It is important for a person to always gain knowledge and analyze the market well to invest. Moreover, if you invest in the market, it is very important to hold that investment for a long time, we know that the crypto market can change its form at any time, so it is wise to keep it Hold without selling it.
Before investing, we need to adopt some strategies by which we can always protect ourselves from losses. For example, when buying in the field of investment, buy from the dip and hold it, the market often goes down, then there is a slight decline, but here it is very important to hold the investment for the long term with patience and faith. When we invest in Bitcoin from the dip and hold it, we can profit when the market enters the high in the future.
Just buying and holding will not complete our investment, in which case we need to always hold Bitcoin. No matter what position the market takes, it is the religion of an experienced investor to hold it for a long time without selling it. Moreover, when entering the market, buying Bitcoin using DCA reduces the possibility of loss, so we have to invest carefully while investing. Whether the price increases or decreases, it has to be held tightly, in the case of investment, a strategy has to be used where buying from deep and holding it patiently for a long time.
Moreover, it is very important for us to always do careful research while investing in the market, especially when investing, it is even more important for everyone to DYOR. Whenever a person uses his own experience, that person will be able to gain good knowledge and experience about the market and make his investment successful.
You don't need to emphasize on buying at the dip because that's not a good strategy in which you can use to grow your bitcoin portfolio in a fast pace over time
. This is because it keeps you waiting in the ballpark for no reason and you will miss out the opportunity in the market of buying immediately and keep on increasing your portfolio with weekly DCA.
A new investor should only focus on using DCA method to build and grow his bitcoin portfolio for 4-10 years and above as long as he is consistent, persistent and keep his accumulation ongoing till he reaches his bitcoin target. It's not only when you buy at the dip and hodli that you will be in profit in the long run. Whatever strategy that you use will put your portfolio in profit in the long run and that's why you need to focus on increasing your bitcoin portfolio and your income so that you can invest aggressively if possible.
If you wait for the dip before buying, you will end up with very little bitcoin in the long run because the dip is unpredictable and you might not be prepared when it dip comes, if you have used part of the money that you wanted to use to buy at the dip. Another thing is that, it's not good to hold back too much fiat that you should put at work through bitcoin investment.