Buy Buy Buy or Sell Sell Sell?

[Showlove01]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

[Tonimez]

[Edited out]

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

You're not very correct because you try to paint the reserved funds to appear like the back up funds. A reserved funds is basically for bitcoin aggressive buys probably during dips whether you have a  Discretionary income or not. Reserved funds are gotten from the little fractions of Discretionary income and the sole purpose is that you can fall back to them when Dip eventually becomes obvious. Discretionary income is that amount of money that is set aside regularly for the investment and it nearly fixed. If you have a good plan of buying a supposed dip aggressively, your regular Discretionary allocation to bitcoin no matter how huge it is does not amount to aggressive buys. What makes it different is that the r reserved funds in most cases are usually big enough to buy a bitcoin above their traditional bitcoin buys per DCA day.

[JayJuanGee]

I don't fully agree with this, because DCA will work when you are consistently stick on your plans. Also by trying to mix it up with lump sum this might weaken our strategy then possibly makes DCA less effective to us.

The real point of the DCA strategy is to remove our emotion to wait for that price dip situation. Once you try to engage on waiting for the dip strategy this already contradicts the real purpose and you might get lose, then everything might messed up so bad which can possibly cause those people to create bad decision on selling their holding on much shorter time or worse on bad market timing.

I don't see any reason why an investor that understands what he's doing can't combined both the DCA and lumpsum together, although he can choose to increase his discretionary during dip periods for the DCA but that doesn't stop him from also lumpsuming during periods like that so far there's a balance, he can split his discretionary into half and use the larger portion to lumpsum and the remaining for the DCA during dip periods.

There are three strategies, not two.  You are describing lump sum as if it were the same as buying on dip when it is not.

Let's say that over the past year and a half (going by your registration date) a guy was investing between $60 and $150 per week into bitcoin, depending on how much money he had coming in and was available (yet on average his DCA amount was around $100 per week). 

So then he suddenly receives a bonus of $3,600, which is right around 36 weeks of his DCA amount (about half that he already put in).

He has three choices regarding how to use that $3,600 to buy more BTC.  1) buy right way, 2) DCA (defer by time) and/or 3) buy on dip (defer by price drops that might not happen).

If the guy had already been saving around $20 per week from his DCA and hoping for a dip, then the mere fact that after 10 weeks, his saving on the side rises to the level of $200, that does not cause that $200 to become a lump sum because it was being saved for buying on dips.. so it ended up being deferred in order to wait for dips that may or may not end up happening.

Yes it's a very effect strategy that helps kill the fear of losing during the dip. It's better for everyone cause investors don't have to wait and miss out on good buying opportunities but be in a good position to buy on several dips.

The only way that you are able to buy on dips is to trade off and hold back. Sure you feel happy if the dip ended up coming, but you are still trading off from buying right away, so  don't be trying to suggest that buying the dip is superior to regular and consistent buying, since it is not .. because it puts the buyer into a waiting rather than buying approach. that can also sometimes start to detract from a focus of consistently buying bitcoin.

By the way, don't get me wrong. If I am put into a position where I received 36 weeks worth of my DCA amount, I likely would buy with some of it and hold some of it for buying dips. Yet, if I am regularly buying $100 per week, I would be careful regarding how much I would be holding back for dips that might not happen.  Sure the more discretionary funds that a guy has, then the more options that he has, yet many guys who are active in this forum are working from discretionary funds as they come in, so there might not be a lot of situations in which they either receive lump sums or that they can perhaps muster up lump sums from some other investments they have or to take a loan (which might not be a good idea).   Surely if a guy receives some extra unexpected money (something like 36 weeks of his normal DCA amount), he is in a bit of a better position to have options on how to treat those funds, and it might not be too frequent of an occasion, even though surely there could be times in which the income is higher and the expenses are lower, so there could be some times in which one month ends up having double or triple the usual DCA amount available for consideration on how  to treat those funds.

