Buy Buy Buy or Sell Sell Sell?

[Joeboy]

~snip~

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

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

[Jostern]

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

In Bitcoin high risk does not guarantee you high rewards looking at the volatility of Bitcoin, what you actually needs as a beginner is to acquire the necessary skills in Bitcoin and also understand the nature of Bitcoin market which may widely influenced the strategy you will adopt to meet your target based on financial inflows either on weekly or monthly basis. Also you will need to budget your finances, keeping your emergency funds to meet up with your emergency situations so as not to disrupt your investment then you kindly make use of discretional funds to invest in Bitcoin using any of the strategies and hold as long as possible while you keep accumulating to build a portfolio .

Before investing, knowledge and insight are crucial foundations for every investment step. Without a thorough understanding of the market, risks, and strategies, we can easily fall into decisions that lead to losses. Investing anywhere carries risks, and crypto is known for its significant fluctuations. High returns depend on how long you hold the asset the longer you hold it, the greater the potential return. It's crucial to budget your monthly income in a structured manner to ensure your investments aren't disrupted by unexpected expenses. This helps maintain financial discipline and ensures consistent fund allocation.

It’s absolutely impossible to have all knowledge and insight about Bitcoin, there is no such way that a beginner will have a thorough understanding about the market before starting to invest into bitcoin, Let me agree that it’s possible would that not be a time wasting, when you can just start buying bitcoin immediately as soon as you have a discretionary income.

However whichever way you want to do approach the market, there is always going to be a notable amount of risk involved, which is why we are always advised to approach the market with buying Bitcoin consistently for the purpose of holding for a long term.

Perhaps we need something called basic understanding about Bitcoin on how to buy bitcoin, and hold them along the line while investing we can be learning more and more about Bitcoin and understanding the market.

[MusaPk]

Of course, it is best to hold Bitcoin for the long term, if you think that holding it for a short period of time will never be right. Yes, I believe that there is no shortcut to getting rich by investing in Bitcoin, the more Bitcoin you hold for the long term, the more financially active you are guaranteed to be. That is why many people follow the Bitcoin DCA method and keep Bitcoin for a long time, a low-income person can also follow the DCA method and keep Bitcoin for a long time. Bitcoin is open to investment for everyone, so this is the biggest and most attractive strategy to seize this Bitcoin and eliminate economic deprivation in the future.

Those who are in their twenties or thirties can use Bitcoin to achieve Financial Independence, Retire Early (FIRE). Such people must invest in Bitcoin for ten straight years and that will give them good return to retire early by achieving their financial goals. In my country the retirement age set by government is 60 years and if somebody start investing in Bitcoin for ten or more straight years then he don't need to work till he turn 60 to get pension and other necessary funds. Return will be massive if we invest for 15 straight years and that's why it's important to start investing in Bitcoin in early age.

[Obulis]

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

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

Tonimez from what I understand in what omj1014 said, he or she didn't say that long-term investment is more riskier. The background set is that the higher the risk the more the gain and so advising people to try short-term should mean that short-term is more riskier and so people should try it since more risk should mean more gain. But we know that all that is not true. Even going ahead to say to high income earners that if things goes south there's something to run back to, thereby encouraging people to keep losing their hard earned money as they have something to fall back to.

Very unhealthy advice. That short-term is more riskier does not make it something that can give more gain because higher risk/pains doesn't necessarily mean higher gains. This has nothing to do with no pain no gain because even Long-term has pains also. And not to forget, some pains are usually unnecessary.
So far statistics is saying it all, how few people going short-term actually makes gains, so why advice a newbie or anyone to give it a try?

[ruykeri]

Those who are in their twenties or thirties can use Bitcoin to achieve Financial Independence, Retire Early (FIRE). Such people must invest in Bitcoin for ten straight years and that will give them good return to retire early by achieving their financial goals. In my country the retirement age set by government is 60 years and if somebody start investing in Bitcoin for ten or more straight years then he don't need to work till he turn 60 to get pension and other necessary funds. Return will be massive if we invest for 15 straight years and that's why it's important to start investing in Bitcoin in early age.

