Thinking about buying more Bitcoin

19 replies 29 views
nonce_chadFull Member
Posts: 25 · Reputation: 260
#1Dec 3, 2017, 09:11 PM
Got a couple of questions. Should I increase my dollar-cost averaging by 20% now that Bitcoin’s dropping, or is that a bad move? Should I just stick to my original plan? How long do these Bitcoin bear markets usually last? When do you think we’ll see the next Bitcoin bull market come around? Is that 4-year cycle people keep mentioning still relevant?
3 Reply Quote Share
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Dec 4, 2017, 01:55 AM
If you have in mind that you will not sell the bitcoin for over a long period of time, it is one of the best strategy. Yes, it is good, you can go for it. It should be over by this year. Starting from 2027, increase more in 2028/2029. Yes, for now the 4 years cycle is still happening but it has been changed a little. Like last year bitcoin got to all time high before halving, but the 4 year cycle is not yet dead.
1 Reply Quote Share
bear_maxiSenior Member
Posts: 349 · Reputation: 1145
#3Dec 4, 2017, 05:48 AM
DCA is a good strategy and this is one of the best. You can maximize the opportunity to invest using this strategy because the market is going bearish and the more it goes the better it becomes for you to find a good entry position to buy and hold and keep buying as it keep falling. Maybe for now we may not give a precise time or date, but only have it at the back of your mind that after a bear season comes the bull season and what is between them is the interval of 4 years. Try to position yourself towards the next halving, which may be coming around 2028 as we had the last one in 2024, bull market can set in before, during or even after this set time. Very possible and all you may just need to prepare yourself down is by having the ability to hold after you might have invested until this time fully come.
1 Reply Quote Share
im_bullSenior Member
Posts: 224 · Reputation: 1421
#4Dec 4, 2017, 09:59 AM
If you can afford it, why not. You are simply increasing your holding which might lead to to more profits. You should ensure that you also have emergency funds that can sustain you in case of emergencies. There could be other indicators of when the bear season will start or end. But generally, I think the bear season ends during the Bitcoin halving. However, this is not totally correct because the last bull run started before the halving due to the approval of Bitcoin ETFs. This could be unpredictable because there could be political or economic changes that could affect the timing of the next bull run. But after the Bitcoin halving is a good benchmark. The four-year Bitcoin cycle still exists
3 Reply Quote Share
p1x3l365Senior Member
Posts: 511 · Reputation: 1890
#5Dec 4, 2017, 05:45 PM
I would like to DCA from 2026 to 2027 with more capital for purchasing in the year 2027 because it will be ending year of this bear market while 2028 and 2029 will be for a next market cycle and bull run, which I have to buy bitcoins with higher prices. DCA strategy is usable for all market from bullish to bearish but bearish market with lower prices will help me purchasing more bitcoins than in a bullish market with same investment capital. With experienced investors, they feel comfortable with accumulation during bearish months while with new investors, they would feel a little bit of stress with bear market.
1 Reply Quote Share
john.cobraHero Member
Posts: 408 · Reputation: 2145
#6Dec 4, 2017, 11:53 PM
The new strategy only makes sense if you can afford to spend 20% more money without it having an impact on your daily life. The rule is to never invest more than you can afford to lose. When you answer these questions, you will know the answer. As for other questions, you should know that there is no precise answer to such questions - I will only say that some things have changed compared to 4-5 years ago.
5 Reply Quote Share
gmfrensFull Member
Posts: 147 · Reputation: 741
#7Dec 5, 2017, 03:28 AM
Are you just trying to increase on your DCA budget just because bitcoin price is going down or you already have an allocation for buying the DIP. If there is no prior plan to buy when there is a DIP, it is not wise to buy because the price of bitcoin is coming down. the ability to controlling your emotion is part of what helps you to invest for the long term and go about it the right way. if you ever rush to buy during the DIP without proper plan, you will still rush to sell when the market does not go as expected. it is wise to be strict with your investment plan and monitor bear and bull in a wise manner so you do not rush to make a wrong investment decision. except you are financially capable of buying during the DIP and every other areas of your finance wont be affected, it is unwise to be to hasty in making an additional buy decision just because of a DIP.
