Quote from: DubemIfedigbo001 on March 19, 2025, 08:13:38 PM

Quote from: Gost ms on March 19, 2025, 06:48:28 AM

A real investor will never wait for a fall to buy DIP. If you are waiting for a fall to buy DIP, then you are probably short-term investing. Because a real investor will never wait for a fall. He will buy continuously by relying on his net income or his money.

This is wrong, deploying waiting for the dip as your accumulation strategy isn't wrong if you're already close to your accumulation target and still have a good timeframe away from your holding period expiration, you can choose to consolidate your buying funds and target dips to buy a bigger quantity at lower prices and keep closing in on your accumulation target at a faster pace. Although myself would prefer consistent buying regardless and saving up for dip purchases separately, but the investor in my description that chooses to employ only buying the dip at his status is still a very much real investor.

Where waiting for the dip becomes a bad practice is when it's practiced by a low-coiner or a no-coiner. People who don't have BTC and people who are still very far from their accumulation target should continue buying consistently, and with as much aggressiveness as possible in order to accumulate a decent stash of BTC.

When newbies say they plan on waiting for a DIP, it makes no sense to me, a veteran investors waiting for the dip is an investment strategy and a good one at that because they already have enough bitcoin or they have close to their target value, but a newbie doing the same thing is unwise, a newbie should concentrate on accumulating through the DCA strategy, I'm not saying a newbie should not buy the DIP, buying during a dip helps you accumulate alot of bitcoin for a cheaper price and for this singular reason, it is something everyone should do but a newbie shouldn't wait for a DIP before making purchase, wait and you won't be able to buy any bitcoin at all.

Quote from: Derekfunds on Today at 09:47:25 AM

Quote from: Nightwatchmare on Today at 07:42:16 AM

Quote from: Bd officer on Today at 12:59:08 AM

Quote from: Nightwatchmare on March 19, 2025, 11:24:08 PM

It has helped me understand how significant and reliable dollar cost averaging is when accumulating bitcoin. If i receive my monthly salary by the end of this month and if i solve my monthly expenses, I will use the remaining money to start accumulating bitcoin.

Long term investment is the best approach when it comes to Bitcoin but it will only, but having a long term goal won't make your investment completely safe rather what will make it completely safe is if you have a good source of income and also know and keep out the amount you will be using for accumulation to enable you have smooth and good running investment. Using your left over ( remaining money) to invest in Bitcoin is not safe or advisable because there are unforseen circumstances that may possibly come up so if use your remaining money it will choke and you will have no option than to touch your investment.

Using your remaining money to accumulate bitcoin?! Does this mean that you have no financial reserves after investing?
Bitcoin investment should always be done with discretionary funds and not your capital, it shouldn't even be done with your remaining money as this sounds more like your emergency funds and should be used for emergency purposes and not bitcoin investment, if you unable to cut out discretionary funds from your income then a person should ignore investment for the time and focus on building their financial stability first, once this is done, that person should be able to invest in bitcoin without fear of possibly going broke in the process.