Please take a look what I am saying and understand what I bold.
As a new investor in the past, I considered to buy Bitcoin when the price is down. I was too worried with buying at a peak because I don't know if the price will still up or it will down suddenly. That happened to many new investors. By research and find the best time to start invest in Bitcoin, he will know when to start his investment.
If they already understand how to do DCA, they will still buy Bitcoin even if the price is high. They will be more understanding about DCA when they research and learn more. However not many new investor have the basic knowledge about Bitcoin or the volatility of Bitcoin price. So when they buy at high following their DCA strategy, they will still desperate and think they make a mistake.
That means, for new investor they are lack of knowledge about investing in Bitcoin and even they know about DCA, they still need to learn more details so they can have more knowledge and improve themselves. Until here, I hope you understand. But if not, hmm I don't know what I have to say.
I guess there is a misunderstanding here between the word "
As a new investor in the past" that I am saying and "
if they already understand how to do DCA, they will still buy Bitcoin even if the price is high" which is two different people.
You fail to understand the reason why people are investing in bitcoin, we are not investing in bitcoin because we want to buy bitcoin at a cheaper price continuously, because if you think so, you will end up having very little size of bitcoin in the future. Bitcoin is a future investment that has the possibility to multiply your wealth in future, so why wasting time to start researching to know when the price is high or low when you are already investing with DCA weekly and you will always know the price of bitcoin.
Investing and accumulation enough Bitcoin so that you can reach your bitcoin target so that in future when bitcoin is very expensive, you will be have that you took advantage of the opportunity now to accumulate enough Bitcoin, instead of regretting later.
Have a bitcoin target and stay focused on accumulating regularly, continuously and ongoingly without distraction so that you can achieve your goal earlier than later. You should also focus on how to increase your income by looking for other means of income so that you can invest aggressively is better than looking for how to buy bitcoin cheaper.
I am telling you from experience, I have been buying bitcoin from "$32k till even when bitcoin was $100k and I am still buying weekly. I have never regretted for buying at whatever price bitcoin is because I am seeing a big improvement in my bitcoin portfolio size which shows progress in my bitcoin investment. I started as a new investor in 2023 using DCA method.
It's a wrong advice to say that a low coiner or no coiner should wait for the dip before they buy because you feel that bitcoin price is high.
I agree with DCA method works best for those who want to invest in Bitcoin even I used that for myself. But for me, while I doing my DCA, I watched the price moves and not stop buying Bitcoin when the time to buy come, no matter what is the price now.
Let we assume we are new investor and not have much knowledge about DCA. Do you just buy Bitcoin and follow what you understand without learning more related to DCA? There is two option that we will take.
1. You still buy Bitcoin using DCA following your understand without learning more.
2. You buy Bitcoin using using DCA but you want to learn more related to DCA so you can know more about that.
If you have more knowledge about DCA and the market situation, you can apply that for your investment.
Is checking the market conditions before buying with DCA a mistake?
~snip
Throughout your post, you seem to be overly preoccupied about BTC price movements, and trying to figure out aspects of bitcoin, which seems way less important for any newbie, especially in his first cycle or two of ongoingly accumulating bitcoin - hopefully within his discretionary income.
I am not opposed to guys learning various basic things, yet likely they have to learn about their own finances and psychology more so than trying to figure out details about bitcoin, beyond that it is volatile and price tends to go up over time.
They can learn about
their individual factors while they are investing into bitcoin.. but they need to get started, don't get worked up about the price, and perhaps consider that they will be buying bitcoin for 4-10 years or longer, unless they are able to front load into it. Most people are not able to front load into bitcoin or into any other investment, yet if they are able to front load into it, then they might not need to remain in a strict accumulation stage for 4-10 years or more... but surely they have more options when they have actual lump sum money available... which would allow them to consider their three buying options of DCA, buy dips and/or buying right away.
So that's no problem, right?
Besides, we assume new investors will not have enough knowledge as the veteran as you or others. How come they will make a big profit in the future if they don't learn more about what they do including how to manage their psychology especially when the bearish come? That is the basic.
Many people fall from their DCA when the price suddenly drop too deep and seem can not rise again. But only small percentage who can enjoy their big profit and that is those who have much knowledge.
They can still running their DCA but they can also buy more amount when the dip come so they will have more Bitcoin amount.
~snip
How is your system working for you? You have been registered on the forum for nearly 10 years, so presumptively you have gotten enough bitcoin by now yet maybe if you have ongoingly been employing whimpy bitcoin accumulation strategies, then you are still fucking around with accumulating bitcoin, when maybe you should have had been able to get enough by now?
Let's say that you had aggressively bought bitcoin since the beginning of your forum registration - let's say 15% of your income invested into bitcoin no matter the BTC price, then where would you be right now?
Let's say that you had an income around $35k per year, and you were investing $100 per week (which is $5,200 per year) and that would be 15% of your income, approximately and truly doable.
By now
you would have had invested right around $51.2k (close to 150% of your annual income), and you would have had accumulated just over 25 BTC.
Ok, I will make it simple.
I started invest in Bitcoin with my own money, my salary when I was an employee in a company in 2017. With $240 per month of the salary equal to $2,880 annually, I can saved $20 per month to be used as Bitcoin investment. This is not related from what I earn from forum or other income because that income was for my daily needs. Unfortunately, the daily needs cost become expensive day by day but I can filled that.
At that time, I am not aggressively invest in Bitcoin because I must filled my daily needs. That was a difficult moment for me but I still invested in Bitcoin.
Yes, I have enough Bitcoin right now and I can change my family life better. And I wish I can earn $1.2 million from Bitcoin investment. But that will not be a matter for me because I still accumulate Bitcoin using DCA. Thanks to Bitcoin and DCA.