Buy Buy Buy or Sell Sell Sell?

[Merit.s]

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

[Silikiem]

For many investors, time in the market beats timing the market.
Timing the market consistently is incredibly difficult and it also takes a tremendous amount of energy and discipline. Whereas, time in the market requires less effort and produces more consistent outcomes.
Whatever investment style you choose, it is important to conduct thorough research. Otherwise, it is no different from gambling.

It is better to get started in accumulating bitcoin the moment one is able to get a discretionary income to use for investment,  the time is now to get started, it’s never too late to start now. The act of timing the market before buying bitcoin is not the best approach for a long term investor, it is the mindset of cheap traders who are in for quick gains, they want to wait until the price is dip before they can buy bitcoin so that they will sell immediately when they notice a little increase in price, and they panic when the market is not going their way and they end up selling at a loss. With the DCA method you don’t have to be timing the market before you can buy bitcoin and invest, you can buy at any market price with a discretionary income of yours and hold for the long term purpose and gradually build up your portfolio.

[Showlove01]

For many investors, time in the market beats timing the market.
Timing the market consistently is incredibly difficult and it also takes a tremendous amount of energy and discipline. Whereas, time in the market requires less effort and produces more consistent outcomes.
Whatever investment style you choose, it is important to conduct thorough research. Otherwise, it is no different from gambling.

For am investor, priority is given to figuring out if he has a discretionary income to invest with any of the strategy he wants to make use of , for instance an investor that has a discretionary income to invest in Bitcoin and want to make use of DCA strategy doesn't need to make any kind of research before buying his Bitcoin, if he also want to lump sum or buy the dip he doesn't need to make or conduct any thorough research before placing his buying orders because his focus is on increasing his size of Bitcoin fundamentally, those that emphasize more on research and a analysis before making use investment strategy are mostly the traders and not an investor with a long term investment plan.

And many investors consider the risks, so they decide it's better to invest in the future. I think the same way; in my opinion, there isn't much that needs to be learned and understood if you want to invest long-term. Just being consistent will most likely lead to profits in the future. As for strategy choices, so far I think the DCA strategy is the best for accumulating Bitcoin, as long as we buy it with discretionary income.

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

[Lembo69]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

It is not the case that people sell without basic knowledge of Bitcoin. In fact, most of those who sell Bitcoin are short-term investors. You have to be patient during the decline, and you have to have an emergency fund so that you do not sell your investment if you suddenly need money, these have been discussed in the forum for a long time and it is being said that investors should be patient during the decline. Even then, those who are selling are nothing but short-term investors.

It is clear that some people only see investment as a business. They do not come to save at all, if they had come with the mentality of saving, then maybe they would not have sold their investment. Not everyone can be consistent in investment, only those who invest for the future are consistent. They want to make their future a little better, so they invest. At the end of the day, those who maintain their investment discipline. And invest for the long term.they guis are succesful in investing!

[JayJuanGee]

If you ask me, trying to use or merge all three strategies at once because you have the financial ability might lead to lack of concentration and a clear vision of the direction of your investment. I like to say that there is power in consistency.

Uniting all the strategy on your investment will not stop your concentration in one because money is what speaks the possibility of it, as those strategies are different that is how they also been use differently, it doesn't mean you will be using all of them as a DCA so there is a time for each of them to be use but DCA is been more time specifically defined than when you use buy in dip because you can decide for every five days to buy Bitcoin but you might not say it in buying at dip because is only when you see dip your targets for it will be explored but DCA is an irreplaceable strategy for me.

I think investing in Bitcoin, whether using one or two strategies, is fine, because the point is, we're constantly buying Bitcoin, and that's the key. But why is there more than one strategy available for people to use, including in Bitcoin? It's useful to adapt to one's financial situation. Obviously, people without large discretionary funds won't be able to use a lump-sum strategy because their funds aren't substantial. That's why DCA was introduced for such people. DCA can be likened to saving, and I'm sure more people can do it. However, if someone has a substantial discretionary fund to invest in Bitcoin, buying with a lump-sum strategy or DCA is certainly feasible. Essentially, that person's financial situation is better. So, when it comes to choosing a strategy, it's our financial situation that determines which one is best for us...

