Quote from: Zackz5000 on Today at 09:24:40 PM

Quote from: MusaPk on Today at 10:26:07 AM

Quote from: JayJuanGee on July 25, 2024, 07:05:21 AM

To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.

Waiting for the dip before accumulating Bitcoin will really delay or slow down your Bitcoin accumulation journey it simply means that if the price of Bitcoin doesn't dip you won't be able to accumulate Bitcoin which is a wrong approach in term of accumulating Bitcoin because you won't have enough Bitcoin stack but with the continue use of the your DCA strategy you can accumulate more Bitcoin regardless of the price level either weekly or monthly and hodl for long with your discretionary income available rather than waiting for the dip in price before accumulating Bitcoin.

Waiting for the dip is like you are going on a journey by bus to a bitcoin city which you don't know when you will get there, and some people are already half way of their journey to Bitcoin city and you are left with three buses. Bus A, B, and C. You are on the bustop and Bus A is the dip, you were there at the bus stop when Bus A came to pick passengers to that are going to the same state that you are going to, instead of you entering, you say that the price is too expensive and it got filled up and left. Immediately Bus B came which the price is just few dollars higher than Bus A, but you refuse to enter and decided to still be waiting for Bus A that is on his way to Bitcoin city which you don't know when it will get to there and come back to pick you up.

Bus C came and you are still less concerned about going because the price is still not the same with Bus A. Before you know it, you will sleep at the bus stop for many days which you don't even know if Bus A will come back or not. And those people that entered Bus A, B and C have covered some part of their journey to bitcoin city, and you are still there waiting until you will get tired and use your transport for something else because you need to eat while you are waiting. All the people at the bustop with you who are also going to bitcoin city joined the three buses but you choose not to join them because you wanted a cheaper bus fare, you might end up not reaching bitcoin city in your life because you took those buses opportunities for granted.

Getting started with your bitcoin investment as a new investor is what will make you have a good bitcoin size than when you are on strictly DCA with commitment for long than who is waiting for the dip because he might end up being a low coiner when he is no longer able to accumulate more bitcoin due to old age.