⭐ Merited by JayJuanGee (1)
I was really having a problem identifying the dip, and the best time to buy more. Since the bitcoin is high in volatility. I noticed that the more I wait for the lowest price it goes up and down. I kept waiting for long and I never achieved anything instead I started using the money to buy some economic needs at the end I will end up not buying as I anticipated. When I got another money to buy, before then I read in an article I can’t really remember the author right now, it said until bitcoin passes its ATH then we are still in the dip, so buy now and later. This was how I learned to add Bitcoin to my whenever I have money to invest in it.
Waiting for the dip or timing the dip has brought regrets to investors who uses only this method and it has made not to be able to accumulate a good amount of bitcoin because it is hard to know what price is the minimal dip. Investors that don't have any problem when they are waiting to buy at the dip are those investors that have reached their bitcoin target or almost close to their bitcoin target, by then they can choose to slow down in their bitcoin accumulation and might see the regular DCA approach not necessary anymore. But a newbie who has just started his bitcoin journey or a low coiner shouldn't wait for the dip because he might end up missing out. It is better that your bitcoin investment keep increasing fradually than you are just waiting to buy once in a while wjich you are not too sure of the right time to buy.
I found both of them in Twitter/X. I believe if he invested seven years ago, during 2016, he would probably be thanking himself for having an open mind and actually learned about what is one of the most important invention of this century.
As for Nicholas Jackson, who has every knowledge about bitcoin on his nose and could't take the opportunity to benefit from what he has learnt, is like some people in the forum who feel that it is better to know everything about bitcoin before investing, they might end up not having any satosho, because anyone that believes in bitcoin will buy even as he is learning so that he can have an experience of the market and the ups and downs of the market to become better by tomorrow. Nicholas Jackson missed the biggest opportunity of buying bitcoin and making profit from his investment because he failed to put down the theory that he learnt into practice. To me I see it as a wasted knowledge because he couldn't benefit from what he learnt.
This is why it is good to invest in bitcoin when you have known the basic knowledge of bitcoin and learn the rest knowledge along side as you are hodling and increasing your portfolio with DCA frequently. So that we don't see ourselves as someone that have all the knowledge of bitcoin but have nothing to show for it.