Well I can not wait for getting my next salary check this week. After I pay off some of my expenses and spend some money on a birthday gift for my dear friend, I know am going to add more sats to my portfolio.
We can see this correction in price for a bad thing or for a good thing. If you are 'bullish' like I am well then you can take advantage of these cheap coins like I am going to do. We must make the best out of this bad position and just HODL.
I think when there is a Dip or decline in bitcoin price that supposed to be when an investor should be buying more Bitcoin. it's very crucial in bitcoin investment in taking advantage of market downturns to increase and strengthen our holdings. It's very necessary reserving funds for market dips it can be a very nice move. By using reserved funds when prices are low investors can take advantage of buying more Bitcoin and potentially increase their holdings at low prices. And if need be, can be aggressive with their accumulation by increasing their amount of DCA or can can switch their DCA from monthly to weekly to accumulate more Bitcoin at lower price rate. The moments people think market is at a bad position, that is best moment to increase our holding meaning we shouldn't see price correction as setbacks but rather as an opportunity.Taking advantage of moment like this can bring significant gains so long as your perspective is for long-term.
I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.
A new investor cannot use price dip to become a whale over night because it is impossible as a new investor or old investor to know when the dip will come. Moreover, it is the cash with you at that time of dip that will determine how much bitcoin you will acquire, and I don't think that a new investor will be able to risk too much cash to accumulate bitcoin at the dip because he is not yet familiar with the market.
DCA strategy is the best for new investors because from the way you sounded about buying aggressively during the dip, it means that you want to be keeping more of cash for the dip than using more cash for DCA. It is good that you invest aggressively with DCA method to buy bitcoin than you plan to buy bitcoin aggressively during the dip because you might lose focus and overdo it if the price continues to dip the more and before you know it, you might run out of funds and fall back to sell your bitcoin to meet up your needs.
Slow and steady wins the race which is DCA method and very effective for new investors who buys every week or month continuously for 4-10 years and above with discipline and patience as they hodli for long term. Buying at the dip is good but it can make you sell part of your bitcoin when you rush the dip buying.