Buy Buy Buy or Sell Sell Sell?

[Baki202]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

Waiting for the dip before buying is like shooting yourself on the foot in your accumulation journey because by waiting for a dip that you don't know the exact figure it might drop to, you are definitely going to miss a whole lot of buying opportunities because even when the dip comes, you will think that it's going to drops further, so the best possible way to invest and accumulate Bitcoin is by buying anytime your discretionary income is available because this current price seems expensive, but in real sense it's very cheap because Bitcoin is no where close to it peak price, so just imagine how much Bitcoin might have skyrocket to in 10 to 20 years time from now?
So waiting for the dip before buying will not just delay your accumulation but it will make you lack behind those that are buying consistently once their discretionary income is available, so their is no point waiting, just buy more Bitcoin and hold.

Bitcoin investors that are waiting for dip before buying are not looking at the bigger picture, they're not projecting it's long term potentials of ROI in the future. If you believe that Bitcoin has the potentials of always reaching ATH in future bull circles that is all you need to keep buying when you have the fund. Bitcoin is volatile and if you don't know for certain when it'll dip it's better to buy when you have the find at hand, delaying can make you change your mind and miss out on growing your Bitcoin capital.

Bitcoin has proven to be a store of value, don't let dip stop you from buying when you have the fund, only a lack of discretionary funds is a genuine excuse not to buy at anytime. Double your hustle so that you can always have funds in your discretionary account to top up your bag in your DCA strategy.

Still, either way, when you have the resources, you buy the dip or not. It's always very interesting when you are also able to buy the dip. And the question now is when is Bitcoin going to dip? You can not really tell when the market will dip, so it is always better to go with what you have. Any time, any day, you should be able, and they should know by now that investing in Bitcoin with the intention of holding means you are going to be holding for a very long time. This is what people are supposed to know by now.

And when you do the mathematics right, then it should not be that hard for anyone to know that it's a long-time investment, and with the help of adopting a DCA method, it makes it faster and easier and also affordable because with the help of DCA, you will know how much you are ready to sacrifice. And the price might not be stable, but at the same time, there are ways that you will be able to manage the whole volatility due to the kind of understanding everyone has.

It's a store value that needs to be kept for years, and they are able to do their own research they will be able to know whether they are the term that will do everything possible. so it makes more sence  especially when you make the right decision.

[Derekfunds]

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

Using all of your discretionary income to invest in Bitcoin might be problematic for you in the future because their are some things we buy that is not part of our basic needs but are very important for our very own existence, something like airtime or data subscription, they may not be  part of our basic needs but it's very important that you have them in order to browse the internet and communicate with your love ones, so using all your discretionary income to invest in Bitcoin might not look too bad but if you do that, you are going to deprived yourself of so many things that are essential in your daily lives which is no proper in my own opinion, investing aggressively is quite good, but over doing it is were the problem is, because you might ran yourself into financial trouble in the process.

When you use this statement " might be problematic" means that it is still under probability or not certain that you will get into trouble and I want you to know that the statement is wrong and I don't agree with that because the moment one use all his or her discretionary to invest in Bitcoin there will surely be a problem and a wise investor wouldn't do that because that is not advisable and one discretionary is not suppose to run dry unless you have a good source of income that will help you grow your discretionary before you intend to accumulate or your normal time for accumulation and even with this I still don't see using all one's discretionary to invest as wise or welcome idea.

[danadc]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

Waiting for the dip before buying is like shooting yourself on the foot in your accumulation journey because by waiting for a dip that you don't know the exact figure it might drop to, you are definitely going to miss a whole lot of buying opportunities because even when the dip comes, you will think that it's going to drops further, so the best possible way to invest and accumulate Bitcoin is by buying anytime your discretionary income is available because this current price seems expensive, but in real sense it's very cheap because Bitcoin is no where close to it peak price, so just imagine how much Bitcoin might have skyrocket to in 10 to 20 years time from now?
So waiting for the dip before buying will not just delay your accumulation but it will make you lack behind those that are buying consistently once their discretionary income is available, so their is no point waiting, just buy more Bitcoin and hold.

Bitcoin investors that are waiting for dip before buying are not looking at the bigger picture, they're not projecting it's long term potentials of ROI in the future. If you believe that Bitcoin has the potentials of always reaching ATH in future bull circles that is all you need to keep buying when you have the fund. Bitcoin is volatile and if you don't know for certain when it'll dip it's better to buy when you have the find at hand, delaying can make you change your mind and miss out on growing your Bitcoin capital.

Bitcoin has proven to be a store of value, don't let dip stop you from buying when you have the fund, only a lack of discretionary funds is a genuine excuse not to buy at anytime. Double your hustle so that you can always have funds in your discretionary account to top up your bag in your DCA strategy.