The DCA strategy wasn't introduced for only people without large discretionary income. There are people that don't like the idea of going in all that once . That is they don't fancy the idea of putting in large amounts of money in buying bitcoin at once so they make like the idea of using DCA strategy as with the DCA strategy they can be buying bitcoin at different intervals and different prices.
Even those with low discretionary income can also do lump sum whenever they have an extra cash to do so.

I doubt that there is any advantage in buying BTC at various different prices and/or intervals, since it seems to me that most people would prefer to buy BTC at less expensive prices if they are able to accomplish such.

People are advantaged by DCA because they can both buy when the money comes available and they can also determine their level of aggressiveness (how much of their money to spend) based on how much money they have available (and perhaps based on when they expect to get paid next).

Don't you think that you are contradicting yourself here?
Because you said that no accumulating strategy is better than the other, and to the best of my knowledge, we have three accumulating strategy, which are dca, lump sum and dip buying strategy, but the dip buying strategy warrant you to wait for it before buying, if it's only the strategy you are accumulating Bitcoin with.
So dca and lump sum accumulating strategy are quite ok, but dip buying strategy alone is what I don't feel ok with because it's going to warrant you to be waiting first before buying.
So that's why I don't see it as a good accumulating method because it's going to compel you to wait before buying unlike dca and lump sum accumulating strategy that you can just buy anytime your discretionary income is available, but if you are practicing dca or lump sum accumulating strategy and their is a dip buying opportunity in the market, you can take advantage of it, not by focusing on the dip only.

I don't think relying on buying the dip as a primary strategy is more effective compared to when using DCA as a primary strategy used for accumulating bitcoin. A investor who uses the DCA strategy as they primary strategy would accumulate a great amount of stash better than a dip buying investors. The time a dip buying investors would spend waiting for a dip to occur beforing buying bitcoin, a DCA investor have already accumulated a substantial quantity of stash. For me the DCA strategy  is better than the dip because consistently buying bitcoin is more advantageous than waiting for the perfect dip which you're not sure would ever occur.

Well, someone who's invested for more than 10years can choose to change from accumulating consistently it's their choice cause they may feel they've accumulated enough over the years and need to ease the rate of accumulating, but I don't support that investors who haven't accumulated long enough should focus solely on buying the dip.

 Buying the dip strategy is a choice but the DCA is more preferable for investors who started accumulating in about two to three years ago, they missed the opportunity of investing when Bitcoin was very cheap than this and should be very aggressive with their investment so why wait for the dip before buying when the DCA would even give them opportunity to witness lots of dips.

I think that buying the dip can be used to supplement a lump sum buy, so if a person might either receive a bunch of money and they are trying to determine how they want to invest it, they might couple buying the dip with both DCA and buying right away.

Otherwise, I mostly agree that buying the dip does not make a lot of sense when a person might be in their earlier times of BTC accumulation.... even though surely, there could be some instances in which a person might choose to front load their investment and buy a lot, and then they decide to stop regular buying for a bit of time and to only buy the dip for a period of time, yet if time continues to pass, they may well be better served by continuing to buy rather than continuing to employ waiting strategies, especially, like you suggested, if they are still fairly early in their BTC accumulation process...

Even a person who had been accumulating 10% of their income per year, they still might feel quite low in their bitcoin accumulation status after 10 years of accumulating bitcoin as compared to someone who might have had been able to be more aggressive and invest somewhere in the ballpark of 25% of their income per year for 5 years or more. 

I am not suggesting that it would be easy for guys to accumulate bitcoin at the higher levels, such as 25% of their income per year for several years in a row, even though there are some guys who might find themselves in such status so that they can reach feelings of sufficient or over accumulation muhc faster than most normal people who may well struggle to even be able to invest more than 10% of their income per year into bitcoin.

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

You are also describing some justification why a brand new investor into bitcoin does not need to do very much investigation into bitcoin prior to getting started.

Anyone who has discretionary funds and common sense should be able to get started investing into bitcoin right away.

Of course, anyone who has common sense should be able to determine that if they are totally uneducated about bitcoin besides perhaps looking at some charts and perhaps having some superficial ideas in regards to what bitcoin is, then they would likely start out investing into bitcoin at relatively lower amounts since it would not make much sense to be investing into bitcoin with large amounts of money if they don't know hardly anything about it, except maybe their having some superficial information about it.

