Quote from: Glen Hoddle on Today at 08:53:55 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.

If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive.
Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later.

You don’t have to divide your funds when it comes to accumulating using different strategies, from my opinion you just have to buy and plan your accumulation process. The planning simply means your monthly or weekly plan whereby you don’t have to wait ahead of time before you start using any amount to buy, talking about emergency funds I believe this is compulsory as it’s right for every investor to build an emergency fund while accumulating bitcoin.