Quote from: Taskford on Today at 09:29:18 AM

Quote from: Mayor of ogba on Today at 09:11:28 AM

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

Quote from: Ruttoshi on June 24, 2024, 04:31:44 AM

It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 64k, and you are saying that the price will still dip. New investors into bitcoin should not wait to the dip.

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.

Stop saying things that are not true about bitcoin before you mislead newbies or new investors into believing we can only get huge profits when we buy the dip. Buying the dip alone doesn't guarantee any investor will get huge profits from his bitcoin investment. Before you can get huge profits from your bitcoin investment, you need to hold your bitcoin for a long time to gain more X in your investment, which will give rise to huge profits when you decide to sell your bitcoin investment. Buying the dip is good because you will accumulate more bitcoin at a low price and also increase your bitcoin holding. But investors who don't have enough money left to buy the dip shouldn't be carried away by it; they should continue accumulating bitcoin with the DCA strategy because it will allow them to accumulate bitcoin both in the bullish and bearish markets.

That's the problem with those people thinkin about the dip is the only way for them to earn huge money for bitcoin and the way I look at that statement is he is just looking forward for short term on bitcoin that's why he only think about buying at dips. But the question with that is when does this dips will came? Nobody know on when this events will happen since market is unpredictable so for sure that people waiting for the dip will struggle to find that situation and if that scene will came then they might got afraid for thinking that more dump will about to came.

Buying at dip or anytime you want is good since people should always look at bitcoin for long term basis. Since if they aim for short term big gains then I think there's less chance for them to get what they want. But provably they might encounter a decline especially market is so volatile.

Buying the dip is advantageous, as you have said before it doesn't guarantee profit same way investors hodling for long or short term profit isn't guaranteed, so we should all embrace the uncertainty thus if anyone want big returns is relative to the invested amount.

Have said this before and I would still repeat, that the invested amount is what determines or have the edge of return to be expected, even if you buy the Dip without you knowing or vice versa with $30 DCAing approach you can't compare that to another who merely invest $500 with same DCAing amount... The difference is clear.

It should be clear that waiting is useless approach, simply work along with the strategy suitable and get your mind off DIP prices.

The problem is that some of us don't really know or understand what "Dip price means" if we do, then we understand every price is a dip price.