Quote from: Mayor of ogba on Today at 02:12:54 PM

Quote from: Justbillywitt on March 21, 2024, 09:14:24 AM

Quote from: Obim34 on March 20, 2024, 05:24:51 PM

Quote from: michellee on March 20, 2024, 02:14:49 PM

When I am back to the market, I was impressed by Bitcoin's movement. I expected that to happens before I left the market a few days ago. Now is still a good time to buy more Bitcoin, either buying directly or continuing to run DCA.

With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.

This market correction is an important influencer to help Bitcoin reach the peak of it's all time high, many already predicted the correction to happen and it did, every current price range is the absolute point to invest in not undermining it could go lower than the recent price. Dcaing on the DIP should be encouraged as we stand much better chances to accumulate more Bitcoin than just buying at a particular point, who knows if the price would go below.

I would advise investors who have enough finance to DCA massively than usual at this period when we are very close to the halving anything might happen. Bitcoin might return to hitting new price mark and it's encouraged for we to take the correct condition of the market for our own advantage.

It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.

This is good for rich investors because they have enough money, which will allow them to accumulate bitcoin anytime there is a dip, and they will not struggle to solve their financial problems. If people who are using their monthly salary to accumulate bitcoin with the DCA strategy keep buying the bitcoin dip, they might have problems holding their bitcoin for the long term because they will use the money meant to solve their financial problems to buy the bitcoin dip. Since we are all in on bitcoin for the long term, any investor who doesn't have enough money to accumulate bitcoin in the bitcoin dip should concentrate on accumulating bitcoin with the DCA strategy. When it is time to accumulate bitcoin with the DCA strategy, if bitcoin is in dip, you can still buy it, and if bitcoin is not in dip, you will also buy it and have enough money to take care of your financial needs.

Yes I understand what you are saying and that's just the truth. What I was actually saying was that salary earners should not just wait for a dip to buy or take break to see if there will be a further dip before they can buy. Rather they should continue with their weekly DCA and not wait only on the dip. They should buy at all market conditions provided their salary keeps flowing in. Even if they have been buying for the past 2 years they should just keep buying until they have gotten something reasonable. And for people doing low income DCA it could take several years to get a reasonable amount of bitcoin, but what's the rush all about? After all this thread is about buying and hodling, so we shouldn't stop along the way. If we must see positive result, then it must be continuous.