3 Reply Quote Share
max_lynxSenior Member
Posts: 210 · Reputation: 1438
#8Dec 5, 2017, 04:45 AM
DCA works on an individual base and there isn’t a constant amount that is required even as an individual to do your Bitcoin investment with. It’s more about you doing it with what you’ve got and it has to be periodic with a lot of consistency. So you can always increase the amount. No one can tell as there isn’t a defined time for it. Same answer as the previous, you can only speculate based on what signals the market is giving and now, we are still very much in the bears with no signals of the bulls coming in.
1 Reply Quote Share
c4lmdeg3nSenior Member
Posts: 191 · Reputation: 1118
#9Dec 5, 2017, 08:34 AM
As for me I'll  say it's a good idea  to take advantage  of every  single opportunity  that come  your way but you still have to consider  if increasing  your DCA by 20% won't put you under a pressure  or affect you financially  because you're literally  planing  to reduce  your expenses  by 20% to divert the money into investment, until  you're ready to take that challenge  don't try it. But if you're ready  to take up the challenge  and it won't discomfort  you then it's absolutely  fine. Amount  For DCA are what's convenient  for you and not fixed to a certain  percentage  of you income. No body can actually  tell you exactly  how long to will last but most time the cycle  is within  4 years  even though it can actually  be less.
3 Reply Quote Share
leo.wolfHero Member
Posts: 540 · Reputation: 2813
#10Dec 6, 2017, 07:45 PM
This is a better practice to me better than those who wait for dips without DCA. You can simply increase your DCA amount if that funds was already designated already for bitcoin purposes and it will allow you to actually invest more, I usually refer to this as aggressive buying and there are others who usually have funds set aside for periods like this. But it will be wrong that you didn’t have plan for this from the onset and you decide to just jump in now because of the market trend this will be leading you to panic buying and could affect emotions in a long run, so if there is no prior plan or an extra funds aside that you afford to invest for a long time then don’t increase your DCA. Yes the historical four year cycle is still a thing to me and I think it will still continue and as such k expect a bull run by 2028 to 2029 that’s after the bitcoin halving in 2028. It might come earlier like the last time but historically this is the realistic expectation for me
0 Reply Quote Share
max.wolfFull Member
Posts: 137 · Reputation: 794
#11Dec 7, 2017, 01:24 AM
I think the current bear market will last about 7 years (previously, the entire cycle lasted 4 years, with the bear market lasting about 2 years). 🙋 Why do I think this? Imagine large institutional players... These could be heads of state, CEOs of large corporations, heads of banks... They don't want an independent Bitcoin, but they are, in principle, willing to allow it to be used as digital gold. What should their next step be to achieve this goal? Obviously. Take Bitcoin from the old holders. Old holders still hold a huge amount of Bitcoin. And it's not just a few coins, but thousands and tens of thousands of coins. How can institutional players take them from them? These people didn't sell Bitcoin when its price fell by 90%. So, a price drop won't scare them. But if the price stabilizes significantly below the current all-time high for seven years or more, most of them will part with their coins.  Simply because human life is short, and if you have money, you have the opportunity to acquire various goods and make alternative investments. The way I see it... 2028 is approaching. The halving is coming... Everyone expects the Bitcoin price to rise before the halving (like in 2024). But that doesn't happen. Then everyone starts counting down the six months after the halving... People are hoping for Bitcoin's price to rise. Six months pass, and the price plummets. Panic ensues. Many cryptocurrency enthusiasts sell their coins, but many are categorically unwilling to capitulate. These people are eagerly awaiting 2029... However, in 2029, the Bitcoin price again fails to break the $100,000 mark. The Bitcoin price doesn't rise! The same thing happens in 2030 and 2031... The result?  By around 2032, most existing holders will sell all their bitcoins, which will end up in the hands of institutional players. Personally, I don't like this scenario at all, but I don't rule out its likelihood, unfortunately, being very high. 🙅
4 Reply Quote Share
nova365Full Member
Posts: 82 · Reputation: 551
#12Dec 8, 2017, 06:18 PM
As the price of Bitcoin decreases, it is definitely the best and best strategy to add more money to Bitcoin according to the DCA method. Because if the price of Bitcoin is low, if you can buy Bitcoin with more money and deposit it, then you will definitely be able to earn more benefits. No one knows how long the Bitcoin price decline will last, and there is no specific time frame. However, we do know that Bitcoin prices reach all-time highs on a four-year cycle. What I believe cyclically is that the Bitcoin bull market will start in 2029. The Bitcoin halving will be followed by an improvement in the price of Bitcoin, which you will find evidence of according to the past halving records. The four-year halving cycle has been very well organized, and will continue to be so in the future. The only time we see a bull market is when prices fall after the halving.
