The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.
Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.
Buying the dip is a good strategy but it is complex and difficult to follow because you cannot know what the end of the dip is. Price may drop which you will consider the dip, and just before you know it will continue dropping lower and what you might be thinking is the dip will just be high prices. You don't expect newbies to be in a confusing situation like this because they might just get frustrated and start panicking. Instead of this, I prefer the DCA method with which I will comfortably buy when the price drops, and when it continues dropping I will keep buying and all to my advantage and I will not have the option of panicking. Newbies can easily use the DCA method as they will not have problem with price dropping or rising because whichever way the price goes, it is fine for them.
I know personal choices matters when it comes to investment but as generally acceptable means of buying bitcoin, the DCA method is recommended for all no matter their financial capabilities because the investment can be made in pieces but regularly.
This is the main reason why buying the dip should not be taken as our primary strategy for investing in Bitcoin because it has the potential to fail us when we need to accumulate the most. Rather it should be seen as a secondary investment strategy option. Don't get me wrong I do not say it is not a good strategy because if an investor is lucky enough to buy the dip at a very low price (ie. 20-30% below) below the ATH then he would be on massive profits when starts retracing back up.
Yeah, it will be tramauntizing for beginners to buy the dip and before you know the price starts dipping more and more. Just like Dailsycript's opinion of Jay~. A good and more secured way for beginners to go through these hard decisions is to DCA. Whether they are buying at regular prizes or buying the dip, DCA method can be approached in both ways.