Buy on dips should not always be the case, why not concentrate in buying when you are ready, must it be on dips, people should know that bitcoin is an asset no matter how dip it goes, it has never stop giving people hope of shifting to positive position, I think everytime is an opportunity in bitcoin that's why continues accumulation is the best irrespective of the price any day any time.
Yeah, obviously, bro, this is true that Bitcoin is always gives you the opportunity to buy because Bitcoin is highly volatile and their price movements are not always the same.
I mean, Bitcoin always provides opportunities for investors to participate in it. When Bitcoin rises, it does not mean that the price went up and will not fall again, that is, it will not give you an opportunity to enter again, but Bitcoin gives you good opportunities every time you take an entry. This is our example. It is clear that when Bitcoin was 37k in 2022, no one expected that the price of Bitcoin would go to $16,625.08 on January 1, 2023. When it actually happened, everyone was surprised.
So it means to say that Bitcoin always gives you the opportunity to take entry.
You can always participate in bitcoin, but it does not meant that at any particular time that any of us is considering entering bitcoin that there is going to be any advantage in waiting and/or that an "obvious" entry point will present itself.
There is an expression that it likely pretty close to being true, and that is that the best time to enter bitcoin was yesterday, and the second best time to enter bitcoin is today.
In other words, the mere fact that the btc price has historically dipped and/or provided unexpected dip prices does not mean that it is going to happen to the degree that any of us is going to clearly and unambiguously be able to recognize such dip as an entry point.
If anyone believe that the drop in price of btc is temporary and the fundamentals of the asset are still strong you might consider buying at the lower price.
Take some time to research about this further and historical price movements. This can help you make a more informed decision about whether to buy, sell, or hold. can be taken advice from investment professionals or experienced traders about btc.You have misunderstood the person that you quoted.
A newbie, don't need to be making research about the price movement of bitcoin history before he should buy bitcoin or need to wait for the dip before he buys. This is because all those things are waste of time. A newbie should only know the basic knowledge of bitcoin, check his income and make out plan on how much that he can use to invest in bitcoin, that will not affect his other expenses, after he must have kept his emergency funds. The the left over money should be used to start investing in bitcoin weekly or monthly using DCA method, and hodli for a very long period of time. DCA method gives you the opportunity to buy bitcoin regular irrespective of the price of bitcoin, DCA is also used to buy at the dip if you don't have a reserved funds to buy at the dip. So there is no need to wait for the dip, that no one knows if it will play put or not.
DCA method is easy to cope with, because it gives you the opportunity to buy bitcoin in a comfortable way without pressure, and you will also have time to plan for other things. You must important thing is that you get into bitcoin Asap and continue to grow your bitcoin portfolio bit by bit by being consistent and persistent in accumulating bitcoin.
You don't need to start talking of selling at the beginning of your investment journey, because it shows that you are gambling and will run at loss, with little or no bitcoin in your portfolio, and you are not investing but trading. This is why before you start your bitcoin journey, you must consider investing in a long term, so that you can use that period to noture, grow and build your bitcoin portfolio to your bitcoin target. When you sell in your accumulation stage, you will not be able to achieve your bitcoin goal and you will lose focus on your bitcoin long term investment journey.
It took me few days to understand this method called dip and hold when I started new, I found out something special about the dip and hold method, even if it's considered to be one of the best strategy when buying bitcoin it also have something so special and I believe a lot of investors have benefited from this method, investors like students, workers, low income earners, newbies etc. I'm yet to benefit like other investors but to reap this benefit needs the sacrifice of patience.
For example investors who bought earlier when bitcoin started using this strategy "dip and hold" are very Lucky, this strategy talks about the price and when to buy but surprising anyone can buy using this method at anytime and hold, that's what makes it risky but with the mindset of a long term investment you'll definitely not regret. I believe investors who never made profit using this strategy earlier never wanted a long term investment but rather a short term investment. Let's be realistic no one can actually use this method for short term and no one should actually use this method if they're looking for quick profit cause this strategy doesn't work that way.