Current Bitcoin price.

The price is going up and I believe it will still come down to $25-100 because the way the price is going up, it is not going up at a good speed. But I believe that before this month kicks off maybe the price of Bitcoin will hit $28k, although the price has been in the $28k range and above but has still come down to $25,948.02, so I guess this is the right time to invest in the dip. This month of September, Bitcoin is moving like this. I am not sure if this opportunity might come again because it has been in this range for over a week. That's why I suggest buying and accumulating more in this present period will be better, believing that the month of October will be different than this present month.

Many people have increased their portfolio with the DCA strategy and I am one of them, although I put in a small amount in my DCA, but I really feel the benefits of what I am doing. It's a small amount that can be said to be money left over from the basic needs that I have to fulfill first from the amount of my income.

Maybe I wouldn't have experienced this if I didn't know this strategy, because I would have thought how to invest bitcoin with big money. But with relatively small money for investors like me, this strategy is very helpful when I invest in bitcoin.

With the way many people are spectating on the price of Bitcoin is really not doing enough good, Some persons has one or more things to say about bitcoin on how the price will skyrocket in a specific period of time and which are we to believe, all this are from one's point of view.
I believe in less prediction and no particular range at which anyone can accumulate Bitcoin, the price of Bitcoin can skyrocket at any point in time even during your sleep you can wake to bitcoin new ATH. So if we have enough to invest, why not we do it now than set a range at which we feel is much comfortable to buy

I was simply pointing out to you that the events of next year such as halving, Grayscale ETF and other ETFs that have the chances of being approved are major events that will make 2022/2024 price profile different from 2023/2024 price profile.

No one can tell for a certain when price will rise and to what extent it will but we use historic data to predict the future. Any time Bitcoin halving happens, there was always a new ATH as price shifts aggressively. So, I expect the same outcome from next year's halving. This is just the basis of my assertion. 

If this is not cogent to you, I wonder if you actually believe that Bitcoin price will ever rise and what you think will make it to rise.

Hello rachael9385 the advice you gave is good enough to continue buying in the dip and holding in the long term. Everyone will take advantage of this moment to accumulate more BTC and of course we all have the same hope, namely expecting prices to be different in the coming months. Apart from accumulating BTC at the current price, of course you also have to make purchases in stages to accumulate Bitcoin. Falling and rising always happen and at the same time we can buy BTC at different price levels.

I think in this thread those who bought had the same goal of holding it long term. In fact, some of them are not too interested in aggressive investment techniques in accumulating BTC because they aim for cheaper prices in all their entries by doing it with DCA.

I will rather be the second guy who used DCA to accumulate 100BTC because it is an easy way for you do accumulate without facing many challenges on the price movement of bitcoin. The only challenge that someone using DCA method is when the source of income is not steady, but if it is, you will worry less because you are sure of accumulating a significant amount in a long period of time. Another thing that I observe is that those that prefer to buy at the dip, are not prepared to increase the number of their portfolio with a significant amount because nobody knows when bitcoin price will dip. But they think it is the wisest strategy unknown to them that the dip will come like a thief in the night, when they have spent the money, they intend to use because they have giving up on waiting for bitcoin price dip or an unforeseen circumstance came to devour the fund planned to use for DCA. This is the reason why I said that they are like people that are not prepared or ready to invest due to the current price of bitcoin at that moment.

On the other hand, an investor that has made up his mind to DCA weekly or monthly has set his goals and has also prepared to keep on buying bitcoin disregard of the price at any given period. This shows more commitment to investing than the one that only buy during the dip. If while you are DCAing and the price of bitcoin dips, It is also an advantage for that person to increase his order because he is ever ready to accumulate. Someone that uses DCA method is open to use all strategy to accumulate bitcoin than, as long as he has a bitcoin target within a period of time. Someone who buys at the dip, he is only open to buy at the dip, which is a weak strategy to use to reach your bitcoin target within a given period of time because the market movement controls when he buys.

Anytime you say…
This goes beyond anytime as sometimes, the motive could be to buy. With big companies in the picture, your expecting huge buys that could lead to a slight pump in price with a higher demand of bitcoin.
If the reverse is the case where you have them selling, there you could talk about a slight dump.