Still, either way, when you have the resources, you buy the dip or not. It's always very interesting when you are also able to buy the dip. And the question now is when is Bitcoin going to dip? You can not really tell when the market will dip, so it is always better to go with what you have. Any time, any day, you should be able, and they should know by now that investing in Bitcoin with the intention of holding means you are going to be holding for a very long time. This is what people are supposed to know by now.

And when you do the mathematics right, then it should not be that hard for anyone to know that it's a long-time investment, and with the help of adopting a DCA method, it makes it faster and easier and also affordable because with the help of DCA, you will know how much you are ready to sacrifice. And the price might not be stable, but at the same time, there are ways that you will be able to manage the whole volatility due to the kind of understanding everyone has.

It's a store value that needs to be kept for years, and they are able to do their own research they will be able to know whether they are the term that will do everything possible. so it makes more sence  especially when you make the right decision.

Maybe I did not know how to write well what I wanted to say, but I clarify:

From the basics when we want to buy , the logical thing is to do it as cheap as possible and more in BTC and any business because we know it will rise in price and we will win, is what normalment say everywhere, but considering the current market situation we should not stay behind, we must be there participating to not miss the train.

The price will probably continue to rise in price, we must see it that way, for now it has fallen a little, then: "We must take advantage of that dip no?" whoever "can" should take advantage, but if the price rises again, and if we have money, we must continue buying even if it is little, the DCA method establishes it that way, what matters is to have BTC, 1 BTC=1BTC, the fiat value is something that most people see, but the important thing is to accumulate as much BTC as possible.

[Cpt_reader]

When you are wondering why you need to hold bitcoin, just remember that The pioneer of bitcoin, Satoshi Nakamoto is now among the richest people in the world just by mere holding and investing in bitcoin, occupying the Number 11th spot.
Congratulations to all diligent bitcoin investors.

Although we know that Satoshi is the founder of Bitcoin, now as far as I know Satoshi has more than 1 million Bitcoins. Now we don't know if Satoshi is alive or dead, if Satoshi is alive then he is definitely one of the richest people in the world. It will not help to see who is rich now, pay attention to how much Bitcoin you have. From now on you buy Bitcoin and become rich in the future. There will be no benefit in focusing on what others are doing, so you invest and many people will think of you as a rich person in the future.

We know that Bitcoin's founder Satoshi Nakamoto is the 11th richest person in the world, but Bitcoin is not currently controlled by any one group. It depends on almost all investors in the world to control its price. Satoshi Nakamoto, Changpeng Zhao, Tim Draper, Winklevoss twins, Michael Saylor, MicroStrategy and many others and various exchanges are holding Bitcoin and small investors like us. No one can destroy Bitcoin if they want. Its power is now with all Bitcoin holders in the world. However, the price can fluctuate a bit. We know that when selling pressure is high, the price decreases and when buying pressure is high, the price increases. So when the price decreases, it is better not to sell out of frustration, buying Bitcoin means saving for the long term. Since Bitcoin is limited, and a huge amount of Bitcoin is held and the demand is increasing day by day, it is natural that the price of Bitcoin will increase.

[G_Besar]

When you are wondering why you need to hold bitcoin, just remember that The pioneer of bitcoin, Satoshi Nakamoto is now among the richest people in the world just by mere holding and investing in bitcoin, occupying the Number 11th spot.
Congratulations to all diligent bitcoin investors.

That's a pretty accurate example of Bitcoin's creator and certainly deserves to be seen as a reason for each of us to hold Bitcoin without hesitation. And not only that, Satoshi Nakamoto has a very good chance of entering the top ten richest people in the world simply because of his Bitcoin holdings. So, for those who are familiar with Bitcoin, don't hesitate to keep buying and holding Bitcoin continuously and without thinking about when to sell it, because Bitcoin can indeed make its holders wealthy individuals who are among the best.

Although we know that Satoshi is the founder of Bitcoin, now as far as I know Satoshi has more than 1 million Bitcoins. Now we don't know if Satoshi is alive or dead, if Satoshi is alive then he is definitely one of the richest people in the world. It will not help to see who is rich now, pay attention to how much Bitcoin you have. From now on you buy Bitcoin and become rich in the future. There will be no benefit in focusing on what others are doing, so you invest and many people will think of you as a rich person in the future.

This can be seen as an example to inspire those who want to become investors by holding Bitcoin. Everyone who is familiar with Bitcoin also needs to know who created it, even though we don't know whether Satoshi Nakamoto is still alive or dead. Besides focusing on ourselves when buying Bitcoin, we also need to consider the benchmark that holding that much Bitcoin can become wealthy, at a global level, as it's almost among the top ten richest people in the world. So, I think it's okay to look at what others are doing, as long as those doing it are rich, so those of us who aren't yet rich can directly learn from what those rich people are doing.