At the same time, as their knowledge about bitcoin increases, then they should be able to increase the amounts that they are investing into it. At the same time, when they get started, even with small amounts, that taking a stance and taking action should end up motivating them to research further and further into bitcoin in order to better understand what they are investing into.

[I_Anime]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

It is not the case that people sell without basic knowledge of Bitcoin. In fact, most of those who sell Bitcoin are short-term investors. You have to be patient during the decline, and you have to have an emergency fund so that you do not sell your investment if you suddenly need money, these have been discussed in the forum for a long time and it is being said that investors should be patient during the decline. Even then, those who are selling are nothing but short-term investors.

It is clear that some people only see investment as a business. They do not come to save at all, if they had come with the mentality of saving, then maybe they would not have sold their investment. Not everyone can be consistent in investment, only those who invest for the future are consistent. They want to make their future a little better, so they invest. At the end of the day, those who maintain their investment discipline. And invest for the long term.they guis are succesful in investing!

First what do you call basic knowledge in bitcoin ? , because clearly one won’t ave able to sell without having the basic knowledge. Keep your your coin in your wallet is part of the basic knowledge, as time goes you will have to learn how to secure assets going into some complete knowledge on how bitcoin works and how to  improve your bitcoin investment as you accumulate and hold , because without the proper knowledge you won’t be able to keep it up you may endup messing things up eventually.

[Obulis]

Buying BTC using multiple methods is indeed a good thing if we have a large income, and we will surely accumulate a lot of BTC quickly. Surely, everyone who understands BTC wants to use multiple methods to quickly obtain a lot of BTC.

However, using just one method is also a good idea rather than not using any at all. But in my opinion, the most important thing is to remain consistent with whatever method we choose and, most importantly, to hold onto BTC for the long term. This is because there are many people who have a lot of BTC because they bought it using multiple methods but were impatient and ultimately couldn't hold onto it for the long term. So, in my opinion, the most important thing is to hold onto BTC for the long term because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high. However, if we only hold onto BTC for a short time, we won't make a significant profit.

Your argument is compelling but I must say that if you are trying to just do a 1 method bitcoin investment then it should be with the DCA, the other method have drawbacks that make using them exclusively a bit tricky, take buying the DIP now, if you decide to invest in bitcoin solely with this method then you are guaranteed to have to wait for a DIP before you can buy and that's not a smart move for an investor to make as good buying opportunities will just keep slithering by while you wait for a DIP that may or may not happen anytime soon. Lump summing as your only investment method also facilitates the same problems, why wait for discretionary income to pile up when you can consistently buy with the DCA, at the end of the day the DCA method is the only method you can use as a standalone method.

Some strategy are trading oriented and might not necessarily merge with another.
Like using DCA strategy the front runner that can meet a dip and then increasing accumulation when it dip is just like an advantages of DCA strategy. Since DCA strategy is not time bond and market price oriented, increasing input and more increase during the dip can likewise accumulate a lot of Bitcoin quickly with large discretionary funds.
You didn't wait for the dip but takes advantage of it.

[Solokan]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

It is true that basic knowledge is important because without it, long-term investments in BTC will likely not go smoothly. Sometimes, when there is negative news, people panic and sell immediately, even though it is just a hoax because in reality, BTC always makes new all-time highs even when there is negative news.

However, based on the experience of some people, the reason why long-term investments in BTC are not sustainable is because the money used to buy BTC is not from discretionary income and is not money that is ready to be lost. That's why panic always occurs when the price of BTC drops, as people don't want the money they've invested in BTC to decrease.

[AuchanX]

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because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high.

This is a Misconception.The temptation to sell if you have more BTC does not apply to Everyone.What I understand is that the real issue here is not the amount of BTC, but the mentality and plan of the holder. Currently, there are many people who have a significant amount of BTC, but they do not sell even when ATH comes, but focus on saving more. Because they understand the characteristics of Bitcoin well. And they do not see BTC for short-term profit, but as a long-term value. Again, many people sell even if they have a small amount of BTC, as soon as the price increases slightly. In reality, greed or fear comes only when there is no clear goal and strategy. Those who have a clear plan to hold it in the long term. For them, tempting offers in the short term do not work.

[JayJuanGee]

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because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high.

