There is no need to have a good idea if someone already believes and believes in Bitcoin, so he can immediately apply Buy the DIP, and HODL to Bitcoin and never think about when to sell it even though when he sells it later it will also determine what the price will be at that time. Sometimes the buyers in the market are not all traders, because there are also those who just buy and then hold it for a time limit that they did not specify at that time. Although the goal of investing in Bitcoin in the long term is to make a profit.
There may be some people in the market that when he buys bitcoins he doesn't know when to sell them but I think those are just beginners in investing in bitcoins. I think that a healthy and experienced investor always determines when to buy and when to sell, management of things like this is important for smooth investing both in the long and short term. If someone who is experienced they are definitely more or less able to read price movements, as we know in bitcoin there are cycles, market trends, buy/sell opportunities, and price characteristics every month during the course of one year (excluding news sentiment) then when you can read this, you will definitely prepare several options for making decisions and I think that is something that every investor should have, what I mean is that there must be a target in terms of profit goals for any period of time.
I do think that you can talk about systems to put in place in order to better trade - but really that is not the topic of this thread.
We are largely attempting to talk about dealing with one side of the ledger in this thread to help to figure out ways to employ various buying strategies and even holding strategies whether or not we might have run out of money to buy.. ... so surely buying on the dip or DCA or even maybe some lump sum buys from time to time, but then the default is hold.. not sell.. so we are not really talking about the trade offs in regards to trying to figure out how to sell and to potentially profit from that.. so those kinds of strategies seems to take us outside of the topic of this thread.. even though it can be a fair topic, but seems to need to be explored in other places (threads in the forum). and not as one of the methods being discussed here in regards to the planning and employing of the various strategies of buying and holding.
Sorry sir, I seem to have focused too much on the points that lead the conversation to the brink of this thread or don't have a clear correlation and not what we usually talk about here.
At different times various issues have hit the Bitcoin market hard and bloodied the Bitcoin market. Throughout the year 2022, there were various issues, Terra Luna crashed, FTX crashed, now Silvergate phenomena which put the Bitcoin market in turmoil. No matter how tough the situation, experienced investors and traders never deviate from their goals. In this case, the inexperienced investors and traders will sell their invested bitcoins even if they come to this bloody market thinking that the market condition is bad. An important point is that Bitcoin has been declared dead 471 times at various times i.e. till today, but 471 times it has been declared dead but later it has been revived 471 times. That is, no matter how bad the market condition is, later the market will go to a good position. So, don't break down in bad situations, be patient and hold your invested bitcoins, and if the situation is good, you will be able to make your decision by understanding the profit.
Now here is the importance of DCA, where we can buy when it bleeds and cast nets and look for dip in the bitcoin decline, we see the price when the news is circulating and it spreads so that there is a decline and if you look at the decline at that time it reaches the price of $ 19.5k and finally comes back starting to bounce into the $20k area.
Monthly DCA and DCA when it drops like that I feel reduces the feeling of disappointment from a drop due to such an accident.
In essence, it is buying and holding bitcoin that you have bought, even if you want to sell it when there is a lot of decline and lots of FUD circulating, but we must not forget history that bitcoin can never be killed by sentences like that.