anyone buying when the BTC price is going up should understand that it could dip and they might be buying at the top, and they could get stuck in a downwards price spiral, and that is part of the chances that they are taking in regards to when they decided to begin their bitcoin investment journey.
From what I've always noticed, investors are always moved to invest once the price is pumping ,some of this investors(or should I say most) are always after the short term profit, among which we will still have some future holders even some short term investors can still become long term holders.
This short term investors in my opinion are the reason we always have those massive dip season , all buy when it is pumping and sell when they see little dip causing more panic for new long-term investors and this is why new investors must always know that there will be a dip , it is just corrections and we will be back stronger so there's no need to panic when the time comes , 48k to 70k was a good example.
and surely when not sure, DCA can be one of the strategies to start with a weekly DCA amount that seems reasonable, study bitcoin along the way and study and put into practice good cashflow management practices, so then those cashflow management practices will help to inform any such newbie in regards to his position size and his ongoing strategies and practices to achieve his position size goals.
Totally agreed,
since we can not easily predict Bitcoin movement ,then DCA should not dissapoint although, using the "lump sum" could be beneficial attimes, it can still be used in form of DCAing all that matter is patience to see the result yield.
The main reality here is cash flow, once a Bitcoin investors have a good cash flow management and can set aside the right amount to DCA in Bitcoin and also properly managing the timing he get into Bitcoin, such an investor could be sure of making the right Bitcoin investment decisions along the way, since he already put in place mechanism that will guide his decisions on how he/she uses the cash flow to fill up Bitcoin stash along the way, there is no doubt the fact that, buying low is the best buying position, and avoid jumping on the market when the price is at all time sure way to avoid getting trapped in a downward trends movement and longer waiting before your portfolio can be in profits again.
One other thing that help new investors to move fast in their Bitcoin accumulation journey is the aspect applications of excess cash flow for an investors advantage, some of the Bitcoin investors who have excess cash flow easily lose the patients to wait for the price to drop at low before buying, because they are carried away by the available resources in their hands and instead waiting for correction they jump on the market regardless weather Bitcoin is at all time at that moment, this practice have lead to a lot of loses in the past, and some of such investor wont have the patient to wait for recovery tge also cash out at lose because of the frustration and fomo around them, is very important to learn how to use cash flow to our advantage and not being under pressure to buy Bitcoin at whatever price just because we have available fund's to do so.
Traders will run at loss in the long run. Majority of traders will be a no coiner or low coiner in future. Traders will regret their actions and feel like they have lost it all in future when bitcoin price will very expensive. Traders want to play a smart one in the market but they forget that they're gambling with their future, because you cannot outsmart the market since the price of bitcoin is unpredictable.
This is why I have only focused on long-term investment goal to secure my future when I am old. Bitcoin long-term investors are winners because they have taken their time to sacrifice and build wealth for themselves through discipline on regular buying bitcoin persistently and consistently over time. In the future traders will say long term investors were lucky to buy bitcoin cheap. Forgetting that they both had the same opportunities now to hodli till then.