Sure it could be possible to buy aggressively during dips, yet preoccupying about dips or no dips, seems a bit of a problematic strategy, especially since investors in their accumulation phase may well need not give much thoughts to BTC prices, especially in the first cycle or so.

Buying aggressively should be considered in light of a persons budget rather than the price of bitcoin, so there can be various ways of structuring a budget so that buying bitcoin is aggressive in terms of how much discretionary income happens to be dedicated towards buying bitcoin. so there could be money within the budget that is used for DCA buying every week, and there may be other money that is used for buying dips, and so the money that is set aside could be considered aggressive or not aggressive depending on how much is set aside for the purposes of buying bitcoin.

Anyone who increases his aggressiveness based on dips may well be going into territories of overaggressiveness, yet if there had already been money set aside for buying dips, then the aggressiveness level remains the same... so for example, a guy had already set up his emergency funds to cover at least 3 months of his expenses, and he has various other kinds of reserve funds.  

Perhaps he had been buying $100 per week of bitcoin for the past 2 years, and he had also had some money that he kept for buying dips... perhaps  that money for buying dips would vary in size between $100 and $1k, depending on the extent to which he would use the money, so maybe if he has the dip buying money set to buy $150 extra every time the BTC price dips 5%, then by the time the BTC price dips 35%, then he may well would have had exhausted all of his buying on dip money through 7 buy orders, yet if the BTC price takes 1 to 2 months to reach such 35% dip status, based on his income, he might have had already been able to set further money aside for buying further dips, and in the mean time, his regular weekly buys of $100 per week continued to get carried out.  

If he is already following a system that he has in place, then he already set up his system to be aggressive, so there is no reason for him to necessarily become additionally aggressive, unless that he has other funds that he chooses to draw from based on the  bitcoin price dropping, yet at some point, if he keeps buying bitcoin, then he is depleting the various reserve funds that he has, and if he is getting to a point that he ONLY has bitcoin and his emergency fund, then he may well be getting to the the point that his ongoing buying of bitcoin, including increased buys during the dip has devolved from being aggressive into overaggressiveness.  so the guy needs to be careful that he is not overdoing it and that he is maintaining sufficient funds in the event that some actual emergency happens or other unexpected needs for extra cash.


Who says that there is any need to prepare for dips beyond your regular weekly buys?  You are making mistakes if you think that you have to make extra preparations for dips beyond your regular weekly buys.

Sure, you have the option to prepare for dips and to structure your own set up so that you have extra cash to buy dips, yet the mere fact that you choose to set yourself up for buying dips does not signify that you are following best or even better practices, even if you want to set up your own budget (and psychology) in such a way.


One of the reasons that I suggest that beginners, even in their whole first cycle of buying bitcoin, try to figure  out ways to buy bitcoin on a weekly basis is so that they are able to feel that they can take advantage of buying on the dip within each of the weeks, if they so choose.  

Surely some folks choose to set their weekly bitcoin buys automatically rather than manually, and I don't have any problem with guys feeling that they don't want to spend so much time thinking about their bitcoin buys.. yet, sure if someone has a tight budget, or is paid irregularly, or even if he cannot necessarily figure out his monthly income and/or expenses except for once a month, then surely those guys are going to have to figure out ways to be more proactive to make sure that they are holding some money aside to be able to buy bitcoin on a weekly basis.  

Yes, I know that if the budget is really tight, it might become impractical to buy bitcoin every week, yet if you are trying to suggest that the alternative is to hold money aside for buying on dips, then you are already are admitting that you have enough of a budget that you can hold aside value for buying bitcoin every week (and perhaps you should give up the likely inferior practices of trying to watch dips rather than paying more attention to your budget so that you can buy bitcoin every week.. and also maybe you can also figure out ways on a weekly basis to increase your discretionary income by increasing your income and/or decreasing your expenses?).


Buying the dip and DCA are different, and beginners do not need to engage in both practices.

Sure you can fuck around trying to figure out dips if you like, but if you are already claiming that you have a limited budget, you may well be better off to get your DCA amount in a good place and to focus on DCA first.  Sure, maybe from time to time, you might get some extra money that you can hold aside for buying on dips, yet it seems that DCA is likely going to be the better focus for most people who are fairly early in their BTC accumulation phase and many times DCA is also better for someone who is further along in his accumulation phase too, especially if he has concluded that he still needs to accumulate more bitcoin.


You are correct that everyone can start with DCA, and surely an overwhelming majority of folks do not tend to have lump sum amounts available for them to invest, yet anyone who has lump sum amounts available may well choose to invest that lump sum right away rather than deferring by time (DCA) or deferring by price (buying on dips - that might not happen).  

