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Yes, you are right i am only purchasing when my dip formula triggers. Because of this always have funds when the market crashes. After investing that money i started saving my money for the next dip and in this way, I have been buying for the last 2 years. I need to take a look at all my transactions to calculate an average but i am confident that i have more than those who are doing DCA a regular intervals. I know bitcoin investors feel anxious if they have any cash in their hands. They wanted to buy more Bitcoin no matter what the price is. That is why i mentioned that SIP makes people psychologically disciplined.
I don't have any objection to what you are doing or even any kind of dispute that your system is able to beat a pure DCA approach.
However, your approach is likely much better applied after you have already accumulated a decent amount of BTC rather than an approach for either a beginner no coiner/low coiner or someone who considers themselves to be in very early stages of BTC accumulation... but surely once you might have already crossed some BTC accumulation threshold, then there can be a decent amount of advantages to customize your strategies or even to move away from DCA and more into Buying on dip or some variation of those which seems to be what your SIP approach represents.
Your observation is notably good. But are you certain that there will not be any more dip?
You are the one employing the SIP and trying to figure out whether there is a dip or not.. My way of doing things is pretty damned dip neutral, at least in the sense that I had already set up my orders down to $13k around last November, and just added to them (on the way up) when the BTC price went up and made some decent adjustments to the size of the orders in June 2023 due to extra money that I had come across (accidentally or whatever). You are the one trying to figure out a dip (and I have no problems with that), not me...
As far as I know, when some big company or organization tries to enter the Bitcoin market it crashes down to give them a better opportunity to accumulate Bitcoin at a low price. This is pure manipulation but this has happened before.
Well, if you think that you got it figured out, then fine.. good luck with that... and if you think that you got it in the bag, then we just have to wait to see how it plays out.. and I suppose ONLY you are going to know the extent to which your orders end up getting filled, unless you want to disclose the various price points that you have your buy orders or do you employ your BTC buys manually rather than setting them in advance?
It is certain that Blackrock-like company is coming to the Bitcoin market in the future so don't you think there will be some kind of manipulation before the next halving events?
There's always manipulation, but the manipulation is not always down, and sometimes even the manipulators end up getting reckt, so they may well be playing a dangerous game if that is what they are doing... but hey I hardly give any shits.. if the BTC price goes down, then I buy every $500 down to $13k, and if the BTC price starts to get near $20k, I might have to consider adjusting my BTC buy orders between $13k and $20k.. otherwise I am not trying to strategize dips, even though I know a lot of guys are following this thread are engaged in such attempts, so there is nothing wrong with doing that and talking about it because it is surely a central aspect to this thread's topic..
....but it is not going to do you a whole hell of a lot of good to ask me regarding what I think beyond some of my earlier assertions about where I consider there to be support points, and i am not even changing much if any of my BTC buy orders based on where I consider those support points to be, except like I said, I might start to reconsider the size and the placement of my BTC buy orders between $13k and $20k if the BTC price starts to get close to $20k and it appears that it might end up breaking DOWNity through support.. and surely I hope none of that happens, but I have buy orders currently in place to account for that..and a kind of tentative plan in case it ends up happening.. but I am not going to cross the bridge or attempt to cross the bridge until we get there (if we get there?).