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Quote from: GeorgeJohn on June 20, 2024, 05:06:29 PM

people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process

that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort.

actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already

This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead.

Usually determining purchasing power based on planning, you will never be able to do it if you don't plan properly. Because the better the plan, the more you can incentivize yourself to buy bitcoins. At present there are dips in the wider bitcoin market, so you should be cautious and buy dips to ensure success later on.

That sounds more like trading strategy, the logic should be buy when the money is readily available for investment, accumulate Bitcoin as much as you can and hold for as long as 4 to 10 years or more of having a compounded value of your Bitcoin investment, yeah buying the dip give the opportunity of buying more Bitcoin with the amount of money compared with buying from its previous high, one can buy even at the peak price if the intention is to hold for long term and it doesn't make much of the difference with those buying at the dip. Buying at dip doesn't give any a guarantee of ensuring success because the market can as well dip further after buying hence purchase can be made with the DCA strategy irrespective of the price point either weekly or monthly which will make you to take advantage of various market conditions.

Buying dips in line with time is an added advantage for investors to maximize profits Although Bitcoin can be a volatile and bearish price but it is short-lived which can be easily predicted by looking at the price history of the past few months. So in addition to managing DCA if you have enough cash, you can buy more bitcoins during dips or bearish periods which can increase your holding size in short time intervals. The amount of bitcoin deposits you make each month depends on how quickly you can own more stacks. Your bitcoin deposits tend to cycle and accumulate more to reach a point.