Quote from: Winterfrost on Today at 08:13:14 PM

Quote from: Ruttoshi on Today at 01:20:59 PM

Quote from: Riginac111 on October 19, 2023, 11:25:55 PM

Quote from: Obim34 on October 19, 2023, 06:11:47 PM

Rightfully said, buying the DIP and holding is another effective strategy most persons apply to accumulate there Bitcoin. But no skills can be 100 percent accurate in predicting the price, so why not buy at specific intervals at that price instead of just hoping on the dip alone

Most of the investors both new and old always targets buying DIP and most in bitcoin and hold to make profit when they arises to sell, and what is the target of someone who buy dip is to sell when their is a bullrun and this has being the method of people right from time, but recently some people don't think of such strategies of buying DIP and hold for long-term, what they are interested is making profits whereas they have no applications to make a profit during their investment.

The thing is that buying when the price is low and sell when the price is high has being possible tactics for most of the investors why their is every possibility that you can buy in dip and expect it to increase and it happens to be going more DIP, so let us not only hope for one strategies of accumulating our bitcoin, let us device other means of accumulating our bitcoins because sometimes predictions do fail and we don't have anyone to be blame when it happens.

You are right by saying buying at the dip and hodling for two circles and above is a good way to make profit. But you should also consider not buying at the dip alone, since you plan to hodli you should come up with a buying strategy that will enable you accumulate and increase your bitcoin portfolio with the three method, which are lump sum, buying at dip and the DCA strategy. These three strategies when well planned and prepared for, will make you increase your bitcoin rapidly compare to when you are using only the dip method to accumulate you bitcoin portfolio. If you are working, you can always use 10% of your income for regular DCA and when you have some bonuses and some extra funds from office, you can save them to buy at the dip because you don't know when the dip will come. Also if you have some allowances from your place of work, like travelling allowance when you are sent to represent your company, transportation allowances and some training allowance. You can put all your allowance together and use it to buy bitcoin once as lump sum. You will see how fast your bitcoin allowance will increase.

There is this funds that as workers in my place of work, 3% from your salary is being deducted to kept for each staffs, till the end of the year before it will be sum up and given to you with your Christmas bonus, so that the money will be of high amount, so that let it be that at the end of the year apart from your monthly pay, you still have a reasonable amount of money gotten from the company that will be more than enough to sustain you till after the festive period. Such money can be use for lump sum buying while you are still DCAing regularly. This is the plan that I have in mind, when I get my Christmas bonus this year to buy bitcoin once, since it isn't part of my monthly income.

Ok, this is good you are being well detailed in your explanation. But dont forget that the price of Bitcoin might not be satisfying during the period you get your bonus allowances. So within that time it is best you DCA with the money or you could wait for a while to see if the price will adjust to the desired price and buy at lump sum. This all depends on how fast and the period you gave yourself to accumulate the amount of Bitcoin in your portfolio.

I see comment of panic sellers getting ready to sell. By now people should have learnt a lot of lesson, they should not regret twice. Bitcoin touching 30k doesn't justify the fact that the market is on a Bull run. Its obvious that a lot fo people are expecting the bull run and its showing that there will a be a lot of people selling if the price eventually go to the range of 32k or 35k.

Its been a while that we havent been able to see that 30k price which there would really be those people who would really be having impressions that this might be start of the bull run but we know that it wont really be that just possible until the Bitcoin halving but who knows right? There's no way that we could really be able to predict on whats ahead and this is why it would really be just that better that you should really be wise on taking up some investment decisions.If you have DCA then you wont really be that minding much on what price entry you have been able to get in because we know that in making DCA then it wont really be that
much of an issue in speaking about entry on which as long you do have that available funds then you would really be just simply buying if the price goes down or according into your preference.

If it would be going down even more then this is where you would be considering on adding up funds for you to dca even further but of course there's no such thing about
unlimited funds on a certain individual and this is why we are really that keen on entering the market too often and as much as possible then we would really be that
going after into those prices on which we do consider it ot be the bottom price to maximize out profitability.