Re: Buy every dip!

You sound so confusing because at the beginning of your post, you said that anyone who patiently invests in bitcoin with the DCA strategy will be successful, and at the end of your post, you said that only those investors who can buy the dip will be successful, which simply means that you don't really know how bitcoin investment works. Buying a dip is good, but it doesn't guarantee success in bitcoin investment, and no strategy guarantees success in bitcoin investment. For you to be successful in bitcoin investment, it solely depends on how you invest in bitcoin because you can't be investing in bitcoin with the DCA strategy in such a way that you will be struggling to sort out your daily expenses and expect to be successful in bitcoin.

Generally no investment strategy is guarantee to make our investment successful but it is good that we put in some good investments practices which i see is the general point of our conversations in light of all that we have been discussing here, and that is the reason why any investor should only follow up his or her investment within his or her general circumstances and goals and not just as a must of doing what others are doing, all approaches must be tailor down to suit you as investors while hoping for the better future, we have to prepare for the worst that may or may not happen.

Left for me, being successful in bitcoin investment is not about the strategy an investor use or how much the person invested with and overtime, being a successful investor, to me is how patient an investor can be, patience is the only guarantee that one's investment or goals towards their investment could be achieved, it is said that Bitcoin investment requires investors to hold for long-term and regardless of other important things like capital, steady income, DCA strategy and so forth, the main thing that would keep an investment going for 5 to 10 years or even more is patience, if an investor lacks it then it would be quite difficult to meet their goals or succeed in their investment journey. So whether one does the DCA, Lump-sum or even if they decide to buy the dip you'll still need patience to achieve your aim of investing.

Since bitcoin is a long-term investment, it requires patience, and only a patient investor can possibly achieve a successful bitcoin investment. Being patient when investing in bitcoin plays a major role in achieving a successful bitcoin investment. But being patient alone won't guarantee you success in bitcoin investment because there is one thing you should not overlook when investing in bitcoin. Don't forget that as you are being patient when investing in bitcoin, you should also be disciplined to always invest in bitcoin with your discretionary income so that you will always solve your problems anytime they arise and remain in the game for a very long time before your patience can play a positive role in your bitcoin investment. After being patient when investing in bitcoin, how we accumulate bitcoin also plays a major role in achieving a successful bitcoin investment.

You are absolutely correct, patient is very vital when it comes to Bitcoin investment because without patient an investor can sell whenever there is a little change in the market but patient is not only the vital thing in Bitcoin investment there are so many others that will help an investor in there investment which include; planning, calculation etc, because planning and calculation will help an investor to reduce so common stress and speed up there accumulation process. The discretionary, emergency and reserve funds are been calculated and planned on how to use them by an investor, because failure to do it will result to a half way investment.

Your steady cash flow is the only key to a successful Bitcoin journey that you don't have to wait for the dip before you buy and HODL it in large amount,which you can often do always if we talk about patience, for one to be patience in Bitcoin that means you need to have several businesses which funds will be coming into your pocket , it is money that gives patience, when you don't have money to buy and accumulate, that is when you may reason to patiencely wait for the dip before you buy substantial amount of Bitcoin that you will want to HODL onto for within 4-10 years which is wrong.

If you have several source of income you are not going to even thinking of tempering or wanting to sell part of it or sell all before the end of your long-term, all you will be reasoning is to keep on buying more than each previous one being bought or even graduate from using the DCA strategy to using lump- sum, because you don't have to think of lack of funds , all you need is just keep buying and HODLing till your speculated time.