Buying BTC when the price is falling is a must for those who are already familiar with Bitcoin because they don't want to miss out on accumulating more Bitcoin. But if they use DCA to invest in Bitcoin, they won't pay much attention to the price. They'll simply focus on buying at specific times and then holding on. They won't be swayed by temptations like selling when the price rises, because their goal is long-term. They could have sold their Bitcoin at $122,000 yesterday, but those with long-term goals won't be tempted to sell. They'll hold on until their target is reached. But some people sell some of their Bitcoin to take advantage of their long-awaited gains, and that's not wrong either. They have their own plans, and they'll certainly be different.
Yes, buying Bitcoin when the price is low does have its advantages, as we can certainly acquire more Bitcoin. However, I think the current price of Bitcoin is still quite cheap compared to what it will be in the next five years. So, buying Bitcoin now won't be a problem if we hold it for the long term, such as 10 years or more. Because if you expect the Bitcoin price to drop significantly again, like before, to tens of thousands, I don't think that will happen again in the future. Therefore, we must seize every opportunity if we want to invest in Bitcoin. Because if we wait too long for the price to drop, I think we're just wasting time and opportunities.
Therefore, as you said, rather than worrying, it's better to just do DCA in Bitcoin, and I think this method is the best currently. Because by doing DCA, we certainly won't feel burdened by investing in Bitcoin. Because when we accumulate Bitcoin over a predetermined time period, it will certainly feel easier to digest. Because, it's like investing and we don't really remember it. Unlike buying all at once or in a lump sum, it's bound to leave a lasting impression on our minds, and the waiting or holding process will certainly feel longer. But if we practice DCA regularly, the holding time will feel much lighter and less burdensome.
It has the most advantage when you are able to buy at a very low price because when you buy when the price is down, then the price is already down, so there will be a difference in quantity, and when you have the opportunity to buy the dip, then that is like one of the greatest opportunities. Imagine those who bought bitcoin in 2021 and 2022. The price has seriously appreciated. and we know that the price will not continue to go up, and it will not continue to stay down, so whenever there are resources to buy, then the best thing will be for them to actually buy. When you don't buy now, the price will eventually continue to go up at a particular time. It will become very expensive, and when you have the money, it is better to buy.
Because now that the price is 118k, before you know it, give it 2 to 3 years, you will notice that the price of Bitcoin will have changed seriously, and that is why it is better to hold for a very long time. You hold to benefit from the change in price. And one of the easiest ways that you can buy is to maintain the DCA strategy, which a lot of people have keyed into because it is one of the most patronized ways that you can invest without stress, which is just for you to have a source of income.
Obviously, it is good when one buys at dip, but then again you don’t have to wait until there’s dip in Bitcoin before buying, that’s why it’s good to buy with a discretionary funds. And DCA method is the best at this point. Bitcoin might not drop below $100k, meanwhile some persons are waiting for it to drop before they can start investing in bitcoin. Anyone who’s familiar with bitcoin will always take advantage of every opportunity available. Now is another opportunity to invest, as a coiner or a pleb and not waiting for a dip.