Buy Buy Buy or Sell Sell Sell?

[Loyang]

Given that the two can actually complement one another, we might say that using DCA does not prevent anyone from purchasing the dip. I occasionally attempt to DCA on a regular basis as well, but I still buy more to profit from a sharp market decline. It's similar to cleverly combining the two tactics, particularly if you have enough extra cash on hand. I believe those men were attempting to convey the same idea, but perhaps their explanation was not sufficiently clear for everyone to understand.

First of all, DCA and DIP are two different investment methods. DCA is to buy regularly with the same amount of money every week or month. DIP is to buy aggressively when the market is falling. I think it is best to always buy through the DCA method. Because if a person waits to buy DIP, then it will never be the right decision. Because no one can tell when the market will fall. So a person should always buy and buy using the DCA method.

As you said, I do not like this method very much if you buy DIP along with DCA. Because you have money, buy. If you wait to buy DIP today, if the market does not fall and if it never goes to this price, then you have missed this opportunity to buy. So a person will be best off if he always buys using the DCA method.

[ruykeri]

First of all, DCA and DIP are two different investment methods. DCA is to buy regularly with the same amount of money every week or month. DIP is to buy aggressively when the market is falling. I think it is best to always buy through the DCA method. Because if a person waits to buy DIP, then it will never be the right decision. Because no one can tell when the market will fall. So a person should always buy and buy using the DCA method.

As you said, I do not like this method very much if you buy DIP along with DCA. Because you have money, buy. If you wait to buy DIP today, if the market does not fall and if it never goes to this price, then you have missed this opportunity to buy. So a person will be best off if he always buys using the DCA method.

If you can buy Bitcoin at a dip, that is very good, but the problem is that if you wait for the dip, as you said, you may actually lose the opportunity. Another thing is that no one can say exactly which is the real dip. Because it has been seen that many times the price decreases for a while, it remains stable for a while, and then the price decreases even more. That is why it is basically said to follow DCA. But I want to say another thing that someone does DCA with 50% of his discretionary income, if he suddenly sees that the price of Bitcoin has decreased a little, then he will DCA with 80% to 90% of his discretionary income in a somewhat aggressive way. As a result, he was able to buy a little more Bitcoin at a lower price than expected by investing systematically in the DCA method.

[BITCOIN4X]

~Snip

I think it is best to always buy through the DCA method. Because if a person waits to buy DIP, then it will never be the right decision. Because no one can tell when the market will fall. So a person should always buy and buy using the DCA method.

I think the two strategies being explained are correlated in that the ultimate goal is accumulation to build a portfolio. You can buy DCA at any DIP, even if you have to wait some time. I don't agree when you say that everyone doesn't know when a correction will occur so that the DIP never comes. This is where analysis is important, both fundamentally and technically.

As you said, I do not like this method very much if you buy DIP along with DCA. Because you have money, buy. If you wait to buy DIP today, if the market does not fall and if it never goes to this price, then you have missed this opportunity to buy. So a person will be best off if he always buys using the DCA method.

Prices can rise or fall. I'm not entirely blaming your investment approach, but DCA should also align with one's investment plan. If you're looking for high returns, then you need a lump sum, while if you're trying to create stability amidst volatility, then DCA is for you.

[Agbam]

The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase while an investor will focus on the long term benefits and not the short term and this will result them in to consideration every time or condition of the market as an opportunity to increase the quantity of their Bitcoin as they buy all the time be it when the price is high or low and this is the best approach because, Bitcoin is for long term investment and not good for short term ( trading) buy when in high or low with dollar cost averaging.

For a trader, it's always the best time to accumulate BTC or any other coin or token as the case may be. It's always wise to 'buy the dip' then sell when the price is high, after all the main goal of buying and selling is to make profit. Even an investor who wants to HODL for a long time always aim at buying when the price is low.

Waiting only for the dip before buying is one bad way to accumulate Bitcoin, since you may likely miss a whole lot of buying opportunity, but the most terrible and stupid idea is getting involved or gambling with shit coin thinking that you are investing, No that's not an investment to me because it's pure gambling, since the possibility of you losing your money is way more higher than the possibility of making money out of it.
So I can only advice you to stop wasting your time and effort f**** around with shit coin with the false hope of making something out of it.

