Quote from: bitcoin_mining on Today at 09:45:00 AM

Quote from: Proty on April 21, 2025, 06:30:48 PM

Quote from: Y3shot on April 21, 2025, 05:15:08 PM

I would like to ask you some questions
1. Is waiting for the dip worth it?
2. What if the actual price when you started waiting for the dip is the dip and while waiting the price of bitcoin increased, don't you think if you had bought would have been the best.?
3. What if you see the dip and the dip is so dip and you think if you buy the dip the price of bitcoin will still go dip, because one thing about people who wait for the dip to buy bitcoin, they normally have a specific dip that they are so interested to buy, and if it is not their prefer dip they won't buy.

Why don't you just buy bitcoin anytime you have opportunity to buy and if the price also go dip it is also an avenue to buy more bitcoin than waiting for the dip. People who wait to buy bitcoin in the dip don't understand bitcoin and they may be getting it wrong.

I believe the main reason why most newbie prefer waiting for bitcoin to dip before they can start accumulating bitcoin is because they fail to understand that they can be doing decaing and at the same time keeping some part of there disposable income for buying the dip .Also it is mostly traders that prefer waiting for bitcoin to dip before they can start accumulating since they are into bitcoin for quick profit so they will want to enter into the market when it is favourable for there short term goals.Finaly an investor is not limited to only one of the strategy ,an investor can combine two or all of the strategies during bitcoin accumulation.so waiting for a desire dip morespecially for a low or no coiner is a very bad idea since they need to be persistent in there bitcoin accumulation inorder to have a good stash in there portfolio.

New investors generally do not have a good idea about the advantages of long-term investment, and those investors are not aware of DCA investment. So, if through your discussion they know about the advantages of long-term investment and know about DCA investment strategy, then I think every new investor will invest in a long-term plan at the beginning of the investment and will maintain the continuity of that investment in the DCA investment method.

Now, what you said first that every investor in a new situation waits for the price of Bitcoin to come down relatively, it is natural for investors to do so because the lower the price of Bitcoin they can buy, the more the profit potential will increase if the price of Bitcoin increases later. However, we do not know how the market may change or at what point the market may go up again, that is why we have to invest continuously so that when the price increases, the investor has Bitcoin investment everywhere.

Exactly, I've come across many people that thinks Bitcoin is very costly and they'll only wait for it to get lower before they start buying, I don't blame them cause they're very ignorant if they know about the DCA I don't think they'll bother about the price of Bitcoin or even wait for the price of Bitcoin to get Lower before they buy, no matter how they wait, Bitcoin can't go as low as $100 or even $1k or $10k so what's the point of waiting, that's why I thnk they're ignorant if not they'll adopt the DCA and buy Bitcoin periodically and set a budget according to what they earn whether weekly or monthly, that's why the DCA is very good for newbies, doesn't matter whether you're poor or not and you don't need to wait to buy Bitcoin when it dips.