Buy Buy Buy or Sell Sell Sell?

[gracreavix]

Obviously time to buy more especially when the market is down.  Selling now is not even an option for me , because right now I’m quite in loss but still won’t panic (but me of then would have lol) but after the know have acquired sofar this is just a phase bitcoin still going to bounce back , and bitcoin movement is so unpredictable.

Buying Gold is not bad though, especially when come diversifying. But time like this focusing on Bitcoin will be beneficial, buying now will give more quantity.

Yes, Bitcoin is currently at a very low price,, and that's why we shouldn't miss this opportunity to buy more Bitcoin.

I get your whole buy the dip talk, and yeah, it makes sense to take advantage of moments like this.  But honestly, it shouldn’t sound like the Bitcoin dumping should be the main reason someone is interested in Bitcoin..

If the only motivation is buying low, then what happens when Bitcoin is no longer cheap ? ?  When price is high, like 90 or above 100k for example, that same person might start hesitating, because their mind is stuck on the idea of “I bought at 65k, so buying now feels wrong.”  I feel that kind of mindset would lead to inconsistency..

The mindset that really works with Bitcoin, in my opinion, is long term wealth preservation and accumulation.  Seeing Bitcoin as something you are willing to hold across several cycles.  That is what pushes you to actually sit down and create a real Bitcoin investment plan, one that can last at least a full cycle, or maybe even 10–20 years, depending on you and also your understanding.

Strategy like DCA would go perfectly into this. You are buying Bitcoin regularly, not trying to time the market. And the funny thing is, with this kind of plan, you still benefit when Bitcoin dips, without even stressing yourself.

For example, let us say you started buying Bitcoin at around $100k, putting in $150 weekly. At that price, your average buy gives you roughly 0.0015 BTC.  Now fast forward to a dip like this, where Bitcoin is around $65k, and you stick to the same weekly buy. That same amount now gives you about 0.0023 BTC.

So sticking to an accumulation plan does not mean you are ignoring the dip. You are actually taking advantage of it naturally, just by being consistent.

I'm sure Bitcoin's price will rise again after this. It's already starting to climb back up,, a clear sign that Bitcoin will rise again. That's why we should buy more Bitcoin now. When else can you buy Bitcoin at this price? It's possible that the current price won't be touched again by Bitcoin in the future. Therefore, capitalizing on this momentum is the right move. I also just accumulated Bitcoin yesterday, and it's five times my usual value.

The way you’re sounding now is like you’re too certain about what Bitcoin will do next, and that can be risky.  You should not be so convinced that Bitcoin must go up that you start putting money into it that is actually meant for something else.

Yes, we can be optimistic yes. Bitcoin has proven itself over time, and history shows that it recovers and makes new highs. But that belief should not blindly be the motivation. Because what if you start buying aggressively now and price drops further? How would you handle that mentally and financially?

Yes It’s okay to take advantage of the drop if you’re capable and it fits your plan, but it shouldn’t be driven by certainty or FOMO. Stay balanced and stick to what you can afford..

[Princess Leah]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

[Yablee0]

If you are scared about bitcoin investment why do you get yourself involved because your investment is being guided by your mindset, you can easily be manipulated and influenced even get scammed because you are not sure of what you want, that is why you need to be self confidence and be strong when investing in bitcoin, or is it that they are not investing with their discretionary income but loans and your monthly income and so being scare of losses because that is the only reason one can be scared of bitcoin investment.

Most dudes that get their self involved in Bitcoin investment regardless how furious they are is because their first intentions wasn't to stay long on the investment plan but to  take quick profits but when things didn't go as planned they become more skeptical and want sell off at every given opportunity. However, Bitcoin investment remains consistent in rewarding those that are patients and very consistent in their holding's not people that always want to claim they're way more faster than their shadows.

Being scared means you are not following the rules of bitcoin investment or you don't really understand it, then you have to be more knowledgeable  to build your confidence in bitcoin.

Am not really sure that's the case because no one will want to risk his funds for some stuff he knows nothing about, I just think they aren't just ready for it, hence you are ready and determine that you want to kick off and investment deal you should be pretty ready for the potential risks involved. No investment is totally risk free, you must be ready to take the risk otherwise you remains stocked in a place without moving ahead.