Each person should be informed by their own circumstances (9 individual factors) in regards to how to employ strategies, once they realize that they have lump sum amounts available to them, they surely should be considering all three categories of investment for that lump sum amount, and yeah, if they already have a salary or an income, and they know that they will be able to authorize a certain amount of weekly DCA from their income, then they may well not want to allocate much if any of their lump sum towards DCA, yet DCA could be an option, but the buying on dips and buying right away might be considered to be better options - depending on the person and his weighing of his individual factors.


As a newbie you run the risk if you are expecting and/or hoping for lower BTC prices rather than just buying bitcoin regularly.  Sure you have various home priorities, yet you are probably going to be better off to dedicate a certain amount of your income to bitcoin every week rather than fucking around waiting for dips that my or may not end up happening... but yeah, of course, it is your choice.

and hopefully your own nearly 4.5 years into bitcoin (registered on the forum) has not caused you to underinvest  into bitcoin since you have been fucking around waiting for dips rather than regularly investing.  

If we go by your forum registration date, if you had been investing $100 per week into bitcoin since November 2020, you would have had invested nearly $23k and you would have had accumulated 0.6551 BTC.. so surely hopefully whatever you are doing is at least performing equally or better.. in terms of percentages.. not in terms of amount, since I cannot exactly know your budget..    

As others responded to you, surely having a discretionary income is a prerequisite to buying bitcoin, so hopefully you can figure out the extent to which you have discretionary income or not, even if it might only be $10 per week.


This is exactly true too.  Anyone who does not have any discretionary income should not be putting money into bitcoin, since there should be needs to keep whatever is put into bitcoin to be for 4-10 years or longer...and yeah, if the guy has too many expenses and/or not enough income, then, as you mentioned Agbamoni, the discretionary income likely has to be improved first by either increasing income and/or cutting expenses.


Emergency fund is something that you should not tap into.

So if you have extra emergency funds, then you are probably talking about reserve funds, and yeah you can tap into reserve funds for buying bitcoin or other purposes.

Of course, you are in charge of setting the parameters for each of your kinds of funds, and frequently guys here recommend no less than 3 months to be set aside for emergency funds, yet any guy who is a beginning bitcoin investor does not need to set the emergency funds up prior to investing into bitcoin, and can figure out some way to still invest into bitcoin and to get his emergency funds up to at least 3 months... so then you know that you are in a pretty desperate situation if you are having to dip into your emergency funds and also in a worse situation if your emergency funds become so depleted that you end up dipping into your bitcoin investment at a time that is not of your own choosing - which was the thing that you were likely trying to avoid.

Hopefully, each of us figure out that we should be prioritizing our bitcoin investment and trying to build it for 4-10 years or longer, which means that we don't want to tap into it and we also want to keep systems in place so that we do not have to tap into it, which includes emergency funds and other kinds of funds that are largely tailored to our own financial circumstances, so if we have really irregular income and/or expenses, then we may well need to keep larger amounts of back up funds.. that include emergency funds and/or reserve funds.  

By the way, if we already know that we have erratic income and/or expenses, I would not consider those to be emergencies when they happen, so we should have funds (that are not emergency funds) that deal with those kinds of already known situations.


You seem to be lumping everything (including back up funds and perhaps even float funds) into the emergency funds category, which can become confusing if you are trying to communicate your ideas about those categories of money with others, since you likely already recognize and appreciate that there are differing priorities within the various kinds of backup funds, and so yes, it becomes problematic to lump them all into one category of emergency funds.  You may well have emergency funds, but then you have money for buying on the dip, and money you are saving to buy your daughter a bike, money for your vacation, money for a phone update, money for a new car or motorcycle, so each of these have differing priorities, and maybe some of them would fit into the same kind of category of funds, yet it seems to me that if you deplete all of your various back up funds and you only have your emergency funds left, you better not be using any of those emergency funds unless there is an actual emergency of something unexpected related to income and/or expenses.


You seem to be referring to a correction rather than a bear market.

Sure corrections can be very short, or they can last for several weeks and/or months.  

A bear market might last a year or perhaps even more, we have had some periods in time where some folks who are merely buying bitcoin (not trading it) are in the negative in regards to their bitcoin holdings for 3 years or more.


There is nothing wrong with your description of your strategy, which seems to be a combination of buying on the dip and DCA, yet you have ONLY been registered on the forum for a year, and so are you saying that you have been employing your strategy for longer?  Did you get involved in bitcoin before registering on the forum?  

It is good that guys share their strategies based on experiences which might help other forum members to figure out it they might want to tweak their strategies or maybe to disagree with your strategy, if it might seem that you are describing strategies that might not be as great as you seem to be making them out to be.

For example, beginner bitcoin investors may well not be in a good position to be overly employing buying on the dip rather than just buying regularly, persistently and consistently.  Surely if there are situations that you have a lot of discretionary income or you have various other resources to draw upon, then you may well have more options than someone who might be solely relying on his income and who also might still be in the process of building up and maintaining his emergency fund (and other kinds of back up funds).