Your advice is spot on about dealing with shitcoins, they’re terrible for investments I’ve personally had an experience as I didn’t know any better. I thought buying cheap coins was gonna give me high returns in the future but most have totally disappeared and reduced to nothing.
I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher. I’ve come to understand that bitcoin is for the long term so when you buy the dip you have to hold for a long term that way you have more profits.

[Derekfunds]

The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase while an investor will focus on the long term benefits and not the short term and this will result them in to consideration every time or condition of the market as an opportunity to increase the quantity of their Bitcoin as they buy all the time be it when the price is high or low and this is the best approach because, Bitcoin is for long term investment and not good for short term ( trading) buy when in high or low with dollar cost averaging.

For a trader, it's always the best time to accumulate BTC or any other coin or token as the case may be. It's always wise to 'buy the dip' then sell when the price is high, after all the main goal of buying and selling is to make profit. Even an investor who wants to HODL for a long time always aim at buying when the price is low.

Waiting only for the dip before buying is one bad way to accumulate Bitcoin, since you may likely miss a whole lot of buying opportunity, but the most terrible and stupid idea is getting involved or gambling with shit coin thinking that you are investing, No that's not an investment to me because it's pure gambling, since the possibility of you losing your money is way more higher than the possibility of making money out of it.
So I can only advice you to stop wasting your time and effort f**** around with shit coin with the false hope of making something out of it.

Your advice is spot on about dealing with shitcoins, they’re terrible for investments I’ve personally had an experience as I didn’t know any better. I thought buying cheap coins was gonna give me high returns in the future but most have totally disappeared and reduced to nothing.
I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher. I’ve come to understand that bitcoin is for the long term so when you buy the dip you have to hold for a long term that way you have more profits.

I don't intend or have the plan to buy cheaper because I'm not a trader who target the market when the price is down and then tend to sell when the price increase which is a wrong way  to go about Bitcoin. Since I understand this I don't plan on buying Bitcoin cheaper I accumulate using the DCA method which means I buy at any price of the market because I have long term mindset and no plan on selling early because that mindset will distract and make me not to utilize what Bitcoin is set to give in the future so I rather hold than to sell now. Bitcoin just got a new ATH this week and I believe this is going to be a continuous process and progress.

[gracreavix]

Bitcoin investment strategies are for everyone, it's more a matter of which one will work better for you depending on how you decide to om look at it but while all investment strategies are good the DCA method is arguably better for an everyday investor, this is because the DCA cancel out most of the anxiety that comes with investing, there is no fear of the increase and decrease of price plus it works regardless of your budget, as long as you Discretionary income is available to then you can always invest. It works based consistency, the investor just needs to know what they want.

Yes, bitcoin investment is suitable for everyone, because basically there is nothing difficult about investing in bitcoin. Maybe what is difficult is managing finances and also managing our emotions. Because not a few people fail to invest in bitcoin because of the fear that the price will drop or be attracted by trading. So that's why we as bitcoin investors must be correct in determining our initial intentions and must also be able to uphold that intention. In addition, DCA does present a very good investment strategy in bitcoin investment. But keep in mind too, doing DCA is not as easy as it is said. Because to be consistent and not affected by price fluctuations, we still have to build a strong mentality. Because I think it can be said to be a lie, if a beginner in bitcoin is not worried when he sees a price drop. Because I also felt it first. But this is where our minds and mentality work, the point is we have to stay strong holding bitcoin in the long run.

I find it easy to accumulate Bitcoin through DCA because I have started it and plan to do it for the long term. I find this strategy to be the most suitable for investment compared to other strategies because accumulating Bitcoin through discretionary income is not a complicated process. Maintaining consistency is a difficult thing and many investors may not have the patience but I think if someone can continue accumulation Bitcoin considering the future they can build a large Bitcoin holding. Most investors will not fail by investing in Bitcoin.

If any of them engage in short term trading they can exit the market with a profit but they will not get the expected profit. Most traders regret not holding for the long term. For those who expect high profits it would be better to be patient and continue accumulation for the long term. The most important aspect of accumulation Bitcoin through the DCA strategy is to continue during price increases and declines and not be affected by price increases and declines among investors.