[clifaduna]

When it comes to age, I think this is something that needs to be taken into consideration, because when investing in bitcoin, we definitely need to be able to hold onto our bitcoins for at least two cycles. So when an elderly person starts investing in Bitcoin,, I think that's fine, but what needs to be considered is that once they have purchased Bitcoin in a lump sum or through DCA, I think it is mandatory to inform their family of their Bitcoin wallet phrase. That way, if the elderly person passes away, their children or spouse will still be able to access the Bitcoin. Because if this is not done, what will happen when the elderly person passes away and no one knows their Bitcoin wallet phrase?? The Bitcoin will definitely be unusable. Therefore, I believe informing their closest family members about their wallet phrase is highly appropriate as a precautionary measure in case of unforeseen circumstances.

I am not in favor of telling the seed phrase directly to any family member. Because giving the seed phrase means giving access to the wallet. Whoever is can transfer Bitcoin from there if they want. Even if they are a family member, there are still some problems. Misunderstandings, strained relationships are very natural. That is why I think the seed phrase should be kept in such a way that after death, his family member will find it. For example, he can write it on paper in a locker, which his children or family members will naturally have access to after death. And if they see his seed phrase there, they will be able to access that asset. So the Bitcoins will not be fridge after death.

Yes, that's quite reasonable, but what if the children don't know or suspect that their parents are investing in Bitcoin? So, of course, they won't suspect anything or find out anything about it. Furthermore, what if the children don't know about Bitcoin? It would certainly be even worse, and perhaps even if they found the wallet phrase, they would think it was nothing and might throw it away. So that's why I say that telling them about the wallet phrase is definitely not a bad thing, especially for elderly parents. And if giving them the wallet statement is too extreme, perhaps telling the children that their parents are investing in Bitcoin might be a better solution. So, with that in mind, when their parents die, the children will definitely look for the wallet phrase.

You're right, children may not even realize that their parents have invested in bitcoins. And then a " bad surprise" happens, parents can either get sick or, what's scary, get sick, and all this digital value just disappears. Because without a seed phrase from a crypto wallet, you can't get to your saved funds.

I seriously think it's necessary to think in advance about how the family will be able to access these assets after your death. Otherwise, all this wealth will easily disappear into oblivion , literally disappear into the blockchain.

Imagine: you've been saving up cryptocurrency for years, and then something happened ‑ and your loved ones don't even know which side to approach. There are no keys, no hints, no clue where to look. That's it, period. There is money, but there is no access.

So it's better not to leave it to chance. Think about where and how to hide or write down the seed phrase so that it is definitely found; it was found by exactly the right people; it did not fall into the wrong hands ahead of time.

It's like a cache of important information, only digital. And it depends on how well you organize it, whether your family will receive what you have accumulated for them.

[Kelward]

Being scared means you are not following the rules of bitcoin investment or you don't really understand it, then you have to be more knowledgeable to build your confidence in bitcoin.

Someone don't need to be much knowledgeable or know everything about bitcoin to be able to build confidence in bitcoin. You don't have to build confidence in bitcoin before investing it's just flimsy excuse to justify why you haven't invested yet. If you have discretionary income, money you can afford to lose then you begin investing As you are investing you will develop confident in bitcoin and your knowledge will increase over time.
Furthermore you can't build confident when your scared  Confident in bitcoin is build from eliminating fear and begin investing with discretionary income, otherwise may end up not investing at all.

If you have prior knowledge and confidence about Bitcoin before entering into it's investment then it's a plus for you because you don't have to worry about market uncertainties like watching the value of your Bitcoin decrease when it's in dip. But if you don't have any experience it doesn't stop you from hopping on and gradually start to gain knowledge and confidence as you are buying.

Before starting your Bitcoin investment you must have heard from somewhere that it is a profitable asset to invest in, that is still a level of confidence because it is unwise to put your money into something that you totally know nothing about. If we were to be going into investments blindly without getting any information about it then we can't blame those that use their hard earned money to buy shitcoins. A level of information is very important before venturing into any investment so that you don't end up in a scam project.

[POPOLUV]

Now, this is the main point for someone in doing anything related to the activities we do namely ensuring the state of our income so that in the future when we have started there will no longer be or no longer think about the basic ingredients. One of the activities is investing in Bitcoin. Because when we invest in accumulating BTC of ​​course the first thing in doing so is to ensure our income so that there is no deviation from our needs. However with more income of course investing will be easier because there is no longer any reason not to do this because before starting of course we have thought about preparing everything because sometimes we invest in a long-term way so without there being any income that is more difficult to wait for results over a long period of time.

You only need your discretionary income to start your bitcoin investment even though, it's not regular. Any bitcoin that you have bought with your discretionary income, if you're serious you wouldn't sell it but hodli until you're capable of getting a stable discretionary income to keep your bitcoin accumulation ongoing with DCA.

There are some people that has income but don't have discretionary income therefore, having an income isn't a guarantee that you can invest in bitcoin and hodli for long because if you use money for your needs to invest, you will sell when your needs arises since you are gambling and not investing.

