Quote from: Marvelockg on September 14, 2024, 02:10:22 PM

Quote from: terrific on September 14, 2024, 01:07:06 PM

Just buy whenever you want to. It's true that buying the DIP isn't only for the traders but it is for everyone, literally all of us.
And if you're not that much carried away by buying the DIP, then it only means that you're not pressured at all.
This should be what investing is, we're free to do it whenever we want and no pressures at all because you know how long the market will stand for.

it's only on an exceptional case and mostly applicable for some individuals that already have a good chunk of Bitcoin that we can understand that they know what they are doing by trying to buy the dip if not, most of the people that tries buying the DIP ends up trading or gambling with thier investment. As a starter or someone that's likely at his first two to three years of Bitcoin accumilation and that can't buy much Bitcoin at a single time, it should never be a serious consideration that you want to buy at a DIP price. It might look a bit rewarding that you were able to buy at the time Bitcoin was $50k and then afterwards it went up to $60k. Though looking at it without doing an actual analysis of it might seems that you've made a good decision but when you critically look at it, What it will do to you is that you're going to make yourself believe that you should wait till the price goes down to that extent before you should buy so you wouldn't be at a disadvantage buying above a range of price you've tagged as a DIP price subconsciously. It's only going to slow down your accumilation routine while you're trying to wait for the best time to buy while if you look at it real good, the difference between buying at these prices we've seen so far if your DCA amount isn't much doesn't really matter.

Even though some people might still misunderstand the buying approach of microstrategy to mean that he's Buying at the dip, what's likely the case is that he's buying when he has the resource to doing so and isn't paying much attention to the prices. If big and well extablished investors like that will still DCA consistently for the long term, it shows that trying to time the market for a DIP prics before buying even when we don't even have enough resource to buy with is an absolute waste of time.

That's why, buying whenever you are able to is the best thing. You buy the dip that you believe is the dip.
Because if someone who has done that and are looking for any validation from elsewhere, thinking that he/she hasn't bought the dip.
It is when the doubt starts and might discourage one from buying more. DCA, buy when you are ready and comfortable at all.
No pressures, no hassles, do what you have to do.