Invest for 10 to 15 years, you will be able to easily continue your life without any income or retirement money, It is not that easy. Depending on your income, how much money you invest regularly, weekly or monthly, will determine your future. If someone had accumulated $50 in Bitcoin weekly from 10 years before, he would have about 7.5 BTC today. But with the current Bitcoin price and if the price continues to increase in the future with the time as before, it will not be possible to make 1 BTC by investing $50 weekly in 10 years. Although the future will depend on the price of Bitcoin, which is completely unpredictable. That is why it cannot be said with absolute guarantee that early retirement is possible even if you invest for 10 to 15 years. It should be understood that Bitcoin is not a direct retirement plan.

[Bigjoe33]

~snip~

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

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

Yes, you actually right in your explanations, and it's advisable that newbies go with the DCA strategy of accumulating Bitcoin since they are only new to the market and lack the much needed knowledge to navigate the market. While investing using the DCA, they can learn better ways to invest and also have time to build up there emergency funds and other back up funds and/or reserve funds which they can use to buy from the Dip or lump sum if need be or they are ready to do so. Not just newbies, old time investors can also stick with the DCA strategy and also buy the Dip once an opportunity shows up if they are financially ready for such buys

[Derekfunds]

~snip~

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

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

I disagree with you about the number of strategy we have in Bitcoin accumulation because the last time I checked what we have was 3 methods or strategies of accumulating Bitcoin which are buy the Dip, Dollar Cost averaging ( DCA) and the lump sum ( buying in large quantity) and these strategies are effective in their own way but the reason why DCA is much more visible is because of the fact that even folks without enough funds can still accumulate as long as they can get a discrestionary from the funds but the reason why the buy Dip is not really effective is because an investor will have to wait before accumulating but the good thing is that an investor can stil  be DCAing while they are also make arrangements for Dip when it comes which means they don't have to wait anymore.

[Sonia_123]

~snip~

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

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

Bitcoin investment is dealing with a long-term investment and not a short-term investment, therefore using your dca strategy to accumulate remains the best strategy both for newbies and those that are not new to bitcoin investment, because it is stress free as long as your discretionary income is available and gives you the opportunity to invest and buy your bitcoin continuously for a long-term of 4-10 years or more as long as you wish, dca also helps you to accumulation enough bitcoin in a lower price and overtime which could not have been possible without bitcoin .

The dca strategy helps one to be more focused in purchasing and accumulation of more bitcoin to your portfolio .

[Grace333]

the DCA method is good and safe but sometimes you have to go for the short term because high risk brings high reward, this is best for high income earners, so Incase things goes south there's something to run back to.

Whether higher income earners or not it is never right to think about making profit from Bitcoin in short term, it's been said here time without number that Bitcoin is not a get rich quick scheme so why are you trying to bring us back to something that has been forbidden? To be frank it's too early for you to be thinking about short term unless you don't want to enjoy Bitcoin investment to the fullest. Because if you keep going with this mindset I bet you that you will regret ever focusing on the short term profit instead of long term, if you know what is good for you better trash this idea of investment for short term and focus on the future.

Like, Bitcoin has never been about fast money, no matter how much people try to be smart. Anyone coming in with a short term mindset will end up disappointed, and selling at the wrong time..
The real value comes when you are patient. Focusing on the long term is really the only way to enjoy Bitcoin accumulation and investment without regretting it. Short term thinking just kills the whole thing.

[PhilosopherKing]

i agree with you because the waiting game is not advisable for someone who is still very much in his accumulation stage and haven't gotten to some sort of a level where he can comfortably say that hes gotten to his accumulation target or even over-accumulation. surely, whatever have an advantage also have a disadvantage and in this regard i think the disadvantage is higher especially to this investor who is still in accumulation stage  because hes likely to miss out big time on some buying opportunities which would've helped to gradually improve his portfolio and again he might end up waiting forever without even buying because the dip may not occur. you don't have to follow them in the waiting game because most of them who do wait for the dip now if you check very well they have already accumulated good amount of bitcoin over the years and that's why they can comfortably wait. so before waiting you must make sure to have already accumulated a decent large amount of bitcoin or perhaps gotten to their accumulation target or over accumulation as the case may be.

there is no assurance of even buying bitcoins even after wasting your life waiting for the dip. Waiting for the dip can puts people under high level of pressure to begin timing the market which can cause delay which can lead to missing the dip. That is why people need to quit with their obsession over dips and do DCA, so that they wouldn't fuck up their long term plan before they even start


With DCA approach, all those bullshits of time market disappeares. DCA is the sweetest and easy to use approach there is, nobody should ever doubt it.