The big disadvantage of waiting for the dip to buy is that you'll never know the perfect dip cause of volatility so instead of wrong timing and missing out, it's best to use the DCA which would give the investor the opportunity to buy at different price mark during dips.

This part you are correct, and if a guy is buying every week, then he is likely going to catch dips, even though the whole situation might be far from perfect since dips can be rapid and maybe guys had already made their weekly buy, so then they won't have any additional money come available until the next week.

[Crytohillss]

I don't fully agree with this, because DCA will work when you are consistently stick on your plans. Also by trying to mix it up with lump sum this might weaken our strategy then possibly makes DCA less effective to us.

The real point of the DCA strategy is to remove our emotion to wait for that price dip situation. Once you try to engage on waiting for the dip strategy this already contradicts the real purpose and you might get lose, then everything might messed up so bad which can possibly cause those people to create bad decision on selling their holding on much shorter time or worse on bad market timing.

I don't see any reason why an investor that understands what he's doing can't combined both the DCA and lumpsum together, although he can choose to increase his discretionary during dip periods for the DCA but that doesn't stop him from also lumpsuming during periods like that so far there's a balance, he can split his discretionary into half and use the larger portion to lumpsum and the remaining for the DCA during dip periods.

There are three strategies, not two.  You are describing lump sum as if it were the same as buying on dip when it is not.

Let's say that over the past year and a half (going by your registration date) a guy was investing between $60 and $150 per week into bitcoin, depending on how much money he had coming in and was available (yet on average his DCA amount was around $100 per week). 

So then he suddenly receives a bonus of $3,600, which is right around 36 weeks of his DCA amount (about half that he already put in).

He has three choices regarding how to use that $3,600 to buy more BTC.  1) buy right way, 2) DCA (defer by time) and/or 3) buy on dip (defer by price drops that might not happen).

If the guy had already been saving around $20 per week from his DCA and hoping for a dip, then the mere fact that after 10 weeks, his saving on the side rises to the level of $200, that does not cause that $200 to become a lump sum because it was being saved for buying on dips.. so it ended up being deferred in order to wait for dips that may or may not end up happening.

Yes it's a very effect strategy that helps kill the fear of losing during the dip. It's better for everyone cause investors don't have to wait and miss out on good buying opportunities but be in a good position to buy on several dips.

The only way that you are able to buy on dips is to trade off and hold back. Sure you feel happy if the dip ended up coming, but you are still trading off from buying right away, so  don't be trying to suggest that buying the dip is superior to regular and consistent buying, since it is not .. because it puts the buyer into a waiting rather than buying approach. that can also sometimes start to detract from a focus of consistently buying bitcoin.

By the way, don't get me wrong. If I am put into a position where I received 36 weeks worth of my DCA amount, I likely would buy with some of it and hold some of it for buying dips. Yet, if I am regularly buying $100 per week, I would be careful regarding how much I would be holding back for dips that might not happen.  Sure the more discretionary funds that a guy has, then the more options that he has, yet many guys who are active in this forum are working from discretionary funds as they come in, so there might not be a lot of situations in which they either receive lump sums or that they can perhaps muster up lump sums from some other investments they have or to take a loan (which might not be a good idea).   Surely if a guy receives some extra unexpected money (something like 36 weeks of his normal DCA amount), he is in a bit of a better position to have options on how to treat those funds, and it might not be too frequent of an occasion, even though surely there could be times in which the income is higher and the expenses are lower, so there could be some times in which one month ends up having double or triple the usual DCA amount available for consideration on how  to treat those funds.

The big disadvantage of waiting for the dip to buy is that you'll never know the perfect dip cause of volatility so instead of wrong timing and missing out, it's best to use the DCA which would give the investor the opportunity to buy at different price mark during dips.

This part you are correct, and if a guy is buying every week, then he is likely going to catch dips, even though the whole situation might be far from perfect since dips can be rapid and maybe guys had already made their weekly buy, so then they won't have any additional money come available until the next week.

