Quote from: philipma1957 on Today at 12:43:02 AM

Quote from: JayJuanGee on March 15, 2025, 11:43:35 PM

[edited out]

You could argue various dip points
I went very low as it is a bigger buy point ie 100x of the dca number

But to set a 20x your dca number at 66k for dip is okay
also you are still doing your dca.

@jjg I went back and clarified 2 errors in the statement.

Of course, you can structure your dip buying however you like, yet it seems a bit problematic for newbies to be buying dips rather than DCAing, and also to be setting really large buy the dip amounts at prices that may well not hit.

I did most of my DCA'ing in my first 1 to 2-ish years of investing into bitcoin, and I had largely concluded that I had reached an overaccumulation status by the end of 2015.

Sure every once in a while I will buy some DCA, but I mostly have reached my accumulation - and/or overaccumulation quite a while back, so I am employing differing techniques based on where I am at, and yeah, currently I have buy orders down to $27k, but I think that it is quite unlikely that those buy orders will be hit, so I will be slowly using that money used for those lower buy orders for consumptive purposes.

I also have never held back large amounts and put those amounts a buy the dip levels that might not hit. Largely my buy the dip orders (which now are every $3k increments), they are set at similar dollar quantities all the way down... yet the increments change to $2,500 then to $2k then to $1,500 then to $1,250 then to $1k.

I largely suggest that for beginners DCA is better than buy the dip, yet of course, there may be some beginners who sometimes get lump sum amounts and /or they might have high discretionary income that gives them more latitude for buying the dip, yet it does not tend to be a good practice for low coiners and/or no coiners to be thinking about BTC prices rather than just buying consistently, persistently, regularly and perhaps even aggressively.

Yeah, people who have been accumulating bitcoin longer have more options, including that they might consider themselves to no longer be in their BTC accumulation phase but instead in either maintenance or sustainable withdrawal... and sure, I will admit that each of the stages may well overlap, yet it seems to me that focusing on DCA tends to be the better practice for newbies who consider themselves in fairly early BTC accumulation stages, especially maybe their first whole cycle or perhaps their first cycle and a half.

Yes, a lot of newbies get sucked into the title of this thread and the idea that there is some value to strategize around buying dips, which surely can be misleading, since DCA is better, even though there is nothing wrong with supplementing dCA with buying on dips, though I doubt that it is healthy to be holding back large portions of value, such as 20x to 100x the DCA amounts for buying the dip.

Maybe I need to give an example?

For example, if a guy is ONLY 2 years into accumulating bitcoin, then maybe he has an income of $30k per year, and maybe he is investing $100 per week, into bitcoin which would get him around $5,200 invested after a year, so that would be 17% of his income going into BTC. I am not sure where he is going to get the lump sum amounts to be able to buy on dips.

Perhaps we could have a guy who already has a budget that involves other investments, and so abilities to front load his investment into bitcoin, yet I think that it is more common that guys are not necessarily going to have a bunch of money that they can leave sitting around to be able to use that for buying dips that may or may not end up happening, so it tends to be much better for most normies to mostly be buying regularly rather than saving up to buy dips or setting aside money for dip buying, unless he has a lot of extra discretionary income or money from other investments that might justify employing some of those kinds of deferred investing rather than investing most of the value in more prompt kinds of practices. Sure, you could provide some examples in which it might be justifiable for newbies or low coiners to supplement with buying on dips, yet I have hard times considering reasonable scenarios to be holding back a lot of value for guys who are still in the prime of their BTC accumulation phase.