[ejikeme24]

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Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

If this is how you spend your discretionary after making your weekly or monthly investment you have every right to put the whole of your discretionary fund in your bitcoin investment, but I want you to know that some investors knows how to manage thier discretionary fund very well after making thier weekly/ monthly routine buying of bitcoin. They won't spend on luxury or something that can't bring any profit to them, even if  they're going to use the left over in other stuffs just as you mentioned, they will have to invest into other business/investment before they will be attempting to use the left over to do whatever.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

Sure I'm not disputing on the fact that investor can decide to put his whole discretionary fund into his bitcoin investment, that's if your intention is just to stick to bitcoin investment without looking into other business/investment for the rest of your life, this way you will never be affected.  But once you start making attempt to diversify into other investment/business you May undergo some stress, but remember the rules that we should not overdo.

[Ndabagi01]

Well if you are even thinking of going to sell your Bitcoin you do not like profit. Bitcoin did hit a new all time high of 123k and now it is back down to 118k.
I do think we will see this all time high of 123k before we do end this month. So we should not want to sell out Bitcoins. We can buy them for cheaper now and wait for us to go back to the all time high and then more.

The performance of bitcoin recently that pushed it into recording a new all time high of $123K is enough to make one believe that the market is going to pump more in this bull run and we are going to see another ATH sooner than imagined. The momentum the market tuned into was a very strong one that the sells won’t have a chance to hold on to the market from reaching another all time high in the market. Take profits zones by many investors are been shifted far ahead because of how Bitcoin is showing a very positive trend towards marking the best bull run season ever in history.

The whole of this year has been speculated to be the bull run season and if that is what the market will actually be, then we’re just getting started to what Bitcoin price will become at the end of the year. At every correction in the market is another opportunity to buy more or even at least start your investment in bitcoin for the long term. If you’re in for big profits, this is not the time to sell but if you’re not so sure of the market and not convinced enough despite all this signs, you can sell and take the little profit so far. The bull run is just getting started and you don’t try to drop off so soon.

[Miramax12]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

Waiting for the dip before buying is like shooting yourself on the foot in your accumulation journey because by waiting for a dip that you don't know the exact figure it might drop to, you are definitely going to miss a whole lot of buying opportunities because even when the dip comes, you will think that it's going to drops further, so the best possible way to invest and accumulate Bitcoin is by buying anytime your discretionary income is available because this current price seems expensive, but in real sense it's very cheap because Bitcoin is no where close to it peak price, so just imagine how much Bitcoin might have skyrocket to in 10 to 20 years time from now?
So waiting for the dip before buying will not just delay your accumulation but it will make you lack behind those that are buying consistently once their discretionary income is available, so their is no point waiting, just buy more Bitcoin and hold.

Bitcoin investors that are waiting for dip before buying are not looking at the bigger picture, they're not projecting it's long term potentials of ROI in the future. If you believe that Bitcoin has the potentials of always reaching ATH in future bull circles that is all you need to keep buying when you have the fund. Bitcoin is volatile and if you don't know for certain when it'll dip it's better to buy when you have the find at hand, delaying can make you change your mind and miss out on growing your Bitcoin capital.

Bitcoin has proven to be a store of value, don't let dip stop you from buying when you have the fund, only a lack of discretionary funds is a genuine excuse not to buy at anytime. Double your hustle so that you can always have funds in your discretionary account to top up your bag in your DCA strategy.

Still, either way, when you have the resources, you buy the dip or not. It's always very interesting when you are also able to buy the dip. And the question now is when is Bitcoin going to dip? You can not really tell when the market will dip, so it is always better to go with what you have. Any time, any day, you should be able, and they should know by now that investing in Bitcoin with the intention of holding means you are going to be holding for a very long time. This is what people are supposed to know by now.

And when you do the mathematics right, then it should not be that hard for anyone to know that it's a long-time investment, and with the help of adopting a DCA method, it makes it faster and easier and also affordable because with the help of DCA, you will know how much you are ready to sacrifice. And the price might not be stable, but at the same time, there are ways that you will be able to manage the whole volatility due to the kind of understanding everyone has.

It's a store value that needs to be kept for years, and they are able to do their own research they will be able to know whether they are the term that will do everything possible. so it makes more sence  especially when you make the right decision.

absolutely dude , You can’t predict the next dip and by waiting, you're slowing your accumulation and missing out on potential gains. Dollar-cost averaging beats buy the‑dip” because it smooths out volatility, removes the stress of timing, and historically generates superior long-term results. Why wait when you can buy now and keep building steadily

[Nightwatchmare]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method, It's the best thing to do, the price of BTCis rising and will likely rise further and if that's the case, you should still buy, even if it's just a little, the idea is to always follow that little impulse to buy, The more BTCyou buy, the more you'll have You have to see BTC as BTC and not so much for its price, If you accumulate more BTC, it's always much better, It's an investment in your future.

