Buy Buy Buy or Sell Sell Sell?

[Xackie]

If your monthly income is stable it's quite easy to implement a DCA strategy to buy Bitcoin without worrying about the right time. The reason is that you always have sufficient capital so you no longer have time to worry about what happens to market conditions, whether they are rising or falling drastically.

I don't know why you're getting it twisted, you don't need a stable income before you can invest into bitcoin and DCA. What you need is your discretionary income and you are good to go. I have seen a lot of people who have stable income but still cannot meet up to their monthly needs how will such people invest.

Someone might win a lottery or a jackpot and decide to invest part of the the money into bitcoin by using DCA. He can invest $100 weekly and spread it over several weeks and keep his bitcoin investment ongoing overtime. Same applies to a contactor whose income isn't stable, the moment he get paid he can use his discretionary income and spread it in several weeks with DCA. Financial management is very important when investing in bitcoin

It will be much easier if you know your source of revenue. Having a structure plan will make it easier to realize its potential. The level of your spending determines whether or not you will have available a description income. Someone who earns a lot of money steadily may not be able to get discretionary income because his spending is not well controlled, whereas someone who earns a lot less may be able to manage and set aside money to invest, allowing you to protect your investment and maintain your ability to hold bitcoin. When faced with hardship, be cool and focused.

I would put in a different way.. If you have more funds to go - you just need to use them correctly.

When you have less - you have much less ability to maneuver.

Technically, you don't need to have more funds before you would start your Bitcoin investment don't get it twisted buddy because you can literally invest in Bitcoin without more funds  because what is needed to invest in Bitcoin is our discretionary income and having less funds doesn't also matter mostly if you can figure out discretionary in that funds and this is why some people haven't invested in Bitcoin because of this your mentality and logic which is not correct.

You are right, Investing in Bitcoin doesn't require you to have a big amount of money before investing. Small amount and consistent accumulation works fine. A person with a small amounts can sit in a better position than that of a person who dumps big funds into Bitcoin and forget about it.  and that usually happens. Another thing that often annoys me is when I hear that someone is waiting for large funds before investing, they are literally wasting their time and opportunities. Progress starts with mindset not with your position size.

[Princess Leah]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

[JayJuanGee]

[edited out]

Thanks JJG for taking your time to dissect my post and giving me the correct meaning of what guarentee is in regard to Bitcoin investment, I appreciate your veteran advice and directions. I very much agree with everything you said centering on the fact that we cannot use past performances of Bitcoin to guarantee that it will always be profitable in the future. I guess my grammatical expression about the meaning of the word "guarantee" is where I got it wrong. My expression of the word didn't mean that I was implying that Bitcoin must be profitable in the future, I know better that, I merely meant that it has shown good potentials that it can be profitable in the future.

I hate to be nerdy, but sometimes our practice in a forum like this can help us to express ourselves more clearly and accurately, so that when we are speaking to people in our real lives, we can try to be accurate and not cause them to believe that we are exaggerating or to mislead them into higher levels of guarantees than are possible.

Sometimes we have to figure out ways of practicing how to say things, which one of my expressions is to proclaim that I think that bitcoin is one of the best, if not the best asset that anyone could invest into, even though the future is not guaranteed, so anyone investing needs to figure out how much they are willing to put into it, even if they might end up losing everything that they had put into it.

You might not be willing to say those things, yet I would imagine that sometimes, even in the real world, you end up talking with some friends and/or family about bitcoin, so you have to figure out ways to say things so that they understand what you are saying without getting mislead.

I know that there are some forum member (bitcoin holders) who purposefully avoid talking about bitcoin with people who they know in the real world.

An investor with short term target actually will buy bitcoin depend on the right moment exactly at down trend and selling later at the uptrend, get the opportunity buy bitcoin during the decrease moment and patience waiting when bitcoin have lower price.

