But in trading and investments, there's always more than one way of doing things, no? It can't be just YOUR strategy that's profitable, but a multitude of other different strategies. You prefer to DCA, and that's OK. I prefer to save, and wait for a discount, knowing that Bitcoin cannot surge up forever. Always there are corrections and crashes, and it would be laughable to believe that macro-economics will never have any effect on Bitcoin. Because as Bitcoin matures, it has become more and more entwined with legacy markets. March 2020's crash was proof of that.
You need to correct me then maybe if I'm wrong, Bitcoin DIP happens in every 4 years cycle? If so, then why wait to catch the DIP instead of also making use of the DCA approach. You still don't know the break point of the DIP before Bitcoin surge, you might miss out. Consider the option firstly by starting the Dcaing then during the DIP any point you consider fit you buy wholesomely to hold.
We are always left on our own free will to choose the strategy but in the process we get to choose one which will put us in a better profit despite not being a fan of it.
Now just to wait for a dip to hodl, and I right?
Feels like we've been starved of dips since March 2023, when price corrected from $25K to $20K, which was an incredibly tasty dip. Since then, we've had $30K to $25K that barely reached -20%.
All I can say is that I'm looking forward to more dip buying in the near future. Hopefully 2024 will be better dip buying experience than 2023 was!
I'm surprised, expecting a DIP in this 2024, I do no think so. The market is currently recovering and I don't think we should expect anymore DIP. The DIP which we have been anticipating is now at this price for those who earlier missed buy at the $15k+, $20k+ and $30k+ as long we are still below the last ATH, I consider it a good DIP for many investors to come in.