Its really no sense to buy if the price starts to rise if you are in trading since actually that is bad action to made since its like you are buying at FOMO and might lose your money if sudden correction came.
But we are not actually talking about trading here and our aim is for long term so buying at what price either it start to rise or not should not be a problem. Since we are not targeting small gains but rather our main goal is to get volume as we can especially that we aim to accumulate lots of Bitcoins until we hit our target years for our investment.
Also good if we can buy Bitcoin at the lowest point but there's no sense of waiting for that situation since its like we are wasting to much opportunity to accumulate more volume especially that we don't know on when that price dip happens.
You don't fully understand the situation. Let's say we do DCA by buying Bitcoin every week on Sunday at 18:00. On Sunday morning, a pump started and prices increased by 10%. If you get FOMO and buy the coin in the morning at the 10% increased price, you will break your strategy. At 18:00 in the evening, the 10% rise could give back 5%, because it was a sudden price change.
Now who benefits more in this scenario, the one who sticks to his plan or the one who got FOMO? This has nothing to do with trading. Everyone wants to increase the amount of coins. Those who stick to their plan will be more successful.
Each person is in charge of their own plan, and so if any person strictly wants to stick with buying bitcoin at the same exact time every week, then that is their choice. If they build flexibility into their plan that is their choice also.
I would hardly characterize someone who might choose to adjust their buy time every week in order to attempt to capture the maximum dip to be engaging in FOMO buying.
FOMO buying tends to occur when folks employ waiting strategies, such as trying to buy the dip and perhaps overly holding back their BTC buys and not doing BTC buys on a weekly basis.. and so they may end up having a lot of cash building up and the BTC price not sufficiently dipping and perhaps when the BTC price goes shooting up, such person ends up getting nervous about the BTC price rise and ends up buying based on emotion rather than employing a strategy that is not causing situations in which he might end up becoming emotional about his investment.
My first year in bitcoin (mostly in 2014), I pretty much had a weekly BTC buying budget and I also had some other extra BTC buys that were attempts to buy dips, yet even with my weekly buys I employed them manually and so I was attempting to buy dips, and so you can imagine that after doing that for a whole year or more, there were quite a few times where it was uncertain if the BTC price was going to dip or not, yet part of my plan was to make sure that I employed my whole weekly allowance before a certain time of the week, and so I did not carry over earlier week allowances into the next week, since each week would have a new allowance.
I can recall that I was not even 100% strict with my execution of my plan, even though I mostly tried to conform to the parameters of my weekly buying plan and to make sure that I spent the whole amount for each of the weeks prior to the deadline.
I have come to believe that when we are buying bitcoin over a relatively long period of time, it is going to tend to not make a BIG difference even if we are attempting to hold back to buy dips, over time the amount of bitcoin accumulated is not going to be very different either way, and so likely it mostly remained important to be striving to just buy every week, and to make sure to keep building the bitcoin holdings (the stack size), since if our bitcoin investment time line was 4-10 years or longer, a lot of times we are not going to end up really seeing great benefits until several years down the road and after we had already spent a decent amount of time accumulating bitcoin and our cost per BTC likely ending up being lower than the bitcoin price at later points down the road - while at the same time, realizing that none of bitcoin's price performance is guaranteed to be profitable, even though bitcoin's investment thesis continues to get stronger and stronger and stronger with the passage of time.
So it is smart to continue to buy over long periods of time, whether our average cost might end up being higher or lower depending on how many mistakes that we might make.
One point of comparison is to just compare our own situation to someone who had been strictly investing for similar times as us. Even with your forum registration date, if we anticipated that you could have had been able to invest
$100 per week since your forum registration date for the past 10-ish years (congratulations), then by now, you would have had invested $52.3k into bitcoin and you would have had accumulated close to 29.5 BTC.
Surely there are various ways that you could have had screwed up over the past 10 years, but if you had been mostly accumulating bitcoin for every week over 10 years, it becomes difficult to consider that any particular week is going to be devastating to your ability to have had been able to accumulate bitcoin whether you were trying to buy on the dip for each week or you were just buying each week on a specific date.
Of course, if you were trading or if you were holding back buying for extended periods of time, it becomes difficult to see if your performance could have had been better than someone who had just been regularly buying BTC, whether or not there might have been a little bit of variance in some of the weekly buys.