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.
I think what he meant when he referred to buying the dip as gambling is waiting for the dip to happen before buying that's the major gamble, maybe he didn't state it clear to your understanding or you didn't understand him, buying the dip method is not wrong but what's wrong is waiting for the dip before one starts investing on Bitcoin, it's like gambling cause what if it goes the other way round and Bitcoin didn't dip as expected but pumped rather.
There's a difference between someone that's been investing using the DCA but still buys the dip with spare funds whenever it occurs to boost their portfolio, it's called seizing opportunity while it lasts and more better compared to someone who has to wait for Bitcoin to dip before buying it, I've heard about some people who would only wait for the halving season for Bitcoin to go very dip, before they start buying, that's not wise, someone with a long-term goal and target wouldn't consider that, except they're only buying it for short-term profits which is not wise as well.
Buying the dip can be considered to be gambling when the trader is only ever waiting for a dip to buy, but this doesn't necessarily mean waiting for a dip is wrong, lets say i have a 10 years portfolio and I'm at my 8th year going to my 9th and I stopped buying Bitcoin, just waiting for the value of my shares to increase, if I see that a dip is coming in, i can decide to wait for it, purchase in bulk when it comes and hopefully still meet my investment time frame.
Well selling some percentage of my investment to even buy more may not be a very bad idea... While we are preaching buying and keeping we also need to know that the future is not promised. Nobody is guaranteed of being alive in the next 10 years - fate decides. In the meantime my investment strategy is buy more and sell less... When the future finally comes, I'll have more than enough bitcoins to leverage and in the present I take advantage of every good enough opportunity.
How will you be selling your Bitcoin investment and still be trying to buying more Bitcoin? Which kind of idea is that? If I should even ask, why did you decide to sell some percentage of your Bitcoin when you know you want to accumulate more? You are trying to be smart, but you will get it wrong if you start using that idea.if you sell your Bitcoin, you may not see the opportunity to buy back at your target price. In fact, I would say that you are trying to turn into a trader with that idea you may hardly grow back your wallet. As an investor, buying and selling is not always the best approach,rather, it’s about accumulating over the long term before selling. And again, if you don’t need the money, it is not necessary to sell after that long run of 5-10years.
I agree with you ,it is wrong to be buying and selling bitcoin when we are still in our early phase of bitcoin accumulation instead of to focus on continuous accumulation of bitcoin.buying and selling bitcoin to me is pure trading and not investing
Trader or not, it is unwise for a person to buy and sell bitcoin over short periods of time in the early phase of accumulation, bitcoin isn't some magical currency that automatically turns profit once bought, it takes time, some times years even, even if the purchase was made during a dip, there is still no guarantee of making profit, best a person can do during their early accumulation phase is to make purchase through the DCA or Scaling.
DCA is for those who don't have much discretionary income available
No way!! DCA is for every kind of investors, high income earners or not, the strategy involves making a consistent amount of purchase on a weekly or monthly basis, if a person decides to make purchase of 2k worth of bitcoin every week, would you say the person doesn't have much discretionary income???
NO, every investment strategy works for everybody.