Re: Buy Buy Buy or Sell Sell Sell?

I think it's too early to buy when the markets are this bad and the same blood has spread to Bitcoin, I'm not sure we haven't seen the bottom yet.
I have some cash set aside for bad days like this, maybe I'll buy it gradually or wait to see the bottom.
Even in the current economic situation, I think Bitcoin has remained quite solid, isn't it clear from the current situation that it will get much better results in the future, if I can buy Bitcoin cheaper, I will automatically perceive it as a great thing.

What makes it too early to by bitcoin now?, and what do mean by the bottom, is there a fixed DIP price to be called the bottom? If the price of bitcoin is falling, it is a time to buy more bitcoins if you have reserved funds but you should not empty your reserve, what you will be doing is to buy at every DIP price that is if you have enough reserve funds in your discretionary income. So you buy at every DIP price continuously till the price begins to skyrocket again then you can just focus on your usual DCA. Already, the market corrections we are seeing now is advantageous to those who have been waiting for a DIP and those who have been waiting to buy more bitcoins when the price falls, so it may look like the decline in the price is affecting the market but somehow, it is a blessing in disguise and when you will know this is when you have acquired now and hold for a longer period of time when the price will skyrocket again are possibly get a new ATH.

I agree with you that buying Bitcoin at DIP price can be a good strategy. It is better not to completely empty the reserves that it has so that it can deal with any difficult situation in the future. The volatility of Bitcoin price is a challenge for investors. Investing in the DCA method helps to deal with market volatility. It is better to buy and hold when the price drops, but if the price drops further after buying, you need to be mentally prepared. If the price increases, it will be profitable, but Bitcoin is such a volatile market that it is difficult to say for sure when the price will increase or decrease, so you always need to have a long-term view and a strong attitude.

I still don't get what he means by buying the bottom, these are the set of people that would be preaching about waiting for the coin to go dipper before buying, why set aside funds and wait for the dip when he can actually do the DCA with it and still buy whenever a dips occurs, I don't know about what others may think, it's their choice anyways but I'll never support or say that people should wait for more dips before buying anything can happen and the market would be green again thus making you miss an opportunity of buying cheaper cause you're waiting for the dip, to avoid regrets it's better to start buying now since volatility makes it difficult to predict accurate outcome of the market at a given point in time, the current dip is a huge opportunity and people should use it wisely instead of waiting to buy more dips.