Going $103,700 lower from the ATH of $112K is not a much fall but just a fair correction which has given an advantage to buy at a little DIP price considering the ATH it got. I even want the price to fall below $100k so that i can buy more DIPs before the price begins to skyrocket again because even as the price is falling, market indications still give promising signs of a possible retracement back to $112k ATH and above. Buying few more sats before the price rebounds isn't gonna be a bad move.
Bitcoin is said to have fallen, but when you look at the price it's still above 104k dollars. If you look weekly, it's still better than the previous weeks. There is no point in waiting for Bitcoin to fall. Above $100k, you see how solid it is. The longer it stays around here, the stronger it gets. It fell 4 days in a row, but today it's on the rise, and it's still above 100k. There is no need to wait too long, buy as long as you get cash money. Otherwise, you will not know where DIP is.
I say this for those with regular cash flow of course.What about for those with irregular cash flow? Whether those with regular cash flow or those without regular cash flow they should all buy at whenever their is an availability of their investment money, considering the nature of the market at all times waiting is never a good strategy and shouldn't be make use of primarily especially for a low or no coiner that should be buying consistently and aggressively without over doing it, we can be tactical about making such reservations for buying the dip rather than buying right away since there are trade offs about knowing if the dip may or may not happen.
Its like they are saying that Bitcoin investment is only for those rich or financial capable. Since somehow even those people who have irregular cash flow can still invest with it as long as they are fully committed for long term and don't have plans to sell their Bitcoin.
In my own understanding, periodic purchases of bitcoin shouldn't follow a particular pattern, but tailored to the income pattern of the investor. For example, some people might have discretionary income available weekly, monthly, quarterly or even randomly. In each case, what is very important is that you maintain the percentage of your discretionary income you always invest into bitcoin
asat such intervals when you receive inflows and can spread the inflow across weeks if you wish or even lump sum with everything when it is available.
For example, in the case of someone who is a salaried person and gets his funds by month end, when he gets his income, he can remove his expenses for the month, bring out the percentage of his discretionary income he invests into bitcoin, divides it into 4 places and spread it across the month on a weekly basics. He also uses the remnants for other variances of backup funds including emergency income and floating cash.
Again for someone with an irregular cashflow, all he needs is to have a percentage of his discretionary income he invests into bitcoin and wen his funds come around, he invests that percentage immediately or spreads it across a period in time, while he still builds backup funds too.