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.
Bitcoin is a solid project, and I think there is no need to analyze the market before we can accumulate bitcoin because it might delay us from accumulating our bitcoin on time. That is why it is good to adopt the DCA strategy to accumulate bitcoin. With the DCA strategy, you will not have to analyze the market; you can accumulate bitcoin anytime your fund for DCA is readily available, and you can even accumulate bitcoin when the price is increasing or decreasing.
Actually I also don't think it's necessary to be analyzing the market as a long term investor, so to me the deep in price of Bitcoin is an opportunity for an aggressive buying, regardless of the accumulating strategy you are utilizing, wether DCA method or lump sum, as long as your buying aggressively doesn't affect you in financing your basic needs, because I believe that Bitcoin investment is more rewarding to a long term holder, so it's pointless analysing the market, which to me is meant for traders, not investor like us that think long term only.
I don't think it's okay going at once buying using the lump sum strategy as newbie it looks like gambling, accumulating bitcoin aggressively has process and as time goes accumulating amount continues to increase.
I do not know how accumulating bitcoin correlate with gambling, those are two parallel statements that will never meet. The lump sum buying strategy is not a bad one for both newbies investors and experienced investors. If you must know, most newbies even started with the lump sum method of buying before they even learn about the DCA method that is a kind of systematic. I do not see anything wrong with the lump sum or the DCA method, provided the investor plans and perfectly aligned with holding for long and provisions are also made by the investor to protect the investment from compulsive selling.
Having the money to buy using the lump sum strategy as a newbie still doesn't change the fact but rather I will go with the dca strategy at first cause I still have a long way to go with accumulating bitcoin and as time goes I can increase.
I am being compelled to ask you if you bought your first ever bitcoin using the DCA method or the lump sum method? I have the feeling that the answer will be lump sum and this is the same with most of us when we started. It is now we have learnt the DCA method after we are already involved in bitcoin, therefore we have seen that it makes the buying process more systematic and organize and also give us the easy of decision making by eliminating most of the variables that make people procrastinate or miss opportunities. There is no doubt that the DCA method is great and so is other methods provided the plan is to hold for long term.