Wether you are a newbie investors or not, it's a terrible decision waiting for the dip before buying, because by doing so you might miss a whole lot of buying opportunities that may have comes along, which should have been properly utilized to add to your stash of Bitcoin, then along the line while accumulating if their is a serious dip in the market, it's best to accumulate aggressively only if you have the financial leverage to do so, but if you don't have such leverage, the best thing to do is to continue buying at your own pace without getting distracted by what's happening in the market.
So in essence of what am trying to say is that their is no point waiting for the price to dip before buying, you can still be buying, but if in the process the price dip, you might decide to buy aggressively only when you have the financial power to do so, but if you don't have such leverage, just continue buying at your own pace without stress.
Buy buy buy, regardless of the price as long as you can afford it, investors waiting solely for a dip to buy aren't real investors, they are more traders than investors, this is because a trader would want to make profit as quickly as possible, naturally an investor wantieto make profit as quickly as possible too isn't necessarily wrong but they also consider the long term gain to be made, traders don't consider this, they are all about what to get out of the business now not what they will get from it later.
There is a level you will accumulate bitcoin; you will make use of different methods of bitcoin investment, so it is not all investors buying the dip are traders; some are long-term investors who have decided to make use of buy the dip method in accumulating bitcoin. If a bitcoin investor wants to make quick profit from bitcoin, he isn't an investor because he hasn't held his bitcoin for one cycle to indicate he is a long-term investor, and don't allow yourself to be deceived that someone who wants to make quick profit from bitcoin is an investor.
I said an investor wanting to make quick profit isn't necessarily wrong, this is not to say investors are after quick profit, everyone who decides to invest in bitcoin should already know that Bitcoin's profits come on the long term not short term, let's say an investor buy the dip shortly before he reaches his planned portfolio and then the price goes up, at that point the investor may have made short term profit, but that doesn't mean the investor entered bitcoin investment for that short tern profit,
NO they we're already on a long term investment with the DCA probably being their initial investment strategy, the profit made from buying the dip was just an extra.
I find your post problematic and misleading because you seem to be okay with an investor selling his bitcoin he bought in a dip for quick profit once bitcoin price goes high. It seems you are saying things based on how you understand bitcoin investment, but let me enlighten you more how bitcoin long-term investment works so that you can change your mindset and focus only on your long-term vision. Even though you see little profit on your portfolio when you are still accumulating bitcoin with a long-term vision, once you get distracted by quick profit and you decide to sell your portfolio for quick profit, that has automatically turned you into a trader because you don't hold your portfolio for 4 years.
Read that again before you react to it.
I have a 10 years investment plan, 8 or 9 years into this plan a dip happens, and I bought the dip aggressively, The 10 years plan is at it end and the price of bitcoin skyrocket and the investor sells part of his shares, say 10%-20% (understand that this is still within his original 10 year plan, not 6 years short) The investor is selling not because of the short profit to be made, but because hr is still within the boundaries of his original investment plan, and since he sold not too long after buying the dip, some of the profit can be considered to be short term.
Wether you are a newbie investors or not, it's a terrible decision waiting for the dip before buying, because by doing so you might miss a whole lot of buying opportunities that may have comes along, which should have been properly utilized to add to your stash of Bitcoin, then along the line while accumulating if their is a serious dip in the market, it's best to accumulate aggressively only if you have the financial leverage to do so, but if you don't have such leverage, the best thing to do is to continue buying at your own pace without getting distracted by what's happening in the market.
So in essence of what am trying to say is that their is no point waiting for the price to dip before buying, you can still be buying, but if in the process the price dip, you might decide to buy aggressively only when you have the financial power to do so, but if you don't have such leverage, just continue buying at your own pace without stress.
Buy buy buy, regardless of the price as long as you can afford it, investors waiting solely for a dip to buy aren't real investors, they are more traders than investors, this is because a trader would want to make profit as quickly as possible, naturally an investor wantieto make profit as quickly as possible too isn't necessarily wrong but they also consider the long term gain to be made, traders don't consider this, they are all about what to get out of the business now not what they will get from it later.
There is a level you will accumulate bitcoin; you will make use of different methods of bitcoin investment, so it is not all investors buying the dip are traders; some are long-term investors who have decided to make use of buy the dip method in accumulating bitcoin. If a bitcoin investor wants to make quick profit from bitcoin, he isn't an investor because he hasn't held his bitcoin for one cycle to indicate he is a long-term investor, and don't allow yourself to be deceived that someone who wants to make quick profit from bitcoin is an investor.
this is not to say investors are after quick profit, everyone who decides to invest in bitcoin should already know that Bitcoin's profits come on the long term not short term, let's say an investor buy the dip shortly before he reaches his planned portfolio and then the price goes up, at that point the investor may have made short term profit, but that doesn't mean the investor entered bitcoin investment for that short tern profit,
NO they we're already on a long term investment with the DCA probably being their initial investment strategy, the profit made from buying the dip was just an extra.
Am not that surprised by your statement here because it's coming from a newbie, but that is not an excuse for not learning, am talking about the bold words in your statement.
You have been in this forum for about four months now but you have fail to learn and understand that selling for minimal gains as an investor makes you short sighted because you are selling for a profit that wouldn't have any significant impact on your finances, unlike when you buy and hold for like three circles or more.
Lastly, when it comes to holding and what we perceive as long term, it might be interpreted in different ways by anyone, but I believe that the ideal timeframe to term your investment as a long term investment is from three circles upward, even though I believe that most people might have different opinion, but holding just for a circle is actually not long term in my own point of view.
Please read the top comment and stop misunderstanding me