Quote from: I_Anime on Today at 08:30:48 PM

Quote from: MusaPk on Today at 07:33:05 PM

Quote from: Agbamoni on Today at 12:12:42 PM

Another thing you should know is that buying on dips is not compulsory at all dips. If you don't have extra discretionary income to buy the dip don't buy. People do mistake of using money meant for emergencies to buy the dip and

Bitcoin investment should be like "out of sight, out of mind", means you should keep them in a way that you don't touch (use) them very often. That's possible only if you have cash available to meet your daily expense and emergency needs. How you balance cash that goes to bitcoin and in your daily expense differs from person to person. That's only as an individual we can decide that how much is good for Bitcoin.

Quote from: Agbamoni on Today at 12:12:42 PM

when an emergency appears in the future they go back to touch their investment what is now the essence of buying the dip then it will even be worst if when they tamper their investment the market is in a downtrend this means they will lose some value of their money in the process.

Even if Bitcoin price went down for some reason it will eventually recover in the long run, make sure you have a strategy that takes full advantage of Bitcoin long run price gain. If someone keep touching his Bitcoin after short intervals, he might not be able to get full benefit of bitcoin investment.

At first before going into bitcoin investment you have to be prepared for any thing and same time try to make best of it too, by having a nice bitcoin stash , accumulating as much as you can as the price is cheaper now . While bother yourself with price movement while you haven’t gotten anywhere with your accumulation, and you won’t be able to secure a better return if you don’t have enough bitcoin stash .

The issue most people are having is that they are taken bitcoin investment as trading , buying when the price low and selling when the price thinking they can benefit more with such means which is wrong Aslong is bitcoin the best thing to do is focus on long term in that way you be able to have enough time to build something beautiful in it .

There is this my friend that always says he is an investor only for me to find out that what he is doing is spot trading, what he does is wait for Bitcoin to Dip before he will buy and then he will wait anytime Bitcoin price surpass the price he bought at before he will sell and he was doing this not because he doesn't have money to be accumulating but rather he thinks that is the best way for him untill I told him that instead of the little profit he is taking every months or weeks why not just keep on accumulating little by little regardless of the size or fraction you are accumulating but if you are consistent you will grow your portfolio with time and he buys the idea and right now he is doing it and I think the problem with most persons is that they don't really understand how Bitcoin works and these kind of people, what they need is information because a good information is a great key.