Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Re: Who says it's too late to buy Bitcoin?
by
Proty
on 21/03/2025, 20:35:55 UTC
⭐ Merited by Igebotz (3)
It may not matter a whole hell of a lot if you buy the dip or not, especially if you might be receiving an income every week, and then there can be questions about the extent to which you hold back some of your discretionary income in order to wait for price dips that may or may not end up happening.  Waiting for price dips likely puts a bitcoin investor in a wrong mentality, even  though surely there could be some psychological pleasure that comes from holding back some value for dips... while recognizing and appreciating that the dips may or may not end up happening. 
The price of Bitcoin of a truth is very unpredictable but considering the past events in the Bitcoin market, buying Bitcoin when there's a dip have in most times been very profitable to investors. It's important for investors to have it at the back of their minds that buying dips doesn't guarantee profits but the truth is that it's more advantageous than buying when the market is experiencing uptrend movement in price. In as much as I agree with you that waiting for dips have it's own mental pressures I also want you to come to terms with the fact that it's better to always buy dips than buying when the market is on the high. Buying dips to me will always be the perfect moments of investing in Bitcoin and unless the market leaves me with results to think otherwise, I'll continue to stick with that
One of the thing most people fail to understand is that the fact that one is accumulating bitcoin using a particular strategy doesn't mean the person can't used the other strategies.one can be doing DCA and still buy the dips however the main reason why newbies are advised to start accumulating bitcoin using DCA strategy instead of buying the dip is that buying the dip requires one to be timing the market and waiting for a desire price before starting accumulating bitcoin which is not suitable for a no coiner as the desire dips may not occur.so instead waiting for bitcoin to dip while we remain a no coiner is not a good decision, a no coiner oughto focus more on continuous accumulation of bitcoin.