And which moment did you think it's right for you to invest? Because majority of These investors who are into short term investment find it hard to figure out the right moment to make their entry, take for instance when the price of Bitcoin is at $85k, they might not see this as an opportunity reason been that they have this strong believe that the price will still fall below that amount, then they will just skip that amount and start expecting something lower than that, and that's how they will keep procrastinating until they miss the whole opportunities. To me the best approach is buying regularly without considering the market value of Bitcoin this is better off than  waiting  for a buying opportunity that would come and you start contemplating if you're to buy from the first dip or the second.

Very simple why traders/gamblers will find it definitely hard to find a right to buy Bitcoin, it's for sure because of the waiting for a perfect time and that's a dip. Some of them by now must have experienced tireless expectations and have just made decision to buy now before another unexpected happens and these has explained that now is the time to buy Bitcoin.

But the long term holders are in the driver's seat of the Bitcoin market. They will not pull the trigger until they reach their target and continue to accumulate Bitcoin until they reach an over-accumulation position. A very small number of traders make quick decisions and make more mistakes, and they blame luck on them. Those who fail to realize that now is the perfect time to buy Bitcoin will admit their mistake, but by then it will be too late. Because there is no way we will ever return to the price levels of 2010.

those who hold bitcoin for a long time are usually calmer in the market and do not make decisions based on emotion,they are not afraid of small price movements instead they buy slowly and move forward with a clear goal, this patience and discipline keep them in a strong position, on the other hand many traders want quick profits and enter the market with a buy today sell tomorrow mindset, because of this they make rushed decisions and when they face losses they blame luck or the market instead of their own mistakes, in reality most losses happen because of emotion and impatience, however it is also important to remember that no one can be completely sure that now is the perfect time,it is almost certain that bitcoin will never return to the price levels of 2010 because the market was small people knew very little and adoption was limited back then, now the situation is very different. but that does not mean prices will never fall or problems will not come,the market always moves corrections can happen and prices can also stay flat for a long time, another important point is that not everyone is mentally prepared to be a long term holder,some people need money some lack patience and some have limited risk tolerance, so instead of blindly following others the smartest choice is to understand your own financial situation mindset and goals,only with patience realistic thinking and discipline can someone survive in the long term...

For sure we cannot go back to 2010, and we don't even have to go all the way back to 2010 in order to recognize that investing in bitcoin would have had been difficult, even if we had somehow found out about bitcoin.

I suppose part of the fantasy of being able to buy bitcoin anytime between 2010 and 2012 would have had been able to get bitcoin for under $10 per coin, so in that regard, a mere $1k investment would have had resulted in more than 100 bitcoin.

We can pick any time frame after that and bitcoin had gotten progressively more expensive to buy, yet each time, they were still quite a bit lower prices than now.

We surely could go back various dates, including much of 2015, bitcoin prices were in the $250 neighborhood, so it would have had been a great time to buy, and $25k investment would have had gotten 100 BTC.

There were also a decent amount of time in 2022/2023 in which BTC could have had been gotten for $25k per coin, which would have still been $250k to buy 10 bitcoin.

We cannot go back to those earlier times, and so with the passage of time, it takes more capital and fewer quantities of bitcoin can be accumulated from the quantities of capital that might be able to be put into bitcoin.

It might be a bit of a waste of time to fantasize about the past, even though we might try consider how we might be able to get into bitcoin if we were to have a lump sum, or just to employ the more practical approach of ongoingly accumulating bitcoin through ongoing and persistent buying.

Trying to find a perfect bottom in order to buy bitcoin is one of the biggest mistake people make and due to this, two things usually happens.

There's no such thing as a perfect bottom. Even robots that input millions of variations can't predict it. The goal is to buy at the most favorable price possible. Isn't that what we all want? We try various methods to buy Bitcoin at a better price. Sometimes it works, sometimes it doesn't. But what matters is whether we've managed to accumulate enough Bitcoin in the long run. Sometimes we buy Bitcoin at a good price, sometimes at a slightly higher price, but if, by the end of the day, we've accumulated a decent amount of Bitcoin over the years, then we've done the right thing.

What about you LGD2Business? 

When did you start to get serious about your bitcoin accumulating?

We cannot turn the clock back, yet even a $30 per week investment in bitcoin since your registration date in April 2015 would have had resulted in right around $17k invested, yet around 9 BTC.  I am not sure if that would have had been enough for you, but there surely was enough time.