Having to place an order to execute at the $20k price isn’t a bad idea as, it executes for you without you focused on the chats and you won’t get to miss the price mark but, you get to realize this is you having to leave your money on an exchange. Even still, there isn’t any much assurance that price might dump to that price and you would be loosing on the value you would have got them from that money should bitcoin continue to pump as, you would definitely have your coin in an altcoin, maybe stable coin at that.

Well I quite understand what you are saying my friend, basically every market participant has his own way to invest wherever it is. Okay maybe you are one of those who are always patiently waiting for significant bearish conditions to then open an investment, and well that is indeed quite good if you can patiently wait for the moment. Honestly, I'm not saying that's the case, and maybe most market participants will do the same thing, especially for long-term targets. 

And yes I agree with the opportunity you said, because indeed now is the right moment to then buy or collect more bitcoin, we can see now bitcoin is experiencing a price correction and the price is now almost touching support a few months ago. So basically if indeed you have the ability financially to then allocate a little of your money for bitcoin then I would say this is the right moment that you can take, but well I hope you will use money that might not be at risk if it is lost, because as we know the market is very volatile so at any time you can experience losses if the market is not in your favor. You use DCA, I agree to this because I think this is a strategy that is more supportive of your financial condition and with DCA it is safer.

I don't really disagree with anything that you are saying Ryu_Ar1.. but it just seems that you might be suggesting that there are ways to really be active in DCA beyond merely just figuring out how much for each period and applying it..

Accordingly, I would suggest that anyone who is trying to strategize with buying on dips for part of his/her income that is allocated to buy BTC is not engaging in pure DCA, and there really is nothing wrong with supplementing a DCA strategy with some variation of buying on dip.

Remember a pure DCA would strictly be looking at how much income you have coming in and what are your expenses (including making sure that your emergency fund is covered), and then whatever that is left over would be used to buy BTC, so the weekly, monthly or twice a month amount may well differ depending upon variation of cashflow and variation of expenses. 

Now if a conscious choice is made to ONLY spend part of what is left on buying BTC right away, and the other portion is used for buying on dips, then there is no longer a strict DCA practice going on, and there is nothing wrong with deviating from a strict DCA as long as you realize that part of what you are doing is DCA and the other part is attempting to strategize to buy on dips.

So I think that part of my point is that anyone who is trying to strategize in regards to his/her DCA is applying some kind of a variation of DCA.. and there is really nothing wrong with that.


You can still be aggressive when employing DCA.

The more that you know your budget and the better established your emergency fund, then the more aggressive you can be.  One of the problems is that sometimes people confuse aggressiveness with a kind of gambling so being reckless in terms of not having an emergency fund, so maybe there are questions of whether your cushion in your funds is enough to cover your expenses for 3 months or for 6 months, and sometimes, guys might make choices to become more aggressive for a short period of time and to reduce their cash cushion from 6 months to 3 months, and therefore end up investing the extra 3 months of emergency fund into bitcoin, and sure that is risky and it is aggressive, but and even if it might be on the edge of high aggressiveness, it might not end up being overly aggressive in the sense of causing a person to get reckt, even if he has decided to spend some money on bitcoin that he usually has as his cushion and/or his emergency fund... those  are very calculated kinds of risk, that a person might think through and decide to make them because he has good ideas about what he is doing and putting at risk.. and maybe even having some ideas about how long it might take to replenish that fund in the future.. 3-6 months?  maybe a year?  those are pieces of information in his specific calculation to which he should be able to know the answers.


I did most of my DCA into BTC between November 2013 and early 2017.. . .and I did a bit of DCA after 2017 too.

DCA has been a popular strategy for a long time, and of course, those of us following BTC discussions are able to have a lot of sources for financial information, and surely some of those sources are better than others because sometimes a person might be talking about trading rather than DCA.. and surely people can get distracted away from DCA, even though there is a lot of good information that is available for the ones who are able to make sure that they don't get distracted into bad (or less good) BTC accumulation strategies... but at the same time, the best of strategies might not even be strictly DCA, so any one of us has to figure out which strategy works for our own circumstances.. and sometimes even if we might start out with DCA, after a few years of doing a more strict version, we might end up converting into some kind of  a more personally tailored version that is more suitable to our circumstances, and we also might be able to learn more about ourselves in the earlier years in order to know how to tweak our DCA strategy or whatever variation of DCA that we might end up following... Through most of 2014, I used to call my DCA strategy to be a kind of front-loading DCA strategy, even though the strategy that I was following did have some buying on dip attempts and it also did end up contributing to my buying BTC throughout all of 2014, so that I was feeling quite a bit under water through almost all of 215, when BTC prices were much lower than my average cost per BTC.


