As I check Bitcoin's price and see that it has surged to another ALL TIME HIGH, I feel both happy and SAD.
Why?
Because the more it surges higher and higher from here, the higher possibility that we may never have the opportunity to buy Bitcoin below $100,000 again.
My next major Bitcoin purchase will be below $100,000 IF we are lucky to see it there again.
You should have regrets for waiting rather than buying, yet of course, when to wait and when to buy are personal choices.. and hopefully you were not sitting on too much cash waiting for a dip that did not end up happening.
I agree with you sir that buying of Bitcoin is base on any individual choices and yet some of the investors are still holding back watching and waiting for the dip that meant not end up happening anytime soon, my advise to all newbies and those investors that already have all the knowledge on how Bitcoin works should consider buying Bitcoin aggressively now than regretting later, all in the name of waiting for dip to happened. So it is very advisable to buy aggressively as far as the discretionary income is available.
However, I think that instead of buying aggressively, buying consistently is more reasonable and it is more effective in the long run. Waiting for the price to drop for investment will never be reasonable, because the dump may never come as you expect, but by waiting for that uncertain dump, you will losing the current opportunity which still you have, So the most correct decision for investment is to invest consistently through DCA. Buying Bitcoin aggressively can sometimes be a cause of panic for you, because you are investing a large amount of money, but if the price drops a little due to volatility, you will become very panicked, but in the case of DCA, you will never have to panic, because you will keep buying a certain amount of money consistently according to your ability, as a result, your portfolio will be created at an average price, and your holding will gradually increase over time, so you will never have to panic in case of a large dump. Investors who consistently use DCA over the long term, they have the highest returns, compared to all other investment strategies. so investing in a disciplined, patient, and long-term strategy like DCA will most often bring you better results.
I disagree with you at some point in your statement which I think, buying aggressively is reasonable in the sense that you’ve the opportunity to accumulate and stack up more bitcoin into your portfolio providing that you’re comfortable and doing it caution and you’re not going beyond your discretionary income, well I wouldn’t dispute the fact that we’ve to do it consistently because for someone who want to invest in bitcoin in a longer term and not just for a short term plan it is just wise that we should be investing and accumulating bitcoin consistently which is what is required from us to achieve our goals, perhaps in the long run that I have an opportunity that comes from having more discretionary income, and then in other words that we come across a dip which is an opportunity the the market it is quite reasonable to take the opportunity of doing it aggressively considering that we’ve more chance of buying more with a lower price, and then you’re not waiting for a dip to accumulate but you keep accumulating consistently not considering what the situation of the market looks like, I don’t see any reason why someone who have been buying Bitcoin aggressively would panic when there is a downturn or dip in the price of Bitcoin, instead it presents a different perspective and opportunity to buy more and also doing it aggressively, building a portfolio in Bitcoin is controlled by different mindset, nobody is actually going to make decisions for anyone on how to make Bitcoin investment, but just some essential information and tip on how to be able to build a very good portfolio in Bitcoin, that is why it’s important to have a financial management to invest in Bitcoin to were you can create more opportunities to have more Bitcoin to buy aggressively and consistently both are very wise, buying consistently is good and also buying aggressively is also good provided that we don’t go over aggressive against our expenses. Don’t forget that there are guys who have been in bitcoin for a long time now and they also appreciate buying lump sums because they already have large financial capabilities and they also seems to be doing good. So it’s our decision to choose which methods that are best for us to do it consistently and aggressively.