Quote from: I_Anime on March 26, 2024, 11:41:55 PM

Quote from: teamsherry on March 26, 2024, 11:26:15 PM

Quote from: JayJuanGee on March 26, 2024, 03:25:59 AM

and during periods that you feel that you have more than enough BTC, then you can start to be more strategic in terms of waiting with some of your buys, but if you wait too much, then you might end up screwing things up and holding too much dollars when the BTC price is shooting up.

In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.

From your explanation, you said if we feel we have enough bitcoin then applying waiting strategies would be fine, meaning that those that are still early in bitcoin should focus more on DCA buying so they don't get distracted or miss out on good opportunities to buy.

I think using dip buying as a primary strategy is not smart for a beginner cause it involves too much timing of the market and most of them haven't even gotten a good portfolio yet and they are already distracted by dip buying which can in turn slow down their accumulation process, like you said before, I think as a newbie we should focus more on consistent buying than waiting on dips unless we have reserves we can use for such.

yeah , purchasing the dip is an opportunity for all to purchase at a low price, but as a newbie who's forn of always waiting for the dip before purchasing some quantity of bitcoin, is not a smart move. For those that have gotten to their accumulation goal , having enough Bitcoin in their portfolio, waiting for the dip won't be any issue to them because they have already stop accumulating, all they are doing is just holding. Such individuals may decide to have this mindset of always purchasing using lump-sum whenever there's a dip just to addup some coin (bitcoin) In their portfolio . While those of us that haven't gotten far with their accumulation should focus on how to have more bitcoin in their portfolio using any method or strategies convenient for them.

Its good to acquire when the price of bitcoin dip but for us don't know when this scenario will came then its better not to wait this to happen since we might waste our time for that and instead we already settled for doing our plans especially for accumulation we are still there waiting and not yet doing any action.

That's why if they want to succeed they should react according to their capabilities since it still the same effect not unless if they are there just think about hodling but at the end they sell their bitcoin because they got panic on certain condition happened.

They should settle up and know what's more better since if their mindset is to accumulate whatever amount they can put it and ignore those pump then dump schemes for sure they became successful bitcoin investor in future.