Quote from: SOKO-DEKE on September 13, 2024, 06:48:47 PM

Quote from: Ambatman on September 12, 2024, 09:45:02 PM

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.

Honestly, those sets of people that always want to buy the dip, I view them as short-term holders, which I see as traders. They always have the intention of selling in a short period of time. But for anyone that is ready to hold their Bitcoin for a very long period of time, I don't think they should have that type of mindset. This type of mindset can hold someone back from investing in Bitcoin. It has happened to many people, all just because they wanted to buy Bitcoin at a cheaper rate. They are still waiting for the Bitcoin price to drop to $20k. They saw it and refused to buy at that time because of the mindset of always waiting for a dip. In fact, many have even wasted the money in other ways.

You can't be certain, investors can apply a strategy that suits their investment goals according to their financial power and their investment status. Some investors might have hit their investment target but are still willing to accumulate more Bitcoin such person may opt to wait and buy during DIPs, while some have the financial power to purchase bitcoin during DIPs. But its not advisable for a newbie or low coiner with less finance to wait for Dips, rather such persons should be in the market accumulating bitcoin consistently using a DCA strategy to build up a solid portfolio gradually over time.

Quote from: SmartCharpa on September 13, 2024, 08:38:52 PM

i believe that people who are new to the cryptocurrency field wait for a dip before investing.

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Let our discussion be focused on bitcoin not cryptocurrency because you're simply including other altcoins and shitcoins by using the word cryptocurrency.

Quote from: SmartCharpa on September 13, 2024, 08:38:52 PM

I believe that people who are new to the cryptocurrency field wait for a dip before investing. To be honest, I don't blame those who wait for the price to fall before investing, some people wait for the price to drop because they don't have enough money to hodl for a long period, and they can only buy the dip and sell when the market rises. Again, it depends on the encouragement one receives before beginning an investment; the person who teaches them about trading may encourage them to buy when the price drops, so many people may believe that it is too risky to accumulate at a high price.

Waiting for a dip is risky for short-term investors because if the price of the asset they own continues to fall, they will eventually lose their investment. However, using the DCA method is the smartest choice to buy at any moment since the buyer will not be afraid to accumulate more because it provides a big return.

Waiting for bitcoin price to Dip before investing is a waste of time, the market is unpredictable. Dips occurs in the market but it might not suit your desired level before investing, waiting for DIP as new investor you're simply timing the market of which is not a good approach for a newbie because its very challenging and stressful. DCA strategy is very effective for those with long-termperspective, it allows you to be in the market and accumulate bitcoin consistently at Al given time regardless of what bitcoin price may be. DCA offers the opportunity to invest and buy bitcoin with amount you are comfortable with rather waiting to have enough money before investing.