I know in some of your historical posts, you had seemed to have had gotten distracted into trading kinds of ideas, so surely there could pass years and years before a guy ends up getting serious in his bitcoin accumulation - even though starting later ends up resulting in higher costs per coin (and fewer coins too), yet none of us can turn back the clock, so we have to figure out how to start accumulating bitcoin once we figure out that ongoing accumulation of BTC would have had been the better of possible strategies.

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

Bitcoin's past performance should be almost irrelevant to beginners in any kind of meaningful way, since their goal should be just focusing on accumulating bitcoin - especially since presumptively a bitcoin newbie does not have any coin or they ONLY have small amounts of bitcoin in the low coiner territory. 

It seems that they might not need to think too much about the BTC price or where the BTC price had been for a whole cycle from the time that they start buying.  They just focus on ongoing buying of bitcoin for at least a whole cycle.

Sure the BTC price might end up going down after the newbie had already started buying bitcoin, so then they are in the red while they continue to buy bitcoin, so then it seems that they can try to pace themselves in terms of their DCA buys, whether weekly or otherwise.... yet if they have a lump sum amount that comes available to them at the beginning of their investment or after some time that they had already been buying bitcoin on a regular (perhaps weekly?) basis, then they might need to decide how they are going to allocate their lump sum in terms of buying right away, DCAing and/or buying on the dip.

Newbie investor also might have funds that they can move from other investments into bitcoin and the same dilemmas are present in regards to whether to buy right away, DCA and/or buying on dips.

So surely the more that newbies invest into bitcoin, then the more they might consider if they might be able to change any aspects of their BTC accumulation strategies along the way, and if they start to begin to feel that they had invested enough into bitcoin in light of other aspects of their personal factors including any other investments they might have, then they may well consider if they might want to modify their bitcoin accumulation approach - even though as a general observation, a decent amount of normal people don't have very many investments, so when they invest into bitcoin it might be fair to presume that many normal people do not have much if any other investments..

[Onyeeze]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

when accumulating a Bitcoin you don't need when the price of Bitcoin will decrease before you buy a Bitcoin or before you accumulate the Bitcoin, if your capital is available how will I device you to buy your bitcoin at any time but if you feel that is good for you to buy Bitcoin when the price is low it will be better for you too buy a Bitcoin, I know that the perfect time to buy bitcoin is during money it is on DCA, but you should not be waiting as I said earlier when the price will be on DCA before you buy.

[Female King]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

when accumulating a Bitcoin you don't need when the price of Bitcoin will decrease before you buy a Bitcoin or before you accumulate the Bitcoin, if your capital is available how will I device you to buy your bitcoin at any time but if you feel that is good for you to buy Bitcoin when the price is low it will be better for you too buy a Bitcoin, I know that the perfect time to buy bitcoin is during money it is on DCA, but you should not be waiting as I said earlier when the price will be on DCA before you buy.

How do you write without reading carefully what you wrote I don't really understand what you are putting up here, accumulating bitcoin when is low isn't bad but waiting for the price to get low before you can accumulate is what i see that is wrong because you may mostly not be buying bitcoin since the dip doesn't come all the time, the right to accumulate bitcoin is when their is a discretionary income to purchase for not waiting for the dip to before you can accumulate use the DCA strategy because you will be buying at any price consistently until you have gotten to your bitcoin accumulation point then you can consider waiting for the dip before accumulating bitcoin.

[Joeboy]

when accumulating a Bitcoin you don't need when the price of Bitcoin will decrease before you buy a Bitcoin or before you accumulate the Bitcoin, if your capital is available how will I device you to buy your bitcoin at any time but if you feel that is good for you to buy Bitcoin when the price is low it will be better for you too buy a Bitcoin, I know that the perfect time to buy bitcoin is during money it is on DCA, but you should not be waiting as I said earlier when the price will be on DCA before you buy.