I think people are mixing up intent with execution a bit the moment that $3600 hits your bar it is a lump sum,  purchasing the dip is about timing the market based on the price levels $200 is example that proves the point it feels different because it was built gradually but in reality one can still make a single decision at the moment you deploy it whether people call it saved for dips or not one are effectively timing the market with lump of capital at the end of the day its less about to labels and more about what risk people are comfortable it just depends on your mindset and discipline.

[Bigthraex]

I don't fully agree with this, because DCA will work when you are consistently stick on your plans. Also by trying to mix it up with lump sum this might weaken our strategy then possibly makes DCA less effective to us.

The real point of the DCA strategy is to remove our emotion to wait for that price dip situation. Once you try to engage on waiting for the dip strategy this already contradicts the real purpose and you might get lose, then everything might messed up so bad which can possibly cause those people to create bad decision on selling their holding on much shorter time or worse on bad market timing.

I don't see any reason why an investor that understands what he's doing can't combined both the DCA and lumpsum together, although he can choose to increase his discretionary during dip periods for the DCA but that doesn't stop him from also lumpsuming during periods like that so far there's a balance, he can split his discretionary into half and use the larger portion to lumpsum and the remaining for the DCA during dip periods.

There are three strategies, not two.  You are describing lump sum as if it were the same as buying on dip when it is not.

Let's say that over the past year and a half (going by your registration date) a guy was investing between $60 and $150 per week into bitcoin, depending on how much money he had coming in and was available (yet on average his DCA amount was around $100 per week). 

So then he suddenly receives a bonus of $3,600, which is right around 36 weeks of his DCA amount (about half that he already put in).

He has three choices regarding how to use that $3,600 to buy more BTC.  1) buy right way, 2) DCA (defer by time) and/or 3) buy on dip (defer by price drops that might not happen).

If the guy had already been saving around $20 per week from his DCA and hoping for a dip, then the mere fact that after 10 weeks, his saving on the side rises to the level of $200, that does not cause that $200 to become a lump sum because it was being saved for buying on dips.. so it ended up being deferred in order to wait for dips that may or may not end up happening.

Most discussions are centred on how to buy Bitcoin,  dip, DCA, lump sum, reserve funds but, the real issue is much simpler. It’s not about perfect timing but about staying in the market long enough. History shows that Bitcoin goes up and down a lot, sometimes crashing 50–80%. But over the long run, it has always recovered and reached new highs. So the people who win are not the ones who buy at the perfect price but the ones who keep buying and don’t panic sell.
Another important thing people ignore is that bitcoin’s biggest price jumps happen suddenly. If you sit on the sidelines waiting for the “perfect dip,” the price can move up fast and leave you behind. Many people end up buying higher because they waited too long. Using emergency money is also risky not because Bitcoin is bad, but because life is unpredictable. If an emergency happens when the market is down, you may be forced to sell at a loss. That’s not investing, that’s being trapped.
DCA works well for many people because it removes stress. You don’t need to guess the market. You just buy regularly and move on with your life. Waiting for dips sounds smart, but it often creates anxiety and indecision. More like ''Should I buy now or wait more?” and sometimes you end up doing nothing. A simple way to think about it is to have your regular buying plan (small amounts over time). If you have extra money, you can buy more during big drops and keep your emergency money separate so you never sell under pressure. Big investors do something similar. They don’t rely on one single strategy, they spread their risk. At the end of the day, if Bitcoin truly grows in the future, today’s price differences won’t matter much. What will matter is whether you actually accumulated and held long enough. You don’t need perfect timing ,you need patience and consistency.

