Well price of Bitcoin is down more then 4 percent in this last week. And 1 Bitcoin now is 103,700. It is alot lower then the all time high we did just see price point of 112k.
It is a good time to buy some cheaper sats if we have some fiat. We do know price of Bitcoin will go back up to all time high of more then 112k. So I think it is good to make some easy profit when it does happen like that.
Your statement seems quite confusing, Buying the dip always presents an opportunity to accumulate more bitcoin in our portfolio but it necessarily doesn’t mean that we have to acquire when there is a dip, consistent acquisition of Bitcoin is more likely to be prioritized, for sure when there is a dip the price will definitely increase at any given time but it’s not always guaranteed, but if we are investing to make a profit like you mentioned then I must say your illustration sounds like a trader, long term investment strategy is always emphasized here and that is the most valuable and effective Bitcoin investment strategy to help and shield from some risk, And buying a dip and when there is an increase then you grab your opportunity with your bulk profit is more of a trading strategy, long term investment and holding is more prioritized for someone who wants to have a successful investment in Bitcoin.
Yes you are right, trying to buy when the price of Bitcoin drops and waiting for the highest ATH is a trader's plan. A long term holder never plans like that, long term investors always try to buy Bitcoin in DCA method. If someone invests in DCA method on a weekly basis then he does not have to wait for the price to drop, because he will be able to buy Bitcoin at more or less average price. So if you have a long term plan then there is no need to focus on the market, always keep buying Bitcoin in DCA method.
A long-term investor who regularly buys through DCA and a short-term trader who always tries to buy at a low price and sell after a small increase, of then, only that long-term investor have the higher chance of making that most big profit in the future.
A short-term trader always tries to profited by buying selling strategy, they wait for the price to fall to buy Bitcoin, and after buying, they wait for the price to pump up to sell again, but as a result, most of the time they face unexpected big losses.
For example, after buying now, they wait for the price to rise to sell later, but due to the volatility of Bitcoin, the price drops more than the price at which they bought Bitcoin, so they end up facing losses. Again, it often happens that, when they wait for the price to fall to buy Bitcoin, but instead of the price falling at that time, it pumps even more, so they miss the opportunity.
All in all, short-term traders can never always make profits as they expect. Due to market volatility, prices always fluctuate beyond their expectations. But a long-term investor never has to face such a situation, the only target of a long-term investor is to build a portfolio by buying regularly. They never have to worry about the market price.
And by holding for a long time like this, they can make the most profit from Bitcoin after the next 8-10 years. The amount of profit that a long-term investor can make by holding for 8-10 years, a trader can never make the same amount of profit as that long-term investor by trading for 8-10 years. Because that trader will make profits sometimes and face big losses sometimes, and after this goes on for a long time, the probability of a trader being in loss is highest when calculating profit and loss.
Dca strategy is one of the investment strategies. By adopting the DCA strategy, you can place low-risk and clear investments. By adopting the DCA strategy, you will be able to know and understand investments more accurately. People always look for good and high-quality risk-free systems for investment, there are very few people who have lost their investments by adopting the DCA strategy. Because this strategy is able to maintain the market. If you want to invest in Bitcoin, you either have to invest for a long time, or you have to adopt the DCA strategy. But whenever you invest in Bitcoin, which is known as the best and most expensive currency of the time, no matter what. Of course, take the advice of the inexperienced. And try to read more in the forum. This will help you understand how you can become a successful investor by investing. Once you start investing, you will be able to learn and understand more.