Re: Buy Buy Buy or Sell Sell Sell?

On the other hand, if we are already investing on a regular basis and then we are holding back some money in order to later buy on the dip, then that could create some of its own levels of complications, and it is not necessarily unreasonable to hold back some money for potentially buying on dips, especially for people who might have a lot of discretionary income and/or for a person who might have had already accumulated decent amounts of BTC. Holding back for dips does not seem to be a great plan for guys who either don't have a lot of discretionary income and/or for those guys who are fairly early in their bitcoin accumulation journey (and/or earlier in their building of an investment portfolio).

That is the fact. As far as someone doesn't always have much discretionary funds coming always and they have not accumulated a lot bitcoin is a bad idea for such to want wait for more dip.so they are focus should be on accumulating without trying to hold back any money for further dip but just focus on buying.If someone tries to practice that, they will find it hard to build a good portfolio.The only thing they can do is to make use of the DCA strategy, but not wait for more dips, especially if they are an early investor who hasn't accumulated a reasonable amount of Bitcoin.

New Bitcoin investors shouldn't try to keep some discretionary funds just to get the dip. Otherwise, they can easily turn into traders by waiting for a dip. Even if they are lucky, they may think that when Bitcoin pumps, they will just wait for another dip, which is very wrong. They can keep doing that, but in the end, they might not build much in their portfolio.

I am just suggesting that there is a lot of waste of time and energy to be focusing on prices rather merely making sure that regularly buying is heppening.. perhaps weekly is good, but of course there is a need to make sure that there is sufficient income to be able to buy every single week..

Yes you’re right about the suggestion because not only that a lot of energy and time are being wasted in the period of an investor focusing on market prices, also the investor risks the opportunity to have used that time to gradually accumulate a reasonable amount of bitcoin stash in his portfolio using just his discretionary income thereby enabling him to gradually build up his investment portfolio. It’s advisable to set our mind on the long term goal of consistent and persistent accumulation of bitcoin so as to save us the stress and time wasted in looking at the market price. If an investors initial strategy is focus on the long term goal of investment, I don’t think there will be too much focus on the market price, rather his focus will be only to be able to figure out his discretionary income to continue accumulating bitcoin either weekly or monthly basis using the DCA method of accumulation, with the knowledge that the prices of bitcoin will continue to go up even it goes down at some point. Only those who are in for quick profit always waste time in focusing on the market prices and only accumulate bitcoin when the price is low so that they can sell it off sharply when the price goes up slightly, and if they wait for sometimes and the price didn’t go up immediately as they targeted, instead it keeps dipping, they will start panicking to sell just so they can be able to recoup their capital and they end up selling when is not yet due and even risk a chance of losing their capital. These mindsets are only characterized by traders and not true investors.