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).


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.


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.


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.


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.


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.


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.