Re: Buy the DIP, and HODL!

Hopefully many of us are wanting to invest into bitcoin in order to have more options down the road in terms of 4-10 years or more, yet surely there are folks who will consider bitcoin as a trade on shorter timelines, and none of us can really persuade others in terms of the goals that they might want to have in regards to both why they got into bitcoin and the extent to which they might be striving to invest into bitcoin rather than merely trading it.

Yes, and for my personal experience, I never heard of DCA before, specially in the beginning of my "career" here back in 2017, all I heard by invest on it in the long term, and then the obvious be a trader so that you can earn from this market. But later on, I learn how to invest, I read others suggesting to do DCA to help me out, and then as I go along, there is a learning curve for me, choosing my options (e.g. weekly or monthly fixed amount), and then you will hear some saying to time the market. But with DCA you don't need that, but instead just be consistent and then buying more when the price goes down.

I have similar experience with you, the only difference is that you started way earlier than me and while you did more of trading at your earlier years, I did a little of that but I wasted my money investing in shitcoins, actions I still regret till date. My only consolation is the fact that I learnt the DCA method from this forum and started applying it, since then I have experiencing exponential growth in my Bitcoin portfolio. Indeed, the DCA method is organized and systematic and have this way of making the investor think more of buying than selling. The moment you consciously start applying the DCA method, you will be filled with only the thought of buying more and selling will never be appealing to you. I will not be surprised that the increased number of people owning Bitcoin now is somehow related to the popularity of the DCA method, although you should not take my word for it because it is just my reasonable assumption.

Everyone feels good when BTC prices are at all time highs, so part of the reason that I frequently suggest getting through a whole cycle or two, because sometimes even the best of practices may end up having extended periods of being in the negative (on paper), and so some guys might get discouraged by their BTC being in the negative, and sometimes the period of being in the negative could end up lasting a couple of years or longer...of course personal details regarding timing (when he got in) can also make differences, too.

To invest in Bitcoin, you have to be strategic, that is, you have to adopt some strategies. The investor has to be patient and a long-term perspective is very important. And long-term investment can usually be done by waiting for a few cycles. Because the price of Bitcoin basically fluctuates in a big cycle. One cycle basically lasts for four years. Because halving occurs here every four years.

Traders feel very happy when their business makes a profit, this is basically a very natural thing, just like investors in Bitcoin are very happy when the price increases. But when the price decreases, many investors break down and lose their confidence. For this reason, it is very important to learn from the entire cycle. The price of BTC is unstable. It is normal that it can decrease, but it does not mean that it will continue to decrease for several cycles. It will definitely increase after passing one or two cycles. The price of Bitcoin was very low one or two cycles ago in 2024. Therefore, the investor must look back at two or four cycles and strengthen his mind when the price decreases.

Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.