You have just said it all and if any investors is still holding on because his/her discretionary income doesn't come to them regularly, such an investors are taking a wrong decision right from time, so as an investors you always grab any opportunities that comes your way and it doesn't matter if you buy Bitcoin regularly or not but what matter most is your mindset of focusing to buy anytime you have the opportunity with your discretionary income should never be discourage from buying in that particular time or just because some of the investors due buy Bitcoin in a regular bases,and still remain focused from your little beginning with the DCA strategy and which you leave to tell the story how you started small and make it big through investing in a long term.

[Agbam]

I think fear is natural, but if we keep learning, we can gradually reduce that fear. Experience also plays a big role in lessening fear in investing. However, I don't think it can be an excuse for anything, especially if we are investing with discretionary income that won't affect our lives. This way, whatever happens to our investments, it won't lead to a life of hardship. So, I believe we should keep learning and doing many things to gain experience so that fear doesn't prevent us from continuing to invest.

You're Right, Fear Is completely natural and it's very normal when It comes to investing in a risky asset like Bitcoin. But I Believe that if a person has good Discretionary Income then the Fear is non-existent or minimised. If a Person Is investing 5-10% of his discretionary income then if he loses all of it he won't be that affected by it,but if he uses all of his discretionary income then it will be very hard for him to not react to market not going his way. A person uses 5-10% of his discretionary income when it's Big but uses All of it when discretionary income is less or not built. I don't believe in Waiting for Building a discretionary income and wasting your time of exposure in the Market But we are talking about fear right now, so if a person builds a big discretionary income that it's 5-10% Is a good amount than a person will be able to invest without fear and earn good on the little risk too. But I believe in life A little Risk and Fear is needed in order to become successful. Waiting for a discretionary income to build up whose 5-10% is a large amount must waste a lot of time and will be the reason many opportunities may slip out of our hand. So a little Fear and Risk should be Present in Our life if we want to Go big and be successful in our life!!

Investing 5-10% of your discretionary income is overly whimpy..

Maybe think about investing 30% to 70%, depending on the extent to which you are also still building up your back up funds.

If you are ONLY investing 5% to 10% of your discretionary funds, then what are you doing with the other 90% to 95% of your discretionary funds?  Consumption?  

Of course, you can do what you like, yet being whimpy is a choice that you seem to be making if you are only investing 5% to 10% of your discretionary funds into bitcoin.  You are safe, but you might end up staying poor forever.

Maybe I could two comparative examples to help?

Let's say that a guy came into bitcoin 10 years ago and he was in his late 20s, and so he had an income of $30k per year ($2,500 per month) and he had expenses that tended to be $1,500 per month.  That left him with $1k per month discretionary funds. Right now, the guys is in his late 30s... .Here are two possible places

Outcome 1 - invested 43.3%    of his discretionary income into bitcoin:
1) The guy invested $100 per week into bitcoin, which was $5,200 per year (which was 17.3% of his income and 43.3% of his discretionary funds).  
2) Up until now, he invested $52,300 into bitcoin, and right now his total BTC stash is 14.134.  
3) Right now, based on a 200-WMA valuation of $820k, a 14.134 BTC stash would support a sustainable annual income of $82k with a 7% increase in the dollar amount each year.

Outcome 2 - invested 7.5%    of his discretionary income into bitcoin:
1) The guy invested $17.31 per week into bitcoin, which was $900 per year (which was 3% of his income and 7.5% of his discretionary funds).  
2) Up until now, he invested $9,050 into bitcoin, and right now his total BTC stash is 2.45.  
3) Right now, based on a 200-WMA valuation of $142k, a 2.45 BTC stash would support a sustainable annual income of $14.2k with a 7% increase in the dollar amount each year.

Which outcome would you have had preferred?

Sure, when it comes to investment amounts that guys might choose, there are variants of whimpy versus aggressive, and past performance does not guarantee figure performance... and so far in bitcoin's history, bitcoin has tended to reward the persons who had errored on the side of accumulating it and holding it.

Yes I’m agreeing with you and the analogy you gave, of a truth being whimpy or aggressive depends on the investor as we’re all free to choose what happens with our discretionary income but it’ll be best to utilise it to good use by investing a big or bigger percentage into bitcoin than buying whimply or spending it on consumptions and relaxations.

To be a better successful investor we have to be aggressive when we can, buying whimply can only keep you in the market but wouldn’t take you very far.

