling BTC and hoping to buy back cheaper, but instead by ongoing buying bitcoin and not selling it.

Sure at some point, some guys might reach a point in their bitcoin accumulation journey in which they have enough BTC or more than enough BTC, yet I doubt that the selling of any BTC should be for the purpose of wanting to buy back cheaper, but instead merely selling from the more than enough portion of their bitcoin stash... so if a person were to have a goal to have an $80k per year income, then I would consider that right now his threshold level of bitcoin would be 17.83 (which would be withdrawing the $80k per year based on the 200-WMA valuation and a 10% per year withdrawal rate based on the dollar value at the 200-WMA rate).  

However, if the guy actually were to have 21 BTC or more, then he would have 3.17 BTC surplus, and surely he would be in a good position to be cashing out from his surplus BTC, whether he did it on a monthly basis to reach a $6,666  per month income or if he were to do it on some other periodic basis. I personally believe that if he has the minimal threshold level of BTC, then the value of his BTC would be growing faster than the rate that he is cashing out.

I have two sets of funds.

One for buying dip
One for real issues whatever those issues are.

Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

I agree with you, if your income is continuous, then buying DIP can never be a problem, rather it creates more profit opportunities. So if there is an opportunity to buy, and there is a good source of income, then you should definitely buy DIP. If an investor understands Bitcoin correctly, then he would never miss the opportunity to buy DIP, they would use these moments to their advantage, and for them DIP will not seem like a crisis moment, but rather a golden opportunity. That is why I think an investor should understand Bitcoin, and should buy DIP (if financially capable) along with DCA.

There are still trade-offs if you are holding back some money for buying the dip purposes.

I am not trying to suggest that you do not employ tactics to buy the dip, yet I do object to each of you (GIF-JOBS/Agbamoni) trying to suggest that there are no trade-offs if you are choosing to hold back some money for buying the dip rather than using that money right away to buy BTC...and perhaps to keep in mind that dips may or may not end up happening.

Yes boss there still trade-off in holding back some money to buy the dip, because there is always a need to prepare for dips, because it due happen at any given time.

If an investors buy bitcoin every months at least and within the period he purchase, it many happen that period of buying Bitcoin, the price can be dips. So buying the dip can't never be an issue, once you adopt the mothed of dollar cost averaging, where you can make use of buy buy buy buy buy buy and also have your emergency fund buy side and never make it look so dry in given time, because that is the only way you can hold dip for a long cycle.
 

[Mr Reporter]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

Just as you have said buying at the dip with some viable strategy it is not advisable to make if you have a well planned discretionary income you can take advantage  of the market downturn without compromising your stability, and also your points about income continuity is not advisable as long as your income remains steady one can continue to buy at the dip season  however if one's income is determined due joblessness, business turn down it advisable for them to reassess your income priorities and quickly make your adjustments income strategy accordingly.

What do you mean by viable strategy, if it is seizing the opportunity of dip and buying aggressively then saying it is not advisable is wrong. Buying Bitcoin aggressively when there is Dip is not a bad idea or bad approach provided you have the capacity to..., but it will be very wrong for someone to invest aggressively when there is dip out of covetousness on what his or her friend have in there wallet, always try to do things according to your capability so that it doesn't bounce back on you because it will be pointless after investing aggressively and then you sell off everything you have invested because you get stranded. There's difference between investing in Bitcoin and investing in Bitcoin wisely.

Well buying bitcoin  aggressively during the dip is know as viable strategy but only been done responsibly it essential to invest according to your financial capabilities and risk management rather allowing emotion to control you like the FOMO.

[EarnOnVictor]

I agree with you here. $90 and $10 man such investor will be seen to be an unserious investor or a greedy one. Only an investor who is not ready to invest properly into Bitcoin will invest only $10 out of the $90 discretionary income. Unless he has other places he is investing into it. Maybe he is diversifying his portfolio so he only choose to invest 9% of his discretionary income in Bitcoin but that is not an ideal way to invest.

For newbies that just started its either they should focus on Bitcoin on the early stage rather than diversifying into several asset with the same frequency they are using to DCA in Bitcoin. After they must have had a good amount of Bitcoin in their portfolio they can choose to diversify. Diversification should come only when they are properly settled with the first Bitcoin investment goal if not they will only end up having little amount of Bitcoin in their portfolio. Meanwhile on the contrary they are jeopardizing their investment gradually thinking they are investing the right way.

I disagree with you, if someone is earning $90 a week or a month and then the person decide to use $10 to be accumulating it is not wrong reason because you don't know what the person is taking care of and before he decided to use $10 it is possible that it is the only money he or she can spare or let go as a matter of fact the $10 is even more than 10% of $90 so it is not wrong rather Bitcoin investment most times is based on capacity how much you can handle your investment so that you don't run into problem.

