Quote from: Chiomaobi on Today at 08:57:18 AM

Quote from: JayJuanGee on June 13, 2024, 08:42:44 PM

Quote from: Mayor of ogba on June 13, 2024, 02:24:28 PM

Quote from: Chiomaobi on June 13, 2024, 08:22:58 AM

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I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price.

You only advantage from holding money aside to buy the dip if the BTC price actually dips. So how could you always advantage from buying the dip if the BTC price does not end up dipping?

Sure in the end, guys can do whatever they like in terms of figuring out the extent they might be advantaged by holding some money aside to buy dips or just to buy BTC regularly no matter the price.

This idea of waiting for the dip can really destroy your months or years of investment plan. Let take for example you have been saving for months or years waiting patiently for a dip to occur so you can accumulate Bitcoin and it took months or years before a dip happens and within that time of waiting with already kept funds in your Bank account you used it with the hope of replacing before the dip happens and to your greatest surprise it happened when the money is not yet replaced this will really frustrate you and I don't think you will be willing to continue.

And again waiting for a dip can make you lose interest on Bitcoin investment because it might take a long time before it happens.

The problem is what if the dip did not come, it means that you will not invest in bitcoin, and tomorrow they will be regretting that they had the opportunity to invest but they did not. Those that are waiting for the dip as new investors are not ready to invest and I see it that they are only procrastinating. The reason why I said so is that, even when the dip comes they will not and will say that the price will dip the more since it could dip to the price they are seeing. Missing out a lot of buying opportunities that they should ha e used to invest.

DCA is very effective because you will also buy incase the dips comes and that is why it is good to use it when you are in your bitcoin accumulation phase, as long as you keep up with your regular buying weekly or monthly over a long period of time, your bitcoin size will keep on increasing.

Quote from: wmaurik on Today at 12:08:26 PM

Quote from: Chiomaobi on June 13, 2024, 06:22:42 PM

I get your point and you are also right, but what I was trying to drive at was that waiting for dip before investing is a wrong approach what if the dip never happens you just waited in vain and what if it happens but didn't go that dip so we should consider all this and for those who wants to hodl for long term there's no point waiting for the dip before investing.
The best is using the DCA method and keep accumulating whether or not is in dip or is not, one should not focus only on the dip when it comes to bitcoin investment.

Investing in Bitcoin is a very unique thing and what needs to be underlined here is that it has nothing to do with market prices where someone can immediately buy Bitcoin without wasting more time waiting for the price to fall. Because as long as the investment made is to hold Bitcoin in the long term by buying without any intention of selling again in the near future, I think this can be done immediately without having to wait for something else to happen, such as the price reduction option in the market.

Then why are there many people who are still waiting for the price of Bitcoin to fall by not buying before it happens? Well, in this case you also need to understand that they are not investors who want to invest in Bitcoin, but rather traders who are taking advantage of Bitcoin price conditions to achieve short-term profits. And there is no guarantee for them to keep Bitcoin in their wallets for a long period of time because their focus is not to keep Bitcoin for the long term but only to seek immediate profits after the price experiences a correction in the market.

Not only traders that time the dip, but also investors who have reached 50% of their bitcoin portfolio and above can use buying at the dip method. In such case they time the dip and buy with a lump sum to their portfolio. This is because if they use little amount to DCA, it might not have a significant effect on their bitcoin portfolio, since they already have a good size of bitcoin, waiting will not be a waste of time for them. This is why your bitcoin size and how much bitcoin you want and the time frame is what you look at before choosing the strategy that will best work for you.