Quote from: erep on June 30, 2024, 09:39:43 PM

Quote from: DaNNy001 on June 30, 2024, 08:55:08 PM

Every Bitcoin enthusiast who is actually not experience will feel the need to panic especially when they invested when the price was up and only for them to see the price dipping but for a veteran investor the Dip is actually treated as a blessing because it's not everytime you get to see the price of Bitcoin actually low so seeing it dip will warrant you to get or buy the dip at high value.

That's right, every new investor certainly doesn't know this because they only want profits after they buy an asset, but veteran investors certainly target increasing investment at lower prices, they adopt DCA investment which allows them to invest regularly at that price level. lower to increase the number of assets in the portfolio. However, new investors are certainly not ready to accept risks and are advised to follow the correct investment method. So DCA investment is most relied on to minimize losses if market predictions are wrong or bearish, but actually as long as you hold BTC there will be no loss unless you convert it to USD at a price lower than the previous purchase price.

Probably the biggest problem for new investors is that they expect to invest at the perfect time so they are never down any money, but this is not very realistic, as this would imply they bought at the very bottom, and no one really knows where that level may be.

So unless and investor is willing to hold their position for years even when losing money, then they should rethink their strategy and wonder if they really want to become investors, since it is clear their expectations will never become a reality.