Quote from: Stablexcoin on October 10, 2024, 10:40:21 PM

Quote from: iamsange on October 10, 2024, 08:29:19 AM

And if there are still people who doubt Bitcoin as the best investment asset, of course he will explain the reasons and it could be that the person just wants to advance another damn coin that he likes himself without seeing the value of Bitcoin itself. So for now there is no particular reason for me to doubt Bitcoin as the king and I also hope that over time Bitcoin lovers will continue to grow and implement buy the dip and hodl.

Bitcoin investment is optional. If a person feels that Bitcoin is not the right asset to invest in then he/she can go ahead to invest in the asset they are comfortable with. Everyone has the right to choose what to invest in but one thing I know shitcoins are terrible to invest in. Anyone thinking of investing in them only wants the little profit they can get now and they don't know the meaning of investment in the first place.

I think we see more new investors who are only concerned about short profits. That is why a lot of them are complaining about the price of Bitcoin when it fluctuation. Practicing buying the dip and holding for long term is easy peazy.

Buying the dip is not as easy as you think, especially for a new investor who just started his bitcoin journey. Waiting for the dip, is like wasting your time because what if the dip did not come, you will keep on waiting and losing the opportunity that the market is offering you and also waste the time that you are supposed to use in building and growing your bitcoin portfolio if you were DCAing.

A new investor shouldn't wait for the dip but rather get started immediately with DCA after figuring out how much of your discretionary income you will use to buy bitcoin by buying every week or month gradually and regularly in order for him to keep his bitcoin investment ongoing for a long period of time so that he can reach his bitcoin target. However, it is good to supplement your ongoing DCA method with lump sum to increase your bitcoin stash faster than when you are only DCAing. After figuring out how much of your discretionary income you will use to buy bitcoin.

This is where newbies get it wrong waiting for the dip because they think that is the best time to buy bitcoin cheap, unknown to them that it is the worst approach for a new beginner. DCA keeps you committed to invest always since you have a long-term mindset for your bitcoin investment.