[G_Besar]

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

And of these two buying models, which one do you think is most suitable and most user-friendly? Because buyers who don't focus so much on price, as you mentioned, are usually few in number, mostly consisting of wealthy individuals and those who are already focused on accumulating Bitcoin and have already set aside funds specifically for it. Meanwhile, those who prefer to wait for the price to drop to buy are usually those who don't have much money and don't have the courage to buy immediately without worrying about Bitcoin price fluctuations.

So, for both buyer models, I personally prefer the option of buying without worrying about price fluctuations, as waiting for the Bitcoin price to drop can seem like a waste of time, and we don't always get that opportunity. Therefore, when focusing on buying, it's better to ignore price fluctuations, as the goal is to accumulate more Bitcoin in your personal wallet.

[JayJuanGee]

Of course, it is best to hold Bitcoin for the long term, if you think that holding it for a short period of time will never be right. Yes, I believe that there is no shortcut to getting rich by investing in Bitcoin, the more Bitcoin you hold for the long term, the more financially active you are guaranteed to be. That is why many people follow the Bitcoin DCA method and keep Bitcoin for a long time, a low-income person can also follow the DCA method and keep Bitcoin for a long time. Bitcoin is open to investment for everyone, so this is the biggest and most attractive strategy to seize this Bitcoin and eliminate economic deprivation in the future.

Those who are in their twenties or thirties can use Bitcoin to achieve Financial Independence, Retire Early (FIRE). Such people must invest in Bitcoin for ten straight years and that will give them good return to retire early by achieving their financial goals.

Don't be so narrow minded as to believe that ONLY folks in their twenties or thirties can use bitcoin to achieve FIRE status.

Whenever a person comes to bitcoin they have whatever resources they have at that time, and they are starting their investment into bitcoin from where-ever and whatever status that they happen to have at the time that they learn about bitcoin (and/or that they decide that it is time to get started investing into bitcoin).

People who are older might also have other assets that they can reallocate some or all into bitcoin.

In my country the retirement age set by government is 60 years and if somebody start investing in Bitcoin for ten or more straight years then he don't need to work till he turn 60 to get pension and other necessary funds. Return will be massive if we invest for 15 straight years and that's why it's important to start investing in Bitcoin in early age.

Sure, it varies from country to country in terms of what benefits might be available, and surely it might be good to have bitcoin as a means to completely replace what the government benefits might be or that bitcoin might serve merely as a means to supplement whatever benefits that the government might have in place.

There are also a lot of folks who might end up working way longer than they are ready, willing and able to based on their financial status and their concerns about their future income (and/or their standard of living that might get restricted once income from work is no longer coming in).

Bitcoin should be able to provide more options, and of course, there is likely to be individual variance - and of course, each person should be trying to figure out his bitcoin investment and strategy based on his own particulars.. which gets us back to a likely minimum timeline of 4-10 years or more, so even a person who might ONLY have a 4 year investment timeline based on age and/or health considerations, he still may well be able to benefits from getting involved in building up a bitcoin stash.

By the way, your point about starting to invest early is a good thing, even though it still might take a decently long time to build up investments for young people, as compared with older people might already have investments... Yet, on the other hand, young people are likely to be advantaged by having bitcoin as a place that they would be able to put money (invest into) as compared with older people might have some disadvantages in hearing about bitcoin late, yet better late than never, so each of us has to start from where we are at.. whether we are old, young or rich or poor.. we start with where we are at and figure out how we are going to approach bitcoin from the place we are at when we first figure out that bitcoin is an option for us.

