Expecting a continuous price decline like that is also not very good after you have succeeded in getting Bitcoin at low prices twice in your previous purchases. Today Bitcoin has re-positioned itself at a price of $27K and you should be able to smile a little because you can immediately see profits in your portfolio without having to wait any longer, but my advice is to continue holding it until you see the price double the current price so that you can feel true happiness through Bitcoin.
The DCA strategy that you are doing has really worked very well and I think you also really understand it so that you can continue to use it in the future when you have money saved that you don't use for other things. And the price increase seen now is also not a bad phenomenon for you, even though you still want to buy Bitcoin under $25K, but for now look at the profits you have made so that your confidence in Bitcoin can continue to grow.
yeah i was still aspecting to see more declines in the market as We all know CPI reports , and FTX decision came from court was to start selling their assets so that's why i was aspected that market will go down but very now you have mentioned me btc goes up and set it price to 27k$ which i think really don't know what's going on we can't time the market right. Now what is have experiences all these kinda news are just to liquidate small investors in the markets and bigwhale plays their game. so now what i am thinking to buy more amount of btc at 27k$ as i don't aspect very much from market it is also good price to buy some more.
Thank you for your submission and also congratulations for choosing to invest in Bitcoin. It might just be one of your best decision you have taken.
Any approach you adopt to accumulate Bitcoin is not bad as long as it is increasing your portfolio. A lot of people are using your option of waiting for the dips to buy and since we are still in a relatively undecided market condition, they have been right buying at every dip. This will continue until we have a bull market where market might not give them the chance to buy again because dips might be rare to see.
The DCA method does not really look at price... so the option of waiting to buy at the dip does not really agree with DCA. If you are employing DCA, then waiting for the dips will not be necessary... so I guess you have some modifications to make regarding your approach so you don't miss our on major move that can start any moment.
well i think kinda sage words and i would say many thanks for your opinion to me about the modification in the strategy of DCA'ing. i think 27k is still good time for me to go ahead i was just doing DCA in the way to buy only dips whch i think also good aspect but somehow your points still relate like we always should not for dips to buy well thanks for you appreciation.
To me, it is a bit unclear what @snowpega is doing since he seems to be DCA'ing and also buying on dips, and there is nothing wrong with that so long as the person doing the BTC accumulating is still going to be sufficiently happy with what s/he had done if the BTC price ends up not dipping down to the expected prices whether that is going into the $23-$24k range or even dipping into some kind of an area that approaches $20k per BTC.
To me it continues to seem unrealistic to be putting too many hopes into buying on further dips when we are still more than $1k below the 200-week moving average.. yet at the same time, there is nothing wrong with having some lump sum amounts that might be on the sidelines and ready to buy at various price points if the BTC price does end up dipping.. It just seems to be a common mistake for newbies to end up holding too much in reserves in order to prepare for dips that might not end up happening.. so it seems that the main solution is to think through the scenarios ..and maybe even roughly plot them out, and get to some kind of position in which you are happy with either price direction while being prepared for either..
Many thanks to you as well as i learned from your words that never hope alot from market like always wait for the dips to buy now i have made some modification to my knowledge to buy at current lower price rather than aspecting for the dipper one as we don't know what is going to happen or next move of market yeah all we can do is FA and TA to know the market behaviour and have some prediction of future and can't 100% accurate right?