I honestly think DCA is one of the smartest and most realistic ways to grow in Bitcoin. It takes away the stress of trying to time the market, which most people fail at anyway. I have seen how easy it is to get carried away by emotions buying too much during the hype or selling out of fear when prices drop. But those who stay patient and stick to their plan, buying little by little, always end up in a better position long term.

For anyone investing, the key is consistency. Even when the market feels unpredictable, staying focused and calm makes all the difference. Over time, those small, steady moves can quietly build into something powerful. It’s not about chasing quick profits, it’s about trusting the process and letting time do its work.

[Abbatty]

For a trader, it's always the best time to accumulate BTC or any other coin or token as the case may be. It's always wise to 'buy the dip' then sell when the price is high, after all the main goal of buying and selling is to make profit. Even an investor who wants to HODL for a long time always aim at buying when the price is low.

Trader may fancy buying the dip as they are not planning for long term holding and it could be more profitable for them but then DCA strategy has some advantages that makes it a better choice to hodlers. One of which is to help reduce the risk involved in investing and relief a person of the stress of timing the market to know when to invest. With DCA you can invest gradually at your own convenience and not be disturb about market flunctuations.

Since I understand this I don't plan on buying Bitcoin cheaper I accumulate using the DCA method which means I buy at any price of the market because I have long term mindset and no plan on selling early because that mindset will distract and make me not to utilize what Bitcoin is set to give in the future so I rather hold than to sell now. Bitcoin just got a new ATH this week and I believe this is going to be a continuous process and progress.

Bitcoin as always thrived in the long run so sticking to long term holding and adopting DCA strategy is a good one. Although someone else might fancy the other (buying the dip) and it's not a bad one either if he can time the market well and has can invest a huge amount at a time. Most people adopt DCA because of the flexibility it offers and other good benefits.

[durg0319]

Given that the two can actually complement one another, we might say that using DCA does not prevent anyone from purchasing the dip. I occasionally attempt to DCA on a regular basis as well, but I still buy more to profit from a sharp market decline. It's similar to cleverly combining the two tactics, particularly if you have enough extra cash on hand. I believe those men were attempting to convey the same idea, but perhaps their explanation was not sufficiently clear for everyone to understand.

First of all, DCA and DIP are two different investment methods. DCA is to buy regularly with the same amount of money every week or month. DIP is to buy aggressively when the market is falling. I think it is best to always buy through the DCA method. Because if a person waits to buy DIP, then it will never be the right decision. Because no one can tell when the market will fall. So a person should always buy and buy using the DCA method.

As you said, I do not like this method very much if you buy DIP along with DCA. Because you have money, buy. If you wait to buy DIP today, if the market does not fall and if it never goes to this price, then you have missed this opportunity to buy. So a person will be best off if he always buys using the DCA method.

In theory, waiting for the ideal dip may seem wise, but in practice, nobody can foresee when or how deep a dip will be. Occasionally, the dip that people anticipate never materializes, and by the time it does, prices have already increased. Because the DCA method emphasizes consistency over prediction, it eliminates that stress. Without making rash decisions, those consistent purchases gradually average out the entry price and strengthen the portfolio. Purchasing during dips is still beneficial, but only if it is a natural part of a DCA strategy and not a gamble. In this market, long term discipline will always perform better than speculating.

[ejikeme24]

Yes, bitcoin investment is suitable for everyone, because basically there is nothing difficult about investing in bitcoin. Maybe what is difficult is managing finances and also managing our emotions. Because not a few people fail to invest in bitcoin because of the fear that the price will drop or be attracted by trading.

You're right lack of financial management is the reason why alot of people keep slacking, because this is obviously not about the risk anymore as alot of people are now getting used to the market volatility. But the reason why thier Investment is moving slowly is due to the fact that they're not managing thier finance properly.

You know, having a good Cash flow does not guarantee success in your accumulation journey because there are alot of people out there who have a good Cash flow but doesn't know how to manage their finance, so having a good cash flow and knowing how to manage your finance is a strong pair that can never be separated.