[Tonimez]

[Edited out]

I think people are mixing up intent with execution a bit the moment that $3600 hits your bar it is a lump sum,  purchasing the dip is about timing the market based on the price levels $200 is example that proves the point it feels different because it was built gradually but in reality one can still make a single decision at the moment you deploy it whether people call it saved for dips or not one are effectively timing the market with lump of capital at the end of the day its less about to labels and more about what risk people are comfortable it just depends on your mindset and discipline.

You're not very correct with this claim about Effectively timing the market , unless you are intentionally supporting procrastination and/or Trading. You can not be too smart to declare a particular bitcoin price (after a prolonged waiting) a perfect dip. We may not have a perfect price, but we definitely have a perfect time which is Now! Starting bitcoin investment is best when you start as soon as you have your Discretionary income available. This will save you from procrastination and help you get bitcoin at the best prices too because you don't know what the price will be in the next time.

How sure are you that your perfect dip will happen? For how long will you wait? It will leave you regretting always after every price hike. If you fail to buy today, you may end up buying at a higher price or remain a no coiner till eternity.

Again,  describing investing with $3600 as a lump-sum would actually depend on the financial capacity of the investor. There are folks who can DCA about $4000 monthly or periodically, and this is not their lump sum. There are folks too who their lump-sum run into millions of dollars, so what works for one person depends on several factors of which you will figure out what is good for you and follow it with discipline but having a Discretionary income and avoiding any form of procrastination is a universal first step to becoming a bitcoin investor.

[ZeroVinsonN]

Again,  describing investing with $3600 as a lump-sum would actually depend on the financial capacity of the investor. There are folks who can DCA about $4000 monthly or periodically, and this is not their lump sum. There are folks too who their lump-sum run into millions of dollars, so what works for one person depends on several factors of which you will figure out what is good for you and follow it with discipline but having a Discretionary income and avoiding any form of procrastination is a universal first step to becoming a bitcoin investor.

I think this still runs down to saying that what can be considered to be lump summing might not be lump summing for others, the same way a person can be buying bitcoin very aggressively with his discretionary income and we see someone else who is investing with more than the first person but isn't being aggressive with his investment at all, (both are using DCA) he is not being aggressive because while what he is using to invest periodically is more that what the first person who is investing aggressively is using to invest, it might very well still be that he isn't even using up to 25% of his discretionary income while the other guy is using over 80% of his.
What you might consider to be a lot of cash might not be much to someone else and that's why we should be investing at our own pace and not being trying to match someone else's speed, we should stick to investing with what our discretionary income allows us to.

[Gallar]

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

Yes, although this action carries some risk, it's clearly still feasible. Reserve funds are quite flexible, as they're clearly intended for planned purposes, unlike emergency funds, which are essentially unpredictable. So, given this, I quite agree with the idea of  using reserve funds to invest in Bitcoin. But honestly, for now, I'm still comfortable using only discretionary funds and not using other funds.

I want to own Bitcoin exclusively from discretionary funds. This way, I'll certainly feel much more secure holding Bitcoin for the long term. So, basically, this is my choice. If you or anyone else wants to use reserve funds to buy Bitcoin while the market is undergoing a deep correction, I think that's a pretty good plan. But for me, I won't do it yet because my discretionary funds still make me happy to invest in Bitcoin.

[Emjay24]

You're not very correct because you try to paint the reserved funds to appear like the back up funds.

Yes Reserve fund is a type of backup fund which are built up for your discretionary spending or to attend to some kind of needs that aren't necessarily part of your regular expenses and neither are they emergencies and if you've it built up so well and there is no much need in sight, you can put back a portion of it into bitcoin while you resume building it up gradually alongside your regular buys.

Discretionary income is that amount of money that is set aside regularly for the investment and it nearly fixed.

This is not true, it may be variable depending on the expenses budget of the investor, and expenses may vary from month to month, so discretionary income which is the money remaining after taking care of our expenses may also respond to the variations in the expenses budget from time to time.

What makes it different is that the r reserved funds in most cases are usually big enough to buy a bitcoin above their traditional bitcoin buys per DCA day.

