Quote from: Justbillywitt on Today at 06:30:57 PM

Quote from: adultcrypto on April 07, 2024, 07:38:42 PM

Quote from: I_Anime on April 07, 2024, 07:18:52 PM

Quote from: KupaCrypto on April 07, 2024, 07:19:01 AM

My take on this Is buy when there is a drop in price, hold enough of it , whether Bitcoin or shitcoins, when it comes to crypto space we can't accurately predict the future, some years ago specifically the early days of BTC one will tell you that holding enough of Bitcoin was risky, but that can't be said of it today, as it has gained more values, the same goes to other shut coins buy when there Is a drop in price, hold as many as you can , and maybe later in future you don't know what will happen,

When Investing in shitcoins you just just invest like a life savings in shitcoins, because you can't predict the future of that shitcoins, but a life savings can be invested in BTC given that the future of Bitcoin is already bright, for newbies DCA strategy can maybe be suggested to them, holding coins for a long term really pays on a long run.

Most things you are just saying Is off mate. FYI we don't have to wait For any drop in price before thinking of accumulating, this bitcoin we taking about, well I guess the reason you have such mentality is due to the fact that you have been In to shitcoins for so long which is bad ( and your post says it all). There's reason why DCA strategy is there for us to make use of. It gives us the chances to purchase bitcoin at any price interval. And I won't advice to use such strategy in shitcoins so that you won't endup getting self reckt so badly , because the risk in shitcoins are just so much , so please try to reduce such urge in investing in and focus mainly on your bitcoin accummulation to be in more safer side . I hope in that part that I bold when you mentioned coins , hope you talking about bitcoin so that you won't endup misleading newbies in investing in some shitty shitcoins.

You seem too committed to the DCA method that you tend to have forgotten that there is another method of buying called buying the dips. There is nothing wrong with setting aside some funds to buy when price dips and when waiting, using the DCA method to continue buying without stop and waiting for the dips to buy lump sum. This is a kind of combined method which is very effective. I think most experienced investors apply this method and I recommend the method for anyone who want to fully take advantage of different market conditions.

When something is working for you, there is every possibility that you will be committed to it. Besides DCA method is something everyone should be committed to. There hasn't really been a reasonable dip in the market for sometime now, and in situation like this it's not wise to keep your money in the bank and waiting for dip to happen, where as this money can be effectively utilize in accumulating through DCA. Even if the dip eventually happens, someone who is committed to the DCA method will still benefit from it, because his continuous buying is in all market conditions. So getting committed to the DCA method really get you covered. Instead of being confused and worrying unnecessary in calculating when there is a reasonable dip, why not just focus on DCA method and save yourself from all the unnecessary stress.

Actually it depends what you prefer since maybe there are people are not contended with DCA methods since as he said he can able to wit for the dips then accumulate which is still fine. But for sure he has another plan when those dips didn't came and he can go back to do DCA method so that they can make sure that their holding size will increase.

I know waiting for dip is not applicable to anyone since there are people will doubt seeing some dips will happen. But for people who's emotion has been strengthen by years of experience and exposure on the market for sure they know how they can handle their selves on any situations that may occur.
But actually what's important at the end is they have holdings and their decision is solid to hold their bitcoin for long term then think about they are doing a good investment with this coin.