[Showlove01]

Given that the two can actually complement one another, we might say that using DCA does not prevent anyone from purchasing the dip. I occasionally attempt to DCA on a regular basis as well, but I still buy more to profit from a sharp market decline. It's similar to cleverly combining the two tactics, particularly if you have enough extra cash on hand. I believe those men were attempting to convey the same idea, but perhaps their explanation was not sufficiently clear for everyone to understand.

First of all, DCA and DIP are two different investment methods. DCA is to buy regularly with the same amount of money every week or month. DIP is to buy aggressively when the market is falling. I think it is best to always buy through the DCA method. Because if a person waits to buy DIP, then it will never be the right decision. Because no one can tell when the market will fall. So a person should always buy and buy using the DCA method.

As you said, I do not like this method very much if you buy DIP along with DCA. Because you have money, buy. If you wait to buy DIP today, if the market does not fall and if it never goes to this price, then you have missed this opportunity to buy. So a person will be best off if he always buys using the DCA method.

In theory, waiting for the ideal dip may seem wise, but in practice, nobody can foresee when or how deep a dip will be. Occasionally, the dip that people anticipate never materializes, and by the time it does, prices have already increased. Because the DCA method emphasizes consistency over prediction, it eliminates that stress. Without making rash decisions, those consistent purchases gradually average out the entry price and strengthen the portfolio. Purchasing during dips is still beneficial, but only if it is a natural part of a DCA strategy and not a gamble. In this market, long term discipline will always perform better than speculating.

You are right, any investor that want to grow his or her portfolio should not rely on the dip because it can be tiring and discouraging if after waiting for a long time and you didn't see it happen and one thing some people don't understand is that, they can literally be investing and at same preparing for the Dip to come instead of staying idle without accumulating. Waiting for the price to Dip before you start, that doesn't make any sense because the movement of Bitcoin is hardly predicted even experts in speculation don't get it correctly.

[Onyeeze]

Yes, bitcoin investment is suitable for everyone, because basically there is nothing difficult about investing in bitcoin. Maybe what is difficult is managing finances and also managing our emotions. Because not a few people fail to invest in bitcoin because of the fear that the price will drop or be attracted by trading.

You're right lack of financial management is the reason why alot of people keep slacking, because this is obviously not about the risk anymore as alot of people are now getting used to the market volatility. But the reason why thier Investment is moving slowly is due to the fact that they're not managing thier finance properly.

You know, having a good Cash flow does not guarantee success in your accumulation journey because there are alot of people out there who have a good Cash flow but doesn't know how to manage their finance, so having a good cash flow and knowing how to manage your finance is a strong pair that can never be separated.

you can manage your finance properly but the thing is that the major thing that contribute for anyone who is into investment of any kind is because of greediness if we remove greatness out of our way it is obvious that will make what ever we think of having, so most of us today what is their problem is lack of understanding and the lack of making research before involving in any other thing, most of us does not believe in making research but most of us just believe in hearing from a friend of who so ever around the environment

[EG_O]

Yes, bitcoin investment is suitable for everyone, because basically there is nothing difficult about investing in bitcoin. Maybe what is difficult is managing finances and also managing our emotions. Because not a few people fail to invest in bitcoin because of the fear that the price will drop or be attracted by trading.

You're right lack of financial management is the reason why alot of people keep slacking, because this is obviously not about the risk anymore as alot of people are now getting used to the market volatility. But the reason why thier Investment is moving slowly is due to the fact that they're not managing thier finance properly.