[Cgrexp]

Now, this is the main point for someone in doing anything related to the activities we do namely ensuring the state of our income so that in the future when we have started there will no longer be or no longer think about the basic ingredients. One of the activities is investing in Bitcoin. Because when we invest in accumulating BTC of ​​course the first thing in doing so is to ensure our income so that there is no deviation from our needs. However with more income of course investing will be easier because there is no longer any reason not to do this because before starting of course we have thought about preparing everything because sometimes we invest in a long-term way so without there being any income that is more difficult to wait for results over a long period of time.

You only need your discretionary income to start your bitcoin investment even though, it's not regular. Any bitcoin that you have bought with your discretionary income, if you're serious you wouldn't sell it but hodli until you're capable of getting a stable discretionary income to keep your bitcoin accumulation ongoing with DCA.

There are some people that has income but don't have discretionary income therefore, having an income isn't a guarantee that you can invest in bitcoin and hodli for long because if you use money for your needs to invest, you will sell when your needs arises since you are gambling and not investing.

You have just said it all and if any investors is still holding on because his/her discretionary income doesn't come to them regularly, such an investors are taking a wrong decision right from time, so as an investors you always grab any opportunities that comes your way and it doesn't matter if you buy Bitcoin regularly or not but what matter most is your mindset of focusing to buy anytime you have the opportunity with your discretionary income should never be discourage from buying in that particular time or just because some of the investors due buy Bitcoin in a regular bases,and still remain focused from your little beginning with the DCA strategy and which you leave to tell the story how you started small and make it big through investing in a long term.

Individuals with complex cash flows should have more floating cash. While it may be difficult for them to invest regularly, everyone needs to find a way to start investing in Bitcoin. This will require considering their comfort level, necessary expenses, ways to increase income, and ways to limit expenses. Some investors may be unclear about discretionary income and its amount, but if they have sufficient cash flow, they will realize that they have discretionary income. Sometimes it is necessary to take the time to review various income and expenses, so as to determine how much of their discretionary income is available for investment. It is better to resolve any financial and emotional issues before investing. Any ambiguity can affect an investor’s discretionary income and ability. Therefore, it is advisable to start investing as soon as you determine your discretionary income. Be realistic, just starting is not enough. It is important to have income and expense projections to determine the amount of investment. This could be $10 per week, $100 per week, or another comfortable amount that will not put pressure on the investment.  Additionally, it may be necessary to adjust weekly investments according to the stability of income and expenses.

[MusaPk]

Generally speaking Michael Saylor and MSTR do not tend to be very good examples for what most normal people should do in regards to either investing in bitcoin and/or managing their cashflows - except that he is focused on bitcoin accumulation, which is a good thing - however, Saylor/MSTR spends a lot of efforts in using other people's money and also inspiring confidence in bitcoin and his products (less directly). 

Saylor/MSTR were getting good profit when Bitcoin was at $126000 and they have the opportunity to sell some of there stash to get profit. But he defiantly has a strategy back in his mind that's why he didn't sell any of his holdings even when price was at its ATH.

What he is saying now tells us that he has confidence that Bitcoin price will be sky high in comings days that's why it's best to keep accumulating Bitcoin whether price is $120000 or $70000.

An overwhelming majority of people need to figure out how to stay focused on buying bitcoin while staying with the bounds of their own discretionary income and also managing their cashflows to that they are ongoingly protecting their bitcoin (and adding to it) even though they might have ups and downs in regards to how much they are able to add to their bitcoin on a weekly basis or however frequently are their purchases of bitcoin. 

Furthermore, unlike Saylor, normal people should probably strive to keep 70% or more of their bitcoin into self-custody, even though sure maybe they want to use custodians, exchanges and other third party services too.. but it seems better to keep most of their coins in private custody and protected and backed up.

I was reading today that Bithumb recently by mistake transferred $40 billion worth of Bitcoins to its users and blocked trading of these Bitcoins after 35 minutes of the error. If an exchange can recover such Bitcoins then they have to option to do anything with your legitimate coins also. Always keep your coins under your custody.
 

