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Quote from: Cryptoprincess101 on March 23, 2024, 04:51:21 PM

So far as life is concerned everyone needs to prepare their future on time and the best way is to learn a good investment practices that will stand as a relief at a time when we won't have the strength to work much again because that is what will smoothen our financial position in the near future and we should do away with the fear of failure and be very positive as well apply the best investment strategy that will enable us to become successful investors. Investments are attached with risks but the risks are minimal more especially when we invest in Bitcoin because you don't need to be disturbed about your investment as all you need do is just to keep your investment goals alive by accumulating more at every time there is a dip in the price of Bitcoin.

I've read some other comments in the thread and what your saying seems quite contradictory, I don't think the dip is the only time we should accumulate bitcoin since we are using the DCA method that involves buying at intervals and helps reduce the impact of market volatility on our portfolio, besides those who buy only at dips would miss out on all other times to buy.

I think it's far better to buy eventide with DCA cause trying to time the market is the same as trading cause you might never buy If you keep on waiting for the dip especially as a new investors that needs to take more action than wait.

You are right, if a hot news is printed, there can be many comments for and against it. In this way, the essence of this topic can be extracted, which is very helpful for investors, especially for beginners. Newbies who are interested in buying Bitcoin can easily invest in Dollar Cost Averaging (DCA) as I find Dollar Cost Averaging to be the safest. For holding you need to have a lot of money which may not be available to everyone, in this case dollar cost averaging(DCA) can be best for you. Many investors waste a lot of time buying dips, in this the time if they can buy bitcoin by dollar cost averaging (DCA) daily. Then dollar cost averaging (DCA) would be more profitable than buying the dips.

There is so much uncertainty in the market hence waiting for the dip is a wrong approach, with your dca strategy you are always there in the market irrespective of the price. Buying the dip gives investors the golden opportunity of buying more Bitcoin with the same amount of money, you can be buying with your dca when price is high and buy wholesomely or lump sum buy when there is dip ,the combination of the both wouldn't be a bad idea. Moreso profitability should be discussed in terms of quantity of Bitcoin you have and not the strategies been used because I don't think is necessary comparing both strategies in terms of the one that is more profitable and the one that is not, rather what you should be your most concern is accumulating more of Bitcoin and your ability to hodl for a longer period of time.

If they are waiting for the dip then maybe they are not ready to hold since what they always think is the price when they accumulate and for sure that they will be bothered when seeing more dumps to happen and that can affect their decision making in future.

It is not that they are not ready to hodli, any low coiner that is waiting for the dip is not ready to increase his bitcoin portfolio, and his bitcoin investment will be stagnant, which kills the idea of increasing your bitcoin investment portfolio. If a newbie that have not bought any bitcoin yet is waiting for a dip, I pity that person because he is not ready to invest yet, because the dip might not come when he is prepared for it, but it might come when he is unprepared, and he will miss out. This is why there is no need to wait for the dip, but rather continue buying and increasing your bitcoin portfolio with regular DCA, monthly or weekly. Delay is dangerous, and as you are waiting, you are not getting younger. Invest in bitcoin and hodli to secure your future, amd save your funds from depreciating as time goes on. Fiat and bitcoin is two opposite. As time passes by fiat depreciates in value while as time passes on bitcoin increases in value.

This is actually what most investors have failed to understand, that most times the dip they might be waiting for may not come and it will make them to lose so many buying opportunities in the market, while with the DCA method, you can be buying Bitcoin bit by bit regardless of the price, and you can even buy the deeper most part of the deep if you decide to seize the opportunity by buying aggressively during that period, as long as it doesn't affect your emergency fund, and at the end of the day, you will definitely have more Bitcoin in your possession and you will be more profitable as long as you are a long term holder.