Three best ways to hold bitcoin combined.

[Dave1]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

[Mayor of ogba]

The second one is to average buy buying the dip. When bitcoin price fall to like $100000, you can buy bitcoin. When the price fall to like $90000, you can buy more bitcoin and do on.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

[Odohu]

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

Because of the confusion that comes with some of these methods, I have tried to abstain from them and focus mainly in applying the DCA method which was also mentioned as one of he ways. The DCA method helps me focus on buying and not worrying about the price or market sentiments. In addition, the DCA method helps me remove my mind from selling as I'm more concerned about buying and because the amount is lower, it does not pose any burden to me.

[JayJuanGee]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

Selling is not holding.

Did you read the topic of the thread?

Do you realize the way this thread is being discussed in terms of accumulating bitcoin?   The three ways of accumulating bitcoin are lump sum, DCA and buying the dip.  Selling is not a way of accumulating bitcoin, yet is a way of trading and/or gambling.  At the same time, holding could well be a way of not selling bitcoin when a bitcoin investor might run out of money to buy more bitcoin, no?

You might think that you are in a trading (gambling) thread, when this is an investing thread.

Did you know that investing is different from trading, even though some traders don't seem to know the difference and they talk about investing and trading as if they were the same thing.

The second one is to average buy buying the dip. When bitcoin price fall to like $100000, you can buy bitcoin. When the price fall to like $90000, you can buy more bitcoin and do on.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

You are completely correct Mayor of ogba.

Waiting for the price to go down is buying the dip, and buying the dip does not convert into lump sum merely because the buyer is using a lot of money.

There are mostly three kinds of lump sum.  

One is coming to bitcoin with an already existing amount of money that might be considered to buy right away, DCA or buy the dip... but the lump sum is available for using to buy in any of the three ways.

Two is receiving some extra amount of money, either by pay, or gift or by having way less expenses than expected that might be considered to buy right away, DCA or buy the dip... but the lump sum is available for using to buy in any of the three ways.

Three is making extra money come available by either taking it from savings or from some other investment or maybe getting loans that might be considered to buy right away, DCA or buy the dip... but the lump sum is available for using to buy in any of the three ways.

So yes lump sum is different from buying the dip, even though sometimes when lump sum is available then one of the options might be to choose to save some or all of that money for dips that may or may not end up happening.

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

Because of the confusion that comes with some of these methods, I have tried to abstain from them and focus mainly in applying the DCA method which was also mentioned as one of he ways. The DCA method helps me focus on buying and not worrying about the price or market sentiments. In addition, the DCA method helps me remove my mind from selling as I'm more concerned about buying and because the amount is lower, it does not pose any burden to me.

DCA tends to be more common and more convenient since a lot of the time guys do not have lump sum amounts come available to them, either at the beginning of their investment or even later down the road.

However, if you are in the practice of DCAing into bitcoin on a regular basis and also ongoingly strengthening your cashflow management systems/practices, then it is more likely that the longer that you deploy those practices, then the more likely that you will put yourself into a position to be able to take advantage of lump sum amounts if they do end up presenting themselves to you at a later point down the road.

[Different patterns]

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

Because of the confusion that comes with some of these methods, I have tried to abstain from them and focus mainly in applying the DCA method which was also mentioned as one of he ways. The DCA method helps me focus on buying and not worrying about the price or market sentiments. In addition, the DCA method helps me remove my mind from selling as I'm more concerned about buying and because the amount is lower, it does not pose any burden to me.

DCA tends to be more common and more convenient since a lot of the time guys do not have lump sum amounts come available to them, either at the beginning of their investment or even later down the road.

However, if you are in the practice of DCAing into bitcoin on a regular basis and also ongoingly strengthening your cashflow management systems/practices, then it is more likely that the longer that you deploy those practices, then the more likely that you will put yourself into a position to be able to take advantage of lump sum amounts if they do end up presenting themselves to you at a later point down the road.

I agree with your point, There is important lesson behind this that a lot of folks overlook, because dollar cost averaging I do not just see it as for folks who cannot afford to use lump sum to accumulate bitcoin, I see it as a strategy that helps many investors to stay committed and always continue to accumulating bitcoin regardless of the market conditions, because real advantage is when you join good financial habits and consistent DCA strategy and focus. And again I also like the emphasis on improving the cash flow along side DCA, as income grows, the expense becomes better manage and savings increases, that along gives chances to invest large amount whenever they become available.

And the goal is not just about to choose one strategy over the other but to build where both can work together and consistent DCA today can also create a financial discipline that will make lump sum investing possible tomorrow.

[Primark]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

I can almost say that you are planning to buy and sell based on cycle speculation, moving away from the original plan of saving. In your statement, it seems to me that you are discussing trading, which can be called almost gambling. We can discuss a four-year cycle as a possible historical trend, and that is not a problem. But the problem is when you make a trading schedule assuming that cycle is certain. Because then it is no longer a saving plan, but rather an attempt to guess the market.