[reagansimms]

~~~

If you have prior knowledge and confidence about Bitcoin before entering into it's investment then it's a plus for you because you don't have to worry about market uncertainties like watching the value of your Bitcoin decrease when it's in dip. But if you don't have any experience it doesn't stop you from hopping on and gradually start to gain knowledge and confidence as you are buying.

The knowledge gained before starting to invest in Bitcoin can increase confidence and this step is a plus when you want to invest, but having no experience is not an obstacle to starting to invest. Some people also start investing without having extensive knowledge, but they can adapt over time by continuing to learn to build confidence. One can grow into a more confident investor by taking baby steps and worrying less about market uncertainty. Once started, one can learn from mistakes and improve one's knowledge of Bitcoin.

Before starting your Bitcoin investment you must have heard from somewhere that it is a profitable asset to invest in, that is still a level of confidence because it is unwise to put your money into something that you totally know nothing about. If we were to be going into investments blindly without getting any information about it then we can't blame those that use their hard earned money to buy shitcoins. A level of information is very important before venturing into any investment so that you don't end up in a scam project.

Interest in starting to invest grows after hearing about Bitcoin from various sources, but it is necessary to have sufficient knowledge about what is being invested because Bitcoin is not only about profits, but there are still risks if not done wisely. Knowledge is very important before investing, because it can help one make more informed decisions. It is also important to remember that investing without knowledge is like walking in the dark without the support of a flashlight or other guidance. This action is very risky because you never know whether the road is full of holes or not.

[BitBakerr1]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

What happened a few days ago has made me to learn more when it comes to bitcoin investment when bitcoin went down to $60k plus I decided to use some of my reserve funds to accumulate more bitcoin my plan was to use all when there’s a dip but I wanted bitcoin to reduce more in price before using all, that was why I only used some part of my reserve funds to accumulate but right now bitcoin has raised up to $70k and may keep growing and if that happened I have missed the opportunity of accumulating bitcoin with low price. Whenever you want to accumulate bitcoin don’t wait for a particular time or don’t wait for it to reach a particular amount before you can accumulate the price at which bitcoin is at now is good for you to start accumulating, waiting will only make you regret in the future.

[ChocolateBitcoinK]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

Buying at a dip is not bad but the main challenge is to accurately predict when it will drop, which is impossible. In this case, if you invest regularly rather than guessing like this, then it is possible to find multiple dips naturally over time, as a result of which an investor can take advantage of the market without trying to catch the market. And the best method for buying regularly is DCA. It balances the purchase price and no matter how much the market fluctuates, the investor remains safe in his position and does not need to make emotional decisions. Therefore, DCA is a reasonable strategy for buying Bitcoin from a safe long-term plan.

[Showlove01]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

What happened a few days ago has made me to learn more when it comes to bitcoin investment when bitcoin went down to $60k plus I decided to use some of my reserve funds to accumulate more bitcoin my plan was to use all when there’s a dip but I wanted bitcoin to reduce more in price before using all, that was why I only used some part of my reserve funds to accumulate but right now bitcoin has raised up to $70k and may keep growing and if that happened I have missed the opportunity of accumulating bitcoin with low price. Whenever you want to accumulate bitcoin don’t wait for a particular time or don’t wait for it to reach a particular amount before you can accumulate the price at which bitcoin is at now is good for you to start accumulating, waiting will only make you regret in the future.

This is the reason why some people don't buy Bitcoin because of waiting for Bitcoin to dip more when they already know that Bitcoin is volatile and may decide to go any direction. But since you wanted it to dip to a certain level before investing again and unfortunately for you it doesn't..., the DCA method is still available and you can use it to be accumulating little by little and if peradventure the dip comes again you should take advantage and never wait for what you are not sure of.

[PhilosopherKing]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

What happened a few days ago has made me to learn more when it comes to bitcoin investment when bitcoin went down to $60k plus I decided to use some of my reserve funds to accumulate more bitcoin my plan was to use all when there’s a dip but I wanted bitcoin to reduce more in price before using all, that was why I only used some part of my reserve funds to accumulate but right now bitcoin has raised up to $70k and may keep growing and if that happened I have missed the opportunity of accumulating bitcoin with low price. Whenever you want to accumulate bitcoin don’t wait for a particular time or don’t wait for it to reach a particular amount before you can accumulate the price at which bitcoin is at now is good for you to start accumulating, waiting will only make you regret in the future.

Using part of your reserve funds to accumulate more still makes you better and smarter that those plebs who thought that they are genuises enough to outwit the market.

Some dumbass traders waited for the price to go below $60k down all the way to $50k before they would buy so they can make profit than others, but they just where so dumber than they realized because the price is already way past $70k  

