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.

Dollar Cost Average is the most reliable method for both newbie and old investors and anyone who is having doubt in Bitcoin investment should not even think of investing or starting because they are likely to sell off their coin whenever the price of Bitcoin is going down because since they already have doubt in their heart or mind and they saw the price going down, it will appear to them that what they have been thinking about Bitcoin is coming to pass when it is just normal market movement and aside Bitcoin investment anything one is having doubt on, they might end up not doing the thing well because there mind is not clear or made up. Bitcoin is a very nice asset that one shouldn't think twice to invest in because of it existence and potential.

They can still invest in bitcoin if told the nature of bitcoin investment that's the UP and DOWN of bitcoin price they can aswell still invest with little amount using the Dollar Cost Average then along the process they will know that bitcoin investment wasn't what they were expecting it to be then they will have the trust to buy more bitcoin if they have their left over money to buy bitcoin instead of not trying to accumulate bitcoin.

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as we all know trading is also part of bitcoin investment not only by accumulating and holding for long period of time,

It is a very big error to say that trading is part of investing in bitcoin, how does it even sound? Bitcoin investment and trading are far two different things because trading talks more about buying when the price is low and selling when the price is high while bitcoin investment has to do with buying at any price point and hodl for long term increment which will also attract profits along so you can see clearly that trading and investing in bitcoin are not talking about same thing.

I think the point your pointing out is crucial because many has the conception of comparing trading and Bitcoin investment not minding that if a woman and man is found in the same room doesn't mean they are same gender, trading and investment just as you have clarified are not the same the only relationship between their two is the profit which also differs in time because investor has to Wait and keeps buying till he meet or hit the expected rise while trader cut off with short time and always take little profit .

Patience will only be there if you have the ability to take the risk of investing, you should note that if you invest in Bitcoin on a weekly basis following the DCA method, then patience will be ensured here. Because if you can invest for 100 weeks or 200 weeks continuously, your investment will definitely be big and it will be possible to be patient during this time, whenever you start investing in Bitcoin, the investment will immediately attract you.
Because if you invest in Bitcoin with the money that you used to spend unnecessarily, then it is an additional income for you. Therefore, you should give the most importance to investing in Bitcoin, because investing in this DCA method will play a huge role in making your life self-sufficient.

You are absolutely correct, Patient is the key to long term investment and this patient is mostly achieved once you don't have financial stress which is advisable to set aside some fund for basic needs like wise have emergency fund. Accumulating bitcoin using DCA method can not be over emphasize because is working perfectly well for me. Is a key to long time investment as it gives you rest of mind while achieving your financial freedom. I think also studying the trend of bitcoin movement will also be an added advantage to buy the Dip and set your target. Most importantly never you stop investing in bitcoin because is the key to financial freedom.

If only we can tell our selves the truth I also think that studying the trend of Bitcoin market movement shouldn't be associated with a newbie investor, even though buying at the dip can offer such advantage of buying more Bitcoin at a lower price, it will be more advantageous for a newbie investor to focus more using the DCA strategy effectively weekly or monthly rather saving money and that would have been use to buy with the dca strategy while studying the trend of Bitcoin movement for a dip that are not sure of.

Studying the Bitcoin market trends before making a purchase is not good either to an experience Bitcoin investors, it's not only tied to a newbie investors, because it's pointless analysing or studying the Bitcoin market trends before making a purchase, do not forget that we are still in the early days of Bitcoin invention, so it's still very cheap comparing to how much it might get up to in the future, so what's the point studying the market when it's already cheap and no where near how much the value of Bitcoin might spike up to in the future, so in my own opinion, it doesn't matter wether you are a newbie or a veteran, just buy once your discretionary income is available, no time to waste in doing things that will only delay your accumulation of Bitcoin, especially when you are still lagging behind in your accumulation journey.

That the price of bitcoin is low now compare to what it will be in the future doesn't mean that bitcoin is cheap, bitcoin is not cheap as you think.