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..
Reading charts is a total waste of energy especially when an investor claims to be a long-term investor. I also think that the cause of that trend should be in accumulating with non discretionary income or traders mindset. Some newbies play too Safe to succeed by always likening bitcoin investment to some unrealistic ventures like Ponzis and shitcoins and failed to understand the real difference between bitcoin and other online trades.
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That is why is advisable to newbies using dollar cost average (DCA) to accumulate bitcoin from the market, and it will allow such newbies to gain access to huge amount of income in the bullish season, I believe we all notice that the price of bitcoin has dropped down to $115k few hours ago which is another opportunity for investors using this Dollar cost average (DCA) to make use of the opportunity in this low price to increase the amount of funds they are using weekly or monthly to accumulate bitcoin
This your statement does not favour the DCA strategy and you have only described buying the Dip. Such dips does not really matter so much to a DCA strategy investor because this has just taken place in less than a week of which it's very possible that an investor would miss buying at that amount on that day as you advise which does not also make the investor an incompetent investor but a disciplined one.
It would be more acceptable if you encourage aggressive buys during the supposed dip. This aggressive buys would be good if someone has a spare money possibly set out for such opportunities or if the person eventually has an extra income. Whichever way, it is good to understand that dips can happen anytime. Your tone of enthusiasm about buying at $115k was that of a FOMO investor and just in less than 8 hours we're at $114k. This is the reason why you should learn to manage your anxiety in bitcoin investment, follow your DCA strictly and only trying aggressive buys when you are sure you have additional money or lesser responsibility. Dips will always occur and your DCA period can always land on dips sometimes.
but never you be in a competition with anybody in bitcoin investment because your financial status is different from other investors, invest what you can afford to lose in bitcoin investment which is my advice to newbies.
You're very correct when you said an investor is not to be in competition with anyone due to difference in financial stabilities. Some people end up measuring their success with others which is not right because even if you earn same amount with someone, it's not a guarantee that you have same pace of progress because responsibilities differ and your colleague might have a different income source without telling you.
However, saying that an investor should invest only what he can afford to loose in bitcoin sounds like a trader's advice. When someone's target is a long term holding up to 4 to 10 years time or more, the chances of loosing assets are nearly erased as he stands greater chances of making good profit.