I agree that it's not a bad idea to wait for the price of bitcoin to drop before buying, and buying bitcoin in a dip is good because you will buy a good quantity of bitcoin with a small amount of money, but since we aren't sure if a dip will happen anytime soon and for us not to prolong our bitcoin investment, it is better if we adopt the DCA strategy and start accumulating bitcoin as soon as our discretionary income is available, and the DCA strategy will allow us to take advantage of the market in the sense that if a dip eventually happens, we can still have the opportunity to accumulate bitcoin with the help of the DCA strategy.

[Miramax12]

Any decision should not be made solely based on price because the market always reacts in the same way. You should consider the market context, trends, and your investment goals. If you have a long-term plan and the main goal is to hold, then taking advantage of the price drop as it is now can be a great part of your DCA strategy. If you trade in a hurry hoping for profit, it can also be dangerous.

It can be dangerous to expect too much that the price will reach 123,000 because no one knows for sure the future of Bitcoin. The price can go up or down and vice versa. Of course, decisions should not be made based on price. DCA strategy should be considered, risk and investment goals should be considered. .

The price of Bitcoin already crossed $123,000 even though there is a minor correction happening at the moment, the market will likely continue in the upward direction because there is room there and many things still support the bull run. If you are building for the long term, you may not even be interested in what the price is now instead your interest will be how to fulfil your weekly or monthly DCA purchase objective and not where the market will be in terms of price and where it will not be.

In addition, I would say that it is better to pay attention to market sentiment, on-chain data and major economic trends in Bitcoin investment

If you stay glued to these things which are also available in the mainstream media, you will never invest in Bitcoin because you will be filled with fear and uncertainty. If you want to invest in Bitcoin, don't look at the price neither should you try to wait for the market to start dropping or drop in price before you buy because the longer you wait, the more you because afraid and discouraged to invest in Bitcoin.

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Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

If this is how you spend your discretionary after making your weekly or monthly investment you have every right to put the whole of your discretionary fund in your bitcoin investment, but I want you to know that some investors knows how to manage thier discretionary fund very well after making thier weekly/ monthly routine buying of bitcoin. They won't spend on luxury or something that can't bring any profit to them, even if  they're going to use the left over in other stuffs just as you mentioned, they will have to invest into other business/investment before they will be attempting to use the left over to do whatever.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

Sure I'm not disputing on the fact that investor can decide to put his whole discretionary fund into his bitcoin investment, that's if your intention is just to stick to bitcoin investment without looking into other business/investment for the rest of your life, this way you will never be affected.  But once you start making attempt to diversify into other investment/business you May undergo some stress, but remember the rules that we should not overdo.

"You’re definitely right , The key is being intentional once your basic needs, emergency fund, and responsibility are sorted, how you use your discretionary income becomes a matter of discipline long -term vision, Investing all of it into bitcoin isn’t reckless if you’ve built a safety net and truly believe in the asset’s long-term value. The real issue is when people skip the foundational steps and dive in headfirst. Balance is key but so is knowing your goals and stage in life. Respect for choosing growth over wasteful habits that mindset pays off in the long run.

[Sonia_123]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method, It's the best thing to do, the price of BTCis rising and will likely rise further and if that's the case, you should still buy, even if it's just a little, the idea is to always follow that little impulse to buy, The more BTCyou buy, the more you'll have You have to see BTC as BTC and not so much for its price, If you accumulate more BTC, it's always much better, It's an investment in your future.

I agree that it's not a bad idea to wait for the price of bitcoin to drop before buying, and buying bitcoin in a dip is good because you will buy a good quantity of bitcoin with a small amount of money, but since we aren't sure if a dip will happen anytime soon and for us not to prolong our bitcoin investment, it is better if we adopt the DCA strategy and start accumulating bitcoin as soon as our discretionary income is available, and the DCA strategy will allow us to take advantage of the market in the sense that if a dip eventually happens, we can still have the opportunity to accumulate bitcoin with the help of the DCA strategy.

As long as your discretionary income is available you can start buying and accumulating and building up your portfolio before the dip comes, because you will end up holding and having more Bitcoin before the dip will come, and the dip will make you buy more into your portfolio in as much as you are holding for a long-term it is still more profitable than waiting for the dip, time delayed and lostcan't be recovered.

[JayJuanGee]

[edited out].

Still, either way, when you have the resources, you buy the dip or not. It's always very interesting when you are also able to buy the dip. And the question now is when is Bitcoin going to dip?

