Along with DCA I give more importance to reserve fund for dip buying. Because reserve fund is divided into 2 always one part is kept for emergency fund (which acts as protection to prolong my investment) and the remaining part is used for buying dips. I have only been in the deep once since I started investing. I would like to ask some questions, should I be aggressive in DCA with the money reserved for the dip during the dip?
Or should I buy a lump sum with the whole amount?
A few days ago I entered the deep, where I chose to be aggressive in investing. At that time I took a completely independent opinion. Normally I invest in DCA monthly, as I am salaried monthly. But as I had money saved for the dip, I resorted to weekly DCA to buy the dip, which was only for 3 weeks. Later I again started saving money in reserve fund and preparing to buy dip. I haven't fully planned whether I will do DCA or buy lump sum during the next dip, but in the initial plan I am preparing to buy lump sum. I want advice from you guys, should I do frequent dip along with DCA? Or once a year or longer?
You seem to be confusing yourself buddy, if I may ask, what's the reason for reserve fund when embarking on Bitcoin investment? I think you are misprioritizing the major reason for reserve funds, I think you should understand that reserve funds are kept to Carter for unexpected needs, like health or any other stuffs, this reserve funds can alos be called emergency funds but buying the when the price is dip when you are already DCAing is what I dont I agree to.
How would an investor mention buying when the price of Bitcoin is dip when such investor is already making use of DCA method to accumulate Bitcoin, I think it would have been better if youl use half of your reserve funds to intensify your DCA aggressively that would have been understand than mentioning buying the dip, how do you even identify the dip and who knows if a dip will continue, buddy you dont frequent the dip since you are already DCAing, just continue buying at all time continuously but if you eventually have lump sum amount you can buy immediately not minding the price or the season because as i know, there is no specific time to buy in lump sum it all depends on when you have the lump sum amount and its not advisable to wait further because of other unforseen circumstances might make you to spend the money.
Why are you always mentioning the dip, don't you think is very confusing to me to people who already know what DCA method is, I think they major discussions here is the way we can acumulate Bitcoin without stress at all time with the helo of DCA method, so what concerns the dip, I think you should understand this thing for your own good, don't wait for something you can't control, just keep DCAing weekly or monthly depending on choice and your pocket ability but as for saving and waiting for the dip to DCA as you said which is confusing to many, wait no more keep doing as your financial ability permits to have a bulky portfolio and hodl for a long-term.