This is not true for most cases as reserve fund sizes differ from investor to investor and is not entirely the best thing to use up your reserved funds for buying bitcoin. There may as well be some pressing discretionary needs that arises after you must have done that and you would have no other option than to tamper with your emergency fund for a need which is clearly not an emergency and this isn't a good cashflow management practice.

[Bigjoe158]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky. Reserve fund is for future use and that use can be investing in bitcoins, landed properties etc. what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

[Kryptonite788]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky. Reserve fund is for future use and that use can be investing in bitcoins, landed properties etc. what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

this statement is partly true but I fear it needs a little bit of correction to avoid misleading people, because in most cases ,salary is mostly where investment money usually comes from and this is the reality of most people so i still insist that a person can use part of their salary[discretionary income] for investment because investing isn’t about avoiding your salary, it is about controlling how much of it that is exposed to risk. and the best way to do this is by setting aside emergency funds and then carefully and constantly allocating a portion of your income into long term investments.

[cxtreenal]

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky. Reserve fund is for future use and that use can be investing in bitcoins, landed properties etc. what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

If you are still new to Bitcoin don't wait for the price to fall. Don't hold money for investment you should start accumulate Bitcoin by today. Because in future Bitcoin worth maybe skyrocket in future. Start accumulation Bitcoin with the amount of funds you have without any delay. accumulation Bitcoin based on your income through discretionary income. You don't know whether the price of Bitcoin will fall or rise in the future. Since this is an uncertain matter if you have the available funds you should start accumulation Bitcoin today instead of waiting for the price to fall. Use a long term strategy for Bitcoin investment because short term trading is one of the reasons why traders lose money. You need physical assets but it would be foolish in most cases to hold extra cash funds because inflation reduces the value of your cash funds so accumulation Bitcoin at regular intervals instead of holding fiat.

[sotelorene]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky. Reserve fund is for future use and that use can be investing in bitcoins, landed properties etc. what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

First of all Bitcoin is not like those kind of goods and services someone target when the price is down but rather Bitcoin is an asset, a promising one in that matter as per its potential. Bitcoin investors I mean the ones that understands the journey they are into don't actually have that time to target when the price of Bitcoin will be down as that will be a waste of time and opportunity for them to grow their portfolio, what a serious investor will do is continue accumulating and also preparing ( saving) in case there is Dip. Our discretionary income is gotten from our salary so what are you saying?

[Sarah_Jannat42]

The concept of short-term investment is associated with trading. But I think investing in Bitcoin should definitely be on a long-term basis. Do those who cannot control themselves in the market volatility actually have any need to invest in Bitcoin?

For someone who cannot control himself in a market downturn, not investing will never be the right decision. For someone who cannot control himself, it is necessary to gain knowledge, gaining knowledge can bring a person from an uncontrolled state to a controlled state. For example, I can give you an example on this subject, if you have a headache, then cutting off your head will never be the right decision, but it is better to find out what you can do to avoid headaches and what measures you can take to protect yourself from headaches.

Through gaining knowledge, a person can take control of himself. How much knowledge is needed to build trust in Bitcoin, it completely depends on him. So, do not stop investing, gain knowledge and build trust in Bitcoin

I also agree with you that it is good not to stop investing in Bitcoin. But when the ups and downs of the market spoil their mentality, it means that they do not know much about Bitcoin. So they should gain experience about the past history, through which their knowledge will increase and their confidence in Bitcoin will increase. And it is also true that you do not need to be very knowledgeable to invest on a long-term basis.

[Aventas]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

 what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

Your advice sounds a bit different. That is, it does not seem right to me. Because those who work in salaried jobs, after meeting their necessary expenses from their salary, set aside discretionary income. And then invest. I have thought differently from you. Whether people use their salary money or the money saved before that is not a major issue. The main issue is cash management, that is, you need to think about whether that money will be needed in the short term. You should not invest money that will be needed after a few months.

