⭐ Merited by JayJuanGee (1)
I don't know why some folks are blind to see that Bitcoin presents us with a lot of opportunities, one that rarely comes. Yet, they don't take the chances when it come and at times, they are not prepared which is why they are still far from their goal. Although it shouldn't be a problem as they buying on dips is not actually the primary method of investing. It is only a backup method to aggressively reach our target faster.
What do you think about the dip last 2 weeks did you take advantage of it my friend?
Bitcoin has been trading over 100K earlier this year and at that time people wished that they could buy it if it reaches 80K or 90K but when we dip, no one is willing to buy. The reason is that there is too much fear in the market and it is all created by plan so that the retailers don't accumulate the dip but rather sell in these times. Retailer has been taught wrong that crypto is a quick rich scheme, it is not. Its pay only if you can hold the Bitcoin BTC with patience.
Waiting for a dip is not the way to start Bitcoin investment. Instead, seeing a price dip as an opportunity to buy is a better approach. Waiting for a dip often leads to procrastination. Even if someone sees a dip as a chance to buy, they may end up hesitating, influenced by predictions that Bitcoin will dip further. This mindset leads to endless waiting for a "final dip" that will never come because nobody can accurately predict when or where Bitcoin's price will stop dipping.
I have a friend who planned to buy Bitcoin during the bear market two years ago. His plan was to buy when Bitcoin's price dropped to $30k. When the price eventually reached $30k, he decided to wait for a further dip. This cycle of waiting continued, and in the end, he did not buy any Bitcoin during that period. He later regretted it as Bitcoin's price increased significantly.
Now, I’ve made him understand that waiting for a dip is just a waste of time. Instead, the best approach is to see any Bitcoin price as an opportunity or to apply the DCA (Dollar-Cost Averaging) method to accumulate Bitcoin gradually. He recently started doing this and has already accumulated a good amount of Bitcoin in his wallet.