Quote from: Zackz5000 on March 14, 2025, 05:20:47 AM

Accumulating Bitcoin only during the dip shouldn't be seen as an investment but trading/gambling in as much as people can do what ever they want or what works better for them accumulating only at the dip shouldn't be a recommended strategy for it is only unserious investors who started bitcoin investment that will only be accumulating Bitcoin when there is dip probably in other to sell when the price increase, one you won't have enough bitcoin stack no mater how aggressively you such person will accumulate during the dip since it's something that doesn't occur frequently so accumulating Bitcoin with DCA strategy will be more better since one can also accumulate Bitcoin when there is a dip or not if properly you don't have the enough discretionary income to even lump sum you can stack much bitcoin consistently and persistently using the DCA strategy instead of always waiting for dip which is considered to be trading.

I would not consider ONLY buying the dip to be trading or gambling, unless there are intentions to sell bitcoin on a periodic basis.

Some folks who ONLY buy the dips are trying to keep their BTC costs low, and I would consider that as being a whimpy way of investing into bitcoin, even if the intentions may well ONLY be to buy bitcoin and not to sell until reaching a large accumulation level.

Many of us know that some folks are attempting to combine both DCA investing and buying the dip, which is not very problematic, unless the buying the dip practices are outweighing and drowning out the DCA practices in which the person is spending way too much time trying to strategize buying dips rather than buying persistently, consistently, ongoingly and perhaps even aggressively.

It can be difficult to retain the right kind of a mindset if guys are so focused on dip buying and deprioritizing regular and ongoing buying, around weekly.... especially if a guy is new to investing into bitcoin and especially if he is in his first whole bitcoin cycle, since it could take a couple of cycles to really start to build up a decent bitcoin stack size and also to benefit from compounding effects of the already accumulated bitcoin, so surely the ONLY ones who are able to potentially transition out of regular DCA buying of bitcoin would be those who had spent a decent amount of value to front load their investment into bitcoin, so they might be able to get to a status of having several years (perhaps even close to 10 years or more - valued at the 200-WMA valuation) of their expenses invested into bitcoin including potentially also being in the earlier years of starting to feel some compounding value effects in regards to the BTC stash that they hold (and/or manage).

Quote from: fikrett on March 14, 2025, 11:51:24 AM

Quote from: Muba20 on March 14, 2025, 10:15:23 AM

Quote from: EarnOnVictor on March 13, 2025, 09:09:09 AM

Quote from: Muba20 on March 13, 2025, 05:46:30 AM

It will be very difficult for those who do not follow Bitcoin's DCA and only try to buy Bitcoin from the dip.

You are very wrong, I've done both and to be honest, after the last 3 years, dip buying profited me incomparably more. The DCA strategy is a choice and it only averages your risks and profits, it doesn't make it better, let's stop this misconception.

Your financial situation may be good. You can hold a large portion of Bitcoin if you want, which is not suitable for everyone. Moreover, it is also uncertain that how much bitcoin price go dip. Especially if I want to buy Bitcoin when the price of Bitcoin reaches 30k? It may be, but the reality is different. Bitcoin can go dip, but it may be difficult to reduce below 50k at this moment. And if that does not happen, will I be able to buy Bitcoin according to my needs? Of course not. An ordinary investor who does not have the money (Lump-sum) to invest in Bitcoin, but if he can keep some of his discretionary income in Bitcoin, then even if he does not get a dip, he will be able to hold Bitcoin at least to some extent. A person who waits for his expected dip will not be able to hold Bitcoin. An investor can use any strategy to hold Bitcoin. Ordinary investors who do not have enough money can use this strategy. This strategy can certainly give investors the most benefits for long term holding Bitcoin than any other strategy.

It all comes down to personal preferences and abilities to invest properly and keep the risks low.
The results would still lead toward a positive result if a person would be able to hodl through the cycles to come.

In bitcoin, if you are long term investing, you would not be looking at less than 10 years for investing unless you have some age or health considerations that might cause you the potential of needing to start to cash out and or to draw down your bitcoin investment in 4-10- years rather than more than 10 years.

Sure some folks might come to bitcoin without having conviction to invest 4-10 years or longer, yet they should try to realize and appreciate that bitcoin will likely be better considered as a longer term investment of 4-10 years or longer and not to consider bitcoin as a trade or something that is completely cashed out of after spending many years accumulating it and building up its size. There is no evidence that bitcoin's in vestment thesis is getting any weaker and it is quite likely that even 10 years or more down the road bitcoin will continue to have one of the best, if not the best investment thesis.