And you say to save your salary money first. And once you save it, keep a part aside for investment. But I do not think so. Saving takes a lot of time. But we should not sit outside the market for so long.

So it should be done in small amounts in Bitcoin through the DCA method. In this way, along with saving, we will be able to get out of No Coin.

I just said my ideas that I think. If I am wrong, you can correct it through discussion.

[Frankolala]

First of all Bitcoin is not like those kind of goods and services someone target when the price is down but rather Bitcoin is an asset, a promising one in that matter as per its potential. Bitcoin investors I mean the ones that understands the journey they are into don't actually have that time to target when the price of Bitcoin will be down as that will be a waste of time and opportunity for them to grow their portfolio, what a serious investor will do is continue accumulating and also preparing ( saving) in case there is Dip. Our discretionary income is gotten from our salary so what are you saying?

Your discretionary income must not necessarily be from your salary or income. It can be from other sources like gift, bonus at work, the sales of an old property that is useless to you and losses value overtime or from winning a lottery.

However, it doesn't matter from where your discretionary income is from what really matters is that you should only invest with part of your discretionary income in order to avoid premature sales when it's not of your own will.

[Grease5000]

I don't fully agree with this, because DCA will work when you are consistently stick on your plans. Also by trying to mix it up with lump sum this might weaken our strategy then possibly makes DCA less effective to us.

The real point of the DCA strategy is to remove our emotion to wait for that price dip situation. Once you try to engage on waiting for the dip strategy this already contradicts the real purpose and you might get lose, then everything might messed up so bad which can possibly cause those people to create bad decision on selling their holding on much shorter time or worse on bad market timing.

I don't see any reason why an investor that understands what he's doing can't combined both the DCA and lumpsum together, although he can choose to increase his discretionary during dip periods for the DCA but that doesn't stop him from also lumpsuming during periods like that so far there's a balance, he can split his discretionary into half and use the larger portion to lumpsum and the remaining for the DCA during dip periods.

There are three strategies, not two.  You are describing lump sum as if it were the same as buying on dip when it is not.

Let's say that over the past year and a half (going by your registration date) a guy was investing between $60 and $150 per week into bitcoin, depending on how much money he had coming in and was available (yet on average his DCA amount was around $100 per week). 

So then he suddenly receives a bonus of $3,600, which is right around 36 weeks of his DCA amount (about half that he already put in).

He has three choices regarding how to use that $3,600 to buy more BTC.  1) buy right way, 2) DCA (defer by time) and/or 3) buy on dip (defer by price drops that might not happen).

If the guy had already been saving around $20 per week from his DCA and hoping for a dip, then the mere fact that after 10 weeks, his saving on the side rises to the level of $200, that does not cause that $200 to become a lump sum because it was being saved for buying on dips.. so it ended up being deferred in order to wait for dips that may or may not end up happening.

Yes it's a very effect strategy that helps kill the fear of losing during the dip. It's better for everyone cause investors don't have to wait and miss out on good buying opportunities but be in a good position to buy on several dips.

The only way that you are able to buy on dips is to trade off and hold back. Sure you feel happy if the dip ended up coming, but you are still trading off from buying right away, so  don't be trying to suggest that buying the dip is superior to regular and consistent buying, since it is not .. because it puts the buyer into a waiting rather than buying approach. that can also sometimes start to detract from a focus of consistently buying bitcoin.

By the way, don't get me wrong. If I am put into a position where I received 36 weeks worth of my DCA amount, I likely would buy with some of it and hold some of it for buying dips. Yet, if I am regularly buying $100 per week, I would be careful regarding how much I would be holding back for dips that might not happen.  Sure the more discretionary funds that a guy has, then the more options that he has, yet many guys who are active in this forum are working from discretionary funds as they come in, so there might not be a lot of situations in which they either receive lump sums or that they can perhaps muster up lump sums from some other investments they have or to take a loan (which might not be a good idea).   Surely if a guy receives some extra unexpected money (something like 36 weeks of his normal DCA amount), he is in a bit of a better position to have options on how to treat those funds, and it might not be too frequent of an occasion, even though surely there could be times in which the income is higher and the expenses are lower, so there could be some times in which one month ends up having double or triple the usual DCA amount available for consideration on how  to treat those funds.