The recent outturn in the market only confirms why buying ongoingly is smarter than waiting for price to drop before buying.

[Churchillvv]

Being scared means you are not following the rules of bitcoin investment or you don't really understand it, then you have to be more knowledgeable  to build your confidence in bitcoin.

Bitcoin used to be considered a gamble back when it was still very much in the early stages where fear was a word but fast forward to today, after all the speculations and the ups and downs, name calling and bitcoin is dead blah blah things bitcoin in my opinion has now come to a stage where I believe it’s not going to die or any of such will happen to it, but instead it’s now more like an asset that the word is in view of and hence it’s probability of going extinction has been reduced yet nothing is guaranteed on earth not even bitcoin yet we can say that fear is not long an attribute that can be mentioned along side bitcoin except one is only careless in terms of person security and safety of coins.

The word gambling is associated with altcoins and shitcoins, because they are very risky. Although in the early stages of Bitcoin, most people did not consider Bitcoin trustworthy, they were afraid to invest, but times have changed, Bitcoin has now become a popular asset worldwide, big and famous companies and personalities in the world have invested in Bitcoin. There was such a decline in the past but it turned around again, so it is normal to be like this, so we cannot think that the price of Bitcoin will drop to zero or Bitcoin will disappear. This is a natural process, so we should not panic, we should move forward with confidence in Bitcoin.

I’ve got personal issues with repetition of words but however it’s more like the first time I’ve come across this in a long time yet it’s clear that you said nothing new to every words I said earlier hence judging from your registration date I believe you have a lot of learning to do in regards to bitcoin and some other knowledges, bitcoin is still a risky investment in different terms depending on what perspective you are seeing it from but however in terms is going into extinction, I guess we can say that is perhaps reduced to a certain level based on the mere fact that a few investors, government, institutions, organizations etc have a little percentage of their wealth invested in bitcoin however this same people then to run the government directly or indirectly, hence in other terms I consider them elites of the world hence that gives a few people more confidence to invest in bitcoin yet for someone who loves decentralized system I consider that to be a kind of threat on its own. Yet not much of a threat since bitcoin protocols still remains but in terms of manipulation bitcoin will definitely experience a high manipulation than ever before especially with someone like trump and his elite friends having involved and then the government of the USA holding through seized coins. Thus the risk of bitcoin disappearing like it was termed bubble before has declined yet risk like hacks, address poisoning and loss of keys still remains.

[Umulala-alala]

Buying at a dip is not bad but the main challenge is to accurately predict when it will drop, which is impossible. In this case, if you invest regularly rather than guessing like this, then it is possible to find multiple dips naturally over time, as a result of which an investor can take advantage of the market without trying to catch the market. And the best method for buying regularly is DCA. It balances the purchase price and no matter how much the market fluctuates, the investor remains safe in his position and does not need to make emotional decisions. Therefore, DCA is a reasonable strategy for buying Bitcoin from a safe long-term plan.

Buying at the dip is normal because even now that is at dip people are still buying so one wouldn't say it's wrong because they bought at the dip i think that were it's actually wrong is when the dip is been wait for before buying, some reason why waiting for the dip is wrong is that it could be that the price you are waiting for may or may not come so regularly with the dca strategy is simply good this will stop the waiting the system.

[Mehmet69]

Using part of your reserve funds to accumulate more still makes you better and smarter that those plebs who thought that they are genuises enough to outwit the market.

Some dumbass traders waited for the price to go below $60k down all the way to $50k before they would buy so they can make profit than others, but they just where so dumber than they realized because the price is already way past $70k  

The recent outturn in the market only confirms why buying ongoingly is smarter than waiting for price to drop before buying.

Yes, you are right. Those who are still waiting for the price of Bitcoin to fall further have just missed an opportunity. Because no one can say when the price of Bitcoin will increase or decrease. The price was around 62 k in the past. But today it is above 71k. Now the price may start increasing. Those who are waiting for its price to fall have missed an opportunity. If the price is low, we can buy the amount of Satoshi that we can buy, but if the price increases, we cannot buy that amount of Satoshi. This reduces the amount of our holdings. It will take more time to organize the portfolio. So no matter how much it fluctuates, we should continue to invest with the same amount of money. While waiting for the opportunity, none of us will be able to understand when the right opportunity will be missed.

[JayJuanGee]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Yes brother you are right, but how do we know when the price of Bitcoin will decrease and when it will increase. In my opinion, the price of Bitcoin will increase day by day and so from now on we have to invest in Bitcoin through DCA. We hope that Bitcoin will reach $100000 one day. This is a long term investment where there is nothing to fear. We just have to have confidence and patience in ourselves then we will get success one day.

You are correct that a DCA strategy generally presumes that the price of the asset is going up.