You know, having a good Cash flow does not guarantee success in your accumulation journey because there are alot of people out there who have a good Cash flow but doesn't know how to manage their finance, so having a good cash flow and knowing how to manage your finance is a strong pair that can never be separated.

you can manage your finance properly but the thing is that the major thing that contribute for anyone who is into investment of any kind is because of greediness if we remove greatness out of our way it is obvious that will make what ever we think of having, so most of us today what is their problem is lack of understanding and the lack of making research before involving in any other thing, most of us does not believe in making research but most of us just believe in hearing from a friend of who so ever around the environment

There is this popular saying that goes like this 'Learning is a continuous process ' if one to succeed in life particularly in his area of specialization, the person should endeavor to read make research so as to be abreast with the current happenings around him. Coming to Bitcoin community, it's sacrosanct for an investor to make research always before investing, we cant also neglect greediness on the part of some investors who will act base on greediness to acquire more coins rather than being patiey

[Fara Chan]

There is this popular saying that goes like this 'Learning is a continuous process ' if one to succeed in life particularly in his area of specialization, the person should endeavor to read make research so as to be abreast with the current happenings around him. Coming to Bitcoin community, it's sacrosanct for an investor to make research always before investing, we cant also neglect greediness on the part of some investors who will act base on greediness to acquire more coins rather than being patiey

Besides reading and research, there's something far more important than those two that complements the meaning of your saying. That is having the courage to put reading and research into practice. Some people still lack the courage to act even after doing research and reading everything they need. However, when it comes to following through on what they've researched and read, sometimes the obstacle is a lack of courage, as direct implementation, which involves capital, like money, isn't immediately friendly to a beginner aspiring investor.

I also like the saying you said, but I prefer people who have the courage to carry out the meaning of the saying because everyone's courage is always different and also people's trust in any asset is also different even though most people already know about Bitcoin and also the potential for the future of Bitcoin which is getting better day by day.

[Joeboy]

The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase while an investor will focus on the long term benefits and not the short term and this will result them in to consideration every time or condition of the market as an opportunity to increase the quantity of their Bitcoin as they buy all the time be it when the price is high or low and this is the best approach because, Bitcoin is for long term investment and not good for short term ( trading) buy when in high or low with dollar cost averaging.

For a trader, it's always the best time to accumulate BTC or any other coin or token as the case may be. It's always wise to 'buy the dip' then sell when the price is high, after all the main goal of buying and selling is to make profit. Even an investor who wants to HODL for a long time always aim at buying when the price is low.

Waiting only for the dip before buying is one bad way to accumulate Bitcoin, since you may likely miss a whole lot of buying opportunity, but the most terrible and stupid idea is getting involved or gambling with shit coin thinking that you are investing, No that's not an investment to me because it's pure gambling, since the possibility of you losing your money is way more higher than the possibility of making money out of it.
So I can only advice you to stop wasting your time and effort f**** around with shit coin with the false hope of making something out of it.

I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher.

This has been said countless and countless numbers of time both in this thread in even in this forum: Bitcoin and shitcoins are not the same, so stop comparing them together, cos they are not similar in any way....... See ehn buying the dip method in Bitcoin involves taking advantage of temporary price drops of Bitcoin, which is an asset that has a very strong fundamentals, has a global adoption and then a long term real value. While shitcoin are based on pure hype and when this hype dies down, the token dumps, So tell me how are this two similar?,

[Solokan]

Given that the two can actually complement one another, we might say that using DCA does not prevent anyone from purchasing the dip. I occasionally attempt to DCA on a regular basis as well, but I still buy more to profit from a sharp market decline. It's similar to cleverly combining the two tactics, particularly if you have enough extra cash on hand. I believe those men were attempting to convey the same idea, but perhaps their explanation was not sufficiently clear for everyone to understand.

Yes, that's a good idea to combine the two, because sometimes when there is a drop in the price of BTC, we always want to buy more BTC, so of course the DCA technique still works and the lump sum technique also works. Honestly, I personally always use that technique and of course everything goes smoothly.

In my opinion, all BTC buying techniques are good, because the mistake lies with those who invest in BTC but suffer losses because they don't hold onto BTC for long. So, the point is that investing in BTC is easy, and we are free to buy in any way we want, as long as we hold onto BTC for the long term. However, the most comfortable strategy in my opinion is the DCA technique because you don't need to think about the price; you just focus on accumulating BTC. Of course, everyone has different methods and preferences, and we are free to use any technique.

[JayJuanGee]

.
If a person starts investing by acquiring only basic knowledge and then if he continues investing without acquiring any more knowledge, then he may collapse after a while. For example, due to lack of proper financial management, due to wrong decisions about investment, etc. Therefore, it is very necessary for a person to gain knowledge after investing.

