As a new investor, you are not only to keep on buying bitcoin regularly only at the dip because you are still new to bitcoin and you only have very little bitcoin. A new investor should be on accumulating bitcoin using DCA regularly without stoping whether in the dip or not for 4-10
I know if I could still recall, I didn’t emphasise on buying bitcoin at the dip only, I just said it is the best time, which means you can still buy bitcoin at anytime to accumulate as much as you can afford using the DCA strategy, so all this you are saying, I will just take it as more clarification to those that find it hard to digest the English I wrote, not correction to me, because all what is said is the same thing I also said but in different English. So I appreciate your effort in clarifying it to others. The best thing to know is that both of us are explaining the advantages of accumulating bitcoin and holding it for a long time.
Holding Bitcoin in the DCA method is the only way to hold Bitcoin for the long term. Because the DCA method is a cost-effective way to buy bitcoins in all aspects, you will notice the highs and lows of bitcoins if you are investing in bitcoins regularly weekly or monthly then surely the level of buying bitcoins here will decrease in the average price.
That is why it is very important for investors to follow the DCA method of Bitcoin investment, because once you start investing in the DCA method, it will attract you to invest again and again. Because Bitcoin can only be successful if you hold it for a long time.
DCA method is a standard method of deposit where you can deposit a portion of Bitcoins from disposable income on a weekly or monthly basis. Your consistent buying or depositing periodically may reduce the UP but you need to continue DCA for long term and at different price combinations. If the price of Bitcoin continues to increase and does not reach the current price in the future, its UP will gradually increase and finally the average price in your portfolio will be much lower than the future upside price, so this method is very useful for an investor who has discretionary money. .
Depositing Bitcoin with DCA method seems easy at first, but you must set aside discretionary money for it, like the difference between income and expenses every month, from which you need to set aside for emergency fund. If you want to know more details about Bitcoin investment, you can practice from
9 principle individual factors.
Every investor tries to perfect his investment and to do so he should be aware of these individual factors so that he does not face any problems in his long term bitcoin investment journey. Yes if you have a small amount of discretionary money you can deposit any amount of bitcoins and tend to run at least 2-3 cycles or more. Your main objective should be to have a decent bitcoin holding.