You said that you can buy regularly at the lower level of the market and sell at a certain price at the next higher level. I am interested to know from you here how we can be sure that the top will be formed at that time?

It is also possible that it can go much higher than that level. Then won't you regret your decision to sell?

[samadam007]

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

Because of the confusion that comes with some of these methods, I have tried to abstain from them and focus mainly in applying the DCA method which was also mentioned as one of he ways. The DCA method helps me focus on buying and not worrying about the price or market sentiments. In addition, the DCA method helps me remove my mind from selling as I'm more concerned about buying and because the amount is lower, it does not pose any burden to me.

DCA tends to be more common and more convenient since a lot of the time guys do not have lump sum amounts come available to them, either at the beginning of their investment or even later down the road.

However, if you are in the practice of DCAing into bitcoin on a regular basis and also ongoingly strengthening your cashflow management systems/practices, then it is more likely that the longer that you deploy those practices, then the more likely that you will put yourself into a position to be able to take advantage of lump sum amounts if they do end up presenting themselves to you at a later point down the road.

I agree with your point, There is important lesson behind this that a lot of folks overlook, because dollar cost averaging I do not just see it as for folks who cannot afford to use lump sum to accumulate bitcoin, I see it as a strategy that helps many investors to stay committed and always continue to accumulating bitcoin regardless of the market conditions, because real advantage is when you join good financial habits and consistent DCA strategy and focus. And again I also like the emphasis on improving the cash flow along side DCA, as income grows, the expense becomes better manage and savings increases, that along gives chances to invest large amount whenever they become available.

And the goal is not just about to choose one strategy over the other but to build where both can work together and consistent DCA today can also create a financial discipline that will make lump sum investing possible tomorrow.

Someone accumulating with DCA, at the same time improving their cash flow by reducing unnecessary expenses, increase savings and managing their finances well, they are more likely to be in a position to take advantage of a lump sum opportunity if one comes along the way. The opportunity could come from bonus, business profit or inheritance

The point is not DCA creates the lump sum. Rather, good financial management increases the chances that you will have one available when the opportunity present itself

[Stive009]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

I think we should be careful about assuming that the same thing will happen in the future just because we saw past cycles. the Bitcoin market is much larger today than it has ever been. Institutional investors ETFs and the global economic situation can now have a much greater impact than ever before. So no one can guarantee that the next bull run will follow the same schedule as the previous cycle.
Another thing is that DCA and market timing are not the same thing. The main purpose of DCA is to eliminate the need to guess the future price. But if we think in advance that we will sell near the highest possible price, then that is basically an attempt at market timing. In reality, no one can consistently catch the top of the cycle accurately.
In my opinion, just as it is reasonable to gradually DCA to accumulate Bitcoin in a bear market, it is also a more realistic approach to DCA Out during profits. It does not have to rely on a specific price target and also reduces the risk of selling at the wrong time.

[BluebloodCXVI]

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

Since the OP of this thread is about how to hold bitcoin, i wouldn’t waste my time fucking around and thinking about selling my bitcoin at the next ATH if i were you, when i don’t even know exactly when it will happen.

The top is only more obvious in hindsight and that’s why you see some folks sell their bitcoin too early cos they thought the peak was in but ended up realizing it wasn’t.

Folks should focus on building their position well and staying consistent with their bitcoin investment. Leave all that ‘trying to time the market’ bullshit behind.

Someone accumulating with DCA, at the same time improving their cash flow by reducing unnecessary expenses, increase savings and managing their finances well, they are more likely to be in a position to take advantage of a lump sum opportunity if one comes along the way. The opportunity could come from bonus, business profit or inheritance

The point is not DCA creates the lump sum. Rather, good financial management increases the chances that you will have one available when the opportunity present itself

Yep you’re correct samadam007.
The advantage of combining consistent investing with good financial management is that you can be able to build your position steadily by investing through DCA and still have the resources to exploit any big opportunities that may arise.

[Soldroplet]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

I think your statement misses an important point. Waiting for a bear market to start DCA or planning to sell by predicting a future cycle top, both fall under market timing in some way. From my perspective, if you have discretionary income today, then you should start DCA today. Waiting for a bear market is more like trying to predict the future direction of the market.
I would like to mention one more thing. When you do DCA from discretionary income and at the same time keep your cashflow management and backup fund strong, then the decision to buy Bitcoin will no longer depend on the market price. Rather, it will become much easier to continue BTC accumulation regularly and disciplinedly in any market situation.
@JayJuanGee Sir has repeatedly said that, selling by predicting ATH should not be the main goal. Trying to catch the cycle top is basically a form of market timing. Especially for new investors, the goal should be to increase the BTC stack, not to cycle trade. Because many people try to catch the top and later cannot buy enough BTC.
In my opinion, building a sufficient BTC stack is more important than selling by predicting ATH. Because for most new investors, consistently accumulating Bitcoin over the long term is much more valuable than the potential gains of a single cycle.

