Quote from: Silikiem on Today at 01:56:29 PM

Quote from: JayJuanGee on Today at 01:34:30 AM

I doubt that Wind_FURY feels sad. He still thinks (at least that is what he says) that waiting for the dip is a better strategy instead of buying bitcoin regularly, persistently, consistently ongoingly and/or even aggresssively. Historically he missed out on a lot of bitcoin buys and he also believes that what he is doing is best. From my perspective, he seems to be in denial.

Well, the mindset of waiting to buy only when the dips occur is not a better strategy to invest in bitcoin for someone who really wants to go far in bitcoin investment. As a matter of fact, I think that the only thing that will make someone to have such mindset is simply because the individual is focusing on trading for quick gains and not really investing for the long term goal, meaning that the individual is not seeing bitcoin investment as a long term investment which is a very wrong mindset . The moment an individual sees bitcoin as a long term investment, then the individual wouldn’t wait to buy only when the dips occurs in the sense that you won’t only be denied of some investment opportunities, rather it will also make you a very lazy and unserious investor who might end up not even continuing with your accumulation or investment because you’re waiting for the dip which may never occur and you will just give up on the process. Instead of waiting for the dip to occur, that time you’re waiting would have been used to accumulate little by little and gradually build up your portfolio, and along the line as you progresses and if the time to buy the dip presents itself, it would only be an added advantage. So for me I do not support the mindset of waiting to buy in the dip, is never the better strategy for an investor whose initial strategy is focused on the long term goal of accumulating and holding, rather it will only be an added advantage to the investor to accumulate when the opportunity to buy in the dip presents itself.

DCA method is very effective and efficient in for a gradual bitcoin portfolio growth overtime, because it kills the spirit of delay in buying more bitcoin and waiting for nothing like someone that is lost in the ballpark. This is why a new investor needs to figure out how much of his discretionary income that will allow him accumulate bitcoin in a consistent and persistent manner for 4-10 years and above. That is the amount that he should use to start buying bitcoin weekly and keep his bitcoin investment ongoing till he reaches his bitcoin target in future.

Bitcoin price has dipped to $117k+ currently, I know that most people using waiting for the dip to show their unseriousness on accumulation bitcoin will still complain that the price hasn't dip to their expected price and still miss out from this opportunity again. Waiting is not a strategy but a barrier to move forward in order for you to strengthen your financial situation in future. DCA gives you the opportunity to buy bitcoin both when the price is high and at the bottom line of the dip which those that are waiting for the dip wouldn't be opportune to buy at the bottom line of the dip.