Quote from: Litzki1990 on Today at 03:32:23 PM

Quote from: CageMabok on October 24, 2024, 12:43:43 PM

Quote from: EclipseXcrypto on October 24, 2024, 09:45:28 AM

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.

Every investor must have adequate understanding of the market before investing. If an investor does not understand the market conditions, then the investor may miss the big opportunities that will come sometime. When it comes to long-term investing, an investor should always be active and exploit the opportunities that come their way. Ordinary investors get frustrated when the market goes down, but professional investors see the market going down as an opportunity to increase their investment. Because if you can invest when the market is going down, then when the market goes up, there will be a good chance of profit. Such opportunities will not be missed if the investor invests consistently, so every investor should invest consistently according to his ability.

A new investor who wants to start his bitcoin journey right away does not need to have adequate understanding of the market for any reason because the market is unpredictable and he will waste his time trying to understand what is impossible which will hinder him from taking advantage of the opportunities in the market if he has started buying right away.

This is one of the reason why a new investor should adopt DCA accumulation strategy because it does not care about the market since you are buying whenever you plan to buy weekly irrespective of thw price of bitcoin at that moment. DCA enables you to buy bitcoin at all market level both in the dip ans when the price is high