Re: Buy the DIP, and HODL!

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.

Thats a very bad way to start bitcoin investment for a beginner. Bitcoin price is so much volatility and patiently waiting for a dip as a beginner can be nearly impossible. Delay is denial, once a newbie starting waiting for the market to drop to a certain price that they had onece heard it was in the past would make them risk missing o buying now which we wouldn't know if the price in the next few minutes might go up more and never come back to this price. Anything is possible because of volatile and i respect the market because it will take you unaware.

The desire to time the market is a common pitfall, especially the newbies in Bitcoin investment. Starting with a modest amount through lump sum can be convenient and gradually increasing the portfolio through DCA is one of the best approach for many investors as a newbie taking such steps will reduce the risk of not entry the market, and miss out for gains.