There is absolutely nothing like "buying when price will be on the DCA". There are three main strategy of accumulating Bitcoin which are DCA, Buying dips and Lump sum....DCA happens if not the best amongst them all, coz DCA lessens the stress of folks timing the market, with DCA you just go on to make you buy irrespective of the price of Bitcoin...

And for the record the best time to buy Bitcoin is when your discretionary income is available....It is better to start with whatever the size of discretionary income you have and along the way make flexible increment than for you to keep wasting your time by waiting until you achieve perfection in your finances

[MusaMohamed]

For sure we cannot go back to 2010, and we don't even have to go all the way back to 2010 in order to recognize that investing in bitcoin would have had been difficult, even if we had somehow found out about bitcoin.

I suppose part of the fantasy of being able to buy bitcoin anytime between 2010 and 2012 would have had been able to get bitcoin for under $10 per coin, so in that regard, a mere $1k investment would have had resulted in more than 100 bitcoin.

We can pick any time frame after that and bitcoin had gotten progressively more expensive to buy, yet each time, they were still quite a bit lower prices than now.

We surely could go back various dates, including much of 2015, bitcoin prices were in the $250 neighborhood, so it would have had been a great time to buy, and $25k investment would have had gotten 100 BTC.

There were also a decent amount of time in 2022/2023 in which BTC could have had been gotten for $25k per coin, which would have still been $250k to buy 10 bitcoin.

We cannot go back to those earlier times, and so with the passage of time, it takes more capital and fewer quantities of bitcoin can be accumulated from the quantities of capital that might be able to be put into bitcoin.

It might be a bit of a waste of time to fantasize about the past, even though we might try consider how we might be able to get into bitcoin if we were to have a lump sum, or just to employ the more practical approach of ongoingly accumulating bitcoin through ongoing and persistent buying.

We can not go back to the past but what happened in the past are recorded in Bitcoin history for reference anytime we want. Very cheap prices in the past won't return, and super high ROIs for investment like in past years and cycles won't return. It's fact and it's part of the Bitcoin market growth and maturity and we all should feel happy with that. With better adoption, more maturity of Bitcoin market, we will have safer opportunity for investment in Bitcoin than people who took higher risk with their investment in Bitcoin in earliest years of this cryptocurrency existence.

There is absolutely nothing like "buying when price will be on the DCA". There are three main strategy of accumulating Bitcoin which are DCA, Buying dips and Lump sum....DCA happens if not the best amongst them all, coz DCA lessens the stress of folks timing the market, with DCA you just go on to make you buy irrespective of the price of Bitcoin...

And for the record the best time to buy Bitcoin is when your discretionary income is available....It is better to start with whatever the size of discretionary income you have and along the way make flexible increment than for you to keep wasting your time by waiting until you achieve perfection in your finances

DCA strategy if is applied like it is, does not require "challenges" like waiting for dips, lump sum purchases and I call them as challenges because it's very hard for newbies in this market to actually do purchases when the market is volatile with dips. It is even very challenging with people who are in the market for a long time but are bad at controlling their emotions in this market.

DCA strategy should be used as it is, just buying with time without big question like which price is best for buying. If people want to do something different than that, they are going beyond DCA strategy and can fall to bad decisions later.

[CryptoYar]

[...]

Belief that you should buy Bitcoins on best possible day is trick because best action is to buy with extra money when you have it. You start using your extra cash, or money that you have left after paying bills, to quit betting on charts and instead starting healthier money habit that is much less stressful.
Waiting for your money to be just right or prices to fall fails most of time as those who choose to wait will lose more money in lost wins than what you would have saved by actually finding slightly better starting point. Best stress free way is Buying with DCA which helps you to protect against making error of investing all in athigh price, while Investing All at Once is best plan to use when you want to use as much market time as you can. So superpower of treating Bitcoin as normal bill, you pay to yourself in future, even with just 10 dollars is answer that will take away fear of trying to time market and allow you to become richer over time.

[cocadalcan]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

when accumulating a Bitcoin you don't need when the price of Bitcoin will decrease before you buy a Bitcoin or before you accumulate the Bitcoin, if your capital is available how will I device you to buy your bitcoin at any time but if you feel that is good for you to buy Bitcoin when the price is low it will be better for you too buy a Bitcoin, I know that the perfect time to buy bitcoin is during money it is on DCA, but you should not be waiting as I said earlier when the price will be on DCA before you buy.

