Quote from: As-Soon-As on Today at 04:24:25 AM

Quote from: George Edward on January 12, 2025, 08:04:41 PM

Quote from: JayJuanGee on June 17, 2021, 11:46:41 PM

Quote from: DatKing on June 17, 2021, 10:04:37 PM

This is really my motto. I care about not missing any of the dip levels. And I think that it is really important for a HODLer. In the long run, I know that I will make a really good profit. I just need to keep being patient.

Devil is in the details DatKing, no?

It takes quite a bit of having a plan to be able to feel comfortable with your buy points on a 53% dip?

A lot of guys likely had bought most if not a lot of the dip into the lower $50ks and then maybe some got lucky and bought down into the $40ks, but probably a lot of dip buyers ran out of money early.. and then may have felt a bit bad in terms of whether they had bought enough of the dip or felt comfortable that they would have money to buy the dip if it continued to happend below $30k.. which so far we have not quite gotten below $30k - even though there are questions about whether the BTC price might dip below $30k.

What did you do? Are you prepared if the BTC price dips more, such as below $30k?

You are right, timing the market is impossible. I used a DCA strategy, buying in stages according to my plan. I managed to add to my holdings during the recent dip, but I did not bet everything at once. Well I still have some funds set aside, just in case we see a drop below $30k.

However, the possibility of Bitcoin prices dipping from where we are now is very low, because I think the Bitcoin market has been on an upward trend and it will remain so for a long time. However, investment in the DCA method should always be moving forward, it is better to invest regularly, then your Bitcoin portfolio will increase.
The second method of investment is followed only to increase investment in Bitcoin, but you will definitely succeed if you move forward. Investing in the long term is the most important and there is focus on investment. The most suitable DCA method of investment in the present time and in the future is the one that most investors succeed in.

The DCA method is a safe and stable strategy, especially for new investors. The biggest advantage of investing in the DCA method is to reduce the impact of market fluctuations and build a strong portfolio over the long term (at an average price) through regular investments. Those who set long-term goals are most likely to succeed, and this is very effective in the case of Bitcoin investment.

Because Bitcoin is a long-term asset, the longer an investor can hold on to this bitcoin investment, the more He will have the opportunity to profit. Patience and regular investment are the most important things in Bitcoin investment. Instead of worrying about the daily changes in the market, the investor should continue this continuous cycle of investing a certain amount of money in DCA at a certain time. And a large portfolio should be built.

The right strategy, patience, and regular investment are the most important things to achieve success from Bitcoin investment. And in addition to these, you should have a strong source of income, and all kinds of funds ready, So that other obstacle in the way of long-term holding cannot be harm your holding. Holding with long-term goals and patience greatly increases the chances of success.