[Tongley]

using DCA strategy to accumulate bitcoin with the mindset of getting rewards within intervals of 2 to 3 years is very wrong and risky. Holding bitcoin for 2 to 3 years with hope of selling at bull run in other to make profit is trading and the possibility of selling at bull run may not be there because you can't really speculate when there will be a bull run or not.
Being consistent can makes an investor to be able to position there bitcoin holdings in order using DCA strategy.

Of course Bitcoin is a speculative asset, but there are certain phases in it's lifetime, like every 4 years or after the halving, there will be a bull run. That cycle hasn't broken yet so you can say that after the next schedule halving then there will be a bull run.

So it's safe to say that starting at a bearish cycle, then that is the time that we should accumulate and do DCA. Just continue as long as you can even if we are in the bull run. But at least understand where the all time high might be and you can sell around that price to make a lot of profit just for a single cycle.

In this thread, we always discuss long-term investments and the topic of this thread is long-term investments. So I hope we do not tell anyone to invest in the short term or make them face losses by stepping into short-term investments. Because in short-term investments, the possibility of a person losing money is much higher.

A person who has a long-term investment goal can buy at any time. For a long-term investor, the highest price in history is much lower than the future or equivalent to $ 100. An investor who continues to DCA will not be reluctant to buy at the highest price and will not be reluctant to buy at the lowest price. Every time is the most suitable to buy. A person who waits for a decline to buy may be a short-term investor or he may never start investing.

[Proty]

The second one is to average buy buying the dip. When bitcoin price fall to like $100000, you can buy bitcoin. When the price fall to like $90000, you can buy more bitcoin and do on.

The third one is lump sum when you think that bitcoin price has fallen very well, you can use the remaining part of your money to buy bitcoin.

What you said about lump sum doesn't fit into the definition of lump sum, it best fit buying the dip strategy, because investor A can decide to wait for bitcoin to fall to $100,000 before he will buy bitcoin, Investor B can decide to wait for bitcoin to fall to $90,000 before he will buy bitcoin, while investors C can decide to wait for bitcoin at $60,000 in order to buy bitcoin, which is all regarded as buying the dip. In my opinion, lump sum entails buying bitcoin with large amount of money depending when the money is available, and whether the price of bitcoin is $70,000 or $120,000 at that time it doesn't stop you from buying bitcoin.

There are people that kept making this mistake repeatedly of always referring to buying the dip as lump sum buying. Lump sum buying has nothing to do with waiting for the price of bitcoin to dip before buying. An investor can lump sum whenever the needed cash is available to do so without waiting for the price of bitcoin to decline before they can buy. Therefore, as long as an investor is waiting for the price of bitcoin to decline before they start buying it is not lump sum buying but rather buying the dip even if the money used is large amounts. To some folks they feel that lump sum buying is just all about using large amounts of money to buy bitcoin even when they are waiting for a price decline.

[laspol65]

Because of the confusion that comes with some of these methods, I have tried to abstain from them and focus mainly in applying the DCA method which was also mentioned as one of he ways. The DCA method helps me focus on buying and not worrying about the price or market sentiments. In addition, the DCA method helps me remove my mind from selling as I'm more concerned about buying and because the amount is lower, it does not pose any burden to me.

Following the Bitcoin DCA method is a very good and advanced plan, this DCA method will help you to hold Bitcoin in the long term and without any obstacles in the future. But for this you must follow some strategies, one of which is to form an emergency fund, if you form an emergency fund, your investment will be safe and it will be very beneficial to hold your Bitcoin holding in the future. And this DCA method will help you to get more Bitcoin,
Because it is a small amount, so if you follow the DCA method weekly, it will be best for you. Because you will get the opportunity to buy Bitcoin four times every month, which will help you to grow your portfolio the most.

[samadam007]

Following the Bitcoin DCA method is a very good and advanced plan, this DCA method will help you to hold Bitcoin in the long term and without any obstacles in the future. But for this you must follow some strategies, one of which is to form an emergency fund, if you form an emergency fund, your investment will be safe and it will be very beneficial to hold your Bitcoin holding in the future. And this DCA method will help you to get more Bitcoin,
Because it is a small amount, so if you follow the DCA method weekly, it will be best for you. Because you will get the opportunity to buy Bitcoin four times every month, which will help you to grow your portfolio the most.

DCA is not an "advanced" strategy. In fact, it is even the easiest and safest method to accumulate BTC, that’s why beginners and even experienced investors use it for long term BTC accumulation. It’s main strength is that it helps folks to stay consistent, not that it removes “future obstacles”

The best DCA schedule depends on how they earn there income and manage their finance. Someone earning every week can decide to go for weekly DCA, while monthly a earner might find monthly DCA easy to maintain; the important thing is choosing a suitable schedule that they can stick with over time. And let me correct you, buying BTC four times in a month don’t automatically mean your portfolio will grow more than someone who buys once or twice a month.

What determine portfolio growth is the amount they invest, how long they hold, and Bitcoin long term performance….not simply the number of times they buy in a month