One thing that is so great about DCA is that you can figure out for yourself, and sure, if you end up getting a $500 to $1k bonus once or twice a year, then you are going to have options regarding how you choose to spend that $500 to $1k extra when it comes in, and you may well end up choosing to buy BTC with it right away rather than spreading out your BTC purchases.. It is not always an easy choice to figure out how to employ extra cash when it comes in.. especially if you feel that you don't frequently come across extra cash. but the more you go through with buying BTC regularly, at some point you might decide that you are going to divide that lump sum into three parts in order to allocate 1/3 towards each (Lump sum, DCA and buying on dips), and then there might be some other times in which you feel that you want to strategize your purchases to buy on dips, and you might divide the lump sum into 3, but instead keep it all in one category, which is to buy on dips.. so you might buy 1/3 right away, and then the 2/3 to buy after a $1.5k drop in price if it happens and the 3/3 part, you might assign to buying that amount upon a BTC price drop of 4,680.

Those are your choices, and it seems to me that the more BTC that you get, the less stressed that you are in regards to buying BTC right away with your extra cash, and you become more wiling to set your BTC buy prices and just wait for the BTC price to come to you, and hopefully you are not too greedy in the places where you set your purchase prices, because if you already have enough BTC, the you are not worried about the BTC price going up because you already have enough BTC.


Yes, it is a bit easier to draw from historical prices in order to show how two different practices might have had played out differently, and surely none of us should consider that it is realistic to even be considering that $333 BTC prices are even possible (or likely), even though there are non zero chances that they could occur, but we should not be structuring our BTC buying plans based on outlandish scenarios rather than more likely scenarios... and the same is true for sub $20k, not very likely but possible and surely more possible than $300 and even more possible than sub $10k.. and surely se might never see BTC prices below $26k ever again, so these kinds of used to be prices versus where we are at now are sets of probabilities, and even if we might try to be somewhat prepared for very extreme scenarios, our base case preparations should be attempting to prepare for more likely scenarios rather than outlandish scenarios that may well not even end up happening. 

and each of us has to figure out our level of preparations and how much cash do we keep available for those "just in case" scenarios rather than just investing regularly and perhaps just having a small portion of our overall cashflow that is set aside and staggered down for some of the outrageous scenarios that may well likely never happen, and for me, these days, after having had been in bitcoin for nearly 10 years, I am way more prepared for outrageous scenarios than I was when I first started in BTC, even though I had already come to bitcoin with more than 20 years of investing experience (and building up of an investment portfolio) so I had already had money that I had prepared for outrageous scenarios, but in the 1990s I did not have as many cash reserves as I had in the 2010s... so some of the building up of cash reserves comes (or should come) with the passage of time and experience to build the reserves that each of us has in each of the categories as we establish our various kinds of holdings (and investments) into differing things.

There is no beed emphasizing too much on the benefits of having a large Bitcoin reserves and it potential profits merging compared to having just few bitcoin, i was DCA with almost 100% of my monthly income before,  because have hard free supplied of almost everything and leaved in my parent house, so it was so easy for me to put down all my earning into for my Bitcoin accumulations for some time almost 2 year accumulations with 100%all in funds that speed up my accumulation process, and within that time i have hard series of profits increases in proportion to my total accumulated amount of Bitcoin.
But few months ago i started living in my own apartment, and since then my Bitcoin accumulation has dropped below 30% of my monthly earning,s, and taken records of my profits merging within that space of time, it can't be compared in any way with what I use to earn as profits when I was all in 100% monthly, which is normal considering the amount I am investing in Bitcoin at the current stage.
But all the same, the DCA approach has become one of the most useful Bitcoin accumulation tools that have helped many investors to be able to accumulate Bitcoin all the way down while taking chances in the various discounted prices presented by Bitcoin from time to time.