To do DCA, you don't have to be too dependent on price fluctuations. You set a time frame for accumulation Bitcoin regularly, it could be 4 years or 8 years or 10 years. It would be right for you to allocate discretionary income to do this method and continue buying until that time frame. Even if you don't have cash funds, you can go to an impressive level of investment with the DCA method. Even if you are a poor investor you can gradually improve your financial situation through this method of accumulation Bitcoin.

[alankasman]

To do DCA, you don't have to be too dependent on price fluctuations. You set a time frame for accumulation Bitcoin regularly, it could be 4 years or 8 years or 10 years. It would be right for you to allocate discretionary income to do this method and continue buying until that time frame. Even if you don't have cash funds, you can go to an impressive level of investment with the DCA method. Even if you are a poor investor you can gradually improve your financial situation through this method of accumulation Bitcoin.

I don't think someone with long-term goals will mind price fluctuations because they fully understand what will happen if they invest in Bitcoin long-term. This is certainly only a concern for beginners who are still hesitant about long-term investments because they don't fully understand what happens when investing in Bitcoin long-term. I think price fluctuations are perfectly normal for beginners. As beginners over time, they will certainly understand and be impressed by how to invest in Bitcoin using the DCA method so they will also do it to accumulate Bitcoin in the long term regardless of what they know as beginners based on the experience they have gained.

[Solokan]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved. However, sometimes many people wait to buy BTC when the price drops, but the price of BTC does not drop as desired, and in the end, they sometimes decide not to buy because the price of BTC continues to rise. If you're interested in long-term BTC investment, it's better to just buy it right away because in the future, BTC will definitely have the potential to rise significantly.

But your words remind me of my experience when I knew nothing about BTC and always waited for the price to reach $11k, but I never bought it. I only recently found out from this forum that when investing in BTC for the long term, you don't need to look at the price when buying BTC and accumulating it. However, if you're trading BTC, it's more appropriate to buy BTC at a low price to make a profit by selling it when the price is rising.

[Silikiem]

Yes, buying bitcoin when the price is down is undeniably very tempting, because we certainly have the opportunity to get bigger profits. But in my personal opinion, this is not relevant for long-term investors, because if long-term investors in bitcoin decide to wait for the price to drop to buy bitcoin, they will definitely lose time and momentum. Therefore, at this point, we should remain calm and focused so that our Bitcoin investments can proceed smoothly. For beginners who are just starting to invest in Bitcoin, you must act quickly to acquire your desired amount of Bitcoin. Do not be influenced by trading, as the risks are high. Just invest in Bitcoin, and I am confident that everything will be fine.

It shouldn't be tempting especially when you're using the DCA method cause you're buying consistently and would definitely come across several periods when the market is down with that method so there's no need to wait for the market to go down before buying, this is what some investors don't really understand.

 Beginners are the ones who should take the DCA more seriously, cause they're starting to buy when the proce have gone higher and should be very consistent with their accumulation and not use strategies that would make them miss buying opportunities, there's nothing like a perfect dip and the more they keep waiting the more opportunities they might miss.

when accumulating a Bitcoin you don't need when the price of Bitcoin will decrease before you buy a Bitcoin or before you accumulate the Bitcoin, if your capital is available how will I device you to buy your bitcoin at any time but if you feel that is good for you to buy Bitcoin when the price is low it will be better for you too buy a Bitcoin, I know that the perfect time to buy bitcoin is during money it is on DCA, but you should not be waiting as I said earlier when the price will be on DCA before you buy.

