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
For your own good, it is better if you do not get distracted, and if we go by your forum registration date, you have been potentially buying bitcoin for nearly 1 year and a half, and it is better that you keep buying for a whole cycle or longer and don't get distracted by the price. The fact that you are buying means that you are ahead of 99% of the world's population who has not even started to buy bitcoin yet.
Being a dedicated investor who is just entering the bitcoin market newly, the increase of the bitcoin price should be one attractive reason why we must follow the bitcoin investment trends. Perhaps when you see others accumulating hugel, your small amounts purchased can better you than those who are missing out the opportunity. Besides, there is no competition in the investment process and that is why we should always invest what we can afford to tolerate (overlook) in a long term while stay firmly buying as much amount we can afford.
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.
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An investor must know what is ahead of him as task to do in other to have a stress-free investment in bitcoin, this comes first by putting into consideration as many as possible of the things that needs to be done on different areas of investment, this begins with learning, years of experience, the capital needed for an investment, risk management factor,
how to read the market and speculate, when to buy and when to sell or hodl.
Yeah it is good for an investor to foresee the future by placing thing in otherly manner against or ahead of the future to have a stress free investment, this includes risk management accesment and accurate financial planning to avoid mismanagement of fund. But I don't agree to the last paragraph which emphasis of reading the market and speculating time to buy and sell. I don't think his is necessary for an investor. An investor who buy Bitcoin on DCA does not look at the market if surely he has a long term investment plan. Or has nothing to speculate about since Bitcoin is already a volatile asset. It is important to buy with what you can afford to lose either weekly or monthly
through DCA buying the dip or lump sum
when therewith your discretion fund if the money is readily available. You surely sound like a trader or a person who has a short time goal, because those who have short time goals only check the market when to buy and sell and make profit. They jump in and out just for the peanut.