To me, it seems better if guys attempt to try to be purposeful with the extent to which they might be buying extra bitcoin on the dip, since it seems that whenever money is available to buy the dip, that money has either been purposefully set aside for buying the dip or it was a result of some kind of surprise income stream.

Surely, if it is a product of a surprise income stream, I have no problem with the idea of buying the dip with the money, even though there even comes a dilemma if the BTC price happens to be dipping, and then the person buys right away or how does he determine if more dip might come? 

I think that if guys already have systems in place, then they are less likely to screw up their cashflow for buying on the dip purposes.

Surely guys who are regularly buying some kind of a budgeted amount of BTC each week, they  may also decide to hold back something like 20% of their BTC purchase amount for buying on the dip.  So then if they are already in the practice of holding money on the side to buy the dip, then as that money builds up they may well have to consider at which prices are they going to be buying the dip.  For example, at a 10% correction, and then every 5% additional dip until running out of dip buying money.

Some guys likely consider that they are going to hold money on the side to buy the dip, and then they are going to attempt to maximize their use of such dip money by figuring out how much of a dip is a good dip, and that just seems like a fantasy to me.  I personally think that guys should attempt to mostly be more systematic rather than imagining that they will be able to magically figure out the dip location.  That kind of dip buyings seems too much like fantasizing and a form of gambling.

You can not really tell when the market will dip, so it is always better to go with what you have. Any time, any day, you should be able, and they should know by now that investing in Bitcoin with the intention of holding means you are going to be holding for a very long time. This is what people are supposed to know by now.

And when you do the mathematics right, then it should not be that hard for anyone to know that it's a long-time investment, and with the help of adopting a DCA method, it makes it faster and easier and also affordable because with the help of DCA, you will know how much you are ready to sacrifice. And the price might not be stable, but at the same time, there are ways that you will be able to manage the whole volatility due to the kind of understanding everyone has.

It's a store value that needs to be kept for years, and they are able to do their own research they will be able to know whether they are the term that will do everything possible. so it makes more sence  especially when you make the right decision.

It seems that you are emphasizing buying bitcoin all of the time and regularly rather than for guys to be trying to figure out various dip amounts that they might buy, and I mostly agree with you - especially to the extent that guys are not likely able to figure out dip amounts, and they are way better off just buying all of the time.

ON the other hand, guys feel good about buying dips, and so in that regard, I don't have any problem with guys attempting to establish some kind of systematic buying of the dip as long as they are also buying regularly, and sure they should understand that any money that they are holding on the side to buy dips is also money that could have had been used to buy bitcoin right away rather than trying to coordinate with a dip that might not end up happening.

[Bitcoin.com97]

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

Investing aggressively is good but to an extent, just as you have said if you have taken care of all your expenses and still got an emergency and reserve funds them you are good to go , you can invest aggressively into Bitcoin and stack up your portfolio instead of wasting your discretionary income in an unnecessary things that you may look back and regret tomorrow, but since Bitcoin is a long term investment I would advice you invest with your discretionary but not all so it won’t result to you selling it , you can just invest little by little and before you know it , you have got a good portfolio.

[Tungbulu]

[edited out].

Still, either way, when you have the resources, you buy the dip or not. It's always very interesting when you are also able to buy the dip. And the question now is when is Bitcoin going to dip?

To me, it seems better if guys attempt to try to be purposeful with the extent to which they might be buying extra bitcoin on the dip, since it seems that whenever money is available to buy the dip, that money has either been purposefully set aside for buying the dip or it was a result of some kind of surprise income stream.

Surely, if it is a product of a surprise income stream, I have no problem with the idea of buying the dip with the money, even though there even comes a dilemma if the BTC price happens to be dipping, and then the person buys right away or how does he determine if more dip might come? 

I think that if guys already have systems in place, then they are less likely to screw up their cashflow for buying on the dip purposes.

Surely guys who are regularly buying some kind of a budgeted amount of BTC each week, they  may also decide to hold back something like 20% of their BTC purchase amount for buying on the dip.  So then if they are already in the practice of holding money on the side to buy the dip, then as that money builds up they may well have to consider at which prices are they going to be buying the dip.  For example, at a 10% correction, and then every 5% additional dip until running out of dip buying money.

Some guys likely consider that they are going to hold money on the side to buy the dip, and then they are going to attempt to maximize their use of such dip money by figuring out how much of a dip is a good dip, and that just seems like a fantasy to me.  I personally think that guys should attempt to mostly be more systematic rather than imagining that they will be able to magically figure out the dip location.  That kind of dip buyings seems too much like fantasizing and a form of gambling.