This is a Misconception.The temptation to sell if you have more BTC does not apply to Everyone.What I understand is that the real issue here is not the amount of BTC, but the mentality and plan of the holder. Currently, there are many people who have a significant amount of BTC, but they do not sell even when ATH comes, but focus on saving more. Because they understand the characteristics of Bitcoin well. And they do not see BTC for short-term profit, but as a long-term value. Again, many people sell even if they have a small amount of BTC, as soon as the price increases slightly. In reality, greed or fear comes only when there is no clear goal and strategy. Those who have a clear plan to hold it in the long term. For them, tempting offers in the short term do not work.

Yep.  I cannot see why anyone holding BTC would be more motivated to sell his BTC merely because he has a lot of it and/or merely if the BTC price were to go up a lot in a short period of time (such as 3-6 months or maybe drug out going up for 12-18 months).

For sure, the more BTC that any guy has, then the more options that such guy would have in terms of whether or not to sell some or all of his BTC and/or how to manage the BTC that he happens to have.

If we use an example from earlier, and if a 50 year old guy with a $30k income had been accumulating bitcoin for the past 10-ish years, and if he currently has 30 BTC or more, yet he realizes that right now he really ONLY needed to have right around 13.976 BTC in order to sustain an $80k per year income forever and ever and ever (with 7% increases in the dollar value every year forever and ever), then the guy knows that he has twice as many BTC as he needs to have.. so he has extra BTC.  

Yet, why would such a guy be motivated to sell the extra BTC merely because he has extra?  

The guy has options and so for example, he could double his sustainable withdrawal income from $80k per year to $160k per year, if he were to want to do that, and/or he has other options that relate to his happening to have more BTC than he needs (or wants), and I don't see why such a guy would feel any kind of urgency to sell a lot of his bitcoin - merely because he has such BTC, even if the BTC price were to double in price (such as go to $180k-ish) in the next 6-ish months.  

It makes little to no sense for such a guy to be inclined to want to sell large amounts of his BTC stash, even if there might be some desires to start to sustainably withdraw from the BTC stash that the guy already has.  

Why would he need to (or want to) sell the quantity of his BTC beyond the sustainable withdrawal rate. Is there some reason?  What would he do with it?  Invest, consume or save? and if even if he wants to invest, consume or save, it seems better for him to just keep most, if not all of the value in BTC, unless he happens to not understand what he owns (which is possible - even if the guy had already been investing in bitcoin for 10-ish years).

[AuchanX]

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because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high.

This is a Misconception.The temptation to sell if you have more BTC does not apply to Everyone.What I understand is that the real issue here is not the amount of BTC, but the mentality and plan of the holder. Currently, there are many people who have a significant amount of BTC, but they do not sell even when ATH comes, but focus on saving more. Because they understand the characteristics of Bitcoin well. And they do not see BTC for short-term profit, but as a long-term value. Again, many people sell even if they have a small amount of BTC, as soon as the price increases slightly. In reality, greed or fear comes only when there is no clear goal and strategy. Those who have a clear plan to hold it in the long term. For them, tempting offers in the short term do not work.

Yep.  I cannot see why anyone holding BTC would be more motivated to sell his BTC merely because he has a lot of it and/or merely if the BTC price were to go up a lot in a short period of time (such as 3-6 months or maybe drug out going up for 12-18 months).

For sure, the more BTC that any guy has, then the more options that such guy would have in terms of whether or not to sell some or all of his BTC and/or how to manage the BTC that he happens to have.

If we use an example from earlier, and if a 50 year old guy with a $30k income had been accumulating bitcoin for the past 10-ish years, and if he currently has 30 BTC or more, yet he realizes that right now he really ONLY needed to have right around 13.976 BTC in order to sustain an $80k per year income forever and ever and ever (with 7% increases in the dollar value every year forever and ever), then the guy knows that he has twice as many BTC as he needs to have.. so he has extra BTC.  

Yet, why would such a guy be motivated to sell the extra BTC merely because he has extra?  

The guy has options and so for example, he could double his sustainable withdrawal income from $80k per year to $160k per year, if he were to want to do that, and/or he has other options that relate to his happening to have more BTC than he needs (or wants), and I don't see why such a guy would feel any kind of urgency to sell a lot of his bitcoin - merely because he has such BTC, even if the BTC price were to double in price (such as go to $180k-ish) in the next 6-ish months.  

