Buying during the DIP is definitely a good idea, But Not everyone can buy during DIPs. Everyone has their choice of investment strategy and their own approach, its important to stick to what aligns with your aims and the available funds at your disposal for accumulation. A lot of folks prefer the DCA method to accumulate consistently because it saves you from market timing stress.
Some people who cannot take advantage of the Dip condition when they see Bitcoin is at a certain level and they realize that at that time Bitcoin is in a Dip condition, they can be considered as people who lose in taking advantage of such a good time or moment. Because people who are ready to take advantage of such conditions will always be moved to buy periodically even though sometimes they will also use certain methods such as DCA. In addition, there are also people who are afraid to buy Bitcoin even though the price is Dipping Because maybe they don't have the mentality to buy or maybe they don't have the capital.
One cannot go over a cycle without meeting the dip part of the market, the most controversial reasons why most people misses to buy at the dip is due to low capital, sometimes not the concern of not taking the advantage but purchasing just the usual that has already been kept for DCA, this means they were not able to accumulate more by putting additional funds into their investment.
Hope everyone bought the dip, might be the last time we see 65k for a while!
Due to lack of funds and dip wise my investment did not come due to which I could not purchase. But I have my dip purchase date on 25,10,2024, because the emergency fund I had is very small.
So currently could not buy this 65K dip at most, only 2 more days will be available so I can buy the right dip at the right time.
But Not everyone can buy during DIPs. Everyone has their choice of investment strategy and their own approach, its important to stick to what aligns with your aims and the available funds at your disposal for accumulation. A lot of folks prefer the DCA method to accumulate consistently because it saves you from market timing stress.
Yeah buying during the dip is a good idea however one should not wait for a dip to happen before he or she can start there Bitcoin accumulation because waiting for a dip is a waste of time and it will delay your accumulation journey, have you asked yourself what if a dip don't happen or what if it happens in the next 3 to 5 years.
Is better you use the DCA strategy and start accumulating weekly or monthly and then if you have a reserved funds you can decide to use it to accumulate more Bitcoin when ever there's a dip however before using your reserved funds for that make sure you have an emergency funds and float funds so as to help you when you are in need of financial assistance in other to prevent you from dipping hands into your Bitcoin investment.
The Dip and DCA are both strategies that can be applied to our investment process, to increase productivity on the total accumulated Bitcoin in our portfolio. Using only the Dip can be efficient but poses some risks which involves holding the funds while waiting for the better entry during the dip part to invest meanwhile those who DCA are unbothered and purchase according to how they programed their respective intervals which most likely will happen to fall into the dip part also. But to be more efficient than singularly using one strategy, good investors knows how to apply both strategies in a way it becomes very comfortable and much prefered reflecting enough load of Bitcoin in the portfolio.