Quote from: JayJuanGee on Today at 01:52:42 AM

Quote from: Negotiation on Today at 12:53:58 AM

Quote from: JayJuanGee on March 21, 2024, 11:55:36 PM

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

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.

DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.

My opinion here is very clear because when you are looking to buy bitcoins you have to look at the low or high prices. You should pay more attention to how much you can save or invest or accumulate bitcoins. Then the continuity in investment will be fine. But if you want to buy bitcoins on your own and invest a large amount, it depends on your personal decision what kind of decision you actually make and with what kind of plan you manage the investment. But if you want to make a plan then I hope @JayJuanGee's suggestions will be very useful in your case

It seems that @Justbillywitt and I are somewhat on the same page here. and you are the only one suggesting the possibility of waiting more.

I still am not sure why there would be any reason to try to figure out the high and the low unless a guy were to be trying to buy a further dip than we already have had and surely we don't know if there is any further dip and we might not even be able to assume that anyone - Justbillywitt or anyone else - still has extra value that he might be holding back to buy a further dip.

Surely if you are manually employing your DCA every week, then you might try to maximize your buying potential by trying to figure out the dip within the week and to buy the dip; however, if you are having trouble figuring out the dip wouldn't you just buy at any price rather than waiting around with the money or letting it build up?

So in the end, the extent to which you feel that you are even able to wait for further dip depends partly upon if you already have enough BTC, and since an overwhelming number of people do not have enough BTC (which I believe Justbillywitt fits in that category), then they most likely should not be waiting around to try to figure out how much of a further dip there might be at some later point..

Let's say if a guy is buying every week for the past 6 months or 1 year or even 2 years... do the guy think that he has enough BTC and does he believe that he can stop and wait and figure out if there is going to be more of a dip in the BTC price or just buy with his weekly authorized amount?

If the weekly amount is $100, then maybe instead of buying $100 for that week, you decide to buy $50 and then wait for a further dip for the other $50? But there has already been a decent dip, so if ONLY $100 is available, then there might be questions about how much waiting is necessary since there has already been a pretty decent dip. Or would there be some other strategy?

You might not even be in a good position to say @Negotiation, especially since you said that you are not even buying BTC on a regular basis because you have too many expenses... I mean if you are not buying BTC regularly, then you are not prepared for UP, so are you just waiting for more down before you buy? And, none of us here are really making those kinds of recommendations for guys who don't have much if any BTC. We already had some down, so it seems that it may well be good to buy at these prices and perhaps save some more for next week depending on when the money comes in (and becomes available). Are you waiting for more down from here?

I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.

Of course I fall in the category of people who have not accumulated enough bitcoin. At my level even I keep accumulating on my DCA for the next 3 years I wouldn't still have enough bitcoin so why will I wait? There is no way am going to wait, instead of waiting I will continue buying. You see lots of people are making this mistake of waiting and it will only hurt them. Even Microstrategy are buying bitcoin in all market conditions and are yet to stop buying, then why will someone like me who has gotten anywhere think of waiting for which market dip before buying, that will never happen. I will encourage everyone to leave the waiting camp and join the continuous buying camp. It is more organic this way!!