The main key on here is that you should really be that investing on the amount on which you can afford to lose on which this has been always the main principle on the moment that you will be making an investment on which proper planning and risks management.
when you're talking about proper planning and risk management, it's not to suggest that you're investing with an amount you're able to loose but deals with being calculative enough to make provision for a portion that's going to allow you continue holding your asset without getting tempted to sell half way. The phrase
what you can afford to loose is a gambling phrase that is mostly used to tell gamblers not to go too extreme with the amount they use in gambling. For Bitcoin, for as much as we know, we've not seen it as an asset that can ever go to zero as much as we have seen it grow and so it's somehow improper to use such phrase in this kind of scenario.
DCA is something that will really be recommended but since not all would really be having that deep pockets and this is why they would really be waiting up for the right timing. Lucky if you do able to scoop out
on the bottom but there are ones who would really be missing out such opportunity just because of that too much waiting. It would really be that situation if we do speak
about those opportunities that come and go. On the moment that you do see those chances on buying or selling then better grab it while you can.
if you are able to buy when it's at the DIP, it's certainly a good thing and will certainly help you alot in building a good portfolio at a fast pace but overly depending on DIPs as the best moment to buy might make you wait too long before ever buying at all. If we looked at the past one month and let's say we are doing a weekly DCA of $100 per week, what's the best DIP price you would most likely want to buy during each week? You will notice that it's been all around $60k to $70k and regardless of the price you buy an $100 worth of bitcon within that range of price, it wouldn't even make much difference if you bought at $60k or $70k.
even though surely it likely feels better to have your bitcoin investment to be in profits rather than not.. .. but there also needs to be some consideration that being in profits should not be something that is presumed as if if were guaranteed (by the way @Marvelockg, I am not presuming that you are engaging in any presumptions that bitcoin is guaranteed).
yeah, I know that while it's at the core of every bitcoins holders mind to be in profit, we can't factor out certain momentary downtime that may occure or presume that profit are 💯 guaranteed. Realistically, Bitcoin hasn't stayed that long, at least from the moment it really gota reasonable value to become too certain of it's worth in the next 20 to 50 years time but based on past record and it current level of adoption and prospect, it's the bases for speculating to be in profit if one continues HODLing his Bitcoin.