Timing the market with those DIP can be a real challenge, the stress of watching and waiting for perfect entry point can definitely keep investors in their toes because the uncertainty of whether the price will continue to drop or bounce back. DIPs are like those sudden drops in price, Waiting to invest during DIP depends on how much the investor is ready to lump-sum. It's all about what you are comfortable with and how much you are willing to put in. If you're aiming for a big dip way below the current price, it might not always hit that mark or drop to your desired level. But if you're cool with a smaller dip and have the cash ready to put in, then that could work just fine for you.
DCA is more Conservative approach involving regular investment regardless of market performance, DCA is like playing it safe with those regular investments, no matter what the market's up to. It's all about that steady approach to even out the bumps along the way. the beauty of DCA no need to stress about timing the market or constantly watching for that perfect moment to jump in. It takes the pressure off and lets you focus on steadily building your investment over time without all the market watching.
Combination of the both strategies can be a great approach using DCA as the foundation and occasionally buying the dip with a portion of your funds. It's like having that steady, consistent approach with DCA while also seizing those opportunities when prices take a tumble.
DCA itself give the advantage of buying the DIP so it's more than a single strategy you don't need to worry about catching the dips as that is already covered in your regular intervals investment plans, it just that sometimes a dip might come short and we have a new pump , it's unlikely to determine those short DIPs so if an investor has a disposable fund to get it then he/she can do it without affecting his/her DCA plan within that period...
All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.
Yeah I will, and I'm happy that I started than waiting to know everything about Bitcoin before starting. Ever since I started investing I have known a lot of things and I know with time I will know more.
Glad you did... Remember learning never stops even when you think you know , there's will always be a need to learn more and refresh your knowledge by staying upto date, for example in technicals new stuffs are been added maybe to compliment or replace , sometimes serves as alternate to existings.. like in the case of address type [there're more alternates now to the previous] so using someone who knows how address works 10 years ago... coming to present , such person needs to refresh his knowledge to stay current with latest update [ in this case we can clearly affirm that Learning of bitcoin never stop] so keep learning.