It makes little to no sense for such a guy to be inclined to want to sell large amounts of his BTC stash, even if there might be some desires to start to sustainably withdraw from the BTC stash that the guy already has.  

Why would he need to (or want to) sell the quantity of his BTC beyond the sustainable withdrawal rate. Is there some reason?  What would he do with it?  Invest, consume or save? and if even if he wants to invest, consume or save, it seems better for him to just keep most, if not all of the value in BTC, unless he happens to not understand what he owns (which is possible - even if the guy had already been investing in bitcoin for 10-ish years).

I understand what you are saying..It would be difficult for me to remember all of your words together. In fact, I also think that those who think like this, >BTC price has doubled<> let's sell<This thinking actually comes from Fiat Mindset, not from hard money mindset. Because according to logic, Fiat is a terrible aspect of inflation. And even if he sells BTC, what will he do with that money?
Keeping it as Fiat means inflationary
Bonds means negative real yield
Real estate means illiquid + maintenance
Stocks means monetary debasement risk
As far as I understand,if there are no satisfactory answers to these questions, it is reasonable to hold BTC. If one can live sustainably from BTC, then there is no point in selling the principal.

[POPOLUV]

There is nothing wrong mixing up strategies when you have the enough leverages to do that, and I don't understand what you meant by it will lead to lack of concentration and a clear vision of your investment even when you have the financial strength to do so without struggling, one can be consistently buying Bitcoin with the dca, Lump sum and even buy the dip if all the preparations has been made at their convenient without seeing their investment as a burden and they have their other areas of life going well, it is all about what works for you or sit well for you as a person which might differ from that of others.

Doing DCA isn't something that everyone can do. It can be due to lack of awareness and maybe they do not have more money to invest in bitcoin. Regardless of whether anyone do DCA or invest in bitcoin at a single, the important thing is to believe in this investment and that bitcoin will move up but it can take time.

There are newbie investors who want to get rich quick and they do not like the price action as we have now like we pump a bit and then dump a lot more. Such things shouldn't make the investors panic sell or get bored out of this market. You need to be strong and believe in the long-term price action and that would be positive.

Yes of course if any investors or any newbies that want to embark on building his Bitcoin portfolio using DCA strategy should be the patient time because process were by DCA strategy is a means of buying small small requires more time and patience of any investors that want to use DCA strategy and if by any chance that any investors or newbies think of making quick money through Bitcoin investments in a short term period, such investors is really exposing him self into too risk and losing of income will be involved because a desperate heart also requires a desperate measure, so we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

[Jamestown70]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell because they lack knowledge and they don't know that is just a temporary thing but with the help of the basic knowledge they should be able to know and depict when the market is trying to fool or make them scared.

It is true that basic knowledge is important because without it, long-term investments in BTC will likely not go smoothly. Sometimes, when there is negative news, people panic and sell immediately, even though it is just a hoax because in reality, BTC always makes new all-time highs even when there is negative news.

However, based on the experience of some people, the reason why long-term investments in BTC are not sustainable is because the money used to buy BTC is not from discretionary income and is not money that is ready to be lost. That's why panic always occurs when the price of BTC drops, as people don't want the money they've invested in BTC to decrease.

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low, you don’t expect Bitcoin to just keep pumping and hitting ATH, there are times when price retraces after continuous series of hitting all time highs. If when the market retraces, you get panic attack and want to trade or sell your Bitcoin holdings then it’s obvious you’re working with a short term goal, and it’s not an ideal set up for an investor.

Yeah probably some might have invested more than their discretionary as you’ve said and there are many others that focused on investing their discretionary funds, mind you, from the early stage of your investment in BTC as someone with a long term goal, you might see your discretionary being invested as funds when lost wouldn’t really affect you, but as time goes on, and your discretionary is being stacked up for a long time you’ll realize it’s not something you can gamble with or let price retracement decide for you when to and when not to sell your Bitcoin holdings.
Try as much as possible to grow a thick skin over price movement and stick with using your discretionary funds to accumulate more Bitcoin via DCA.

[Futurexxx]

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all, along the line of your investment, you may seek further knowledge on what and what that needs to be put in place in other to be able to hold strong even when faced with real life emergencies or challenges.

