In fact, now it is not difficult to understand about investing after we know one of the best assets like Bitcoin because everyone who wants to become an investor by investing in Bitcoin can immediately find out how to invest and also find out about what methods can be quite suitable for him because each method will definitely have an impact and effect when someone has run it more consistently. And for those who have started investing in Bitcoin since 2020, maybe they already understand the market cycle quite well and also understand how to invest in Bitcoin because basically they just have to be patient and also try to be consistent in buying Bitcoin without thinking about the price being high or low when making a purchase.
Actually all that is needed is that one is simply aware of Bitcoin and how to invest by DCA or buy the dip and he will have a good point of access. Hoping that you have to know a lot of things and only then you should start is not a good option. It is a course by experience. Experience is gained through doing, by failing in some cases and… then changing tactics. Another thing that I concur with relates to consistency being underestimated. Just as long as a person just adheres to something, even a plan as simple as that and is patient, he or she will most likely succeed as compared to a person who always tries to time the market. Frankly speaking, it is a matter of mindset.
Honestly, I feel like the main thing we should give more attention to is accumulating Bitcoin. That is actually the whole point. Buying the dip sounds nice true, yeah, but the truth is it does not help you build consistently TBH.. Most times, we keep waiting for some perfect dip that never comes, and in the process, end up not buying anything at all.
I would say even if you want to buy the dip, try to mix it with DCA. Just set something small and stick with it, whether the market is up or down. The good part is that It builds a habit. that habit of just showing up regularly, no matter what the price is doing, this will make a difference in the long run.
A lot of us underestimate how powerful consistency is. We all know that stacking bit by bit and letting time do the work is way better than trying to catch the bottom and all that..