Quote from: Zadicar on March 14, 2025, 02:41:40 PM

Quote from: fikrett on March 14, 2025, 11:51:24 AM

[edited out]

Totally depends on someones preference and on the financial capability of a certain individual, because at the moment or time that you do made out yourself that having considerations on making up some investment then it will always be pertaining into that financial capability of you to buy up whether on Bitcoin or with altcoins. Holding is really just that an option but since not all does have the same level of patience then there will really be those individuals who would really be that wanting on trying out to deal up with shorter day trades on which this is that much riskier but somehow it is really that giving out that opportunity for you to make profits on a short time duration. This is why its really that recommended that you do really know on what you do wanted and what you do really prefer. Is buying Bitcoin too late? No its not on which its really just that basically that people are really that wanting to buy when the price is really at the bottom and thats why they do really wanted to do that.

We are not talking about shitcoins in this thread, and I doubt that there is any validity to invest into any shitcoin, so I am not sure why you mentioned shitcoins as if they were similar to bitcoin.

Do you know the difference? Did you mention shitcoins because you were trying to sound smart, as if shitcoins were similar to bitcoin?

Well if you were trying to look smart, you look stupid to be making an assertion that any shitcoins actually have any kind of investment thesis, rather than just something maybe to get into and to get out of if you are into gambling and/or trading.. which is also a bad idea.. and does not really relate to investing into bitcoin.

In other words, don't be fucking around with shitcoin, and also don't be bringing up shitcoins in bitcoin threads and trying to mislead people into believing that they are similar... or perhaps you don't even know the difference, so you probably should be spending time to learn about bitcoin first so that you actually know what bitcoin is as compared with shitcoins.. or at least to see shitcoins for the shit that they are once you learn what bitcoin is.

Quote from: john_egbert on March 14, 2025, 03:34:46 PM

Quote from: Abiky on March 14, 2025, 03:32:52 PM

Quote from: summonerrk on March 12, 2025, 02:17:39 PM

Among all my cryptocurrency-loving friends, opinions on buying Bitcoin are divided. Audrey says that this is a great time to buy cheap cryptocurrency number one. And others are afraid of a further price drop, because Trump is introducing tariffs that act as a shock to the entire American economy.
Plus, there is a possible risk of a recession within a year. And all this is understandable - investors are withdrawing money because they are afraid of unpredictability, and they do not want to lose money. I am sure that most people did not expect Trump to have such an impact on cryptocurrencies. The growth was only based on expectations, and now they are not being met.

Skepticism is the main reason why some people steer away from Bitcoin. Part of this has to do with the fact that market prices are unstable (volatility) and not many merchants accept it as a payment method. We're still in the early days, so there's plenty of time for Bitcoin to grow. CBDCs aren't even a thing yet (even though a small number of countries launched their own). Once the whole world becomes "cashless", mainstream adoption for Bitcoin will skyrocket.

I'd expect BTC to sit within the "millions" (in USD) by the time this happens. If I were you, I'd start buying and "hodling" BTC now to prepare myself for the future. The earlier you start on Bitcoin, the better. The dream is to get rich with BTC, right?

The dream is about not getting on the train when it already passed a threshold of no return, when you would be able to get only sats for the same money we worry about today, not investing them while we can.
Cool

We cannot turn back the clock, so anyone new to bitcoin needs to just figure out a way to get started buying bitcoin, and perhaps in the beginning to start out conservatively while they are figuring out the cashflow management, yet anyone not getting started sooner rather than later is likely going to be disadvantaged by starting later.

Sure, there are no guarantees about short term bitcoin price direction, yet there also aren't any real justifications for newbie bitcoiners to be attempting to preoccupy themselves with short-term bitcoin prices.

Getting started is important no matter the BTC price.. whether it is around $80k to $110k in these current times or whether it is $200k to $500k later in this cycle or even if the BTC price might drop and go back up, there likely are benefits in regards to getting started sooner rather than later and establish plans and to carry out plans that relate to individual factors (9 of them), which also may well take a long time to build up a decently sized bitcoin stash, no matter the bitcoin price since we cannot really have a lot of confidence in the direction of the BTC price no matter even if it might seems that we might end up starting out investing into bitcoin an the price might seem high, yet if we are a low coiner or a no coiner, then we likely need to buy bitcoin rather than to use waiting as our investment strategy.

Quote from: Agbamoni on March 14, 2025, 04:01:18 PM

Quote from: JayJuanGee on March 14, 2025, 03:43:04 AM

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....The reason why we more about the DCA strategy and sometimes buying on the dip is because both of them can be carried out without hindering the other.

Of course, there are trade-offs for each of the BTC buying strategies of 1) DCA, 2) buy the dip and 3) lump sum investing.

Some guys have more options than others, and sometimes it might not make sense for a newbie to be fucking around with trying to buy the dip, even if he might be having troubles figuring out his cashflow and building his emergency funds and other reserve funds.