What you are saying here is very true, basic knowledge alone about Bitcoin is not enough for a Bitcoin investor to have an be successful on the longer run, what all Investors are advice to do after starting is to seek for more knowledge on Bitcoin and what needs to be done to hold effectively, like having an emergency and reserve funds in place so that if for any reason an emergency situation arises in the future, you wouldn't have to fall back to your investment for survival or dip hands into your investment just to sorts out one emergency needs.
Lack of the right knowledge is mostly the brain behind most Investors failing in their investment, that's why going for more knowledge on Bitcoin is very much fundamental to the success of your investment.

It’s as simple as you just require little knowledge before starting bitcoin, I don’t think it’s will be a good idea for you to wait to get all the knowledge in the world about bitcoin before you could get started, you can as well start investing in bitcoin and then you can start gaining more knowledge along the line as you’re learning, I know so many people have different preferences when investing in bitcoin, the most important is a strategy that could best work for an individual most especially getting started is very important and crucial when investing in bitcoin for a long term purpose.

We should also understand that Bitcoin investment is very different from trading and so in Bitcoin investment you don't need to know everything before investing as that may not even be possible to gather all the necessary knowledge or know everything about Bitcoin investment before venturing into it. At a start all one need is just to know how to split your income into various section or parts and then know how to accumulate or buy your Bitcoin from your discretionary Income, using a wallet that best suit you and also ensure to keep your seed phrase safe and every other thing will be learn later as the person progresses.

When you say one doesn't need to know everything about bitcoin because there may not be enough time to gather all the necessary knowledge about bitcoin it gets me very confused because those vital informations involved in Bitcoin is what one requires to venture into Bitcoin diligently and I think neglecting them could be disastrous at the long run if an individual must make profit,

If a person is investing in the long run, he does not necessarily need to know everything in the beginning, yet he is not precluded to continue to learn while he is investing, and also that he may well have to take a more conservative investment size to the extent that he feels that he is not sufficiently informed about the investment... in this case bitcoin.

The more important area of knowledge is determining how much discretionary income he has so that he can get started as soon as possible, and surely he might just make small investments for the first several weeks while he is investigating, and surely some folks are able to learn and figure out matters quickly (since they might already have organized finances and even knowledge about investing), and other people might have difficulties in terms of their basic organizing skills or even how much time that they have available in their schedule to learn... yet in any case, it is likely better to get started rather than delaying...

The best time to accumulate Bitcoin is not when the price is low, although it is the traders that think in this direction because they want to buy low and sell on an increase while an investor will focus on the long term benefits and not the short term and this will result them in to consideration every time or condition of the market as an opportunity to increase the quantity of their Bitcoin as they buy all the time be it when the price is high or low and this is the best approach because, Bitcoin is for long term investment and not good for short term ( trading) buy when in high or low with dollar cost averaging.

For a trader, it's always the best time to accumulate BTC or any other coin or token as the case may be. It's always wise to 'buy the dip' then sell when the price is high, after all the main goal of buying and selling is to make profit. Even an investor who wants to HODL for a long time always aim at buying when the price is low.

That’s not true, Pjcr7.  You try to act like you know things, but your description is wrong.

Sure ultimately an investor wants to be in profits, yet he does not need to think about the extent to which his bitcoin are in profits or not… especially when he might be thinking 4-10 years or longer, and .. the idea of profits may well be assumed, so he is not going to give too many shits about if he buys at $106k, or $126k or $156k.. if the going price happens to be that rate while he is accumulating his bitcoin, he doe s not get overly consumed with how much he is paying for his BTC, even though surely, he still might prefer to buy BTC for less, but he cannot become overly worked up about it, especially his earliest years of building up his bitcoin stack.

Frequently, traders like to impose their ideas, as if everyone is the same, and they really are likely to be convoluting the ideas of what is a trader and what is an investor.  They likely even refer to themselves as investors even when they have an investment timeline that is les than 4 years.. .it may only be less than a year, but they still refer to themselves as investors since they might be considering that they have similar goals as investors to be continuing attempt to build their bitcoin holdings, but they think that trying to time the waves is a “smarter way of investing,” which historically has not tended to work out very well with guys who had been approaching bitcoin with such a trading way of approaching their attempts to accumulate bitcoin.