However i would hardly consider you to be long term oriented if you are merely looking at the price to get to $100k. 

What are you going to do when the BTC price reaches $100k?  Sell?

I would consider a bitcoin investment to be 4-10 years or longer, and most instances it would be longer than 10 years, unless you have some age or health reason that would cause you to not be able to commit for 10 years or longer.

If you are price oriented or you have shorter timelines or maybe you are shooting for some consumption item or inferior investment, then then you are largely using bitcoin to trade.  I don't recommend trading bitcoin, even though there are quite a few people who still have been profitable from trading.

Generally speaking Michael Saylor and MSTR do not tend to be very good examples for what most normal people should do in regards to either investing in bitcoin and/or managing their cashflows - except that he is focused on bitcoin accumulation, which is a good thing - however, Saylor/MSTR spends a lot of efforts in using other people's money and also inspiring confidence in bitcoin and his products (less directly). 

Saylor/MSTR were getting good profit when Bitcoin was at $126000 and they have the opportunity to sell some of there stash to get profit. But he defiantly has a strategy back in his mind that's why he didn't sell any of his holdings even when price was at its ATH.

What he is saying now tells us that he has confidence that Bitcoin price will be sky high in comings days that's why it's best to keep accumulating Bitcoin whether price is $120000 or $70000.

Even if you find Saylor / MSTR as inspirations, I doubt that they are a good role model for individuals, unlte you are merely getting the idea to continue to buy no matter what, as long as you are reasonably staying within the boundaries of your discretionary funds.

If you had been consistently investing into bitcoin from your discretionary income as it comes in during a similar timeframe as MSTR/Saylor, such as 5.5 years since August 2020, then your average cost per BTC would  be right around $35k per coin.  Right now Saylor/MSTR has an average cost per coin around $75k...

Don't get me wrong, since I do think that it is better to try to invest aggressively and to get more coin, yet it just seems unrealistic for any of us to be comparing ourselves to businesses like MSTR.

At the same time, it could have had been possible for normal persons to have ended up in similar situation like MSTR based on where he might have had been at in his career in the past 5.5 years, so maybe he ends up getting a lot of promotions, and the promotions and the increases in pay end up contributing towards him to increase his BTC purchases with the passage of time. 

An overwhelming majority of people need to figure out how to stay focused on buying bitcoin while staying with the bounds of their own discretionary income and also managing their cashflows to that they are ongoingly protecting their bitcoin (and adding to it) even though they might have ups and downs in regards to how much they are able to add to their bitcoin on a weekly basis or however frequently are their purchases of bitcoin. 

Furthermore, unlike Saylor, normal people should probably strive to keep 70% or more of their bitcoin into self-custody, even though sure maybe they want to use custodians, exchanges and other third party services too.. but it seems better to keep most of their coins in private custody and protected and backed up.

I was reading today that Bithumb recently by mistake transferred $40 billion worth of Bitcoins to its users and blocked trading of these Bitcoins after 35 minutes of the error. If an exchange can recover such Bitcoins then they have to option to do anything with your legitimate coins also. Always keep your coins under your custody.

Sure. Of course.  The lesson is that those coins on the exchanges are not real bitcoin, even though they are claims upon bitcoin... so we have to be careful in regards to how much value we keep on exchanges at any given time..

The article says that they had recovered 99.7% of the loss, so if a user had withdrawn the coins from the exchange prior to Bithumb freezing (or reversing) those coins, then they would not have had been able to recover those coins except for through legal channels to go after the user to try to get the user to send them back.

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Buying when ybe price is low especially as it is currently is a big advantage, but then your statement sounds like people should wait till Bitcoin gets low before buying, if so then it's not really a nice idea and to be on a safer side it's better to be consistent with accumulating, whether it get low or high.

 Reasons that you never can tell when it get low or high but when you're consistent you'll definitely come across several low periods and take advantage of the market. That's the more reason why the DCA is considered the best strategy for accumulating Bitcoin, it keeps a balance to your accumulation and you'll need on a safe side regardless of how the market fluctuates.

What happened a few days ago has made me to learn more when it comes to bitcoin investment when bitcoin went down to $60k plus I decided to use some of my reserve funds to accumulate more bitcoin my plan was to use all when there’s a dip but I wanted bitcoin to reduce more in price before using all, that was why I only used some part of my reserve funds to accumulate but right now bitcoin has raised up to $70k and may keep growing and if that happened I have missed the opportunity of accumulating bitcoin with low price. Whenever you want to accumulate bitcoin don’t wait for a particular time or don’t wait for it to reach a particular amount before you can accumulate the price at which bitcoin is at now is good for you to start accumulating, waiting will only make you regret in the future.

This is the reason why some people don't buy Bitcoin because of waiting for Bitcoin to dip more when they already know that Bitcoin is volatile and may decide to go any direction. But since you wanted it to dip to a certain level before investing again and unfortunately for you it doesn't..., the DCA method is still available and you can use it to be accumulating little by little and if peradventure the dip comes again you should take advantage and never wait for what you are not sure of.