Also a lot of newbies do not have lump sum available, yet someone who has lump sum amounts available when starting to invest into bitcoin (or even lump sums that might come later in their bitcoin accumulation journey), they tend to have more options when they get the lump sum amounts coming in, just like guys with greater amounts of discretionary income have greater number of options too...and greater abilities to reach his bitcoin accumulation targets sooner, so for example a guy who is ONLY able to invest 5-10% of his income into bitcoin, may well take 10-20 years to merely get to a point of investing 1 whole year of his income into bitcoin.

Yet a guy who is able to invest 25% to 50% of his income into bitcoin may well get to a whole year of his income invested into bitcoin after 2-4 years., and sure not very many folks have such high levels of discretionary income and do not necessarily have lump sums either, so many times the most practical way to attempt to be as aggressive as a person is able to be is to be mostly focusing on DCA strategies, and sure after some level of BTC is accumulated there might be some value to supplement DCA strategies with buying on the dip... yet like I mentioned there are trade offs, and so each person should attempt to account for trade offs that come from deferring any buys rather that just buying right away - even though surely I will concede that it can also feel good to have some money available for buying dips, even though there were trade offs to hold that money on the side rather than just buying as the money becomes available for bitcoin investing.

Quote from: Agbamoni on March 14, 2025, 04:01:18 PM

And DCA is more the easiest strategy that i can say fit in everyone financial level. Even a newbie can start investing using DCA without getting bothered how he is going to gather up funds to accumulate more. It will him take him a gradual process what's more important is that in the end if he is consistent, he will end up having a good amount of Bitcoin in is portfolio.

Normally aside from Bitcoin investment, anything investment it is ideal that we should not start an investment we cannot reach the goal. I will be directing this instance to EarnOnVictor; Imagine starting an investment with a strategy that later on the investor can't continue or keep up with.

I tend to agree with you Agbamoni - even though you are making your point in a bit of an ambiguous way.

There are various ways that guys can get into bitcoin over their head, and one of them is to use money that they need for their expenses to buy into bitcoin, so then they end up having to sell in order to meet their expenses. So that is a form of overinvesting that can end up being problematic.

Another thing is that a guy can become unfocused, and believe that he is over investing into bitcoin dso that he can sell some of it and then to buy back cheaper. These kinds of practices could end up working out, yet sometimes bitcoin prices stair-step upwardly, and guys will frequently end up selling too many coins too soon, and so they also get out of the mind-set and practice of consistently, persistently, ongoingly and/or aggressively buying bitcoin, and instead, they get into a waiting practice, which might end up causing them to become overly unfocused and missing out on keeping enough of an investment into bitcoin without easily getting distracted into trading kinds of practices.

Quote from: Sim_card on March 14, 2025, 05:02:30 PM

Quote from: Agbamoni on March 14, 2025, 04:01:18 PM

Someone with low finance cannot Lump sum because he has to wait for a long time to gather up the funds before investing and that will be a terrible thing to do.

Anyone can use lump sum by supplementing it with his ongoing weekly DCA buying. Lump sum is not only for the rich because a poor investor can also lump sum. You must not use a very big amount to buy bitcoin once before you can lump sum. For example, if you are using $50 on your regular weekly DCA, if you have an extra cash from your place of work as a gift to motivate you or traveling allowance that is $200 or $300. Since it's the money that you didn't expect and no budget for it, you can use the $200 to buy bitcoin right away irrespective of the price of bitcoin at that moment. Lump sums are good because it increases your bitcoin stash faster.

Your example is a good one, even though I think that you should consider that whenever you get some surprise lump sum that is outside of your normal and regular DCA amount, that lump sum gives you options to 1) use some or all of it to buy right away, 2) defer some or all of it to DCA over a certain amount of time (increase your DCA for the next 6 weeks, for example), and/or 3) to use some or all of it for buying on dips (sure the dips might not come, yet you could come up with a plan to buy 4 times with 25% of the money each time, every time that the BTC price drops 4%, so that would only cover you up to a 16% dip from the current price, and so sure you can experiment with such a buy on the dip deferal of part or all of the extra money).

My point is that the lump sum gives you options, and if you decide to use it all to buy right away, you may well consider that to be merely folding the amount into your DCA, and you are just buying with whatever extra discretionary income that comes in, and there is nothing wrong with that approach, even though I would just criticize your framing of the matter by not mentioning that once you have categorized the extra money to be "for bitcoin buys," then you have three kinds of buy options that you can consider and you can decide whatever amount for each of the categories, including deciding to put zero into one or the other category, which your suggestion to buy right away with all of the lump sum amount seems to have had outright rejected the consideration of the other two categories, even though sure it may well be amongst the best of options to just use all of the extra amount to buy right away, but it surely is not the ONLY option to consider... and surely of course, any of us can choose whatever course of action based on where we are at in our bitcoin accumulation journey, including our consideration of where we are at in our 9 individual factors.