What I would advice that you should be doing is listening and learning from sir jayguangee since he is not just a veteran in the space, but a well knowledgeable and informed one at that, instead of teaching people you should be learning from.

[Bigjoe33]

To be able to invest and hold for long we need the basic knowledge about Bitcoin so that an investor don't get carried away or scared when there's a negative wave in the market because sometimes this always make newbie panic and sometimes they sell

We cant learn possibly learn or gain all the basic knowledge of investing in bitcoin before we get started, nope, because you can't learn all at once, and waiting to learn vast might keep you away from starting your investment and/or delay you. The best is, if an investor has been able to figure out his discretionary income, then he can start investing using the DCA strategy, and surely, the more he is into Bitcoin investment, the more he would learn more and/or better ways to manage his income and ncome allocation, and striking a balance with his cash flow and investment weekly or monthly as the case may be. There are whole lot of things folks need to learn about Investments, and the better time to learn well and better is when you have already started investing.

we should not forget that using DCA strategy is not only the means of buying small small and not for  investors or newbies that doesn't have a bigger amount to invest with that only make of DCA strategy only but DCA strategy function as minimizing risk and assure all investors that they will not lose all they have invested with.

I don't really understand your point and what you are saying about the DCA, that DCA is not only the means of buying small small, or is it a mistake? The DCA allows you to buy Bitcoin in little fragments, as low as $10 either weekly or monthly, and makes investment less stressful and allows even low income earners to invest. Buying the lump sum and/or Dip may require more capital or income, but the DCA reduces such amount if you have your discretionary.

Secondly, your last sentence, I disagree with it, that buying with the DCA assures investors that they will not lose what they have invested. You should know that Bitcoin investment gives you no guarantee of reaping gains or enough gains at any possible timing since the price fluctuates, and that's makes it a risky investment. That's why we are advised to only invest with our discretionary income to avoid panic when the price begins to decline. Pls don't tell people or newbies such statements as that may mislead them to thinking that Bitcoin investment is an assurance or reaping gains once you invest, no! It's better you invest and Hodl for a long term and hopefully, the price might appreciate as it has proven over the years to be a store of value

[7juju]

That consistency power should come from you buying bitcoin regularly and not just maintaining one buying method. Buying bitcoin is the main thing that matters. You can explore all three methods of buying bitcoin and still be consistent. Each methods have it's own advantages, so imagine the position of your portfolio if you are combining all three methods. If you are financially capable, it is possible to maintain consistency with all three methods, just know when to deploy them and you are good.

When Bitcoin buyers are able to understand more methods for purchasing Bitcoin more regularly because they're financially stable, their portfolio will undoubtedly continue to grow without having to wait too long to accumulate a large amount of Bitcoin if each purchase is a fairly large amount on average. However, if you can't understand more methods for purchasing Bitcoin, or only understand one method for purchasing, I think that's not a bad thing for those who like to buy Bitcoin, as it's still much better than being a market spectator who doesn't dare to do anything in the current conditions.

This is because there are many people who have a lot of BTC because they bought it using multiple methods but were impatient and ultimately couldn't hold onto it for the long term. So, in my opinion, the most important thing is to hold onto BTC for the long term because the more BTC we have, the greater the temptation to sell it, especially when BTC hits a new all-time high.

So what you are saying is that we should be accumulating small bitcoin and hold even if we have the opportunity to accumulate a reasonable amount of bitcoin in our portfolio with same objective of holding for a long term? Your reason being that if we have a good amount of bitcoin we will be tempted to sell at ATH, your  logic don't make sense to me because you know that over the years the price of bitcoin keeps increasing. After every circle the price of bitcoin never remains the same as the previous circle. So if you have the opportunity to accumulate more bitcoin in your portfolio now why not do it? As someone who has already resolved resolved in his heart to hold bitcoin for the long term will not entertain any temptation of selling bitcoin even at ATH. It is you that will allow temptation to take over you, temptation won't take your bitcoin to the market and sell it, unless you do it. So if the temptation comes you overcome it, case close. if you sell your bitcoin, own up to your decision and don't blame any temptation. I will always choose buy more bitcoin when I have the opportunity, than using temptation to sell at ATH as an excuse why I am not accumulating more bitcoin.

