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Quote from: Olatundespo on December 07, 2024, 08:27:44 AM

Your advice will help me to be a good BTC depositors to explain more clearly. I may be a little wrong in explaining but what I want to say is that a new investor should buy aggressively from his disposable income and not rush to make a buying decision through market analysis. Aggressive buying during high BTC prices may not be a good decision so I would at least start with small savings (DCA) method. There should be no mistake in depositing BTC from discretionary income aggressively or (DCA) and not regret it even if the price drops further. Although the chances of dumping too much are very low. The money I can lose or even if I am stuck in the portfolio for years will not have a negative impact on my general lifestyle. If I had floating disposable cash fund. BTC allows me to be optimistic to deposit more when credibility is high as long period.

The easiest way to invest is to start with the DCA method. I will not invest the entire amount of money from the money I have to invest, but I will keep some money for myself so that if the invested coin dumps after investing, I can use the money to recover the loss through the DCA method. Those who are smart always invest through the DCA method. And those who invest in a new situation often suffer from big losses due to not understanding the DCA method.

You are choosing to combine DCA with buying on the dip, and sure there might be some value in that both psychologically and financially, yet it is not guaranteed to be better to be holding back value rather than buying more aggressively with your DCA.. ... yet for sure they are discretionary issues whether you buy everything through regular DCA or you hold back some value for buying on dips.

You’re absolutely right.
Holding back some value for buying the dip may potentially result to missing out on some rare opportunities that occurs in the market when/if the market continues to rise. Additionally, since the market is so unpredictable and we’re not always able to accurately predict its future outcome, Bitcoin investment is like travelling across a frozen lake covered with fog, you never know where the next step might lead you, so you can’t really predict if your next step would crack the ice or not, you might as well not know when exactly it’ll take you to cross to the other side. It’s filled with the unpredictability and that’s exactly why we need to adopt the DCA as this gives us the opportunity to keep our emotions in check, regardless of whatever turn the market may decide to take.
If we decide to wait for DIPs before we can buy, we might end up waiting longer than anticipated, the next DIP might even come after an unending bull run and you end up regretting why you held back in the first place.

But then again, the decision to combine both the DCA with the buying the dip strategy or to just stick with the traditional DCA accumulation strategy is ultimately a discretionary one as it should solely dependent on individual investment goals, market outlook as well as risk tolerance.
Just as you’ve rightly noted, one must first of all weigh and consider the potential benefits and drawbacks of each strategy as this helps us to make a better evaluation of the situation and realize whether or not it suits our personal financial goals before adopting them, not just because we see that someone else has adopted that very strategy and worked pretty well for them.

Yeah you are very correct I love this point, a lot of people in this forum always try to impose a certain strategy on a newbie forgetting that everyone has there different financial strength, as a newbie all you have to do is to consider the advantage and disadvantage of the every strategy if it will suit our financial strength, if we do this and choose the best that will suit our financial strength we won't have issues later in the future, some set of people that started this journey of Bitcoin investment with me has dropped because they couldn't keep up with the strategy they started with.
I know of someone who is into Bitcoin investment and he is using buying in the dip strategy and he said that was the only strategy he could think of so I introduced all the type of accumulation strategy we have in Bitcoin investment and explained it to him very well and at the end of the day he went with DCA strategy.
Good understanding about all strategy will make someone pick the right one that suits him or her financially.