Quote from: Barikui1 on Today at 08:52:06 AM

Quote from: Rgram on Today at 08:07:32 AM

Quote from: JayJuanGee on Today at 04:34:47 AM

I think that there are a lot of us here, who are active in this thread, who consider buying on dip to be inferior to DCA and also problematic for newbies to get overly caught up about BTRC price rather than just ongoingly buying bitcoin regularly, persistently, consistently and perhaps even aggressively, which is quite a bit more difficult to accomplish with a buying a dip strategy, unless the buying the dip strategy merely supplements the DCA and/or even lump sum buying approach.

Even buying the dip strategy isn’t so easily overcomes especially for those that are new into Bitcoin. You tend to face 2 type of challenges which are,
1. Knowing that this is the dip and price wouldn’t further dip from this point
2. Having faith in Bitcoin to go up as it usually does (you often find newbies in Bitcoin fighting within themselves speculatively).

That’s why, the ‘I don’t care’ what the price is which is usually the attitude about the DCA strategy always works best and is usually achieved rather easily. In fact in a way, it keeps your greed in check because, you look forward to a long term goal rather than short term.

The best possible approach to Bitcoin accumulation by a newbie is through the DCA accumulating strategy because by acquiring Bitcoin weekly or monthly once his discretionary income is available, it will be very easy for him to acquire a very good stash of Bitcoin on the longer run if he is consistent in buying it for like 4-10 years unlike a newbie that is waiting for the dip before buying, because he will be confusing himself if this is the right dip to buy or not, most times they wouldn't even buy at all because the waiting most times can leads to procrastination, because most times they might be double minded if they should buy now or not, and at the end, they will not even buy at all, so it's never a good thing to wait for a dip especially for a newbie, or someone that is still far behind in his accumulation journey.

In fact, due to such activities, an investor will never be able to buy Bitcoin as per their expectations, rather they will always miss out on good buying opportunities, volatility will always be there, so to avoid the harmful effects of this volatility, you must have a consistent buying mindset. If there is consistency, volatility is not an issue, but those who do not buy consistently and only think about buying Bitcoin at DIP price, they will never be able to buy Bitcoin as expected, rather they will suffer more disappointment. Consistent buying is the right decision, just deposit through DCA with full faith in Bitcoin, this will increase your success over time.