[Umulala-alala]

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

Not only a brand new investor that does not need to wait for the dip before they can buy bitcoin but any investor that has not gotten to their accumulation stage shouldn't be waiting for the so called dip before they at least buy BTC, a no coiner or a low income earners has a strategy that can use so they can continuously be buying bitcoin so they can meet up with a good bitcoin portfolio within 4-10 years time and more and this strategy is the dca strategy they shouldn't think of the dip or waiting to buy the dip any time the dip comes it should come as an opportunity to stack more BTC.

[MusaPk]

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

It's like learning how to swim vs doing it practically. No matter how much theory or videos you go through on how to swim, you will practically learn it when you jump into water. Likewise no matter how much we study about Bitcoin, DCA or long term investment, we will get the real  experience once we jump with some cash.

Those who have no coins have to start from somewhere and for them the starting point is the time they decided to invest in Bitcoin regardless of Bitcoin price. Once they start gathering Bitcoin and set a target then they can buy more when they feel price has gone down otherwise they can continue to move towards their target with normal pace. It's important to stay consistent and never sell your Bitcoin for few bucks profit.     

 

[Abelly]

The mindset you adopt is arguably the most fundamental thing before investing in Bitcoin. Because investing in Bitcoin is crucial for thorough research and a long term goal. By having both strategies whatever you employ will be fine whether you simply wait for the price to drop or continue to DCA your Bitcoin this strategy will be profitable in the long run.

A brand new investor does not need to wait for the dip before he starts his bitcoin accumulation journey because that's a wrong accumulation strategy for a no coiner and a low coiner. DCA will do him more good in growing his bitcoin portfolio overtime because he's still new and needs to be accumulating bitcoin regularly, weekly, consistently, persistently and if possible aggressively for 4-10 years and above.

When you wait for the dip as a no coiner, you might end up not buying at all because you have no knowledge about the market movement and when the expected dip will come. You will end up waiting in the train station clueless on what to do and time will fly ahead of you with nothing or very little bitcoin that you bought cheaper in your portfolio.

Even if bitcoin is a long-term investment, the main goal is to accumulate as many bitcoin as possible for your future and waiting for the dip will thwart that goal.

Not only a brand new investor that does not need to wait for the dip before they can buy bitcoin but any investor that has not gotten to their accumulation stage shouldn't be waiting for the so called dip before they at least buy BTC, a no coiner or a low income earners has a strategy that can use so they can continuously be buying bitcoin so they can meet up with a good bitcoin portfolio within 4-10 years time and more and this strategy is the dca strategy they shouldn't think of the dip or waiting to buy the dip any time the dip comes it should come as an opportunity to stack more BTC.

Not Only SHould new investors Who have yet to build up savings wait for a craSh before buying Bitcoin But DCA is most effective for nocoiners and low-income people. If you buy BTC in small amounts on a regular bAsis, you Can build a good portfolio in 4-10 years not fearing a crash but an opportunity to Accumulate more BTC.

[Loyang]

The basic knowledge you’re talking about entails more than you’ve imagine, it’s not just buy and sell, you also need to understand the importance of highs and low,

When someone says that you must have a basic knowledge on Bitcoin investment before starting out, what do you think the person is talking about?
You don't need to know all that you are talking off, like high and low, what you just needs to know is how to buy and accumulate Bitcoin, using your discretionary income to carry it out that's all, along the line of your investment, you may seek further knowledge on what and what that needs to be put in place in other to be able to hold strong even when faced with real life emergencies or challenges.

What I would advice that you should be doing is listening and learning from sir jayguangee since he is not just a veteran in the space, but a well knowledgeable and informed one at that, instead of teaching people you should be learning from.

Most investors are not aware of why Bitcoin was created and the basic knowledge of Bitcoin. They only listen to the success stories of others and build a Bitcoin portfolio and hold it for a long time and then they start investing. But they never think about how much patience and consistency there is behind building a portfolio and there is risk. Without knowing all this, he starts investing and when the market falls, he panics and sells his portfolio.

We need to know the right information. Basic knowledge of Bitcoin does not only mean buying Bitcoin and making discretionary income. Basic knowledge of Bitcoin means what Bitcoin is, the risks of Bitcoin, transactions, etc. If we only know about buying Bitcoin and making discretionary income and if we start investing, then if the market ever falls, you can panic and sell your holdings.