It’s not just because you feel you have money and  you pack all of them to buy bitcoin. It’s not just called capital, are you sure that this money you’re using to buy and invest in bitcoin is the money you can afford to lose, have you sorted out your basic financial obligations or needs, you don’t just invest with money in bitcoin but rather you invest with a discretionary income which is the money left with you after sorting out your major primary or basic financial obligations. Buying bitcoin at a much reduced price is an opportunity and I’m sure everyone will be happy to get such opportunity, but sitting down doing nothing and waiting for such opportunity to come before buying bitcoin is totally illogical and wrong mindset. As a long term investor, it’s better to focus on figuring out a discretionary income to use and buy bitcoin regularly even while you’re waiting for the opportunity to buy in a more reduced price and if such opportunity comes you will only take advantage of that to buy even more at such a reduced price if you have the reserve funds, but if not you just focus and continue with your ongoingly DCA.

[Barikui1]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

[Popkon6]

You are right, Investing in Bitcoin doesn't require you to have a big amount of money before investing. Small amount and consistent accumulation works fine. A person with a small amounts can sit in a better position than that of a person who dumps big funds into Bitcoin and forget about it.  and that usually happens.

That is why investing in Bitcoin by following the DCA method on a regular basis is the best strategy, it is most important to use a strategy in Bitcoin investment, where if an investor buys Bitcoin regularly, he will be able to buy dips in the market constantly, which will save the investor a lot. However, it is best to invest with prudent income, and every time you buy Bitcoin, you will save money.

Another thing that often annoys me is when I hear that someone is waiting for large funds before investing, they are literally wasting their time and opportunities. Progress starts with mindset not with your position size.

Investing in Bitcoin certainly took advantage of the opportunity, but those who wait are basically afraid to invest if they do not have the courage to accept it. In their case, they should invest in Bitcoin by following the DCA method with as much money as they can afford to lose with a small amount of money. Because by following the DCA method, the risk is greatly reduced, as a result of which the Bitcoin investor is able to maintain his investment for a long time.

[Hardyrobust]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

yes buying the dip isn't a bad strategy but waiting for a dip is something that is wrong. Waiting for a dip kills opportunity to buy them and this something that is not good for a low or no coiner. As a low or no coiner the main focus should be on continuous accumulation of bitcoin and not waiting and missing out in market opportunities. Every strategy has there advantages as well as there disadvantages.

[Grace333]

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

Yeah, you’re right. Most especially if you’re a newbie and a no coiner, focus on accumulating more instead of waiting on the dip, because you’ll never know the perfect dip, and even if the dips comes you’ll be filled with uncertainty whether the market will dip more than it present price. That money you’ve stack up in fiat to buy the dip, start using bit by bit to accumulate Bitcoin, along the line while accumulating you might buy the dip you’ve anticipate for, you never know.

[ASloveapg]

Indeed, many people who want to buy BTC always wait for the price to drop first because they want to get a large amount, and that is very good if their goal is achieved.

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

yes buying the dip isn't a bad strategy but waiting for a dip is something that is wrong. Waiting for a dip kills opportunity to buy them and this something that is not good for a low or no coiner. As a low or no coiner the main focus should be on continuous accumulation of bitcoin and not waiting and missing out in market opportunities. Every strategy has there advantages as well as there disadvantages.

It is better to buy Bitcoin at the lowest possible price, because the cheaper we can buy Bitcoin, the better our profit will be after the price increases, but when we start waiting for the dip to buy, it will be a completely wrong strategy. And if we want to invest with this kind of mentality, our investment will never be successful, but over time we will only keep falling behind, because we will never be able to invest at the price we expect, because the price of Bitcoin will never move according to our expectations. Buying dips is good, but we have to keep buying dips as a site strategy in addition to a consistent strategy, but for investment, we must first determine a consistent strategy, and be consistent with this strategy.

[Regardme]

Dip buying is not bad, but where it's bad is when you are waiting before buying, that's why I believe that it's very wrong and myopic to be waiting for a dip before buying,  because you are likely going to miss a whole lot of buying opportunities that may comes along during your waiting period. And it's even more unwise if you have low or no stash at all , because that time you are wasting and using to wait for a dip can be used to accumulate consistently either weekly or monthly, then when their is a dip in the market, you may choose to buy aggressively then if you have a reserve funds in place, but waiting to buy only the dip is not encouraging because you can't accumulate a huge stash of Bitcoin like that, since no one can predict perfectly well the next move of Bitcoin now , tomorrow or in the future.

