Re: Buy the DIP, and HODL!

Well, if you think that buying at a dip is trading, then I suggest you get involved properly in trading for a while and come back to investment after, so that you can be able to differentiate between trading and investment by buying Bitcoin during the dip or making use of DCA strategies.

Well I don't know the quite you're replying too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because there could be other dip in markets under trading and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC buying the DIP is a good strategy for buying more BTC with lesser funds although this same strategy could be used by traders too since btc has always been in an uptrend buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm I trying to prove Huh

Quote

For me I see buying only when the market is DIP as trading.

This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we emphasize on the word ONLY.

Well, from the beginning of your first comments, I understood the whole thing that you were saying, and I understand your points clearly. If a trader is buying at the dip, he's hoping to sell at a high price because everyone into Bitcoin (trading or not) wants to make a profit. In Bitcoin trading, everyone who's doing it must always keep their eyes on the market to make sure what is happening so that they will be able to know if they will sell or not. Buying a dip is another method of investing in Bitcoin and both traders and investors can use that method to buy Bitcoin. Traders are not different from short-term investors because those people can not hold for a long term.
The difference with the DCA method of buying dips is because, with DCA, you can buy at every given opportunity (whether Bitcoin is high or not), ones you have the money. But as you are using the DCAing strategy to invest in Bitcoin, then you eventually meet Bitcoin at dip time you should be able to grab that opportunity and buy as much as you can.

A trader can start trading during the dip but won't have the patience to hold the Bitcoin he bought because he's not an investor of Bitcoin but a trader. I advise anyone that's ready to make an investment in Bitcoin to use the DCAing strategy, because regardless of the price of Bitcoin, one can still invest any amount they want and can achieve what they want if they always DCA as planned from their portfolio (just like I have said earlier). When you are buying Bitcoin at the dip, you won't be given the opportunity to buy it always because, as Bitcoin's price is fluctuating, sometimes it goes up, and sometimes it comes down, but using the DCAing strategy allows you to buy even when Bitcoin is up or down in price.

I don't actually think it's proper to be mentioning trading in this thread, because I believe that this thread is meant for Bitcoin investment only, so I suggest you take your trading discussion to the right place.

And as for Bitcoin investment and accumulating process, I believe that the DCA accumulating strategy is the best among them all, because you will buy in your own convenient, either weekly, monthly, and what makes it very special is that you can also buy the deepest part of the deep, which the person relying on lump sum method might miss out due to the fact that he thought the price of Bitcoin will go deeper, and as long as you are a long term holder, which have accumulated a very good stash of Bitcoin, you are definitely going to be successful in your investment.

I believe in terms of methodology to accumulate Bitcoin we can't really tell wether one using DCA will be more aggressive in accumulation than another using lump sum. DCA opens room to buy at every market situation but having a good stash of it depends on how each individual accumulate wether aggressively or conservatively.

Yeah we all need to hold for a long term and also view Bitcoin investment in long run but that doesn't certify wether anyone is gonna be successful. Some might take time to be in good profit or even reach maturity stage, so if you wanna be successful then accumulate more with a target and not allowing room for exhaustion.

Everything is said, for those of us who do not have enough money to buy 1 bitcoin we have to be smart, and buy in each dip, in each pullback that must mean a good option to buy, whether it is 100usd or what we have available, always It is a good option to do it, there is no need to invest, we are human beings who must learn to have and take advantage of the opportunities, to do the DCA you also have to have a lot of discipline, because I have seen people who say they will do it and then They take out their investment because they needed their money , I don't blame them, but they should have more discipline in that regard.

I I disagree with this statement. People who can't buy one bitcoin with a lump sum should not wait to buy every dip of bitcoin; they should start accumulating bitcoin with the DCA strategy, so they will not try to time the market and get delayed in their bitcoin accumulation journey. What if there is a dip and there is no money available to buy the dip? They will miss out on that bitcoin dip and wait for another dip to happen, which could have a negative effect on them to change their minds about investing in bitcoin. The DCA strategy allows us to freely accumulate bitcoin when the money is readily available without looking at the price of bitcoin because we can also buy bitcoin with the DCA strategy when the price is increasing or decreasing. Do not give a wrong impression about the DCA strategy; we have newbies here, and before they think the DCA strategy is not a good strategy to use in accumulating bitcoin, those folks you said they took out their money from their bitcoin investment, because of the discipline in the DCA strategy, they don't understand bitcoin and know what to put in place before they can start their bitcoin accumulation journey. I bet you that if those folks still accumulate bitcoin by buying the bitcoin dip alone, they will still sell their investments. The DCA strategy discipline is straightforward to keep; anyone who doesn't succeed with the DCA strategy in bitcoin investment will find it hard to succeed in bitcoin investment with another strategy or will not succeed in bitcoin investment.