Quote from: Promocodeudo on Today at 11:45:46 AM

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The more reason why people shouldnt wait for the dip to come before the start accumulating is because the dip may not come as the plan so why waiting for something that you don't control or may discourage you as the case may be, sometimes when I hear some people talk about buying when the price of Bitcoin dips, I got surprised because if that season were to be the only period to buy Bitcoin, @JayJuanGee would have not been stressing on DCA method this much, I think people should understand that Bitcoin is a volatile asset as such you don't expect the price to suit your curiosity before you can invest in it, this is more reason why intending investors should be ready to buy at anytime irrespective of what the price says at all time because what matters is the amount of Bitcoin you have in your custody.

If am to advise newbies, instead of waiting for the dip to come, why not keep DCAing with the little you can continuously and efficiently without stress then once the dip comes you can buy in large amount and continue your DCA immediately since we understand that the best time to buy in lump sum is during the dip but not the only time to buy with the lump sum strategy,
Excuses should not be entertained in Bitcoin investment because most times it ends with regret, investment should be a smart thing and risk is part of investment, in Bitcoin we have seen that most people has always talk about price that's been controlled by volatility instead investing and allowing the Bitcoin concept to take its due cost thats capable of reshaping the market in favouring investors and mostly hodlers.
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You seem to be contradicting yourself Promocodeudo, especially since you are proclaiming that DCA is the best of strategies for newbies, yet at the same time you are saying that there is a need to have money available for buying BTC on dips and also to be able to lump sum buy on dips.

If a bitcoin newbie is actually employing active and aggressive DCA, then he is not going to have any money left for buying on dips, and especially he is not going to have lump sum amounts available that he would be saving for buying on dips.

Sure there are ways to combine the strategies, and even newbies could choose to hold back some value for buying on dips, and anyone could receive a lump sum amount of money at any time, and they could be fortunate that the lump sum amount comes during a dip period, yet even with the dip period, we cannot necessarily know if the dip is done or if there might be more dip coming.

I personally believe that folks who front load their BTC investment are in a better position to hold back value to buy on dips, yet at the same time, so many folks are not in a position to be able to front load their investment into BTC, so likely the better of the strategies available to them is to attempt to get their cashflow in such a strong position (including having back up funds) so that they are able to DCA in as aggressive way as they are able to do without going beyond their discretionary income... and so if they are not quite sure about the amount of their discretionary income, they might choose to be a bit less aggressive with their DCA amounts in order to allow room for error.. another thing that they could do is to have whatever amount that they are buying each week and attempt to buy on dips with that amount, even though that might be a bit of a waste of time, yet some folks might get some satisfaction to be trying to buy on the dip each week, and then if the end of the week comes and they had not used all of their authorized amount, they would just use all of that amount at the end of the week to buy and then to perhaps then receive a new DCA allowance amount for the next week. These are ways to attempt to help newbies to become more interactive with their BTC buying, yet it may not make very much difference in terms of lessening their average cost per BTC and/or increasing the size of their BTC stash.

Quote from: SOKO-DEKE on Today at 03:40:43 PM

Quote from: Rabata on September 28, 2024, 12:02:38 PM

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Honestly, as investors, we should not always focus on getting Bitcoin at a dip price by all means, because by doing that, it is possible that someone may never get that dip when they need it. This means they may have to wait for years, which is possible even during a bear market, as the price of Bitcoin may not drop to the level they want to buy at. The best approach for investors is to always see any Bitcoin price as an opportunity to accumulate more. In fact, using the DCA (Dollar Cost Averaging) method to accumulate Bitcoin at different price levels is a smart strategy. As long as someone has a plan to hold Bitcoin for a long period, they shouldn't worry about waiting for the dip. Long-term holding often results in reasonable Bitcoin profits.

Focusing on ongoing buying of BTC also likely puts a person in a better kind of a mindset, including that he is likely going to end up accumulating more BTC than others who are more calculating and/or hesitating about buying, even if the aggressive and persistent guy might end up having higher costs per BTC, he seems to be quite more likely to end up with more BTC which would likely end up putting him in a better position further down the road.. and yeah, it is not guaranteed, even though surely bitcoin does seem to be a great place for any of us to be putting value as long as we do not overdo it so much that we end up recking ourselves due to our failure to figure out an appropriate level of balance and/or aggressiveness.