I'm not investing all of my money in bitcoins I'm investing some of my income in bitcoins because I have a small business that earns money from it I'm investing some of it in bitcoins instead of keeping it in the bank. I use the money I earn from my business for my needs. I don't keep money in the bank because everyone knows that the condition of my Bangladesh is not good. Most of my country's banks are bankrupt and many banks are on the verge of bankruptcy. I have kept money at home instead of keeping money in banks when political leaders have bankrupted many banks by borrowing billions of rupees from each bank. Currently, with the change of government, the country has regained some democracy and people are slowly regaining the freedom they had lost. But if the country is normal, of course we will keep money in our bank, but for my emergency needs, I must keep my local money with me so that I can use it immediately if necessary
Well you don't actually need to invest all your money in Bitcoin before you can have enough, you can just keep the DCAing burning till you get to the point of having enough Bitcoin. Because going all in , sounded more like gambling. Because most people that didn't plan well and just go all in with their money into Bitcoin, usually sell or withdraw their Bitcoin too early , due to the fact that they went all in with their funds and inside that funds their emergency funds also inside,so they won't be able to balance things , so they will eventually take their Bitcoin as a substitute to their emergency funds.
Let's be honest
A person who's only concerned about the dip should be considered a trader
An investor doesn't just wait for the dip
They have a target and a plan in making their investment.
Pick a project(Bitcoin) you trust with a great future and accumulate rather than waiting for dip to sell the top.
Yes once the dip comes buy not because is a dip but an opportunity to get cheaper especially if you have the spare funds.
A person that chase the dip would get anxious if they buy the dip and more dips comes popping some might choose to quickly sell to buy cheaper especially when bloggers start posting what they know nothing about.
Alas after selling it might be too late.
Wishing for a dip, doesn't mean it would come
Try to DCA smartly. Especially if you a nocoiner or haven't accumulated enough.
It's certain that the market will experience a downturn at some point. While waiting for this dip, the best strategy for potential investors is to use Dollar-Cost Averaging (DCA). Don't let the fear of a market dip stop you from accumulating your share of Bitcoin. Remember, a market dip is an opportunity to buy more at a lower price. So, as long as you're prepared to take advantage of the dip, you'll be in a good position as an investor. So for the mean time, you continue the DCA so you can ride along the train when theres a bull.
That's right, beside one can still use their DCAing as form of buying the dip aslong they keep accumulating, because if you ain't ready for the dip then you ain't ready for the increase in prices when the time comes. So to be in a safer side is to have good Bitcoin stashes in your portfolio.