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Quote from: Zackz5000 on August 24, 2024, 05:45:36 AM

We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

Maybe you misunderstood it because you only focus on one point. I have given an understanding in that post that DCA is the best so in that case we invest with the DCA pattern and also in conjunction with buying on dips.

I don't think we have to argue about which method is the best because what might be the best for you may not be suitable for the other base on their personality or schedule. Therefore, the existence of various methods of bitcoin accumulation is to create some varieties to so that individuals can chose which is best for them. Inasmuch as we know that the DCA method is a great method, there are people that cannot just use that method for example, people who are involved in regular traveling due to their work or business schedule, instead of using the DCA method, they will go with lump sum buy. This does not mean they are doing it correctly, it simply means they are constrained by their work or business.

Provided the intention is to invest and HODL, then whichever method that is adopted is fine. However, for people who have the time and patience to wait their DCA schedule and for the dip to occur, a combination of both methods can be a great arsenal at their disposal.

Yeah you are right, however sometimes what makes you comfortable or what suits you may not be good for you and that is why we are all gathered here and talking about Bitcoin, you may be using a strategy that you are so comfortable with but at the long run you are not doing better in your accumulation so when you see a new idea on how to do better in your accumulation journey you go with it and you must not be comfortable with it.
If you allow everyone to do what they are very much comfortable with that means a lot of offices will be locked, Bitcoin journey will take you a long time especially those who are holding for a long term so you need to engage in a strategy that will yield good result and not the one that will give you sweet rest with bad result.
I'm not saying we should not use a strategy that will suit us or we will be comfortable with, I'm saying if you see that the suitable strategy is not yielding good result dump it and go for the next.

For a brand new investor that wants to start his bitcoin journey and hodli for long, DCA is the best for him because it is a consistent buying approach which you buy every week with part of your discretionary income to enable you keep building and growing your bitcoin portfolio without stopping because you are piling it up. The newbie will regret it only if he is not consistent with it, also if the new investor gets extra cash that he never planned for like bonus from work or cash as birthday gift, he can lump sum immediately to help increase his bitcoin portfolio.

There are stages in your bitcoin accumulation journey that you need to tweak from one strategy to the other and no just depending only on one strategy. For instance, investors that have accumulated a good size of bitcoin but have not reached their bitcoin target can wait for the dip to buy bitcoin at discount so that he will add a significant amount of bitcoin to his portfolio and might not DCA anymore.