The big disadvantage of waiting for the dip to buy is that you'll never know the perfect dip cause of volatility so instead of wrong timing and missing out, it's best to use the DCA which would give the investor the opportunity to buy at different price mark during dips.

This part you are correct, and if a guy is buying every week, then he is likely going to catch dips, even though the whole situation might be far from perfect since dips can be rapid and maybe guys had already made their weekly buy, so then they won't have any additional money come available until the next week.

[Grease5000]

I don't fully agree with this, because DCA will work when you are consistently stick on your plans. Also by trying to mix it up with lump sum this might weaken our strategy then possibly makes DCA less effective to us.

The real point of the DCA strategy is to remove our emotion to wait for that price dip situation. Once you try to engage on waiting for the dip strategy this already contradicts the real purpose and you might get lose, then everything might messed up so bad which can possibly cause those people to create bad decision on selling their holding on much shorter time or worse on bad market timing.

I don't see any reason why an investor that understands what he's doing can't combined both the DCA and lumpsum together, although he can choose to increase his discretionary during dip periods for the DCA but that doesn't stop him from also lumpsuming during periods like that so far there's a balance, he can split his discretionary into half and use the larger portion to lumpsum and the remaining for the DCA during dip periods.

There are three strategies, not two.  You are describing lump sum as if it were the same as buying on dip when it is not.

Let's say that over the past year and a half (going by your registration date) a guy was investing between $60 and $150 per week into bitcoin, depending on how much money he had coming in and was available (yet on average his DCA amount was around $100 per week). 

So then he suddenly receives a bonus of $3,600, which is right around 36 weeks of his DCA amount (about half that he already put in).

He has three choices regarding how to use that $3,600 to buy more BTC.  1) buy right way, 2) DCA (defer by time) and/or 3) buy on dip (defer by price drops that might not happen).

If the guy had already been saving around $20 per week from his DCA and hoping for a dip, then the mere fact that after 10 weeks, his saving on the side rises to the level of $200, that does not cause that $200 to become a lump sum because it was being saved for buying on dips.. so it ended up being deferred in order to wait for dips that may or may not end up happening.

Yes it's a very effect strategy that helps kill the fear of losing during the dip. It's better for everyone cause investors don't have to wait and miss out on good buying opportunities but be in a good position to buy on several dips.

The only way that you are able to buy on dips is to trade off and hold back. Sure you feel happy if the dip ended up coming, but you are still trading off from buying right away, so  don't be trying to suggest that buying the dip is superior to regular and consistent buying, since it is not .. because it puts the buyer into a waiting rather than buying approach. that can also sometimes start to detract from a focus of consistently buying bitcoin.

By the way, don't get me wrong. If I am put into a position where I received 36 weeks worth of my DCA amount, I likely would buy with some of it and hold some of it for buying dips. Yet, if I am regularly buying $100 per week, I would be careful regarding how much I would be holding back for dips that might not happen.  Sure the more discretionary funds that a guy has, then the more options that he has, yet many guys who are active in this forum are working from discretionary funds as they come in, so there might not be a lot of situations in which they either receive lump sums or that they can perhaps muster up lump sums from some other investments they have or to take a loan (which might not be a good idea).   Surely if a guy receives some extra unexpected money (something like 36 weeks of his normal DCA amount), he is in a bit of a better position to have options on how to treat those funds, and it might not be too frequent of an occasion, even though surely there could be times in which the income is higher and the expenses are lower, so there could be some times in which one month ends up having double or triple the usual DCA amount available for consideration on how  to treat those funds.