Such traders may even have decently long periods of outperforming the guys who are focusing on just ongoingly buying and holding their bitcoin without selling any.  Yet, it likely ends up being the case that the seller (trader who expects to buy back cheaper) ends up selling too much of his BTC too soon, and then largely fucks up his situation, and he would have had been way better off to just stay focused on ongoingly buying bitcoin and holding and without trying to sell and buy back cheaper.

[edited out].

The first basic knowledge you need to understand is that bitcoin is a decentralized currency, meaning no third part involved that can't be controlled by any one which makes your money safe and only you have access to it.

Secondly, learn and understand blockchain and cryptocurrencies properly so that you will not make mistake in making your choice to invest.

Thirdly chose a good and reputable exchange that can secure your funds when buying and selling your coin, and lastly set up and chose a secure wallet for storing your coins and then start investing,but remember, that in investing in bitcoin the best strategy to begin with is the dca using your discretionary income, no matter how little it is, it is better you start gradually and grow big also in knowledge than waiting for a bigger money to start with, bitcoin makes it so easier and simple to start investing with for everyone, until you know you are financially ready to upgrade to the next strategy of lump sum which you can now decide to adopt.

Do these three things you describe need to be learned before getting started in bitcoin?

[Joy- maker]

I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher.

You are very wrong, buying the dip is not similar to what you are refering it to, and no bitcoin investor want's to buy bitcoin cheaper with the mindset of selling at a higher price within a short period of time, We all are buying the dips when ever they occur to add up to our bitcoin holding, Because  dips encourage aggressive buying of bitcoin since you are buying at cheaper price. And also remember buying the dip is another good strategy for accumulating bitcoin to hold for long term 4 to 10 years or more, so you saying that buying the dip is similar to the idea behind in investing shitcoins makes me believe that you know nothing about buying the dip, because if you actually know that buying the dip is one of the accumulating strategy of bitcoin you won't be making this your statement above, so try and read along and learn to avoid saying things wrong way.

[Tonimez]

I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher.

You are very wrong, buying the dip is not similar to what you are refering it to, and no bitcoin investor want's to buy bitcoin cheaper with the mindset of selling at a higher price. We all are buying the dips when ever they occur to add up to our bitcoin holding, Because  dips encourage aggressive buying of bitcoin since you are buying at cheaper price. And also remember buying the dip is another good strategy for accumulating bitcoin to hold for long term 4 to 10 years or more, so you saying that buying the dip is similar to the idea behind in investing shitcoins makes me believe that you know nothing about buying the dip, because if you actually know that buying the dip is one of the accumulating strategy of bitcoin you won't be making this your statement above, so try and read along and learn to avoid saying things wrong way.

First of all you're very correct when you tried to point out that Buying the dip is also an investment strategy. But one thing peculiar to those that strictly invest by buying the dip is that greater percentage of those bitcoin enthusiasts that only buy at dips are into bitcoin trading/gambling. This means that most people that engage in buying dips only also hardly hold for a long time. The sell off whenever they feel it has risen to their taste to give them their desired profit while they sit back and wait for another dip. If @Agbam compares it to buying shitcoins, then technically speaking, he is not completely wrong. Shitcoiners buy in order to sell more quickly when their hope is met (price increase), so those that buy the Dip has same attitude as shitcoiners even though there are still few percentages that don't act same.

As a good bitcoiner that is very intentional about holding your bitcoin for a long-term, why would you wait for dips that may not happen before investing in bitcoin? Buying the dip is an investment strategy but it is better applied during aggressive buys or periodic lump-sum accumulation while you concentrate on a more investor-friendly strategy, the DCA strategy. Anyone that sees buying the dip as a perfect strategy might be a secret bitcoin gambler or a short term bitcoin pedler.

[Odenleva09]

Bitcoin investment strategies are for everyone, it's more a matter of which one will work better for you depending on how you decide to om look at it but while all investment strategies are good the DCA method is arguably better for an everyday investor, this is because the DCA cancel out most of the anxiety that comes with investing, there is no fear of the increase and decrease of price plus it works regardless of your budget, as long as you Discretionary income is available to then you can always invest. It works based consistency, the investor just needs to know what they want.

