⭐ Merited by JayJuanGee (1)
You are pretty new to this forum Dictator69, and so I am not sure if I can presume that you are also somewhat new to bitcoin, but it can take many years of regular bitcoin stacking (and accumulating) depending on if you are able to draw from other investments (to accelerate your lump sum investments into BTC) or if you merely have to rely upon cashflows that might only allow you to buy small amounts of BTC per week.. such as $100 per week or something like that, and surely I know that in some parts of the world, people might barely be able to buy $10 per week from their cashflows - especially if they have not otherwise built an investment portfolio that they can reallocate into bitcoin.
Anyhow, even though surely there can be some attempts to buy on dips, even for newbies, but I doubt that buying on dips is as important as just regularly buying until you get your BTC (and/or investment) portfolio up to a certainly large enough size that you start to feel that you are sufficiently prepared for BTC to go up, so that you might not have to continue to employ regular buys but you have the luxury of considering buying on dips as a means to either supplement or in some cases to replace the practice of regularly buying BTC.
Yeah, i am really new to this forum, but i am not new to bitcoin. Few months ago, i was interested in making money by doing trading. So, i started to spend some time in watching anything related to cryptocurrency either its BTC or Alts. So, i came to know that, before investing in BTC, i should be prepare for loss too, and i should have great analyzing skills which i definitely lack and i came to see many charts which makes no sense. But then i came to know about trading and holding. And there i knew, holding is for me. And i think in your last paragraph, you also tried to explain that holding or accumulating BTC is better than buying on dips. Like, means the same as trading. Someone buying at dips looking for short term gains while holder do'nt do that. Anyhow, even though surely there can be some attempts to buy on dips, even for newbies, but I doubt that buying on dips is as important as just regularly buying until you get your BTC (and/or investment) portfolio up to a certainly large enough size that you start to feel that you are sufficiently prepared for BTC to go up, so that you might not have to continue to employ regular buys but you have the luxury of considering buying on dips as a means to either supplement or in some cases to replace the practice of regularly buying BTC.
And i get it, from quite some time, i try to accumulate BTC but not able to do that. Many reasons don't know where to start. Well, one reason is to accumulate 1 BTC i need 8,495 days. According to stompix. Other is Crypto is ban in my country, so i think i should save some money in my local currency, so that when the bans will be lifted i could buy some BTC. I know i can still buy it but i don't want any issues. so, neat and clean is best for everyone.
Do you often right that long replies or its just me who needs that much explanation. Feeling like a blank slate.
