Quote from: Ruttoshi on Today at 09:19:47 AM

Quote from: Chiomaobi on Today at 08:22:58 AM

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DCA means using an amount maybe $10, $50, $100 or from your discretionary income based on your own case to buy bitcoin regularly weekly or monthly without skipping any one for 4-10 years. While buying at the dip is when an investor keeps his money in fiat and everyday, he is busy watching the chart and bitcoin price hoping to see a dip for him to be able to buy. The annoying thing with these set of investors who do not have enough Bitcoin and is waiting for the dip, always have their own price in which the want bitcoin to fall to be they will buy. So e of them will end up waiting till infinity without buying one Satoshi.

I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin. Perhaps such a person will need 20-30 years or more to really get to a decent place with his/her bitcoin stash.

For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.

Quote from: Agbamoni on Today at 01:50:14 PM

Quote from: Tmoonz on Today at 01:44:53 PM

The concepts or idea of the lump sum completely has nothing to be talked about in terms of buying the dip, the idea of the lump sum buying has to do with making purchase of Bitcoin with the huge sum that is readily available to be invested right away without considering whether the market condition is in dip or not.

Bro you are wrong here and you tend to sound like you are right. Lump sum still involves buying the dip, it depends on the investor whether he chooses to Lump sum at any time without minding the price of the market or he may choose to Lump sum during the dip. And it is true that the best time to Lump sum is during the dip and then DCA through any market interval. In my own opinion this is the right approach to follow an investment. If there are extra buck that comes in along our investment, we can choose to wait for the dip then and when it comes, we Lump sum as well.

Tmoonz has the right idea.

The mere fact that you have extra money that you are holding aside to buy the dip does not convert that into lump sum, merely because the amount might be larger than your normal buys.

The three main strategies in accumulating bitcoin is DCA, buy the dip and lump sum. Sure you can combine these strategies and even front load your investment by buying more in the beginning, yet if you really want to attempt to apply strategies in differing ways, sometimes there may well be advantages to understanding the difference between the practices in order to take advantage of such differences, and yeah, whether you know the advantages and disadvantages or not, you can do whatever you like and call it whatever you like, even though you might cause confusion when you are not able to differentiate between what is buying the dip and what is lump sum and what is DCA.

Quote from: Mayor of ogba on Today at 02:24:28 PM

Quote from: Chiomaobi on Today at 08:22:58 AM

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I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price.

You only advantage from holding money aside to buy the dip if the BTC price actually dips. So how could you always advantage from buying the dip if the BTC price does not end up dipping?

I think that another valid point that Chiomaobi was making is that some of the newbies that he knows get so caught up in terms of strategizing whether or not to buy the dip and what is a dip and all that bullshit, so they put themselves into more of a waiting rather than an acting kind of mindset (and practices), so many times it may well end up being a lot better to just act and to continue to buy BTC, even if your average cost per BTC might be higher .. .. and in that regard, you stay in a buying mindset rather than a waiting mindset.. and yeah, sure there could be circumstances in which the waiter will actually get more advantages and end up buying more BTC than the one who regularly buys BTC, but really? does it make a difference, and maybe it is better to just continue to buy until you get to a certain level of BTC accumulation and then thereafter (when you have accumulated a decent amount of BTC) begin to strategize about buying dips rather than just buying regularly, persistently and consistently in your earlier BTC accumulation stages.

Sure in the end, guys can do whatever they like in terms of figuring out the extent they might be advantaged by holding some money aside to buy dips or just to buy BTC regularly no matter the price.

Quote from: Tmoonz on Today at 03:03:13 PM

Quote from: Agbamoni on Today at 01:50:14 PM

Quote from: Tmoonz on Today at 01:44:53 PM

The concepts or idea of the lump sum completely has nothing to be talked about in terms of buying the dip, the idea of the lump sum buying has to do with making purchase of Bitcoin with the huge sum that is readily available to be invested right away without considering whether the market condition is in dip or not.

Bro you are wrong here and you tend to sound like you are right. Lump sum still involves buying the dip, it depends on the investor whether he chooses to Lump sum at any time without minding the price of the market or he may choose to Lump sum during the dip. And it is true that the best time to Lump sum is during the dip and then DCA through any market interval. In my own opinion this is the right approach to follow an investment. If there are extra buck that comes in along our investment, we can choose to wait for the dip then and when it comes, we Lump sum as well.

It is very problematic to confliate the terms of lump sum buying and buying on dips as both strategies has their unique functionalities with meaningful differences such that you can not refer any kind of buying the dip as a lump sum simply because you are buying with a larger amount of money more than your usual, the idea of the lump sum buying has to do with an investor decision in terms of investing a huge amount of money that is readily available for investment and decided to invest this money right away such that it has nothing to or necessarily connected with whether or not there is a dip but rather it has more to do with your personal decision, the lump sum strategy are unique on its own such that at some time it is use as an upfront or front loading investment strategy.

Yes... I said something similar.. but yeah.. that sounds like the right idea to consider advantages and disadvantages of various strategies, and surely some strategies will be better or worse for guys, yet each of us has to decide for ourselves in regards to which strategies to use and to live with the consequences of whichever choices we make in regards to our strategies.

Surely there are some folks who rarely get opportunities to lump sum buy bitcoin (or any other investment), yet sometimes if a person is engaged in good cashflow management practices, s/he might be able to advantage from situations that he had not previously thought were available to him.. which is one of the advantages of already have a plan and practice in place, when opportunities (of extra money) come, the plan and practice is already in place to be able to take advantage of the opportunity rather than spending the extra money on potentially frivolous and unnecessary things that may well not have as many longer term advantages as compared to investing into bitcoin.