Bitcoin has a great potential yes and it is also a nice asset that one should invest on but saying that if someone invest in long term that they will have profit and it is 100% sure is what an investor is not suppose to tell someone especially a newbie because we don't know what tomorrow holds for Bitcoin, as a matter of fact no investment that it profit or return in long term is 100% sure or guarantee perhaps we should put away the thoughts of Bitcoin profit being 100% in a long period of time, remember what we are using to invest is what we can afford to let go so telling someone for sure may look like misleading the person, that is making the person to invest more than they are suppose to... because of the assurance you gave them.
I can not argue with saying we don't know what tomorrow holds, I also understand that there is no 100% certainty in investment, but this is precisely why people should invest long term, bitcoin has a track record of rewarding patient investors, if you are planing on buying and selling short term then you are also guaranteed to lose due to market volatility, while there are traders who do this and make really good profit from it, their numbers are way fewer than that of those who ultimately regret selling short term.
Bitcoin investment should be long term and any investor who wants to invest must be ready and willing to exercise patience if they truly want to profit.
This is why I keep saying those who wait to buy the dip are mostly traders cos majority of those who buy the dip, buy it to sell when the price bumps and that’s the mindset of a trader. In as much as buying the dip is a known method of buying bitcoin I don’t see it as a strategy for long term accumulation. It is only a great opportunity to add to one’s portfolio at a cheaper rate.
Tho I don’t blame those who buy the dip to sell, we’re all in this to make profits whether long term or short term, But long term goals is more profitable than short term
Buying the DIP is for traders and investors alike, while a trader can buy the dip and sell without holding (HODL), an investor can also but the dip and hodl, the DCA method works for bitcoin accumulation, but buying the dip works too, I can be buying Bitcoin at successive intervals when a dip hits, I will buy the dip as long as I have the funds to back up that purchase and I am not a trader.