Quote from: SOKO-DEKE on Today at 09:35:49 PM

Quote from: Salahmu on Today at 08:22:55 PM

Actually I no that every investors has there own strategy that favours them but however I would suggest that you shouldn't only focus on buying Bitcoin when it gets to $38k because there is no any certainty that Bitcoin price will drop to that price you intend to buy because the reason why I'm saying this is that I have seen numerous of investors who focus on buying Bitcoin only when it gets to a particular price and they waited for a long time and the price could not get to there intended points as such they missed all the opportunity they had on taking advantage and accumulate Bitcoin.

Waiting for Bitcoin to drop to $38k before buying can be risky because it's quite likely that Bitcoin might not go down to that specific price again. Instead, it could only dip to $40k and then start rising once more. This waiting game might cause you to miss out on the opportunity to accumulate Bitcoin for the entire year. Many people made this mistake when Bitcoin dropped to $20k; they expected further drops, kept waiting, and missed the chance to start buying. While getting Bitcoin at low prices is beneficial, waiting for an even deeper dip might not be a wise strategy.It's possible that the price may never reach the level you're aiming for, leading to missed opportunities and regret. It's important to strike a balance between waiting for a good price and seizing the opportunity when it arises.

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So actually instead of waiting for the Bitcoin price to get to $38k before you start accumulating you could use the strategy @Jay was suggesting, from my understanding he suggested that while we wait for the price of Bitcoin to dip before we can Lum sum that there should be a plan to have another separate funds that will enable us keep accumulating using normal DCA while we wait for Bitcoin price to dip to your expected price before you could Lum sum, so perhaps I will advise you use this method so that it will enable you have some amount of Bitcoin if should incase the price doesn't get to your expected points.

If you're thinking about buying Bitcoin and hoping for its price to go down to $38,000, there's no guarantee it will happen. Instead of waiting for this specific price drop, a smarter approach is to start buying a little bit of Bitcoin regularly, even at the current price. This method is called Dollar-Cost Averaging (DCA). It means you invest a fixed amount of money at regular intervals, regardless of the current price. By doing this, you avoid the stress of trying to time the market perfectly.

Regardless of Bitcoin's present worth, building up a collection over time can be a wise move if you want to keep onto it for a very long time. By doing this, you may take advantage of Bitcoin's potential growth over time and create a more stable investment without having to worry as much about the cryptocurrency's short-term price swings.

Lesson well learnt, many will definitely take advantage of the knowledge being shared here while others will miss out, the individual cash flow is what i consider very vital follow by the investment strategies and getting started because procrastination could possibly lay off the target.

Waiting for the expected dip could be very risky because their is no guarantee that you can even be satisfied with the dip you are expecting, you may probably be waiting for more dip, take advantage of every dip by increasing your DCA is another smart approach, if your DCA allocation is usually $10 monthly it can be increased to $15 when in dip instead of waiting for the perfect dip that may not happen.