Those who are in their twenties or thirties can use Bitcoin to achieve Financial Independence, Retire Early (FIRE). Such people must invest in Bitcoin for ten straight years and that will give them good return to retire early by achieving their financial goals. In my country the retirement age set by government is 60 years and if somebody start investing in Bitcoin for ten or more straight years then he don't need to work till he turn 60 to get pension and other necessary funds. Return will be massive if we invest for 15 straight years and that's why it's important to start investing in Bitcoin in early age.

Invest for 10 to 15 years, you will be able to easily continue your life without any income or retirement money, It is not that easy. Depending on your income, how much money you invest regularly, weekly or monthly, will determine your future. If someone had accumulated $50 in Bitcoin weekly from 10 years before, he would have about 7.5 BTC today. But with the current Bitcoin price and if the price continues to increase in the future with the time as before, it will not be possible to make 1 BTC by investing $50 weekly in 10 years. Although the future will depend on the price of Bitcoin, which is completely unpredictable. That is why it cannot be said with absolute guarantee that early retirement is possible even if you invest for 10 to 15 years. It should be understood that Bitcoin is not a direct retirement plan.

If you invest $50 per week into bitcoin, then after 1 year you would have had invested $2,600 into bitcoin, and after 10 years, you would have had invested $26k into bitcoin and after 20 years you would have had invested $260k $52k into bitcoin.

You might be able to get to 0.1 BTC in 10 years, perhaps, yet I doubt that in 20 years you would get to 1 bitcoin... so if for some reason you think that you need to get to 1 bitcoin (which I doubt that you need to), then you better start investing more aggressively, perhaps in the neighborhood of $400 per week, which would get you invested $20k in a year and $200k in 10 years, and even $400 per week might not be enough to get to 1 BTC in 10 years.

Yet, who the fuck says you need to get to 1 BTC?  except your imagination?

Each of us needs to work with what we have rather than making up fantasy standards that may or may not even be very relevant in terms of what we might be realistically ready, willing and able to achieve.

Maybe you should explain (ruykeri) why you believe there is a need to get to 1 BTC, and/or why you believe that not getting to something like 1 BTC would not allow you to reach your goals, such as getting to FIRE status.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

And of these two buying models, which one do you think is most suitable and most user-friendly? Because buyers who don't focus so much on price, as you mentioned, are usually few in number, mostly consisting of wealthy individuals and those who are already focused on accumulating Bitcoin and have already set aside funds specifically for it. Meanwhile, those who prefer to wait for the price to drop to buy are usually those who don't have much money and don't have the courage to buy immediately without worrying about Bitcoin price fluctuations.

So, for both buyer models, I personally prefer the option of buying without worrying about price fluctuations, as waiting for the Bitcoin price to drop can seem like a waste of time, and we don't always get that opportunity. Therefore, when focusing on buying, it's better to ignore price fluctuations, as the goal is to accumulate more Bitcoin in your personal wallet.

DCA is better for everyone, so if poor people are waiting for the dip, they are putting themselves at a disadvantage and they can have fun staying poor if they cannot put themselves in a better mindset to focus on how much they can buy each week based on their budget, not based on whether the BTC price is going up, down or sideways.

After they spent a whole cycle just buying no matter the price, then they can reassess if they need to make any adjustments to what they are doing or just to continue with the same practices.  They likely would have had put themselves in a better situation by focusing on ongoing buying of bitcoin and just making sure that they have various cash back ups so that they do not run out of money to pay for their expenses and/or to cover any cashflow mistakes (or irregularities) that might come up from time to time.  Most people experience cashflow irregularities, and a person who is prepared for such cashflow irregularities is going to make it through such irregularities as compared with someone who is not prepared.  Poor people probably have to take extra efforts to make sure that they prepare themselves for cashflow irregularities as compared with rich folks who might already have cashflow irregularities preparations without even realizing that they have them.

[bangjoe]

And of these two buying models, which one do you think is most suitable and most user-friendly? Because buyers who don't focus so much on price, as you mentioned, are usually few in number, mostly consisting of wealthy individuals and those who are already focused on accumulating Bitcoin and have already set aside funds specifically for it. Meanwhile, those who prefer to wait for the price to drop to buy are usually those who don't have much money and don't have the courage to buy immediately without worrying about Bitcoin price fluctuations.

