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.
The dip is only for people who are prepared for it and not for those who don't bother about it because it comes like a thief in the night when no one is expecting it. It might be that before you will take your paycheck this week, you might not see this current price and that is why a new investor does not need to bother about the dip because it will come and go when you don't expect it.
People who are planning for the dip are those bitcoin investors who have kept their reserve funds for the dip and those investors who are on their regular DCA buying every week or monthly because they are in their early stage in bitcoin and will surely buy bitcoin at different market price.
You are right and that has now made it paramount to know by all investors that the dip will not always come when you expect it, you don’t have to be waiting for it because it may or may never come your way or when you’re ready for it. Those that always take advantage of the dip are those that have enough money reserved for it before it even comes. The DCA method is a good way to accumulate a lot of bitcoin in your savings but if you’re able to also buy the dip when it is at its peak, you’ll gather enough that someone that does DCA wouldn’t have.
The DCA strategy is always proposed for those that have a lot of time to to accumulate bitcoin and don’t have the funds all at once to put in them, it is also encouraged to not buy all at once and do DCA in order to accumulate and get the average buy of bitcoin at a very much lower price. The times of the downtrend in the market is always the longest time and if you’ve been taking advantage of it through the DCA method, you would have had enough now and a much lower average price for a buy of bitcoin and the dip won’t scare you off.
DCA does not give you lower prices, and also holding back money waiting for the dip does not guarantee that you will end up geting more BTC or even getting the BTC that you get at lower prices. In the whole scheme of things, those waiting for dips may well end up being disadvantaged by employing that tactic, unless they are merely using a buying the dip tactic to supplement an already existing DCA strategy while realizing that their buy the dips may or may not end up getting executed and the buying the dips might not even make enough of a difference to make it worth it to employ buy the dip strategies.
Once a person has accumulated a lot of bitcoin and becomes a bit indifferent about whether he has enough or not, such person might have more luxury to wait to buy on dips since he already has a decently good sized stash of bitcoin in light of his overall financial circumstances.
Yeah you are right, those waiting for the dip what if there's no dip for some months or years, so you will keep on waiting, people waiting for the dip end up not Accumulating something meaningful, using the DCA strategy is the best, now me that is using the DCA strategy to accumulate during the dip i increase my accumulation percentage of After using my savings to purchase and you can see if those using the DCA strategy still takes advantage of the dip to accumulate more so why waiting till there's a dip before you start your accumulation journey.
People that wait for a dip to happen before they can accumulate are just Bitcoin traders who end up losing at so point because of Panic and fear.
And yeah I think that's okay if you have accumulated enough and you just decide to hold and always accumulate when there's a dip in other to add more, but those who has not gotten to any level in there Bitcoin accumulation should not think about waiting for the dip because it will turn out a waste of time, if you have the available resources you can start accumulating, if you check the drop in Bitcoin price is very small so why wait.
Waiting for DIP might not be a very good strategy especially for those still the accumulating stages of bitcoin because the dip will occur and might not suit your desired level. DCA strategy have proven to very effective regardless of the market conditions with DCA you are always in the market building a bitcoin portfolio steadily and it's better to be in the market than timing the market. Example a DCA is like a farmer who waters his crop daily for effective growth while buying the dip can be said to be a farmer waiting for rain which might rain or might not. The sole aim of bitcoin investment (Buying and HODLing) is to accumulate good stash of Bitcoin of which buying consistently can grow our accumulation over time which DCA provides. Investor can DCA consistently on weekly or monthly basis and also buy during DIPs if funds is available or prepared for.