Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.
and because of that, someone who invests in bitcoin needs to have a stable income and also savings that they can use when they need money for emergencies. because when someone does not have savings and they need money, then what they will do is think about selling the investment they have made, even though the condition at that time could be that their investment is in a state of loss, and that is a big mistake.
investors from the start must think about how they can divide between their investments and savings, so that when they need money for emergencies, then the savings can be used for that, not selling the investment they have made which can cause losses.
That's what actually happened with many older plebs, because their life-conditions prompted them to sell their Bitcoin on times when they need money.
I wouldn't even blame the older plebs/early investors for behaving that way, then knowledge wasn't this much.
They didn't have access to the kind of information and materials we have now. It was more like a gamble to them back then. Lots of them were in doubt about the ability of bitcoin to actually rise above certain amount, that's why when they ran into financial difficulties and emergencies, their first thoughts were to sell bitcoin, because what you placed less value in is what you will think of to sell. Of all your belongings, why didn't they think of selling other things. It clearly shows the value level.
Perhaps before 2012 or 2013, that's probably the situation for most non-technical plebs like me. But in my personal opinion, there can't be the same excuse for the same plebs during 2018 or 2019. The Great Surge of 2017 should be the biggest indicator that there is something special behind Bitcoin. Human greed will attract the plebs, but deeper understanding on how the network works will make them stay and HODL.
Furthermore, I'm confident that buyers of the DIP, and DCA buyers are very happy today, no?Yes at the moment those that wait for the dip before accumulating Bitcoin is exited now because Bitcoin is at the dip but I don't see such method as a good one because Bitcoin is a volatile asset it simple means that they won't buy Bitcoin when the price is high which will make them not to have enough Bitcoin in their stack because they always wait for the dip before accumulating Bitcoin.
For those using the DCA strategy they are in a better advantage because the method helps them accumulate more Bitcoin in different price level either weekly or monthly and I believe that now that Bitcoin is at dip they are very much excited because they are accumulating Bitcoin at low price with the mindset of hodling for long.
You are very correct, i started this join of Bitcoin accumulation with my friend and he has been waiting for a dip to happen why I was buy accumulating using the DCA strategy, he called me this morning telling me about the dip and he will start accumulating now and I told him this his strategy will lead to him not accumulating much.
Waiting for a dip is not right what if there's no dip or it takes long for a dip to happen, the only way I will encourage dip is when you want to use the opportunity to do a lump sum apart from that waiting for a dip is not advisable.
This strategy of always waiting for the dip has made a lot of people stayed in Bitcoin investment for years without achieving a reasonable amount of Bitcoin, I know of someone that has been into Bitcoin for some years now and has not accumulated a reasonable amount because of always waiting for a dip and sometimes when the dip happens he has already used the money to solve an emergency issue that happened, that is why the DCA strategy is the best especially for a newbie and someone that don't have huge amount of money stocked.