It can indeed be very crucial to be purposeful when buying extra Bitcoin on DIPs. When one has a strategy in place to use money to buy dips, whether it's money that's been set aside for this particular purpose or money from a surprise income stream, it can really offer an extra layer of help towards managing cash flow and one's investment decisions.
When one has a system in place for buying dips, it helps to reduce the possibility and chances of cash flow disruption. Allocating a portion from the amount which you regularly use in purchasing Bitcoin, like choosing to hold back 20% seems like a practical approach. Because this way, you have a clear plan for using those funds specifically for the purpose of buying the dips when they occur.

I find your points about considering prices for buying dips (like at 10% correction and additional dips) to be 100% agreeable. Although, you also rightly pointed out the drawbacks of attempting to maximize the use of dip buying money by actually guessing the right dip location. Now that sounds completely like a form of gambling because it can be very difficult or even nearly impossible to accurately predict the exact timing a dip might occur or even the exact depth.
I also agree that a system strategy to dip buying may actually prove to be quite effective than actually attempting to predict the exact dip location and depth. By having a systematic approach in place based on percentage correction and/or other clear criteria, investors can be able to be more informed and less emotional in their decisions. This kind of approach can really help to reduce the of making impulsive decisions based on the temporary fluctuations of the market.

And further buttressing on the above points, having a systematic approach for buying dips can potentially help investors to stay disciplined and also avoid overreacting to sudden movements in the market. By sticking to this plan, investors can potentially shift their focus from the short term market movement to achieving their long term goal without actually getting caught up in short term market volatility.

[Platinumys]

I also think so. It is better to buy through P2P by creating an account on a good exchange and verifying it. It is better to adopt the DCA method. You can buy weekly or monthly amounts of $20, $50, $100. It is better for traders to wait for the market to fall but not for holders. After buying $500/1000, you transfer your high security to a wallet. I created a wallet, saved the phase well, kept the wallet address, deleted the wallet and only transferred bitcoin from the exchange to that wallet address and I think this is safe and good. And I wrote the phase of that wallet in a diary and told my wife because if I die, she can find them.Because a few days ago a boy in our village died. He held Bitcoins like this but we don't know his wallet phase so they couldn't be saved anymore.

Some of your points are very good but some need improvement. Buying from CEX exchange is not bad especially if you are withdrawing weekly or monthly into your private wallet where you control the private keys. It will only be bad if you buy and keep them in CEX instead of withdrawing to your wallet. However, it is better to use DEX exchange to buy your bitcoin if you don't want to submit KYC.

Secondly, you should not wait for the market to dip before you buy, I know you referenced that to be what traders do but it is better we keep traders out of this discussion since what we are discussing is long term investment and not trading. Therefore, the DCA method is just enough for anyone that want to accumulate bitcoin for long term.

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method, It's the best thing to do, the price of BTCis rising and will likely rise further and if that's the case, you should still buy, even if it's just a little, the idea is to always follow that little impulse to buy, The more BTCyou buy, the more you'll have You have to see BTC as BTC and not so much for its price, If you accumulate more BTC, it's always much better, It's an investment in your future.

When an investor invests, he will naturally try to buy Bitcoin at a relatively low price because at that time he will think that the lower the price he buys Bitcoin, the more likely he is to make a profit in the future. There is nothing wrong with doing this or waiting for the price to come down, but many times it is seen that the market goes up further while waiting, which results in that investor not investing anymore. When the investor plans to invest and despite planning, when the investment is not successful, the investor actually feels differently. So instead of waiting so much or waiting for the market to come down so much, we think that after planning the investment, we should continue to invest continuously. When the investment continues continuously, Bitcoin will be purchased at different times in the price.

[Tonimez]

[Edited out]

Still, either way, when you have the resources, you buy the

To me, it seems better if guys attempt to try to be purposeful with the extent to which they might be buying extra bitcoin on the dip, since it seems that whenever money is available to buy the dip, that money has either been purposefully set aside for buying the dip or it was a result of some kind of surprise income stream.

Surely, if it is a product of a surprise income stream, I have no problem with the idea of buying the dip with the money, even though there even comes a dilemma if the BTC price happens to be dipping, and then the person buys right away or how does he determine if more dip might come?  

I think that if guys already have systems in place, then they are less likely to screw up their cashflow for buying on the dip purposes.

Surely guys who are regularly buying some kind of a budgeted amount of BTC each week, they  may also decide to hold back something like 20% of their BTC purchase amount for buying on the dip.  So then if they are already in the practice of holding money on the side to buy the dip, then as that money builds up they may well have to consider at which prices are they going to be buying the dip.  For example, at a 10% correction, and then every 5% additional dip until running out of dip buying money.

Some guys likely consider that they are going to hold money on the side to buy the dip, and then they are going to attempt to maximize their use of such dip money by figuring out how much of a dip is a good dip, and that just seems like a fantasy to me.  I personally think that guys should attempt to mostly be more systematic rather than imagining that they will be able to magically figure out the dip location.