Yeah, you’re right. Most especially if you’re a newbie and a no coiner, focus on accumulating more instead of waiting on the dip, because you’ll never know the perfect dip, and even if the dips comes you’ll be filled with uncertainty whether the market will dip more than it present price. That money you’ve stack up in fiat to buy the dip, start using bit by bit to accumulate Bitcoin, along the line while accumulating you might buy the dip you’ve anticipate for, you never know.

Well spoken… It’s obvious that the bitcoin market doesn’t go as expected or planned. You might literally be waiting for dips and bitcoin pumps hard while you’re still on the wait or maybe the dip never comes and at that point you become frustrated.

Knowing too well that the bitcoin market is unpredictable, then DCAing becomes one of the best strategies of accumulation where you won’t be needing to predict bottoms. Yes, buying when there’s dip is not bad but it should be a supplementary tactic of buying aggressively, at that point one can use extra discretionary cash in accelerating bitcoin accumulation depending once capability.

[ZeroVinsonN]

It’s not just because you feel you have money and  you pack all of them to buy bitcoin. It’s not just called capital, are you sure that this money you’re using to buy and invest in bitcoin is the money you can afford to lose, have you sorted out your basic financial obligations or needs, you don’t just invest with money in bitcoin but rather you invest with a discretionary income which is the money left with you after sorting out your major primary or basic financial obligations. Buying bitcoin at a much reduced price is an opportunity and I’m sure everyone will be happy to get such opportunity, but sitting down doing nothing and waiting for such opportunity to come before buying bitcoin is totally illogical and wrong mindset. As a long term investor, it’s better to focus on figuring out a discretionary income to use and buy bitcoin regularly even while you’re waiting for the opportunity to buy in a more reduced price and if such opportunity comes you will only take advantage of that to buy even more at such a reduced price if you have the reserve funds, but if not you just focus and continue with your ongoingly DCA.

The mistake of buying bitcoin outside of our discretionary income has led to alot of people selling too early and at a loss, something that could have very easily been avoided if they had employed common sense and invested with their discretionary knowing fully well that they would be able to get anything out of their investment anytime soon, maybe what pushes them to buy outside of their discretionary income is probably because they took want to sell early so they are trying to maximize profit over very short periods of time but they fail to understand that the market can not be predicted and with bitcoin's volatility a price drop can happen at anything and then what this happens the panic and become unable to hold themselves back so they end up selling in order to minimize their losses.

[Princess Leah]

You are right, Investing in Bitcoin doesn't require you to have a big amount of money before investing. Small amount and consistent accumulation works fine. A person with a small amounts can sit in a better position than that of a person who dumps big funds into Bitcoin and forget about it.  and that usually happens.

That is why investing in Bitcoin by following the DCA method on a regular basis is the best strategy, it is most important to use a strategy in Bitcoin investment, where if an investor buys Bitcoin regularly, he will be able to buy dips in the market constantly, which will save the investor a lot. However, it is best to invest with prudent income, and every time you buy Bitcoin, you will save money.

Another thing that often annoys me is when I hear that someone is waiting for large funds before investing, they are literally wasting their time and opportunities. Progress starts with mindset not with your position size.

Investing in Bitcoin certainly took advantage of the opportunity, but those who wait are basically afraid to invest if they do not have the courage to accept it. In their case, they should invest in Bitcoin by following the DCA method with as much money as they can afford to lose with a small amount of money. Because by following the DCA method, the risk is greatly reduced, as a result of which the Bitcoin investor is able to maintain his investment for a long time.

It's not about being afraid cause if they were afraid they've not have invested, most people who wait for the dip are those who wants to take profits on a short-term, they have the mentality or traders, whereby they wait for the market to fall, buy and then take profits, but that's not a healthy way of investing, infact they shouldn't be called investors but traders.

 Real investors are those who hold and buy consistently for a longer period those who remain patient despite all odds. Real investors are not cartied away by short-term gains and won't allow it to hinder their goals but wait patiently to achieve better reward.