Quote from: Issa56 on August 09, 2024, 07:38:03 PM

Quote from: SuperBitMan on August 09, 2024, 12:35:03 PM

Those that wait for a dip to happen first before they can invest really don't understand how Bitcoin works and maybe didn't get a good education about Bitcoin and how the investment works, why wait for a dip that may never happen, I know of someone that always wait for a dip to happen first before he buys Bitcoin right now as I'm speaking to you he has not gotten anywhere in his Bitcoin accumulation.

Whenever I see people saying they are waiting for a dip before they invest, then I do think those people don’t really have the mindset to invest in bitcoin, they just say it, and no matter how bitcoin dumps, some of them won’t still be investing in bitcoin, they will always keep on waiting for more crashes before they invest. If you really want to invest in bitcoin, the best strategy is DCA. You don’t have to wait till the bitcoin price dumps before you invest, but when there is a crash in the market and you have more money with you, you can just make use of the opportunity to accumulate more.

The people that are the real bitcoiners are very few, the rest are just procrastinators basically because they feel the price of Bitcoin is too high for them to buy that is why they keep waiting for a DIP and end up not buying at last. If someone is seeing Bitcoin price as too high for them to buy now then what will happen when the price eventually reaches $100k, does it mean there won't be people that will still buy Bitcoin then? So far as Bitcoin continues to gain popularity that is how there will be every possibility of the price to skyrocket because if more people invest in Bitcoin and HODL it will have more value than every other assets and that is how it will also influence it's price so anyone who is really determined to invest in Bitcoin don't need to wait for a DIP before they make entry, they can just buy at any price so far as they have a source of income to always DCA and are able to HODL for a long time, at some point they can still have the opportunity of buying at a DIP price while using the DCA.

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The bitcoin price is not so high that you will have to wait for a crash before you invest. Don’t be surprised that when you expect a crash in the market, that’s when the market will start pumping.

I have experienced this situation in the past and I learnt my lessons because I was basically i felt the price was too high and I was waiting for the price to DIP but before I knew it the price started pumping continuously and I wasn't able to buy again so what I do now is to buy Bitcoin with any disposable income I have got.