Quote from: Taskford on Today at 07:53:28 AM

Quote from: uswa56 on Today at 03:54:22 AM

Quote from: JoyMarsha on June 26, 2024, 07:18:08 PM

As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.

Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner

Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time.

You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time.

It gives us an advantage to get more profits when we decide to buy when the market is experiencing a dip. But people should not always look for that scenario since if they think on when they could able to start on their bitcoin investment journey then perfect answer with that is whenever they are ready to accumulate. Nothing wrong with people looking for quick profit since its normal for certain individual to ask that but the question is can they handle the huge risk for acquiring that? If they don't want to be in risky situation then long term will be the good option for them. The only thing they do is to spend their spare money then set their investment timeline to 4-10 years then provably that they would have greater chances to earn especially if they have knowledge on how to do it and what are the best method to use to make their long term investment decisions goes successful.

People don't need a decline to accumulate they need to act as soon as they can so they could able to start their investment journey with bitcoin.

I agree with you, on the ground of how buying the dip is advantageous in profit making, but the simple trick is investor/Bitcoiners can't really tell the Dip price. In essence waiting for Dips is a waste of time because one can still be accumulating this building a solid Bitcoin portfolio and might without his one knowledge but the dip price too, if one wanna buy the Dip... It is best such investor have a separate fund already reserved for that which he can use when the time comes, and not slow down or accumulate nothing because of waiting for Dip prices.