Re: Buy the DIP, and HODL!

It is not just wrong for newbies investors alone to wait for a dip before they buy, even veterans too, it doesn't matter wether you are a newbie investors or not, it is absolutely wrong to wait for a dip before making a purchase of Bitcoin especially when your stash of Bitcoin is not good enough to wait, those investors that has gone far in their accumulating journey can have the leverage of waiting for a dip, but it's not ideal, because they know that they can miss a lot of buying opportunities too, but due to how far they have gone in their accumulation of Bitcoin, it wouldn't be much of a disaster but those that are just getting started, those that has less or no stash at all, waiting would really be a terrible idea.

So the best thing to do wether you are a newbie investors or a veteran investor, is to buy Bitcoin regardless of it present price, but if in the process the price dip further, you can buy aggressively only if you have the financial leverage to do so, but waiting for the dip is what I really don't find encouraging.

I totally agree with you waiting for the Dip is wrong for both newbie and old investors who wants to increase their portfolio and doing this won't only make an investor miss some good opportunity to invest rather it will make an investor to spend longer time in accumulating their Bitcoin. However, in my opinion instead of an investor to wait for Dip simply because they have some tangible Bitcoin in their wallet I will still suggest or if I am the one I will still be investing using the DCA but as much as my initial way of... While I still prepare for the Dip I think with this an investor won't miss so much opportunity, funny enough some investors who wait for the Dip sometimes when the Dip comes is either they won't have enough money to buy or they won't even invest at all because the Dip comes unexpected.

In a more precise way, buying the dip shouldn't be a primary accumulation strategy for those who has a long way to go in their bitcoin accumulation journey, yes of a truth it can offer buying more Bitcoin with the same amount of money used as compared to buying from it's previous highs hence, it can be seen as a secondary accumulation strategy in your ongoing primary strategy if you are readily prepared for it with a reserve funds and there is nothing absolutely wrong with it, but yeah it can become problematic when you get carried away all in the name of attempting to buy the dip and used the money that is not is meant for investment to buy Bitcoin. As for me, I have decided that it is best I remain focused with DCA to enable me to maintain and sustain the original plan.

Focusing on using one strategy for a long time in your investment journey is based on your own personal assessment if you can maintain it consistently without finding it problematic later on. Maintaining one strategy such as using the DCA strategy is good since you can still be presented with the opportunity to buy at DIPs but it will be more advantageous if you have reserved funds to acquire bitcoins more at DIP prices instead of focusing only on accidental buy during your accumulation using the DCA strategy.

The only time you should change strategy is when you notice you are no longer comfortable with that strategy or the strategy is not giving you the desired result needed, a lot of people started Bitcoin investment by accumulating only during the dip I was among this set of people but when I saw the DCA strategy and how it works I preferred it to the other I was using because the former didn't give me the result I needed it slowed down my accumulation, so go for the strategy you feel will give you your desired result and abandon any strategy that is slowing you down.