So something has been bugging my mind since and that's the fact Bitcoin is getting too expensive for new folks like me to buy and it really put me on the edge to meet up with my target since am way behind plus the fact that I just got into the investment market not long ago, so my question is, should an investor wait for the Dip knowing fully well it's around the corner or just go straight with your DCA or better still again buy big with cash invested on something you know isn't working out cause it's really looking as if my portfolio isn't growing that much.
As an investor whose strategy is focused on long term goal, you don’t have to be distracted with the idea of when to buy bitcoin, if you’re to buy when bitcoin is low or when bitcoin price is high, it’s only someone with the mindset of trading just for a quick profit, and if that’s the case I’m sorry you aren’t qualified to be an investor rather you’re just a trader who feels that bitcoin is where you just come sneaked in today and you’re expecting to make profit immediately, my dear that’s a very wrong approach and mindset to start with especially as you said you’re a newbie. As a newbie who wants to venture into bitcoin investment, bear in mind that Bitcoin investment is a long term investment and at such your focus should be set on the long term goal which means you have to continuously and consistently accumulate your investments, it’s not news that the bitcoin price is moving so fast and you’re already feeling so uncertain about your self, as an investor who believes in the long term potential of bitcoin , worrying about the perfect time to buy or waiting until its dip before you buy, isn’t worth it as long as you have your discretionary income, you can buy smartly using the DCA method and at that point you don’t have to worry about timing the market. One thing I like about bitcoin is that even as it’s getting expensive like you said, you don’t have to buy the entire coins, with just a little money you can still get on your bitcoin investment and accumulate consistently and build up your portfolio.