Quote from: avp2306 on Today at 08:52:56 AM

Quote from: ginsan on July 06, 2024, 08:41:42 PM

Quote from: Odohu on July 06, 2024, 10:50:12 AM

First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.

If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.

When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.

I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.

We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.

Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.

To get most of the benefits of sticking with DCA, buying dips is a relative boost that happens with regular bitcoin deposits. You can call this the beauty of dumping which may not happen again and again. There may be times ahead when you will not get the dips price as you got now. Your investment cannot be just for daily profit. You have to hold longer and run several rounds to get the reaction of gradually accumulating bitcoins. A few days of dumping trends can take the opportunity for small depositors to accumulate more bitcoins, giving them the opportunity to build more stacks. You should keep in mind that the market conditions will not always be in your favor and you should keep more holdings. Even though the price of Bitcoin is volatile, you should keep yourself steady in holding which will allow you to get high profits and be a successful Bitcoin holder in the future.