Quote from: Alpha Marine on Today at 11:59:35 AM

Quote from: Gallar on Today at 07:05:11 AM

In fact, if the Bitcoin price drops, the DCA amount we use should be higher. For long-term Bitcoin investors, a price drop isn't a problem it's actually a good opportunity to buy more Bitcoin. So, you don't need to fear a Bitcoin price drop.

I don't think the amount you invest in bitcoin should be based on how far the dip goes. That may show a lack of planning, and it's not advisable to just make decisions based on how the tide goes, especially financial decisions. If you've originally planned it that you're going to put in a bit more money if the price falls lower than expected, then that's fine, but doing it spontaneously is not a good look in my opinion, except you have a lot of money to spare.
You might actually regret it if you get too greedy because there may be other stuff to do with the money, and then you will put yourself in a tight spot. With DCA, you will keep accumulating as long as bitcoin is dipping, so no need to do more than you can.

You are right, it is not right to invest in Bitcoin or anywhere else without sufficient planning. What I understand overall is that Bitcoin's price has fluctuated over the past decade and has ultimately transformed into the most valuable digital currency in the world. Long term Bitcoin accumulation should be done by following DCA math regularly.I would like to give an example of Bitcoin's past valuation, which is that the selling price at the end of 2022 was $16,531.31 ।This is several times lower than the price at the end of the previous year, as the price of Bitcoin at the end of 2021 was around $46,097.31 The price at the end of 2022 is significantly lower than in previous years, so if someone buys more Bitcoin because of the price and sells it after a year or two, it will be temporarily more profitable for them. But if he didn't do this, he would have been investing in Bitcoin regularly from his income discretionary income . Then he would have invested long term according to the DCA method and at the end of the day his amount would have been higher. Because he sells Bitcoin after two years, he may make more profit, but if he continues to buy Bitcoin regularly for 10 years according to the DCA method, then the valuation of his Bitcoin will increase more than ever before and It will undoubtedly be several hundred times higher. But People who want to get rich quickly invest in the short term and then withdraw when they see the price of Bitcoin rising . As a result Misses out on big profits in the future.

If someone really wants to buy Bitcoin when the price is low just for their own emotional satisfaction, then there is one thing they can do that is, they can regularly invest the money from their discretionary income for Bitcoin accumulation, He can set aside a small portion of the money and save it as a fund. He will use this fund when he feels that Bitcoin is DIP enough now and I should buy Bicoin now. This will make him feel a little better mentally. Let's say someone regularly invests $100 per week or per month from their discretionary income in Bitcoin then they can set aside $10 or $20 of that $100 to buy DIP. But the people I'm talking about, the ones who are actually investing in Bitcoin according to the DCA method, don't pay much attention to whether the price of Bitcoin is going down or up. They just invest regularly according to their plan.

If someone starts investing the maximum portion of their discretionary income into Bitcoin regularly every week from now , Then after 10 years he will get his desired amount of Bitcoin. Then maybe the price of Bitcoin will be so high that he will not have to buy any more Bitcoin with his discretionary income. Because then he will have got his desired profit. And from there he can withdraw as per his needs.

Source: https://charts.bitbo.io/price/