Quote from: Wind_FURY on Today at 04:23:57 AM

Quote from: JayJuanGee on April 01, 2025, 02:59:14 PM

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If I started during 2016, you're right. But I was a "trader" losing some money during that time before I decided to invest only in Bitcoin. If I started to Dollar Cost Average during 2019, it's obvious that I would have less units in Bitcoin.

I was merely lucky to have decided during the right time if we consider my situation. I lost some of my savings during my days of "trading" shitcoins before 2019.

I have no problem with the idea of starting out with lump sum, but that is different from saying that you are waiting for dips, even if that may well be how you are thinking about the matter.

In other words as soon as you figure out that bitcoin is the one, then it is best to focus on accumulation of it, rather than waiting as a strategy, and sure, if you have (or had) a lump sum to start out buying bitcoin, then good for you.

Your proclaiming that you have a buying on dip strategy comes off as a poor idea for a strategy, including your assertion that it is a good idea to wait until 2026 or 2027, which is likely not a great strategy, whether for you, an admitted low coiner, or someone else who might be even more of a low coiner than you.

But, sure, you can do whatever you like.. and maybe your gamble will work out, rather than the more assured thing of stacking sats.

Quote from: MainIbem on Today at 08:59:50 AM

Quote from: Tmoonz on Today at 07:28:33 AM

Quote from: Mayor of ogba on Today at 06:30:03 AM

You sound so confusing because at the beginning of your post, you said that anyone who patiently invests in bitcoin with the DCA strategy will be successful, and at the end of your post, you said that only those investors who can buy the dip will be successful, which simply means that you don't really know how bitcoin investment works. Buying a dip is good, but it doesn't guarantee success in bitcoin investment, and no strategy guarantees success in bitcoin investment. For you to be successful in bitcoin investment, it solely depends on how you invest in bitcoin because you can't be investing in bitcoin with the DCA strategy in such a way that you will be struggling to sort out your daily expenses and expect to be successful in bitcoin.

Generally no investment strategy is guarantee to make our investment successful but it is good that we put in some good investments practices which i see is the general point of our conversations in light of all that we have been discussing here, and that is the reason why any investor should only follow up his or her investment within his or her general circumstances and goals and not just as a must of doing what others are doing, all approaches must be tailor down to suit you as investors while hoping for the better future, we have to prepare for the worst that may or may not happen.

Left for me, being successful in bitcoin investment is not about the strategy an investor use or how much the person invested with and overtime, being a successful investor, to me is how patient an investor can be, patience is the only guarantee that one's investment or goals towards their investment could be achieved, it is said that Bitcoin investment requires investors to hold for long-term and regardless of other important things like capital, steady income, DCA strategy and so forth, the main thing that would keep an investment going for 5 to 10 years or even more is patience, if an investor lacks it then it would be quite difficult to meet their goals or succeed in their investment journey. So whether one does the DCA, Lump-sum or even if they decide to buy the dip you'll still need patience to achieve your aim of investing.

Even though you are making all the right points, I would call it good cashflow management rather than patience, because it may not matter very much if you have a great temperament if you engage in poor or sloppy cashflow management practices. I think that the temperament follows from good cashflow management, even though sure, you have a point to suggest that a good temperament may well assist a person in regards to his employment of better cash flow management practices. They likely both have to be present, and I am suggesting that the cashflow management is more important, and you are suggesting that the temperament is more important.

Quote from: Marvelockg on Today at 11:20:44 AM

Quote from: MainIbem on Today at 08:59:50 AM

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I might have to disagree with you on this, and there are several reasons why I find your thought process a bit untrue.

Firstly, the strategy one adopts in bitcoin investment matters a lot, and also, how much an investor uses in investing matters. understand that the strategy one adopts helps one to stay patient for the long term and to invest in a manner that suites his income. the amount one invests is what also determines how profitable one will be, relative to whatever the price of bitcoin ends up getting to at the time the investor might have reached his investment goal.

To make it simple, the variables that make up a successful investment parameter, if taken in order of importance, can even follow the order of How much one invest, the strategy one uses in investing and how long one invests (which is a function of the patience of the investor you are talking of). If you are just being patient with an $100 or $500 worth of bitcoin, will you be as successful as another that considers that the amount he invests matters also and works on using the best investment method that will lead to a more robust portfolio? If you don't use a method that allows you to make proper provision for an emergency fund, when issues come up, your investment might be endangered. Being patient with one's investment is certainly good, but it takes more than that to be a successful Bitcoin investor.

There is a certain value that comes with figuring out an adequate appropriateness of aggressiveness, since a person who is whimpy and/or not very organized, but he still might have a lot of patience, so there are some balancing needs to have some skills (or to learn skills if you don't already have them in the beginning of your bitcoin investment journey).

Quote from: Reynaldo on Today at 11:39:30 AM

This guy is a visionary. Seriously, I admire him. Back in 2011 when BTC was around nothing a, he was preaching the gospel that most people couldn't see. The same for us now in this seas of uncertainties, we need to keep grinding until we find our gold mind.