So, for both buyer models, I personally prefer the option of buying without worrying about price fluctuations, as waiting for the Bitcoin price to drop can seem like a waste of time, and we don't always get that opportunity. Therefore, when focusing on buying, it's better to ignore price fluctuations, as the goal is to accumulate more Bitcoin in your personal wallet.

DCA is better for everyone, so if poor people are waiting for the dip, they are putting themselves at a disadvantage and they can have fun staying poor if they cannot put themselves in a better mindset to focus on how much they can buy each week based on their budget, not based on whether the BTC price is going up, down or sideways.

After they spent a whole cycle just buying no matter the price, then they can reassess if they need to make any adjustments to what they are doing or just to continue with the same practices.  They likely would have had put themselves in a better situation by focusing on ongoing buying of bitcoin and just making sure that they have various cash back ups so that they do not run out of money to pay for their expenses and/or to cover any cashflow mistakes (or irregularities) that might come up from time to time.  Most people experience cashflow irregularities, and a person who is prepared for such cashflow irregularities is going to make it through such irregularities as compared with someone who is not prepared.  Poor people probably have to take extra efforts to make sure that they prepare themselves for cashflow irregularities as compared with rich folks who might already have cashflow irregularities preparations without even realizing that they have them.

I totally agree, especially on understanding cash flow, of course in investing in bitcoin or any asset do not make purchases carelessly without paying attention to other aspects, we also need to consider things that can happen outside of our investment that forces us to use more money for expenses, this reserve fund will be very useful in anticipating all forms of unexpected expenses and our investment will remain safe in bitcoin, I think rich people also control their finances including and reserves, so those whose wealth status is still below also need to have that financial reserve, we don't know what will happen but we can prepare before anything happens it's wiser.

And we must realize that why should we be in minimum one cycle with bitcoin, especially the accumulation that must be done because every bitcoin cycle prints a new ATH, don't care about the high and falling prices on the most important purchase DCA is still being done because if we hold long-term at least one cycle then we are able to gain profits in bitcoin as for example from the cycle of cycles that we have passed and 4 years from now will do the same thing too, and that is a definite calculation of the proven bitcoin cycle.

[Alonso_]

DCA is better for everyone, so if poor people are waiting for the dip, they are putting themselves at a disadvantage and they can have fun staying poor if they cannot put themselves in a better mindset to focus on how much they can buy each week based on their budget, not based on whether the BTC price is going up, down or sideways.

After they spent a whole cycle just buying no matter the price, then they can reassess if they need to make any adjustments to what they are doing or just to continue with the same practices.  They likely would have had put themselves in a better situation by focusing on ongoing buying of bitcoin and just making sure that they have various cash back ups so that they do not run out of money to pay for their expenses and/or to cover any cashflow mistakes (or irregularities) that might come up from time to time.  Most people experience cashflow irregularities, and a person who is prepared for such cashflow irregularities is going to make it through such irregularities as compared with someone who is not prepared.  Poor people probably have to take extra efforts to make sure that they prepare themselves for cashflow irregularities as compared with rich folks who might already have cashflow irregularities preparations without even realizing that they have them.

You’re very correct, DCA is always better for everyone who wants to start investing in Bitcoin, be you beginner or old investors you can always keep buying through the DCA, there is no reason whatsoever poor people should be waiting for the dip and keeping money to buy Bitcoin, when there is DCA out there to keep buying little by little, well I will think that most of this poor people who thinks that buying Bitcoin is very difficult and hard doesn’t even know that they can just buy Bitcoin immediately through the DCA with their little discretionary income, I’m also going to think that probably they have that mindset of having quick profit and they will also forget that Bitcoin isn’t a get rich quick scheme or whatever might be going through their head.

I think it’s just better to get started, and then we can as well be figuring out what mistakes that we must have made, and also trying to financially adjust to this mistakes, and making adjustments to having other cashflow that will enable us having more discretionary income and also accumulate more bitcoin, and also building some backup funds along the way of investing in bitcoin, and we can also consider going more aggressively investing and buying bitcoin, and we can be very cautious with how much aggressiveness we can put into our system of investing in Bitcoin so we don’t make more mistakes or irregularities.

