Re: Buy the DIP, and HODL!

My question is can I be able to buy bitcoin now that the dip has occured.i need to understand how the market works and how to get started although I have not invested online before I mean bitcoin investment,

Hope this is the best time for me to buy bitcoin?

The best time to buy Bitcoin is now. Not in situation where market is at the dip nor the price of Bitcoin is having a good rally thru the bull run effect.

You are making things became more complicated if you always catch those volatile movement of Bitcoin. That's why better to think about better approach with it so that you can less get pressure on accumulate and can look forward to last long in this type of investment.

Bitcoin is not for short term so hopefully you understand the risk and other consequences so that you will not get distract by Fuds in the market.

So better start with your investment now by buying Bitcoin and learn DCA.

I will check mate my self and to think very well with this Bitcoin investment,I believe little by little will help me on this Bitcoin and I will make sure I learn the DCA just as you said.

Thank you very much.

I personally would suggest you to learn about wallets first. Because if you don't understand this, I think it will be a problem. Because a wallet is where you store the bitcoins you have. So don't store the bitcoins you buy on the exchange, because it is very risky. That's why I suggest you learn about wallets first.

Learning about wallets is important so that you will be able to figure out the best wallet that will give you 100% control over your bitcoin, but for someone who is just starting his or her bitcoin investment, learning about wallets is not the best thing he or she should do because he or she has not yet accumulated bitcoin to store in his or her self custodial bitcoin wallet. What someone who is just starting his or her bitcoin investment should learn is about his or her finances to know if he or she is in the right state to accumulate bitcoin and at the same time be able to solve his or her daily expenses without finding it difficult to do so. Maybe by the time the new investor has accumulated bitcoin that is worth $500-$1000 in any centralized exchange, he or she can now decide to learn about wallets to figure out the best wallet that is more reliable for him or her to store his or her bitcoin.

Yes, the best time to buy Bitcoin is now that the price is in dip. The market work in such a way that investors leverage the opportunity of the dip moment of Bitcoin to buy Bitcoin as much as possible and accumulate significant starch of Bitcoin in their wallet and then hold it for long time to sell when the price is high to enable them maximize their profit because the price of Bitcoin fluctuate with time, that is to say that the price rises and fall. However, before you invest in Bitcoin the first thing to know is the best wallet you will keep your Bitcoin for safety purpose and then the second thing is to know the best strategies that will enable you to buy Bitcoin because we have DCA method and Lump Sum method of buying Bitcoin.
The DCA means dollar cost average and it's a strategies that enable investors to buy certain volume of Bitcoin over a stipulated period of time. For instance, you can decide to be buying certain volume of Bitcoin everyday, weekly or monthly while Lump Sum is a strategies of buying certain volume of Bitcoin at once.