Yes, bitcoin investment is suitable for everyone, because basically there is nothing difficult about investing in bitcoin. Maybe what is difficult is managing finances and also managing our emotions. Because not a few people fail to invest in bitcoin because of the fear that the price will drop or be attracted by trading. So that's why we as bitcoin investors must be correct in determining our initial intentions and must also be able to uphold that intention. In addition, DCA does present a very good investment strategy in bitcoin investment. But keep in mind too, doing DCA is not as easy as it is said. Because to be consistent and not affected by price fluctuations, we still have to build a strong mentality. Because I think it can be said to be a lie, if a beginner in bitcoin is not worried when he sees a price drop. Because I also felt it first. But this is where our minds and mentality work, the point is we have to stay strong holding bitcoin in the long run.

If you are a new investor and want to know and understand Bitcoin better, you don't have to do much for yourself, you can just consider the history of Bitcoin because in history you will see many types of investors who made their mistakes and many showed full confidence in their Bitcoin, many investors invested in Bitcoin who some of them were panicking because the price of Bitcoin was always fluctuating, while many others held on to Bitcoin and moved forward with time when they saw the price of Bitcoin increasing and they kept making profits then they got greedy and sold Bitcoin because they could not imagine that the price of Bitcoin would be like this at the present time, so they are regretting it at the present time, although one of them was many who were able to complete the long term with full confidence in Bitcoin and they have made high profits at the present time, it is very important to use your DCA strategy for investing. By investing in this way, you will become experienced on the one hand and the price of Bitcoin will increase.  Knowing more about the outbreak will help you avoid panic.

[Agbam]

I think this buying the dip method is similar to the idea behind investing in shitcoins, we want to buy cheaper so we can sell when price is higher.

You are very wrong, buying the dip is not similar to what you are refering it to, and no bitcoin investor want's to buy bitcoin cheaper with the mindset of selling at a higher price. We all are buying the dips when ever they occur to add up to our bitcoin holding, Because  dips encourage aggressive buying of bitcoin since you are buying at cheaper price. And also remember buying the dip is another good strategy for accumulating bitcoin to hold for long term 4 to 10 years or more, so you saying that buying the dip is similar to the idea behind in investing shitcoins makes me believe that you know nothing about buying the dip, because if you actually know that buying the dip is one of the accumulating strategy of bitcoin you won't be making this your statement above, so try and read along and learn to avoid saying things wrong way.

First of all you're very correct when you tried to point out that Buying the dip is also an investment strategy. But one thing peculiar to those that strictly invest by buying the dip is that greater percentage of those bitcoin enthusiasts that only buy at dips are into bitcoin trading/gambling. This means that most people that engage in buying dips only also hardly hold for a long time. The sell off whenever they feel it has risen to their taste to give them their desired profit while they sit back and wait for another dip. If @Agbam compares it to buying shitcoins, then technically speaking, he is not completely wrong. Shitcoiners buy in order to sell more quickly when their hope is met (price increase), so those that buy the Dip has same attitude as shitcoiners even though there are still few percentages that don't act same.

As a good bitcoiner that is very intentional about holding your bitcoin for a long-term, why would you wait for dips that may not happen before investing in bitcoin? Buying the dip is an investment strategy but it is better applied during aggressive buys or periodic lump-sum accumulation while you concentrate on a more investor-friendly strategy, the DCA strategy. Anyone that sees buying the dip as a perfect strategy might be a secret bitcoin gambler or a short term bitcoin pedler.

Thank you @Tonimez I think you perfectly understood what I was saying; The attitude of shitcoiners and those that buy the dip are very similar in that they’re after quick profits in short terms. Yeah buying the dip is a good strategy for accumulating bitcoin but you @ Joy maker should know beyond accumulating more at the dip the aim or end product is to sell when price is high enough or you’ve reached your goal. So you can’t say no bitcoin investor wants to buy cheaper and sell when price is high cause basically that’s what we all want in the long run.