Its seems good ideas with your planning keep accumulate to reach 1 Bitcoin assets in your portfolio and don't stop for buying back exactly right now another dip coming again. Last night my order have been filled with Bitcoin price around $25,800 and its the best chance for investing with bitcoin in dip price. Almost raise 1 Bitcoin in my portfolio by accumulate every day with not too bigger amount but I don't give u for spending few of my salary to invest in Bitcoin. Looks Bitcoin still on stable around $26,000 have good moment keep accumulate how many possible as our portfolio assets until expecting break out to higher price again one day later.
Well, the plans seem good, I won't say its stable on the 26K because, for a couple of days, we can experience a new tight range of 25 to 26 and I would like to say this can be a good opportunity who still haven't prepared themselves for the halving at least they should not let go this event. Also, i won't say this is a good strategy to follow the accumulation Because on regular accumulation you never wait for the dips like 6% 7% market drop there you need to follow DCA.
As if my Goal is 1BTC accumulation i cant afford 1 and once even I cant afford 25% of it, so there i will prepare my way to constantly accumulate all i can do for more progressive accumulation is i can buy more as if i was buying X$ a week and now market recently took a dip of 6% or 7% i will try to go for 2X or at least 1.5X of regular events.
IMO in this case I think we also have to look at the conditions where anything can happen.
DCA is indeed one of the good strategies but when looking at the conditions of the decline that occurred then apart from DCA, We also have to see some momentum from the decline so that it can be used to buy more, for example, we are still consistent every week by buying $10 or $20 when there is a decline, it can also adjust because we will also certainly follow developments and see whether the progress of btc will go back up or down (even though it is only speculative) so in this case while we can do DCA, we will definitely DCA according to the consistency we did before but on the other hand we also have to prepare to catch if possible btc drops lower so that we can get something more.
Because DCA also we have to see the conditions whether something like this can still do DCA or not because if indeed the condition of bitcoin still does not change and even tends to be lower we will certainly have several options in buying dips.
I am not sure whether I understand what you are saying Furious 7 - especially since DCE involves ongoing buying at any price, so by definition there wouldn't be any needs to change behaviors merely because of a BTC price dip, and so whatever was the scheduled DCA amount to buy, then that should not change - even though surely anyone exercising consistent DCA by definition, would end up getting more sats for the same number of dollars.
Now if you are doing extra or changing your DCA, then that is not really strict DCA anymore but instead a kind of hybrid that takes advantage of the dip, in the employment of buying on dips practices.
Bitcoin crash, don't panic, we are still expecting a buy dip, I will try to enter at the current lowest price.
It's not a problem when the price returns to bearish, it's an opportunity to accumulate more bitcoins at a discount with this we still have time and continue to buy at the lowest price. Take advantage of the situation that exists only for Bitcoin to be a good choice.
You are meant to have set your buy orders while you wait for the dip to go down. One can wait to buy at a lower price, and the market can just begin to recover again. Some weeks ago, I was just giving an example of someone who expected to buy Bitcoin at $25k, but after their desired price was reached, they still decided to readjust the order so they could buy at $23k. It could happen that the price does not drop to the new expected level.
Although I usually set my buy order before hand, recently I have had no buy order. Just yesterday I saw how the Bitcoin price was behaving, and I decided to set an order to buy at $25,500. Surprisingly, to me, it got executed. Even if the price goes a bit low, at least I took advantage of what I consider a price dip yesterday.
This condition can make someone a dilemma in buying bitcoin because they have tried at a certain price such as the example you mentioned at $25k but seeing a possible decline to maish far down sometimes we can have another assumption by being able to buy at a lower price such as $23k which makes the purchase order at $25k doubtful to do.
Things like this can make us actually lose both because there are still some possibilities to go up for example.
I often do stupid things like this because it is precisely with the greed that I have in my brain that I lose momentum and bitcoin has increased after the decline has occurred so for anticipation like this when I set to buy at a certain price for example for $25k when it has happened then I will stay at that number because we cannot determine with certainty the price that will be touched rather than I lose momentum to buy I prefer to buy at the destination I want to buy and re-plan for several other purchases at another time or day by looking back at the possibilities that will occur.
Those sound like the kinds of mistakes that you should be able to learn your way out of, and for sure I understand that they happen because they used to happen with me, and I think that part of the way out of those kinds of mistakes is to create plans that go beyond expectations, and sure you might have to readjust the plans after the BTC price might end up moving close to your limits, so then your expectations would end up changing.
Let's say that you had $1,200 that you had set up for BTC buys, and you set them up as follows:
$27,500 = $400
$26,000 = $400
$23,500 = $200
$22,000 = $200
Those seem to be fairly reasonable placements of orders, even though I probably would spread them out more evenly, and maybe every $500 in equal increments down to $20k or so, and sure that might only leave me with less than $50 per buy order, and even if you go every $1,000, you still run out of money quickly if you ONLY have $1,200 that is available for buying on dips. Of course, you are going to have cashflow coming in too, so you might be able to add to your buying on dips, but if the dip ends up coming in faster than you expected, then surely, you could end up not having additional money to add to the dip buys.
Maybe you really did not expect any orders below $26k to get filled, so you were not even very serious about those below $26k orders - however, when you saw the BTC price dropping so fast, you started to think that it might be better to pull your $26k buy order because the BTC price drop had been happening in such a ways that seems much more severe than you thought could even be possible... so surely part of your problem may well be that you do not have enough in reserve and you have not structured your buy orders well, and sure you even admit that you may well be trying to be too greedy, which is a kind of sign of gambling and/or being overly invested.. you are likely investing beyond your budget and trying to be overly strategic about your buy orders in such a way that is not even healthy for your own psychology.
You are the ONLY one that can really fix it, and I would suggest that the most logical fix is to either spread out your buy orders more and/or to make them smaller and stop trying to catch the exact bottom because the exact bottom does not likely matter as much as you think it does, even if other people are engaged in those same practices and have those same kinds of gambling style mentalities.