Quote from: Sim_card on November 05, 2023, 04:25:48 PM

Quote from: Roseline492 on November 05, 2023, 04:01:01 AM

Perhaps if you are using DCA strategy I see no reason why we should focus on buying dip, I no that accumulating during dip is also one of the best time but with DCA strategy we don't need to wait for a dip to come before we could start investing on Bitcoin.

As stated above by @Agbamoni, it is wise as an investor that us DCAing to also keep reserve of funds that he can use to buy at the dip, such incase bitcoin price dips, and he will still continue with his DCA strategy. This will enable you get to your bitcoin target faster than when you are only DCAing. This is because nobody can time the market but you can be prepared for the market by reserving such funds for the dip.

Exactly but if you are the type that have already set up some certain percentage of your income to always invest in bitcoin weekly or monthly, without having another source of income asides this money that comes in a week or month time, it will be very hard for you to achieve that. The much possibility of your achievement in such case is to use more than the percentage you’ve set aside for it to invest in bitcoin. If the repercussions of such actions is controllable and can be bared within that period, it will be a great idea to accumulate more bitcoin at dip while keep focusing on continuing the DCA method. If that is even possible and the repercussions will not be able to sustain one for some other weeks or months, you can hold on to DCAing after you’ve already accumulated more bitcoin at a lower price, then continue back when you’re balanced again. Both ways are good but you just have to chose the one that will best work for you.

Quote from: Agbamoni on Today at 12:13:39 PM

I guess you're contradicting what Mate2337 is trying to say. He's trying to convey that there is no perfect or best time to buy Bitcoin, especially when you're using a DCA approach. When you're DCAing, you can buy Bitcoin at any price because there's still a belief that the price of Bitcoin will be higher than the current price, as long as you're holding it for the long term. There was a time when Bitcoin was at 23k, and everyone was hesitant to buy; now it's at 35k, which would have resulted in a profit of 12k if you had bought it then.

You see, the bitcoin market is one of the most unpredictable market trend to foresee or decide by mere looking or analysis, I don’t blame those that couldn’t still buy at a lower price than it was before since they are hoping it would come lower than it was at that time. One thing is to be understood in this market, some opportunities comes but once and you just have to take it when it comes, if you don’t act that time, you might lose that opportunity forever and will regret such actions. In such an unpredictable market, you must first make up your mind to flow with the trend of the market and not wait for the market to hit your prediction price before you can join in. Many ‘Had I know’ but they remain irreversible at this time now. I believe if you’ve understood the market very well and made up your mind or maybe made a mistake of not buying early in the past, you won’t be repeating same mistake this time around again.