[Charcol]

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

In Bitcoin high risk does not guarantee you high rewards looking at the volatility of Bitcoin, what you actually needs as a beginner is to acquire the necessary skills in Bitcoin and also understand the nature of Bitcoin market which may widely influenced the strategy you will adopt to meet your target based on financial inflows either on weekly or monthly basis. Also you will need to budget your finances, keeping your emergency funds to meet up with your emergency situations so as not to disrupt your investment then you kindly make use of discretional funds to invest in Bitcoin using any of the strategies and hold as long as possible while you keep accumulating to build a portfolio .

Before investing, knowledge and insight are crucial foundations for every investment step. Without a thorough understanding of the market, risks, and strategies, we can easily fall into decisions that lead to losses. Investing anywhere carries risks, and crypto is known for its significant fluctuations. High returns depend on how long you hold the asset the longer you hold it, the greater the potential return. It's crucial to budget your monthly income in a structured manner to ensure your investments aren't disrupted by unexpected expenses. This helps maintain financial discipline and ensures consistent fund allocation.

It’s absolutely impossible to have all knowledge and insight about Bitcoin, there is no such way that a beginner will have a thorough understanding about the market before starting to invest into bitcoin, Let me agree that it’s possible would that not be a time wasting, when you can just start buying bitcoin immediately as soon as you have a discretionary income.

However whichever way you want to do approach the market, there is always going to be a notable amount of risk involved, which is why we are always advised to approach the market with buying Bitcoin consistently for the purpose of holding for a long term.

Perhaps we need something called basic understanding about Bitcoin on how to buy bitcoin, and hold them along the line while investing we can be learning more and more about Bitcoin and understanding the market.

You are right. It is almost impossible for beginners to start investing after knowing everything about Bitcoin. Many times, the thought of >I will learn more< turns into indecision and then no one starts. However, it is also true that one should not enter the market in a state of complete ignorance. In my opinion, it is enough to know a few basic things to start. Which can be learned by discussing with experts in this forum.
How to buy Bitcoin?
How to keep your coins safe?
Why is it important to hold for the long term?
How to avoid risk?
In fact, this Bitcoin market is constantly changing, so the learning process never ends. That is why trying to be perfect at the beginning often delays things. Even those who have been in this space for many years are constantly learning something new.

[Emjay24]

~snip~

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

Buying the dip and lump sum are different strategies.

They are of course two very different strategies of buying Bitcoin. In short, folks who buy the dip relies on timing the market to take advantage of a temporaryy price drops with the intention of getting Bitcoin at a discounted rate...... While Lump summing do not require timing the market, here investors accepts volatility by putting into Bitcoin a fixed amount of money all at once, not minding short term prices fluctuation....

Lump sum is a very good strategy and is very efficient if the investor is determined in going long term in bitcoin and for me it doesn't matter the price you bought since there is every possibility that the top of today would be the dip of tomorrow if bitcoin continues doing well, so I prefer it to targeting dips, although people have their different strategic approaches to buying bitcoin.

When someone lump sums and holds for 3 cycles or more, the price at which he bought may have even ceased being a dip by the second cycle and yet his entry price would be far below what would be the targeted dip at such times making his investment more profitable than those who are continually DCAing for longer and targeting dips.

All the accumulation strategies are good to practice (but not buying the dip for a no coiner or low coiner waiting for dips to start) and a combination of more than one strategy if the investor deems it fit, but if I as an investor has large discretionary income available, I would simply lump sum and achieve my accumulation target and continue holding for long.

[Kelward]

the DCA method is good and safe but sometimes you have to go for the short term because high risk brings high reward, this is best for high income earners, so Incase things goes south there's something to run back to.

Whether higher income earners or not it is never right to think about making profit from Bitcoin in short term, it's been said here time without number that Bitcoin is not a get rich quick scheme so why are you trying to bring us back to something that has been forbidden? To be frank it's too early for you to be thinking about short term unless you don't want to enjoy Bitcoin investment to the fullest. Because if you keep going with this mindset I bet you that you will regret ever focusing on the short term profit instead of long term, if you know what is good for you better trash this idea of investment for short term and focus on the future.

