some dip today
102.7k
There's probably some professional traders taking profit at the current price level. They probably believe it's going to be another phase of accumulation and that their capital might be use more efficiently somewhere else? But if they still want to trade in something else, AND still something related to Bitcoin, then they will definitely like MSTR. I believe it's trading at 1.XX NAV which could go in premium when Bitcoin surges again.
I'm a mere pleb though, simply a shower-thought of what could be possible.
¯\_(ツ)_/¯
You might quite understand that there are some people who would definitely think that this dip that we’re emphasizing on is not at a level that they want or should be thinking of making any profit instead of accumulating more, because Bitcoin is a volatile asset and we can never predict what could be the outcome of the dip, because tomorrow we might experience a different dip and we regret why we didn’t wait to do more accumulation instead we should be more focused on taking the opportunity of accumulating more bitcoin at any given time when the opportunity of a dip presents itself, the opportunity would always present itself because tomorrow might be a different dip so
I don’t really think there is any special or specific time we should be investing in bitcoin, that is why we have the DCA which can enable us sustain our bitcoin investment and accumulate at any given time not considering what the price of the Bitcoin market. So I just think Everytime is best for Bitcoin investment and to continue accumulating. I agree with you because there is no special nor a specific time that we should be investing in bitcoin, if our mindset is long term holding we can invest in bitcoin at anytime if our discretionary income is available using the DCA method to accumulate bitcoin and hold for long term 5 to 10 years or long term.
As for buying the dip,
if we only concentrate on buying the dips we might end up waiting and waiting in other go get a suitable price before we can purchase bitcoin, which we can also end up not accumulating good portion of bitcoin to hold for long term, so instead of waiting for the dip why not DCA.Waiting for the market to dip is not the right way to invest in Bitcoin because by waiting you might miss a whole lot of buying opportunities that should have been used to accumulate a huge chunk of Bitcoin, but in my own opinion, the best way is to buy anytime your discretionary income is available either weekly or monthly, along the line if their is a dip in the market your might decide to buy aggressively during that period if you have the reserve funds to do so, but waiting for a dip before buying is actually a terrible way to invest in Bitcoin because this current price is too cheap comparing to how much the value of Bitcoin might be in 10 to 20 years time from now.
You are very correct, waiting for a dip is very wrong as an investor however is not for a trader a trader wait for dip before he accumulate and then sell when the price of Bitcoin goes up.
If as a newbie in this forum and your plan is to accumulate and hold Bitcoin for long term then trust me waiting for a dip before starting your investment is the biggest mistake you will make because it will delay your accumulation journey and also make you miss different price opportunity.
I will like to tell you that using the DCA strategy to accumulate weekly or monthly won't stop you from participating or accumulating when there's a dip in Bitcoin because your regular accumulation will help you benefit from every dip, but to become more sure of a good accumulation when there's dip you can build a reserve funds so you can use it to accumulate aggressively when ever a dip occurs, while still actively involved in DCA strategy.