What guy from 2011 are you talking about?

You are right that we have to build from now, but there seems to be little to no purpose to get caught up upon what might have had been available to guys in the past.

Of course, there is nothing wrong with learning from past examples, even though there are going to be various changes in the factors along the way, including our own individual circumstances at various points in time, and some of us might not have known much about bitcoin in 2011.

It seems that amongst the most important of matters is to figure out our own circumstances and some variations of what might be our own reasonable approaches to bitcoin and cashflow management practices, in order that we might be able to find some balance in regards to our own approach including any attempts that we might make to adapt and to learn along the way.

You have been around the forum since as long as me (since early 2014), so hopefully you have figured out ways to accumulate enough or more than enough bitcoin over the years rather than just admiring what others may or may not have had been doing in relation to bitcoin. There have been a lot of folks who come to bitcoin and they continue to get caught up in looking at the past, whether they are looking back at 2023 and 2024 or some time that was prior to their arrival out of anticipation that the BTC price might drop back to earlier prices.. which we know many times there is no way to know, and it is likely better to presume that the price is not going to drop back down rather than presume that it will and then get stuck failing/refusing to act and failing/refusing to sufficiently/adequately prepare for up because you are too preoccupied waiting for a level of down that may well might not end up happening.

Quote from: Jewan420 on Today at 12:14:38 PM

Quote from: POPOLUV on Today at 09:31:28 AM

You have said it all in relating to investment, that patient is the only solutions for an investors to achieve his goals when it comes to Bitcoin, i know that self discipline should come along with patient, because any investors that doesn't have self discipline in him can never be patient enough to wait till when the dip will finally happen, if any investors doesn't have self discipline to be patient enough no matter the strategy he may decide to use, you will finally see the such investors will be tempteded to always making use of short term investment, so Bitcoin is all about having the mindsets of waiting for longer term since Bitcoin is all about the future investment, we should never be in a hurry to trade or sell off Bitcoin, i believe that with functioning of this thread many investors will be learning something new on how to go about his investment, likewise me.

Patience and discipline are an integral part of investing, but patience cannot be the only solution to achieve goals. Sometimes, along with patience, you also need to take sufficient steps to succeed. If you cannot take the right steps at the right time, then patience may not be of much use. Patience in investing will help you to maintain your investment to the maximum, but if you cannot take the right steps regarding backup funds, then your patience will not be of much use. Or, investment management and risk management errors may prove to be a failure in your patience. So if you say that patience is the only solution to achieve goals, then you are wrong. To achieve goals, you have to work hard and be patient with determination. Patience is of no value without hard work.

Yep. Hard work that leads to both organizing yourself and putting good cashflow management and BTC accumulation systems in place.. .which also means action rather than just thinking about it... so buying bitcoin regularly, especially for those who are early in their bitcoin accumulation journey.. and maybe even for those who have been accumulating bitcoin for a while, since it can take a while to get a bitcoin portfolio size to be enough or more than enough.

Quote from: ultrloa on Today at 01:31:49 PM

Quote from: MusaPk on Today at 12:48:06 PM

Quote from: As-Soon-As on April 01, 2025, 07:06:05 AM

Quote from: MusaPk on July 11, 1975, 10:09:15 PM

~snip

Bitcoin investment is the only way to achieve success, because if you can invest patiently in the DCA method, you will be successful. Those who have been doing the DCA method from the past and those who will do the DCA method from the present will be successful.
Because the future of Bitcoin is very good, due to which its price is gradually improving, so you only need to take risks, the biggest desire of Bitcoin investment, currently Bitcoin is going on a dip, only those who can buy this dip will be successful. And buying a dip in the DCA method awakens the ability of more investors to invest.

Why taking risk when you yourself saying that investing in Bitcoin is the only way to get success. The benefit DCA provide is that it distributes the investment risk, which is proportional to the period you selected for investing in Bitcoin. The large is your duration of investment using DCA lesser will be the risk and more is the benefit. Dips are good specially if they arrive at a time when you have some extra cash that you can instantly invest in bitcoin. One more benefit of DCA is that since its spread over period of time, your confidence in Bitcoin increases and dips don't panic you rather they motivate you to invest more.

Maybe the risk they are looking for is the volatility aspects of Bitcoin, but people into long term plus executing DCA could really ignore those situations. Because people aims for long term on Bitcoin doesn't really look at the prices since every situation is good opportunity to accumulate whether the market pumps or at the dip.

Although I understand with people saying that they should buy more Bitcoin at that time, but they also need to know that this is not the only option they could do. Since whatever instances comes in the market people can continue to accumulate.

What I like about DCA strategy is it lower down the risk to lose from volatile market.

What I like about DCA is that you can adapt it to your income and expenses and not get too worked out (or preoccupied) about the market..

Quote from: Futurexxx on Today at 02:10:43 PM

Quote from: POPOLUV on Today at 09:31:28 AM

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waiting for the dip before buying is not patience buddy.

It is dumb.