That is it and you have really give a good advice. I think we are going to have another trading cycles soonest and buy when bitcoin or others coins goes down again is the right things to do. I wish we understand all the investment opportunity in cryptocurrencies market and takes the advantage of it and makes money.
Exactly but alot of people are still scared of buying knowing fully well how profitable they can be when it finally favours the market,and if so buying when the price is down abit is a perfect decision to make regardless studying the market is another thing to consider cause crypto is broaden and at such a you need to broaden your knowledge as well inorder to be profitable in the long run.
Accumulating Bitcoin when the price is low could only be a perfect decision when you are consistently and persistently accumulating Bitcoin using the DCA strategy and not waiting for the price to drop before accumulating Bitcoin because if you wait to accumulate when there is a dip is a very wrong decision because you will end up just accumulating little bitcoin since the dip is not what occur regularly,
accumulating aggressively when there is dip and overly doing it and also maintain your regular DCA strategy can be considered as a perfect decision because you bought enough Bitcoin when there a dip and hodl.
It's wrong for you to get carried away by the dip and start accumulating bitcoin over aggressively, because you are going beyond your discretionary income to accumulate bitcoin because there's a dip. When you are over aggressively accumulating bitcoin, you are not investing but gambling because you are using the money for your important needs to invest in bitcoin and when your need arises, you will sell your bitcoin in loss, if the price is below the dip price that you bought.
This is why the DCA method is good, effective and efficient because as long as you're consistently an d consistently buying regularly weekly, you will also buy when there's a dip without any problem of over accumulation. Even if you're DCAing, you don't need to accumulate over aggressively so that you don't end up regretting your actions.
My word you bolded was actually a mistake I mean not overly doing it it's actually wrong to be carry away by the dip and accumulate above your discretionary income. You are right and thanks for calling my attention it has been edited.