Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
ZeroVinsonN
on 02/08/2025, 11:26:59 UTC
⭐ Merited by JayJuanGee (1)
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).
Agreed, a newbie in bitcoin investment trying to save up for a DIP when they can just keep buying doesn't seem like the best of idea, even more so when their discretionary income is also on the low side, buying the dip is good when you already have a good stash of bitcoin and you are already a veteran investor and still DCAing if you want to,
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, 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.
This is all too contradictory and confusing, Increasing the amount of money used for investing because of a price dip isn't DCAing, it's simply just buying the DIP, buying the dip isn't wrong if you have the discretionary funds necessary to back up the plan, waiting for a dip to happen before you buy is a different story especially for a newbie, for them waiting become a gambling habit pushing them towards trading, i mean if a newbie has to wait for a dip before buying then the chances of that newbie selling once the price goes up becomes very high.
For DCA, increasing your investment depends on whether there had been an increase in your discretionary income and not on whether there has been a bitcoin price dip, please don't confuse the two.