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 nothing absolutely wrong when an investor chooses to combine buying on the dip, and DCA.
Yes it may be right that when an investor decides to make these two together in DCA and Dip, it may not be wrong but whenever an investor is looking forward to buying only during the dip, this will certainly create misconceptions about the progress of his investment. So in my opinion, whether the investor is small or larger, it should be focused on buying Bitcoin Immediately or regularly in a straight way, then try to take the opportunities in the market. In fact there is a saying in our country that people accept pitch at low prices or even for free. In fact the true essence of this proverb for us is to get more for less and here it is my purpose to mention that we will purchase Bitcoin at a low price but it is necessary to maintain DCA in investment.
Buying the dip is mostly used or practiced by traders, it is not per se an investment strategy.
While DCA is advised is cos it takes away the stress of timing the market, you don’t have to wait for a dip cos ur buying for a long term goal. Most investors who practice DCA also buy the dip cos it’s a great opportunity to add to your portfolio.
Some folks still make the mistake of thinking discretionary funds is same as emergency funds and that’s why Budgeting is important. If you’ve made a plan on your expenses including your emergency/miscellaneous funds (unexpected expenses; it can be medical, car repairs etc) and your left with some extra cash that’s your discretionary money.
With Proper Budgeting, Everyone earning an income can be an investor practicing DCA.
It is not only traders who want to get Bitcoin at a low price; even investors want that but However, the truth is that it is not encouraging for an investor to keep parting for more dip when they don’t know when it will happen. In fact, the most discouraging part is that someone could wait for a long time, and it may till not dip to their satisfaction.For example, it’s possible for someone to target buying Bitcoin if it falls to $70K, but even if it drops to $70K, they may still expect a further dip. Some people will keep predicting additional dips that may never happen. Because of this, many people who want to buy Bitcoin at a lower price end up waiting for a long time and still fail to buy it. Eventually, when Bitcoin starts increasing in price again, they miss the opportunity.
The reality is that nobody is certain about the dips that some people keep waiting for. A dip is all about luck someone may get Bitcoin at the price they target, while others may not. The best method, which many experts encourage, is to apply the DCA (Dollar Cost Averaging) method. With the DCA method, someone can consistently accumulate Bitcoin and avoid regrets later.Nowadays, the DCA method has proven to be an excellent strategy for accumulation, especially as the market keeps moving up and down.