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. Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? 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.
Fuck the basic knowledge of trading, it is not needed for people who are into long term hold, and that's what this thread represent. What is the essence of acquiring a knowledge that you won't be making use of. There are many threads in this forum where such things are being discussed, if you in interested in trading or giving advice to people who cares about it, you should go to such threads. I also want to make it clear to you that there is no method of bitcoin accumulation strategy that's not profitable on the long term hold, that's why investors are encouraged to hold bitcoin for a long term.
Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone?
Your trading mentality is what you are using to make your judgement here and it is drawing you backward. How about you look at it in a long term perspective, which is what this thread represent. When the market correct itself does it remain there forever? The market always goes back up. Bitcoin investment involves patience. Hope you remembered the last ATH that was set before which was around $69k, people bought it back then and held patiently till we saw the new ATH which was recorded earlier this year and they made profit. You never lose in bitcoin investment unless you decided to panic sell when there is a market correction.
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.
You are ignorant about many things, how can you say this? I can't believe you have been following this thread for long and you are sounding like someone who just started posting here newly. Many times this issue has been discussed here that DCA is suitable for every investors, be it new or old investors, rich and poor investors inclusive.