Quote from: Nheer on Today at 12:08:37 PM

Quote from: sotelorene on September 04, 2024, 08:01:53 PM

I think you are having a wrong interpretation about this reserved funds because it's not only when there's Dip one will use it to accumulate more Bitcoin NO it can also be use for other obligations outside Bitcoin investment. Secondly, it's not just about having a reserved funds but rather how well can you be able to make good use of it. and investing aggressively is putting oneself into a mess because once you got carried away by a Dip, you are spoiling your investment unknowingly.

Investing in bitcoin doesn’t mean you won't set aside money for other purposes outside bitcoin investment, being focused on investing is the goal and since it’s a long term investment there is always room to keep accumulating either by waiting for dips or DCAing, doing this doesn’t mean you can’t live a normal life and take care of yourself.

Reserved funds are different from investment funds and they are mainly used to cover unexpected expenses and unforeseen costs at emergency times so we don’t have to refer back to our investment and take money from there. Reserved funds are as important to help maintain our investment plan and I think they should be separated from investment funds that way it will be easy to manage them both.

Quote from: Stable090 on September 05, 2024, 09:00:13 PM

Seriously, if someone wants to be successful in whatever they are doing, they really need knowledge because knowledge is the key factor for anything they want to do, whether it is business or investment. So, it will be better for anyone to seek for knowledge before investing in Bitcoin, so they will know the right direction to follow. Some people lose their Bitcoin investments to scammers, not because of anything else, but just because they don't have the knowledge. Therefore, it is very important that we try to gain this knowledge before investing in Bitcoin.At the very least, we should try to have the basic knowledge before starting to invest in Bitcoin, and from there, we can begin asking for more knowledge to provide strong security for our investment.

I think we should be talking about buying the dip, hodling and how to improve our investment and not try to deviate from the main title, Although it’s good for beginners to know that knowledge is key to successful investment. I believe most people here are aware of that already and we should rather share information about how to manage our funds and keep investing in more dips or any investment strategy you adopt. Any bitcoin investment that is not well planned and has no aim will is likely to fail at some point or the investor may be forced to quit due to market volatility that’s why every investment should be well planned.

I don't know why you prefer to buy at the dip when you know that buying at the dip is not the best strategy for a new investor who has just started his bitcoin journey or who is yet to start because it will make them become low coiners after a very long time since nobody knows if the dip may come or not. It is better that a new investor who has figured out how much he wants to use to invest in bitcoin from his discretionary income starts right away with DCA method so that he can keep buying regularly weekly or monthly consistently and persistently for 4-10 years and above, instead of waiting for the dip.

Buying at the dip is always by luck and for those investors that their bitcoin portfolio has reached a certain level amd have prepared for the dip. A new investor whose DCA is ongoing will also benefit from the dip when it comes because he will also buy at the dip price. Waiting for the dip is not a healthy practice and is not ideal for beginners because they will lose many opportunities in the market to increase their bitcoin portfolio fast.