I join you in disagreeing with him, you see, some people think based on their personality and responsibilities without carefully learning why the person who decided to use $10 out of $90 decided that. That money is also big and sustaining in some countries, the exchange rate has to be considered too.

Besides, what can the person who keeps $80 to himself but invests $10 in Bitcoin possibly lose or suffer just for the shortfall of the $10? I call this a commitment to investment and dedication to Bitcoin. The good part is that it will help fight unnecessary spending on wants and frivolities, and most importantly help the person secure a better finance in the future.

Before you join Derekfunds in disagreeing with what Pi$$ said about the investor using $10 to accumulate bitcoin with the DCA strategy, you should have read from where the discussion started so as to have a clear understanding and the reason that led Pi$$ to make such a moment. The discussion started where Proty said that an investor who has $90 as discretionary income should invest $10 into bitcoin with the DCA strategy either on a weekly or monthly basis and keep $80 in his reserve fund so that anytime a dip happens, the investor will gradually be buying the dip with the $80.

I stand by my words and I don't care about what the two of them said earlier but about the contxet and the explanation I replied to. You can read it again, it's detailed enough for me to reply to that, it's your choice if you escalate it to many previous discussions. However, even if it were to be escalated as you said it, I still back the guy because everybody has their plan, so let them breath, it mustn't be our way all the time. If someone earned $90 as income this month and planned to use all in Bitcoin investment which will be spread over some period on DCA, why not? Do you know his savings and financial standing before the decision or what he planned to fall back at? Let's stop believing we can plan people's life and investment for them.

[Spaceman1000$]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

Just as you have said buying at the dip with some viable strategy it is not advisable to make if you have a well planned discretionary income you can take advantage  of the market downturn without compromising your stability, and also your points about income continuity is not advisable as long as your income remains steady one can continue to buy at the dip season  however if one's income is determined due joblessness, business turn down it advisable for them to reassess your income priorities and quickly make your adjustments income strategy accordingly.

Two truth can coexist, what you said it's not totally different from what @Agbamoni was trying to say, hence there is an imbalance from your discretionary income, you will have to readjust your dip buying, because priorities will change, as you cannot continue your dip buying on that same level of frequency and That's the beauty of DCA because it allows you navigate easily even when their are some financial down turn.

[Princess Leah]

For a new investor, depositing Bitcoin using DCA method is the most convenient and very easy process. Using DCA method, you can buy at all levels.

It is very difficult for a middle-class person to buy DIP. They get money monthly or weekly and it is very difficult to survive for 1 month with the amount of money they get. In the middle of this, some investors save some money and buy every month or week and for them, buying using DCA method is the most convenient. And focus on keeping it for a long term like 3 to 4 circles.

Every investor buys Bitcoin according to their income and how much they're willing to spare into investing on Bitcoin be it  daily, weekly or monthly. In the first place, investing on Bitcoin is a choice as well as how much one is willing to put into it on different intervals you don't expect someone to invest the majority of their income just cause the next man is using same amount for investment, that's why one have to invest according to what they're willing to spare, an amount that won't affect their daily expenditure.

 For some that doesn't have money to do the lumpsum, it is most important to start with the DCA, it's for a class of investors and you'll definitely reach your target so far you have a steady cash flow to keep going for years, maybe the person can restrategise along the line when the get more money but for a start, every newbie whether rich or poor should start with the DCA strategy.

[Zanab247]

I have two sets of funds.

One for buying dip

One for real issues whatever those issues are.


Today I purchased dip.

What if buying the dip turns into a real issue? Which account are you using then or justify to make use of?

Buying the dip will never be an issue if you program your discrentionary income very well.
I can spare money for parties, and recreational activities in other to buy the dip.
Except your income stops coming perhaps you quit your job, get sacked or stop having client in your business. Only then can buying on dip be limited.

Just as you have said buying at the dip with some viable strategy it is not advisable to make if you have a well planned discretionary income you can take advantage  of the market downturn without compromising your stability, and also your points about income continuity is not advisable as long as your income remains steady one can continue to buy at the dip season  however if one's income is determined due joblessness, business turn down it advisable for them to reassess your income priorities and quickly make your adjustments income strategy accordingly.

There are so many things that is making some people not to buy BTC anytime, when some people have financial issues and it will be difficult for them to be stability in buying BTC on the time because they have other bills they need to settle to make sure there is peace at home. Some feel the dip will allow them to buy plenty of BTC and hodl because they know that the price has drop for those who don't have enough money to use the period to buy as much they want.

The bear run people are waiting to see before they will be move massively is no longer far from the market, you can still wait before the end of this month before you buy because there are some good information analyst that the price of BTC will still drop to enter $$70k soon.