Quote from: Ambatman on September 22, 2024, 10:22:48 PM

Quote from: Mayor of ogba on September 22, 2024, 07:23:46 PM

You are wrong; no bitcoin investor who is accumulating bitcoin for long-term purposes and understands bitcoin will get scared anytime there's a dip; rather, the investor will see the bitcoin dip as an opportunity to

Lol unfortunately we humans
No matter how we trust in a thing we still get scared sometimes
Like when is it going to stop?
How much is it falling?
Even Christians do get scared despite their faiths in Christ.
So getting scared sometimes as an investor doesn't make you short term or a trader it means you human.
Now when you do sell because of the scare then we can say they in it for the short term.

You seem to have shifted from the topic of discussion. Returning to the discussion the psychological aspects of investing and fear of loss show that the investors are scared and bit because they still lack some understanding of Bitcoin or they dont have any clue at all about what Bitcoin investment is. This is where the knowledge and experience in Bitcoin matters. There is a saying 'When you're not informed you're deformed.' This means that things we lack knowledge of are way bigger than us and we are scared of it because we cannot comprehend them. Being scared about investing their money in Bitcoin doesn't make them win. They should be more scared of saving their money in local banks.

Quote from: fredericktaylor on Today at 03:51:47 AM

In my own DCA and purchase data, I bought corn at these prices on those dates at the end of each month:

22 /11/ 2023 $ 43,997.9 (DCA)
31 /01/ 2024 $ 42582.61 (DCA)
28 /02/ 2024 $ 62504.79 (DCA)
30 /03/ 2024 $ 69892.83 (DCA)

I have started and hold bitcoin investments,How did you all do dca or dip?

You seem quickly tired of holding your Bitcoin i would advise you not to be pushed to sell them.

In brief help me tell you I have been able to DCA consistently and sometimes buy the dip. Perhaps you can adopt the method and see how it syncs with your goals and risk management. The first time is a commitment to dcaing the highs and lows, no matter what the price of Bitcoin is. Also, dont just buy Bitcoin because of the hype and excitement of where the price will be in the next year. Because if you do, your mindset will all be on the profit you want to make and not the accumulation goals you've set. Instead set your DCA to be weekly buys, bi-weekly or monthly, and stop timing the dip. When the dip comes if you have spare money other than money kept for DCA then you can buy more to achieve your goals faster.