Re: Buy the DIP, and HODL!

what matters in bitcoin investment for long time is your decision, because I know very well that if you have the mindset to accumulate your bitcoin you will leave your bitcoin stay as long as you want, but a process whereby you don't have don't have the mindset to accumulate bitcoin you will not have a decision of keeping your bitcoin for long-term, theirs no maintenance in keeping your bitcoin to anytime you like, keeping bitcoin long time or not keeping for long time is your decision.

A good mindset is to buy with a DCA strategy, manage financial traffic well, then investment will be easy to plan for the long term. Work hard and find additional income to be able to buy more aggressively or accelerate our investment targets.

When investing for the first time, of course, doubts must be eliminated. We must focus properly on what we want to target in investing in bitcoin. If we target the accumulation of 1 BTC in the next 2 years, of course we must focus and find additional income to support the smooth purchase so that it is not hampered by a single stage.

Investments should be done in such a way that investments are never burdensome to us. When we can invest to meet all our needs or needs, we will not feel investment pressure and we will be able to succeed by planning that investment for a long time in a relaxed way. When it comes to investing I think some proper planning is necessary before starting, everyone has a different investment plan like how long he will hold his investment as well as how he will manage his investment. If investment can be planned in this way and if that investment can be done according to DCA investment strategy, then I think this investment strategy will be an effective investment strategy for the investor on the one hand and this investment strategy will help the investor to make long term investment. At present most of the investors are seen investing using DCA investment method so undoubtedly this investment method can be considered as an effective investment method.

Dca strategy is not the only strategy for accumulating bitcoin and the fact that an investor is using dca strategy does not stop him from making use of the other strategy. An investor can combine two of the strategies or all while accumulating bitcoin. He can be doing dca and still buy the dips when it occurs and also do lump buying when extra cash arises. So I believe none of the strategies are ineffective since an investor is not refrain from making use of the other strategies while using dca.

I think you are misunderstanding Lidger, he or she is not saying that DCA method is the only method for accumulating Bitcoin rather what Lidger was saying is that DCA can help one invest at any price and DCA can also help investor to invest regularly unlike to buy when there is Dip and lump sum. Any other method or strategy is still effective and good but the most reliable one is the DCA because it allows both the rich and the poor to invest without any stress and with a desire amount unless they decide to a change. You can use all the strategy if you wish and if you have the capacity because not everyone has the capacity to use the three strategy but anyone who can use the three method will grow their portfolio within a short interval.

Investing by DCA doesn't mean that anyone is ignorant of the fact that accumulation by other means may help increase your wallet within a very short time. One goal of using the DCA method is to avoid financial stress and ensure longevity hodl. Introducing lump sum into bitcoin may trigger financial stress which may lead to selling of bitcoin before your supposed time. Gradual accumulators hold longer.

There's no bitcoin strategy that will trigger financial stress; if you can figure out your finances and know the type of bitcoin strategy, it can possibly allow you to accumulate bitcoin without passing through difficult times. The only problem some investors have is that they will know too well that their money won't allow them to invest in bitcoin with a lump sum, but yet they will still ignore it and buy bitcoin with a lump sum strategy, and before you know it, they will start struggling to solve their daily expenses because they have invested in bitcoin aggressively. The only time you can use a lump sum strategy to buy bitcoin is when you have figured out your finances and know that if you buy bitcoin with a lump sum strategy, it won't stop you from solving your daily expenses.

Yeah you are right, it is very important we know our financial strength because when you know your financial strength it will help you know the Bitcoin strategy that will be more easy for you, the reason why they are different strategy is because there different financial strength and different income follow so is better to first of all go through all the different Bitcoin strategy that are available and then match each with your finance anyone you feel will be more comfortable and convenient you then you it, is very wrong if we choose a strategy because we feel other people are using it, or we feel it will be more fast, the right way is if the strategy matches very well with your finance and we are comfortable with it.

As a newbie in bitcoin investment you should use the dollar cost averaging strategy since there will still be some doubt in you concerning bitcoin investment you can use to start buying bitcoin gradually at regular interval regardless of bitcoin price.