Like, Bitcoin has never been about fast money, no matter how much people try to be smart. Anyone coming in with a short term mindset will end up disappointed, and selling at the wrong time..
The real value comes when you are patient. Focusing on the long term is really the only way to enjoy Bitcoin accumulation and investment without regretting it. Short term thinking just kills the whole thing.

High risks high reward is not compatible with Bitcoin investment, it is not a Ponzi scheme or get rich quick shitcoin scams that hypes about hitting the moon only to die sometime after takeoff. If you want quick profit on Bitcoin investment that means that you'll be ready to risk your funds because you don't know whether price will skyrocket within your short timeframe, it's same with gambling your funds. If you want peace of mind and very low risk Bitcoin investment strategy then choose DCA method, continue to buy and hold for many years of up to 8 to 10 years, price would have gone past many ATH to keep you in sure profit.

[arwin100]

Whether higher income earners or not it is never right to think about making profit from Bitcoin in short term, it's been said here time without number that Bitcoin is not a get rich quick scheme so why are you trying to bring us back to something that has been forbidden? To be frank it's too early for you to be thinking about short term unless you don't want to enjoy Bitcoin investment to the fullest. Because if you keep going with this mindset I bet you that you will regret ever focusing on the short term profit instead of long term, if you know what is good for you better trash this idea of investment for short term and focus on the future.

Like, Bitcoin has never been about fast money, no matter how much people try to be smart. Anyone coming in with a short term mindset will end up disappointed, and selling at the wrong time..
The real value comes when you are patient. Focusing on the long term is really the only way to enjoy Bitcoin accumulation and investment without regretting it. Short term thinking just kills the whole thing.

High risks high reward is not compatible with Bitcoin investment, it is not a Ponzi scheme or get rich quick shitcoin scams that hypes about hitting the moon only to die sometime after takeoff. If you want quick profit on Bitcoin investment that means that you'll be ready to risk your funds because you don't know whether price will skyrocket within your short timeframe, it's same with gambling your funds. If you want peace of mind and very low risk Bitcoin investment strategy then choose DCA method, continue to buy and hold for many years of up to 8 to 10 years, price would have gone past many ATH to keep you in sure profit.

If that word high risk high reward word mentioned the first thing came on my mind is the shitcoins, but for Bitcoin? that should not be the case. Since Bitcoin is good as long term asset and its proven since we see some nice growth on many cycles happening in this coin.

Treating it as easy get rich scheme is gamble, since short term movement is so unpredictable. With DCA they will be disciplined and they can consistently buying and holding Bitcoin for many years. We have seen for many times that Bitcoin breaks lots of ATH and that situation is always rewarding for long term holders. So if they really want to have peace of mind on their investment, DCA is best strategy for them.

[Skydrill]

~snip~

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

Buying the dip and lump sum are different strategies. of money all at once, not minding short term prices fluctuation...

This particular practice of neglecting the DCA is becoming very popular with a lot of investors especially the beginners, they often prefer to time the market and buy during the time they feel its convenient and this also makes them to lose opportunities which they would have utilized to their advantage to grow, buying during the dip isn't the best option and it's best you try out other methods so you can compare the difference and understand how both works and when system should be applied respectively

[Bigjoe33]

~snip~

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

Buying the dip and lump sum are different strategies. of money all at once, not minding short term prices fluctuation...

This particular practice of neglecting the DCA is becoming very popular with a lot of investors especially the beginners, they often prefer to time the market and buy during the time they feel its convenient and this also makes them to lose opportunities which they would have utilized to their advantage to grow, buying during the dip isn't the best option and it's best you try out other methods so you can compare the difference and understand how both works and when system should be applied respectively

An investor can use any of the strategies to accumulate Bitcoin, all of them are okay provided you are accumulating using your discretionary income, but more emphasis are laid on the DCA strategy since it allows an investor to buy Bitcoin in bits as low as $10 weekly or monthly. Added to this advantage is that fact that one can still have an ongoing DCA buys and still decide to buy the Dip or lumplump sum if he has an extra cash to do that. So DCA is more preferred since it makes investment a but easier and easy going