Quote from: Rabata on January 30, 2024, 05:26:14 PM

Quote from: Agbamoni on January 30, 2024, 02:50:48 PM

Quote from: Salahmu on January 30, 2024, 08:06:57 AM

Quote from: Makus on January 30, 2024, 07:34:16 AM

Quote from: JayJuanGee on January 30, 2024, 04:53:06 AM

and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers.

Actually I don't really no were those investors get that concept that Bitcoin must get to a certain dip before they could buy, actually is a very wrong mentality because considering the potential of Bitcoin and how the price movement behave I see no reason why an investor will allow buying dip to stand as determining factor on his Bitcoin investment because if it happens that the price did not get to the exact point they wish to buy that means they will automatically end up not buying at all.

Perhaps it will be very wise for an investor to learn from the mistakes of other investors because there has been numerous of testimonies concerning how many investors lost the opportunities they had on investing on Bitcoin all in the name waiting for the right moment before they could invest and at the end they end up not getting the opportunity to buy Bitcoin and still so many other investors are still having that mentality of waiting for the dip before they could buy.

Buying at the dip is good but waiting for the dip is not a good idea. The best option is while waiting for the dip, buying by dca could make you reach your target faster.

Waiting for the dip is definitely challenging because no one knows when the price may rise or fall in the market. Those who wait for the dip may miss the dip because of the bullishness. For example, the dip we had a few months ago is no longer possible. No one will get the opportunity to buy bitcoins at $16,000. I've heard some people say they waited for $10,000 after they hit $16,000, but that dream never came true. Of course we would say that dips are good, but if you don't collect bitcoins hoping for more dip, you will regret it later.

Many investors don't want to understand DCA. But if they do DCA then on the one hand they can increase their holding without financial pressure and on the other hand the change in the price of Bitcoin is not affected.

To me an investor that said he is waiting for the price bitcoin to dip does not understand bitcoin concept, do you wait for something is very difficult ascertain when the price will dip or increase, I think the answer is no, when an investor is ready to invest, he should not see the price at any time as obstacle, he should see it as an opportunity to invest, early last year the price of bitcoin was not encouraging but keep happening until it rose to a sufficient amount, it dropped and continue, so I want to ask this investors, if the market keep doing this kind movement how you come to the conclusion to invest, I think procrastination should not be the mindset of an investor so that he or she won't miss out.