Quote from: SOKO-DEKE on August 30, 2024, 05:58:09 PM

Quote from: Rockstarguy on August 29, 2024, 10:42:47 AM

Quote from: Stablexcoin on August 29, 2024, 01:32:19 AM

Quote from: ginsan on August 28, 2024, 08:44:58 PM

I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.

There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

A lot of people who are into bitcoin investment are willing to buy bitcoin in every because every dip is an opportunity to accumulate bitcoin but because of many responsibilities they may not be able to meet up of taking advantage over the dip.

Missing the dip because of too much loads just to survive is not a problem as far as one doesn't always wait for the dip to take place to buy bitcoin but also use the DCA method to buy bitcoin whenever money is available to buy bitcoin. As far as one understands that their is no perfect time to buy bitcoin, even if the person is not able to buy bitcoin during the dip because of financial challenge I don't think the person is really missing out because there is always a chance to buy bitcoin whenever one can afford it.

Yes, almost everyone wants to get Bitcoin at a dip, but the question is: do we know when the dip will happen again? The answer is no, because nobody can accurately predict Bitcoin's price. So, why should anyone who really wants to invest in Bitcoin wait for a dip that they don’t know when it’s going to happen? Some people have been waiting for Bitcoin to dip again so they can accumulate more, but I think this approach is wrong. Someone could be waiting for something they have no assurance of. Instead of waiting for a dip that is uncertain, why not adopt the DCA (Dollar Cost Averaging) strategy? This approach allows you to buy Bitcoin at different prices as you invest regularly, whether weekly or monthly.This method has enabled many people to accumulate Bitcoin, and as they continue to do so, they also see the advantage of it. By buying at different prices, whether during a dip or at a higher price, their wallet value hardly decreases anyhow.

Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip, the investor should divide his investment money into two parts and keep one part to accumulate bitcoin anytime there's a dip and use the second part to continuously accumulate bitcoin with the DCA strategy, which will help the investor to be consistent in accumulating bitcoin, and he will also be opportune to buy the bitcoin dip anything it happens.

Quote from: knowngunman on September 02, 2024, 10:39:11 AM

Leave reserve funds for people who are financially buoyant.

You are wrong, and your statement will mislead newbies or new investors who want to start investing their money in bitcoin to mess up their bitcoin accumulation journey. As long as bitcoin investment is concerned, no matter how shitty your income source could be, you should always keep emergency funds, reserve funds, and floats, which would allow you to accumulate bitcoin without depending on your bitcoin investment to solve your unforeseen problems.