The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
It is important to buy the dip if you want to be profitable.
As far as bitcoin investment is concerned, your comment is problematic and misleading. It will influence newbies or new investors in bitcoin to time the market before they can buy bitcoin because they believe that is the only way one can be successful in bitcoin investment. Bitcoin was developed to give profit in the long run, so even though you buy the top of bitcoin and hold it for a long time it will still be profitable. For instance, those investors who bought bitcoin at $69k in the last bull run witnessed how bitcoin set another ATH this year.
Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH.
Since everyone in this thread is accumulating bitcoin for long-term profit, I think it will be necessary if he ignores the basics of trading because it will not help him hold his bitcoin for a long time.
DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.
Yes, I agree that the DCA strategy is good for newbies; it allows them to start their bitcoin investment without waiting for any dip to happen, which is a good step in starting a bitcoin investment. Since traders are just concerned about making short-term profits in bitcoin, they will find it difficult to use the DCA strategy and accumulate bitcoin because it's not suitable for them to use.