2 Reply Quote Share
ColdViperSenior Member
Posts: 128 · Reputation: 842
#13Dec 8, 2017, 08:48 PM
If you can afford it, follow the (DCA) method ⏳ and actually buy Bitcoin at strong support. There is no specific time frame, but it can be speculated on many 🌐 financial and political things in the world. Also, Bitcoin always goes up in price the year after the Bitcoin halving. There is no specific time by market Bitcoin has a 🚀 bull market, but during the halving, the price increases rapidly and the bull effect is more visible at that 🔥 time. The 4-year cycle is a halving, meaning that every 4 years, BTCitcoin mining will be halved. Demand will continue to increase and supply/mining will continue to decrease, 👉 meaning that if mining is low, the price will continue to increase!! So it can be said to be true. Check the image 👇 👇 for better understand !
3 Reply Quote Share
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#14Dec 9, 2017, 03:43 PM
I guess that you know the answer, the lower the price is and the more you can add to your DCA means more bitcoin you'll accumulate. A year, so end of year we might see good changes. That's it, the 4-year cycle will show another bull run and probably new all time high and yes, it's still a thing.
5 Reply Quote Share
Posts: 66 · Reputation: 209
#15Dec 11, 2017, 09:18 PM
If it’s not enough, don’t try to add more, as it could become a burden. DCA makes it easier for anyone who takes it seriously to avoid stress. If you’re able to raise your limit with the skills you have, go ahead—you won’t regret it. No one knows or can say exactly how long it will take, because price fluctuations are inevitable and are considered normal in the market. Analysts present their analyses not as absolute truths, since the results may be correct, incorrect, or close to the mark.
4 Reply Quote Share
dave_byteFull Member
Posts: 166 · Reputation: 752
#16Dec 12, 2017, 03:11 AM
As long as your finances are not disrupted by increasing the allocation for your DCA, it will be good for accumulating more. Some people do wait for a price drop moment to allocate more for buying. However, investors may not be able to resist buying more when prices drop to a reasonable level. The most important thing is to pay attention to your finances, so you don't get overly excited and end up disrupting your investment plans just a few years down the line.
3 Reply Quote Share
lynx_rocketSenior Member
Posts: 232 · Reputation: 1450
#17Dec 12, 2017, 05:42 AM
DCA strategy shouldn't be holding your throats, it should be easy, make sure that you adding extra percentage to the amount will be as convenient as before, or else it won't make any sense. DCA is advisable because it's easy and convenient, let is remain this way, and also I hope you are in this train for long term, because we can't give a precise date when the bear market will be finally over. The only fact I can tell you is that after every bitcoin bear market always comes a new bull market, if you are in for a very long term you will enjoy the ride up later, patience and conviction is all you need.
4 Reply Quote Share
DarkByteFull Member
Posts: 149 · Reputation: 581
#18Dec 12, 2017, 05:56 AM
There is nothing wrong with increasing your DCA strategy, increasing 20% during a downturn then you are being aggressive. 2026/27... at least that's what I'm predicting, but it might be off. After the halving, bitcoin will usually be bullish, you can see how the history of bitcoin the pattern will remain the same. I believe the 4-year cycle pattern still applies... although I have seen people say that the cycle pattern will not be the same, so it's really just a difference of opinion.
4 Reply Quote Share
real_guruFull Member
Posts: 120 · Reputation: 363
#19Dec 12, 2017, 07:51 AM
There is nothing wrong with increasing your DCA percentage when the price of bitcoin is low in order to accumulate more bitcoins. Some investors do that intentionally as part of their accumulation strategy. The only problem would be if you are using money you cannot afford to lose or money you intend to retrieve in a very short time. There is no accurate answer for this, but it could last up to a year and more No one knows this for sure. Any answers given are just predictions Bitcoin halving comes up every four years, so yes, the four years cycle is still a thing.
3 Reply Quote Share
shard_minerSenior Member
Posts: 359 · Reputation: 1322
#20Dec 13, 2017, 12:30 PM
If you can increase your DCA by 20% and maintain it for a long time without it affecting your finances and emotions, then please do go ahead, but if you can't, stick to your current allocation Also, the four year cycle is still a thing that has been mathematical programmed but Bitcoin is tied to the liquidity cycle of the broader macroeconomics of the world based on institutional adoption and spot ETF and that is a concern, but with little consequence.
0 Reply Quote Share

Related topics