Quote from: Tungbulu on Today at 02:49:42 AM

Yeah, I believe it’s probably just best for newbies to keep things pretty simply with their accumulation process, by just sticking to a simple and regular accumulation schedule, it could be on a weekly basic or whatever interval that sits well with them and works for them. Because trying to time the market or waiting for a DIP to come first before you make your buys can be a really stressful approach and may as well not pay off most of the time.

A newbie waiting for a dip is not a very smart investment move, its like trying to run before learning to walk and rushing into things like that can have backlashes, thr newbie might end up usinf more than discretionary funds to buy, this is if the DIP actually happens, a newbie who is waiting for a DIP might wait for too long and get discouraged from investing before the DIP happens, using a simpler, more newbie friendly investment strategy like the DCA is a better choice for a newbie.

Quote from: Tungbulu on Today at 02:49:42 AM

Even those who are considered to be experienced in the investment business who manages to keep aside some part of their funds for buying the DIP still may not be able predict just how long the DIP may take before it eventually comes, or how long it’ll last or how low it’ll go when it eventually comes. So it’s kinda like you’re just chasing shadows or some ghost that you’re not exactly sure where it is or where it’ll be. And that’s why it’s always advised for investors to have a more solid plan in check in order to avoid certain situations where you’ll end up mixing up emotions with your investment or your accumulation.

Predicting Bitcoin's price shift can be difficult even for experienced investors, the time the DIP happens isn't something anyone planned before hand, and no one can tell how low the price will actually go, or even how long the price will stay that low, it's a spontaneous occurrence and most investor who buy the DIP just go with it whenever it happens without really planning for it, they might have saved up a bit for the dip, but they also understood that there was no way if knowing when it was actually happening.

Quote from: Tungbulu on Today at 02:49:42 AM

If an investor is regularly buying at every market condition, they may likely catch some DIPS along the way as they invest, which is a very important and major advantage of consistent buying through the DCA strategy, you get the chance to take advantage of different market conditions without necessarily having to wait for it. Even without putting aside some kind of a special funds kept aside for buying DIPs, you’ll still end up benefiting from it.

This is why DCAing is done by investors, regardless of the market condition, they just keep buying, which means that they are bound to run into one DIP or another during that time and they can buy at a low price without even preparing for it beforehand and without really keeping money aside for buying a dip that may not happen, but this can only happen through the DCA method.

Quote from: Tungbulu on Today at 02:49:42 AM

The key is always to stay consistent with your buys, sticking to your budgets and goals, and by all means, avoid to get caught up in the loop of attempting to accurately time the market.

Get your funds in order, pay your bills, make sure to buy consistently with your discretionary funds and be prepared to with for a long time because short term goals don't work with bitcoin, go with the flow of the market, don't try to predict it, instead allow it to unravel itself for you, don't be discouraged by price depreciation, jut keep buying, don't sell your bitcoin early for any reason, have an emergency fund ready to protect your investment from early selling, buy consistently and hodl for dear life.