Such consideration is a two way strike. It is possible to save up the money for buying the Dip aside why waiting for a desired dip and later, probably while waiting for a dip level of interest, there are chances that it may not occur. At this point, an investor has options like; not investing anymore or either buying at a higher rate as to the previous minimal dip he expected to dip further.

Your DCA format still covers for every bitcoin amount by shifting focus from bitcoin price to fiat allocation. By this means, the Idea of holding money aside which could imply reducing your DCA allocation to save up for the dip or completely waiting for the dips before buying. Either way, there's a possibility of spending such funds on unplanned tasks if the dip of choice delays too long. So how has this helped.

That kind of dip buyings seems too much like fantasizing and a form of gambling.

Yeah sure, it is all a gambling format which most investors employ in bitcoin investment. When a person buys at dip of his interest and holds, he quickly sells off most times when he feels he has enough profits added to his investment which automatically justifies his gambling nature. Even in few circumstances when an investor who buys at dips decides to hold further, he's more concerned about bitcoin fluctuations, dips extent and worries more about the market behaviour because he wishes to envisage how bitcoin should behave which is not absolute.
 

ON the other hand, guys feel good about buying dips, and so in that regard, I don't have any problem with guys attempting to establish some kind of systematic buying of the dip as long as they are also buying regularly, and sure they should understand that any money that they are holding on the side to buy dips is also money that could have had been used to buy bitcoin right away rather than trying to coordinate with a dip that might not end up happening.

Bitcoin investment is personal and not everyone would accept another's opinion. Dips are not something you can tell when it would happen, if not, everyone would stack up funds and wait for that time to come. Setting up a defined investment pattern order than dips is a healthy practice. Bitcoin volatility is not limited by any factor and could possibly also dip on your DCA period allowing you same opportunity with those who spent all night monitoring a chart they had no control over. Bitcoin promises to hold a lot of potential for every diligent investors and waiting for dips could make anyone miss out the opportunity as he may not be able to buy at all. Every bitcoin price is a dip and that is what bitcoin investors should understand.

If anyone investor does not control the drive when the dip finally comes, he stands higher chances to run at a loss when he invests beyond his financial capacity which exposes his bitcoin stash to possible premature sales and a resulting loss when his cashflow management is broken. This why we have to be careful at dips because it makes it easier to fail as a bitcoin investor after some dips because some investors go as long as using up their emergency funds to invest while hoping that no emergency situation would occur until they have replaced such funds. So therefore, once we have a working DCA approach, we must be careful about the urge that comes with dips in order not to fail in our bitcoin journey.

[Cpt_reader]

[quote aut

To me, it seems better if guys attempt to try to be purposeful with the extent to which they might be buying extra bitcoin on the dip, since it seems that whenever money is available to buy the dip, that money has either been purposefully set aside for buying the dip or it was a result of some kind of surprise income stream.

Surely, if it is a product of a surprise income stream, I have no problem with the idea of buying the dip with the money, even though there even comes a dilemma if the BTC price happens to be dipping, and then the person buys right away or how does he determine if more dip might come?  

I think that if guys already have systems in place, then they are less likely to screw up their cashflow for buying on the dip purposes.

Surely guys who are regularly buying some kind of a budgeted amount of BTC each week, they  may also decide to hold back something like 20% of their BTC purchase amount for buying on the dip.  So then if they are already in the practice of holding money on the side to buy the dip, then as that money builds up they may well have to consider at which prices are they going to be buying the dip.  For example, at a 10% correction, and then every 5% additional dip until running out of dip buying money.

Some guys likely consider that they are going to hold money on the side to buy the dip, and then they are going to attempt to maximize their use of such dip money by figuring out how much of a dip is a good dip, and that just seems like a fantasy to me.  I personally think that guys should attempt to mostly be more systematic rather than imagining that they will be able to magically figure out the dip location.  That kind of dip buyings seems too much like fantasizing and a form of gambling.

Although I am in favor of buying Bitcoin regularly, I still support dips. Because I can divide my money into three parts, for example, if I want to invest $50/100 every week, then (if it is $50) $20 for regular, $20 for dips, and $10 for emergencies. Suppose I buy $20 regularly every week, and keep $20 for dips and wait. I set a target like this, if there is a dip, I will buy Bitcoin with this dip money. In this way, I wait for two, four, six months, if desired, I will buy, otherwise I will keep depositing. And I have regular money, I will keep buying regularly from there. I think this method is good. If I buy with all the dollars at once, it will be seen that when there is a lot of dips, I do not have any dollars left. Then I will feel and regret it, so we need to create a fund called dip to buy Bitcoin. Sometimes there is a market crash, then we can use that emergency money.  Or you can use it for any need you have. I think there is no alternative to saving to make your future life beautiful.