Yep.  It is very difficult to justify still having money for each of our dips... so maybe a person had been buying bitcoin regularly but then keeping some cash on the side, so when the BTC price dropped from $126k to below $100k, they would have had been already buying the dip.

And then when the BTC price went from the down into the $80ks the first time there would have had been some additional buying.

So then the prices are already cheap, so then there might be little justification to hold back value to wait for dips that might not come, but  yes, we got a dip from the mid $80ks into the lower $60k.. so it is hard to imagine how very much money would be ready for buying these various dips.

Sometimes the buy orders are preset, so that a person does not miss the dip... otherwise, they have to watch the charts or maybe set some price alarms so they will be alerted if the price goes below a certain price point.

It does feel good to buy dips, yet at the same time, it is quite easy to run out of money for such dip buying in the event that such dip buying happens.

There can be ways that a certain amount is kept for dips down to various price points, yet it seems that if a person is seriously DCAing and  trying to prepare for UP, they are not going to have a lot of money left over money to buy down every $5k drop between $80k and $30k, or whatever extreme point that the BTC price could be imagined to be possible to go at any point in its existence..

[Derekfunds]

Using part of your reserve funds to accumulate more still makes you better and smarter that those plebs who thought that they are genuises enough to outwit the market.

Some dumbass traders waited for the price to go below $60k down all the way to $50k before they would buy so they can make profit than others, but they just where so dumber than they realized because the price is already way past $70k  

The recent outturn in the market only confirms why buying ongoingly is smarter than waiting for price to drop before buying.

Yes, you are right. Those who are still waiting for the price of Bitcoin to fall further have just missed an opportunity. Because no one can say when the price of Bitcoin will increase or decrease. The price was around 62 k in the past. But today it is above 71k. Now the price may start increasing. Those who are waiting for its price to fall have missed an opportunity. If the price is low, we can buy the amount of Satoshi that we can buy, but if the price increases, we cannot buy that amount of Satoshi. This reduces the amount of our holdings. It will take more time to organize the portfolio. So no matter how much it fluctuates, we should continue to invest with the same amount of money. While waiting for the opportunity, none of us will be able to understand when the right opportunity will be missed.

You are right and if someone continue to have the mindset of waiting to buy during the Dip they may not even buy at all because we don't know when the price will come down to $62k or even below so the best thing to do is to forget about how much quantity of Satoshi we would have accumulated during Dip but rather focus on using the DCA method which will help us stay in the accumulation process regardless of the price and if we are saving for the Dip while using the DCA method we would make it count when the dip will come again.

[I_Anime]

Using part of your reserve funds to accumulate more still makes you better and smarter that those plebs who thought that they are genuises enough to outwit the market.

Some dumbass traders waited for the price to go below $60k down all the way to $50k before they would buy so they can make profit than others, but they just where so dumber than they realized because the price is already way past $70k  

The recent outturn in the market only confirms why buying ongoingly is smarter than waiting for price to drop before buying.

Yes, you are right. Those who are still waiting for the price of Bitcoin to fall further have just missed an opportunity. Because no one can say when the price of Bitcoin will increase or decrease. The price was around 62 k in the past. But today it is above 71k. Now the price may start increasing. Those who are waiting for its price to fall have missed an opportunity. If the price is low, we can buy the amount of Satoshi that we can buy, but if the price increases, we cannot buy that amount of Satoshi. This reduces the amount of our holdings. It will take more time to organize the portfolio. So no matter how much it fluctuates, we should continue to invest with the same amount of money. While waiting for the opportunity, none of us will be able to understand when the right opportunity will be missed.

You are right and if someone continue to have the mindset of waiting to buy during the Dip they may not even buy at all because we don't know when the price will come down to $62k or even below so the best thing to do is to forget about how much quantity of Satoshi we would have accumulated during Dip but rather focus on using the DCA method which will help us stay in the accumulation process regardless of the price and if we are saving for the Dip while using the DCA method we would make it count when the dip will come again.

Best thing to do in time like this firstly , silent the noise . Yeah in time like this there will be a lot of noise especially from social medias , some will come out saying bitcoin is going to $10k  and so on . But that shouldn’t be your focus right now , those talking about the dip blablabla , the dip is here already just keep up your accumulation pace , even when dcaing you can still buy the dip while doing so .

Those that are waiting for the dip will be feeling themselves now and some may even decide to wait even further , but don’t forget this is Bitcoin we are talking about and the market is unpredictable this may end up being the last time  you’ll see Bitcoin at 5 digits , and then the next dip you’ll be waiting for would be at 6 digit .