Re: Buy Buy Buy or Sell Sell Sell?

There are so many things that is making some people not to buy BTC anytime, when some people have financial issues and it will be difficult for them to be stability in buying BTC on the time because they have other bills they need to settle to make sure there is peace at home. Some feel the dip will allow them to buy plenty of BTC and hodl because they know that the price has drop for those who don't have enough money to use the period to buy as much they want.

The bear run people are waiting to see before they will be move massively is no longer far from the market, you can still wait before the end of this month before you buy because there are some good information analyst that the price of BTC will still drop to enter $$70k soon.

Firstly, waiting explicitly for the dip is very wrong for a low-coiner and a no-coiner. It shows lack of dedication and consistency in their ongoing accumulation journey.

If I read well, you're already waiting for the bear run and predicting it to be month-end before making purchases? What is the proposed price drop doesn't come? You'll wait for another prediction and on goes your speculation. I think you're just gambling on the price of BTC. You're already allowing the noise from the media and influencers interfere with your rational judgement in your accumulation journey and it's making you indecisive. This indecision can compromise your accumulation journey and it's already threatening your commitment and dedication to consistently accumulating BTC, what a shame!!. I bet very soon you'll be targeting short-term profits too since your mindset towards accumulating Bitcoin is now porus.

You're gradually shifting your mentality, if not totally from that of an investor to that of a trader . Those who gamble with Bitcoin prices instead of focusing on their ongoing accumulation journey are more likely to record a low success rate in their accumulation journey if at all they record any success on the long-run.

You me or any investor who intentionally pretends to wait for the dip season is his not an long terms investor but just a gambler just as you have said waiting for the dip can indicate lack of commitment to consistent accumulation, relying on the prediction an waiting for the market downturn can lead to speculate and gambling rather than informed investing from long term investors sticking to consistent accumulation plan,regardless the market downturn helps you to be consistent and discipline.

I think you are being too emotional about this because I don't see how buying the dip amount to gambling. Do you even know what gambling is? Where is the risk of losing money in buying the dip that will make it the same as gambling? We I will give you a little history about my personal experience.

There was a time Bitcoin was stocked in a range popularly called "don't wake me up" then and the average price was around $26k. They we knew that there would be a major move but what was not clear was if there will be a dump before the major move or it will continue rising from that range so what many people did that time was to set buy orders at lower prices like $20k, $18k, $16k and so on base on individual choices. Lo and behold, the price dropped to below $18k towards $16k before it quickly reversed and started rising and got to $29k and upward. Those who succeeded in setting these limit orders were waiting for the dip and they got their orders filled. That is not gambling because assuming the price did not dump and continue to rise, they would have till used the same funds to buy, just that they will be buying a little higher which is not still a bad idea. I am not saying that you have to adopt this method, stick with the DCA method that is easy but don't call buying the dip gambling because even now there are people who have even kept like 10% of their investment money incase Bitcoin get to $74k. They are buying with the DCA method but that does not mean that when price drops they will not take advantage of it.