Quote from: Salahmu on Today at 05:56:03 PM

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Quote from: SmartCharpa on August 14, 2024, 10:52:11 PM

Quote from: Jewan420 on August 14, 2024, 05:36:46 PM

I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down.

You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.

By definition a beginner does not have any bitcoin, so by definition, a beginner is not prepared for up if the BTC price goes up. Therefore, a beginner has to buy bitcoin right away in order to prepare for up. There seems to be little practicality for a beginner to say that he wants to get into bitcoin, and does not get in since he is only preparing for down, and the BTC price may or may not end up going down.

How much BTC a beginner buys in the beginning is another question - which likely relates to the totality of his 9 factors that he would be advantaged in taking into account.

Sure that is just the accurate definition because as a beginner is assumed that they have not gotten any Bitcoin on there portfolio and they would be discouraged if the Bitcoin price has gone up because they would be thinking about their chances of getting or accumulating a good amount since the price must have gone up, so in that case starting there Bitcoin accumulation now will be better for them since the market is already consider a price dip now because if a newbie still decides to wait for more dip I wonder how long is going to take them before they could start, so actually you are very correct because as they said action speaks volume and in terms investment the first step is the most important stage to consider because the moment a beginner makes the move to start accumulating that's the moment they will start blending in.

I am not saying anything about the market condition right now affecting purchase decisions for a newbie no coiner, whether the current BTC price is in dip or not.

I am saying that no matter what a beginner or a no coiner is not prepared for up if he does not have any coins.

I am saying that the ONLY way to prepare for UP is to buy some bitcoin.

Of course, as a beginner, you can choose how much bitcoin that you want to buy and whether you even want to prepare for up, but you are not going to be prepared for up until you buy.

No matter what the BTC price, there is always a chance that the BTC price might go up and not go down, and so if you are a beginner and you choose to not buy any bitcoin, then you are choosing to bet that the BTC price is not going to go up. I doubt beginners (or anyone else for that matter) is really prepared to say that they know 100% that the BTC price is going to go down before it goes up.

In the end, do what you like beginner, newbie no coiner (or is it precoiner?), yet as a beginner no coiner, it is your choice to stay on zero and ONLY bet on the BTC price going down.

I suggest that no matter what everyone who is in BTC should attempt to prepare themselves for either BTC price direction. So in that sense, the beginner should always buy some BTC in order to have some preparation for up.

At the same time, I am not saying that the beginner uses his whole budget to buy BTC and ONLY prepare for up, everyone, including beginner no coiners, are responsible for their own choices regarding whether to buy bitcoin and how much to prepare for up versus preparing for down, and if they buy bitcoin how much bitcoin to buy and the various ways to begin their BTC accumulation journey, including their use of DCA, lump sum buying and/or buying on dips - including how much they prepare themselves for UP versus DOWN based on the totality of their own financial and psychological factors.