If an investor has enough liquidity to cover their family's daily needs for more than a year, I would consider holding more Bitcoin because I am piling up another valuable asset instead of one and have a commitment to take or replace that fund at a later date. The goal is to make Bitcoin investments last longer and try to increase the size of the bitcoin stash to reach the desired point, and I would probably feel positive about applying my own strategy here with accumulation.
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).
I totally agree with you here. There is absolutely wrong when an investor chooses to combine buying on the dip, and DCA. In fact, this is the pattern i use in accumulating my Bitcoin. I consistently buy through DCA which i do every week based on my discretionary income. So sometimes i have more discretionary income left for the week. I do whatever i want with my discretionary income especially buying on dips when i get lucky to see the dip.
The most important thing is that my idea of taking opportunities of the dip does not hinder me from my DCA. First thing is to buy through my DCA before doing a proper check on myself if i can afford buying on dips. But most people get this wrong. They really don't know how to buy on dip. Mistakenly they see every dip as an opportunity, so they pay less concern to the money they use at the end of the day they end up jeopardizing their investment.
@JayJuanGee i believe the problem people are still having is how to buy the dip but thanks for your detailed explanation i believe this will make it clear for those who are still finding it difficult.