[Samlucky O]

When an investor invests, he will naturally try to buy Bitcoin at a relatively low price because at that time he will think that the lower the price he buys Bitcoin, the more likely he is to make a profit in the future.

Surely buying Bitcoin at lower price gives an edge to build a sizable portfolio before Bitcoin increases, but investors don't capitalize on that, because they know surely that Bitcoin will keep falling and rising over time so they buy continuously without waiting for the price to dip. but Traders does, because of the short term profit. Although everyone want to make profit from Bitcoin both traders and investors but the difference is the amount of Bitcoin investors purchase over time, and time frame or interval to HODL. Investor mindset is usually set on 4-10 years and above while traders don mind buying now and sell few minutes. even though traders are classified into two categories of long term(1-2 years +) and short term (1 to 6 or 12months). So at time a trader can be seen as investor without notice. Sometimes it is good to specify in detail or with some example or with some description for us to know what you mean.

There is nothing wrong with doing this or waiting for the price to come down, but many times it is seen that the market goes up further while waiting, which results in that investor not investing anymore.

That's actually true, those that keeps on waiting for the price to deep often becomes a no coiner. Perhaps every opportunity should be seen as a priority to accumulate more. Procrastination is a deceitful factor that keep people stagnant, and most people often overlook it till they are being affected.

To show you guys how time flies and how bitcoin is gradually moving.
As it march 6 2024 when this thread buy buy buy or sell sell sell was created, the open price of Bitcoin was $66,818.21 and close price was $67,231.45 but today the ATH is now $123k to show how Bitcoin has been doing pretty well. We should take Bitcoin seriously and don't procrastinate because time waits for nobody.

[Solokan]

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

If you already have an emergency fund and reserve funds, and so on, it would be great to use them all to buy Bitcoin. Of course, if you use them all to buy BTC, you'll have a lot of BTC and ultimately, you'll reap significant profits in the future. However, if that's your choice, it's certainly extraordinary and wise. Many people use discretionary funds for various purposes, such as buying BTC, partying, and other things. Honestly, I admire you if you're able to use discretionary funds to buy BTC.

But personally, I don't think I can do that. Sometimes, when I have discretionary funds, I prefer to use them to buy BTC, and I also like to use them for other things, such as partying, buying clothes, and so on. I believe entertainment is also very necessary, and having fun is also very important. 

[Nightwatchmare]

Your number 1and 3 information is correct, but this few things you listed here can not guarantee success to a beginner who is just getting started with bitcoin investment. As a beginner who is getting started this are the Basic things you need to know for Example:

Your points are right but very impulsive.

Risk management: As a beginner is very important to learn about risk management so as to be able to manage your risk carefully, if your risk is to hold for long term then you Stick to it regardless the up and down
Of the market.

I don't think you really understand risk management very well as regards bitcoin holding or will I say that bitcoin investment has gone beyond receiving such level of emphasis on risk management. Or do you mean how to manage other areas of responsibilities to avoid risking your bitcoin over any slight unforeseen circumstances which could have been tackled with the emergency funds. Bitcoin is a very less risky venture and does not require reading a whole template to understand, all you need is just, buy and buy and hold for long term and you will reap it at maturity.

yeah I was trying to point out other areas of responsibilities to avoid risking thier bitcoin, because some beginners may be attempting to invest for short term profit which we know that short term investment comes with alot of risk so they need to understand this to enable them follow the main procedure I mean chasing the long term goal.

Last but not the least, A beginner need to understand that is a must to invest from discretionary funds which is the Left over after all expenses is being figured out. This are the basic things a beginner need to know before getting started with bitcoin investment.

Investing by discretionary income is something any investor who aims at the future should look at. When you intend holding for long term, you also do it without stress. Investing with Not all your discretionary income but only a percentage of your Discretionary income would make you invest only what you can hold for long. Whoever earns any amount should learn to build his emergency funds first thing.

I agree with you on this one, an Investor is supposed to be putting some portion of his discretionary into bitcoin, the same thing applicable to those investors that would like to apply some aggressiveness, is advised not to over step your boundaries but to maintain boundaries to avoid stress. And yeah, is very important to build our emergency fund quite on time, even though some people will want to get started before looking for a way to build thier emergency fund, But it shouldn't take us more than 2 months before we start looking for a way to make it available.

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

It would have been problematic if you wanted to invest in bitcoin aggressively with the money you are supposed to use to solve your expenses, but since you want to use all your discretionary income to invest in bitcoin, I don't have any problem with your decision, and it is even good for you to use all your discretionary income to frontload your bitcoin investment since you are no coiner or low coiner rather than using it to live a lavish lifestyle that will expose you to sell your bitcoin investment too early.