The big disadvantage of waiting for the dip to buy is that you'll never know the perfect dip cause of volatility so instead of wrong timing and missing out, it's best to use the DCA which would give the investor the opportunity to buy at different price mark during dips.

This part you are correct, and if a guy is buying every week, then he is likely going to catch dips, even though the whole situation might be far from perfect since dips can be rapid and maybe guys had already made their weekly buy, so then they won't have any additional money come available until the next week.

While DCA helps to recuse emotion and fear it also have some other benefits like gives investors with low capital the opportunity to invest in Bitcoin  because it enables one to buy a fraction of Bitcoin little by little using discretionary income without touching money meant for essential needs.

[Zackz5000]

Buying the dip is never a bad idea in my own opinion, but let it never be at the expense of waiting for it before carrying it out, because by waiting, you are likely going to miss so many buying opportunities that would be available during that time of waiting, so constant accumulation is the best, and if in the process of accumulating constantly and their is a dip in the market, you can still accumulate it aggressively if you want, from your reserve funds, but their is no where it's written that buying the dip is the best, or a must. You just have to buy once your discretionary income is available, because as long as you are buying with the mindset of holding for a very long period of time, I believe that in the future, when Bitcoin has risen to a million dollars or more, this current price will look like a serious bargain, so buying now without paying heed to the price is the best, because waiting for the dip before buying will only delay your ability to get to your over accumulation status quick.

I agree with everything you said but I don't agree with buying Bitcoin with reserve fund because reserve fund is kept to face any kind of disaster. The future of a person is completely uncertain, no one can say that he can live his life very comfortably. If he buys Bitcoin with reserve fund now, then if he faces any danger later, he may have to break his Bitcoin which will be very bad for an investor. So a person should invest his extra money in Bitcoin whenever his discretionary income increases or deposit Bitcoin in DCA method.

truth is we can not use our reserve funds to invest or accumulate Bitcoin when we still have our discretionary income intact that is not advisable but in a situation whereby someone used up his or her discretionary income  and there is a Dip using our reserve  won't be wrong or bad because it is actually a left over also. Someone can use their reserve funds to front load or be aggressive where there is Dip and there is no discretionary income.

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky. Reserve fund is for future use and that use can be investing in bitcoins, landed properties etc. what i will advice is don't use your salary for any investment that is long run rather save and set aside portion of your savings for investment.

Accumulating Bitcoin during when the price is low is very good because you can accumulate many Bitcoin on low price but this doesn't mean that we should wait for the dip before we can start accumulating Bitcoin, as long as we are investing in a volatile asset such as Bitcoin there will definitely be drop in price so when that time comes we can actually buy aggressively if we have more reserve fund with over doing it but lets be accumulating Bitcoin consistently using the DCA strategy from our discretionary income and hodl for 4-10 years or even more than.

[red4slash]

Buying the dip is a good idea because every investor targets when the prices of goods and services is on the low ebb before buying in a large quantity. Almost every investor invest with money set aside for that very purpose. Investors don't invest with all their money because that will be too risky.

It depends on which method you choose for bitcoin adoption because for those who focus on buy dips or lump sums maybe this can make sense but those who buy bitcoin from DCA that are done things like this don't really apply because they can buy flexibly according to their consistency in the sense that whatever the price is they will buy as long as they can afford to buy.
So with the DCA method by not seeing any price to buy, those who make DCA can be more flexible to enter and buy not waiting for the price first because this will be considered a waste of time for something that even becomes speculative.

In addition, we as investors do not buy aggressively using all our money, which is a risky thing but I think this is more about us trying to manage cash flow.
We can't aggressively spend all the money we get because we also need to live in the sense that we need money to keep our lives going according to plan so that we don't focus on the future but we don't think about our daily lives and needs because investing in bitcoin is not 1 day, 1 week or one month but this can take a much longer period of time.