Quote from: Zackz5000 on July 05, 2025, 10:14:14 PM

Quote from: Stable090 on July 05, 2025, 08:47:01 PM

anyone planning to invest in bitcoin should just wait for bitcoin price to dump before they invest in bitcoin.

Waiting for bitcoin price to dump before accumulating Bitcoin is gambling and it won't help you grow with your bitcoin investment because you will always want to wait for the price of bitcoin to dip before you can think of buying, you might actually have some expected price dip before you can buy which means you won't buy any if your expected dip price didn't show up, well there is a strategy which you can use to accumulate Bitcoin without necessarily waiting for a dump before you can accumulate, the DCA strategy helps to accumulate Bitcoin at any price level you can buy as you can afford gradually every weeks or months and hodl for long this will make increase your Bitcoin portfolio overtime rather than waiting for a dump.

I agree with you, waiting for the price to drop before investing is one of the biggest mistakes an investor makes, if you wait for the price to drop before buying every time, you will only miss good buying opportunities every time. The most important thing is to be consistent in Bitcoin investment, not aggressive investment, and not short-term investment, only long-term investment through DCA is the most correct strategy. Which helps to collect Bitcoin slowly at an average price over time, only through this strategy you do not have to be stressed during investment, you do not have to be confused by market fluctuations, but rather the portfolio becomes more stronger in the long term through DCA compared to other strategies. So first make your financial situation stable and decide to do DCA, do not wait for the dump and keep depositing regularly, this will give the most effective results in the long term.