Quote from: SOKO-DEKE on Today at 06:36:31 PM

Quote from: Reincarnated Sat on Today at 03:40:31 PM

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.

Many people who seek to buy Bitcoin at a dip are typically short-term investors. They constantly look for opportunities to purchase Bitcoin at a lower price and sell when its price rises slightly. This strategy is their primary method for making a profit. However, the reality is that these individuals often struggle in the market because the price of Bitcoin may not drop as they expect. Even when they manage to buy Bitcoin at what they believe to be a low price, the price might not increase as they hope. As a result, it can take a significant amount of time for their plan to work out, and even then, the profits may not be substantial.

For those who are prepared to hold their Bitcoin investment over a long-term period, it is highly advisable not to wait for a price dip. The Bitcoin market is notoriously difficult to predict, and someone might keep waiting for a price drop that never occurs. Instead of waiting for the perfect dip, a better strategy for accumulating Bitcoin is to buy whenever you have available funds. Another effective method is to use the Dollar Cost Averaging (DCA) strategy, where you invest a fixed amount of money into Bitcoin on a regular schedule, such as monthly or weekly. This approach helps mitigate the risks associated with trying to time the market and allows for consistent accumulation over time.

Which is not actually advisable to do if they are going to invest on bitcoin since instead of finding opportunities on bitcoin by doing short term they might encounter a stressful situation in it. We can make this current fall of bitcoin where it dumps at $57k for sure that situation will give a massive scare for those people who do short term.

If those investors will just think about long term and put in their minds that short term will never be their option for sure that they will never get bothered for any dumps and they provably just shove off those negative sentiments of people then continue those usual things what they do since they have already a target set on their minds. Also instead of waiting for perfect dip which I think doesn't exist maybe they should continue to execute their DCA strat since for sure they can get more better from it rather than trying their luck to earn on questionable conditions.