Quote from: Fara Chan on Today at 02:08:49 PM

Quote from: cxtreenal on June 24, 2024, 04:49:52 AM

This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish.

Buying when prices are falling is indeed a very appropriate and good option, but not everyone can have that desire even though in general it is a good thing to do. But you have to know that when a decline is occurring, everyone's mentality and courage are also tested by themselves because most people are still afraid to buy when prices are declining. In fact, they also often forget about bullish things that can turn prices back up within a certain time, because people who still have thoughts like that usually also forget about falling prices when they start to see prices rising.

So apart from everyone having to have cash capital to be able to buy when prices are falling, everyone also has to have a lot of mentality and courage to want to do it without having any doubts about trying to buy Bitcoin. You can trace what I said around you if there are people in your area who like Bitcoin and have bought Bitcoin before to see how they feel when the price of Bitcoin goes down. Because I have come across several people who are afraid to buy again when the price of Bitcoin is going down even though they were confident and had bought Bitcoin in the past.

The appropriate time in investing or buying Bitcoin is doing it right away without considering market dips or buying during dip. Investing right away through the Dollar-Cost Averaging (DCA) where you regularly invest a fixed amount regardless of its price downtrend or uptrend, the strategy is a solid approach when it comes to Bitcoin. It's all about consistency and staying in the game for the long-term. Taking advantage of buying during a dip, if planned for, can indeed be a smart move when the opportunity arises. Starting your investment journey right away and staying committed for the long term is key, especially when it comes to Bitcoin there is time to hesitate It's about getting in the game and staying focused on your investment goals without waiting for the appropriate moment.