Re: Buy Buy Buy or Sell Sell Sell?

Are you trying to say that if the market isn’t offering a solid discount, you won’t buy Bitcoin? Talking of holding back some as you said isn’t a bad idea, what the purpose of holding it back makes it look bad. I feel there’s no time that one buys Bitcoin that isn’t a good time.

For me, I see no reason holding back some funds because you want to use it for DCAing for the next few months as you said, this few months can be 12months or more, depending on how you want to split it. Now Bitcoin might reach ATH in just 1 month or so, then it keeps rising and rising. At that point, don’t you think you’ve made a little mistake by not buying with all that funds, because that might be the only dip you’ve been expecting to happen.

Come to think of it this way, what if you hold back some and it happens that bitcoin doesn’t dip rather keeps soaring high thereby making you wait in vain for a dip that might not happen. I see nothing wrong in buying Bitcoin with all that money, it helps you accumulate more supposing you have a stable source of income, that would help you build a discretionary funds and allow you to embrace the DCA strategy of buying.

Holding back available money with intention of using it up gradually in DCA approach is so wack. You have an available funds, instead of investing it you now spread it along still in fiat, that's a financial mistake already. The said fiat money is vulnerable to devaluation weekly if not daily. Same amount may never get you equal amount of bitcoin in the next DCA period. DCA is planned with your next possible discretionary income to enable you make good application of the money without avoidable financial losses or unnecessary spendings. You can choose to hold for dip sake which is not also guaranteed to happen. But the best practice would be channelling such money into aggressive buys if you're sure to have taken care of all your responsibilities and saved your emergency funds and back up funds.

Actually it would be that situational yet not all would be having that kind of financial capacity on which they can be able to buy up whenever the market do make out some correction or dip. Usually they would be having that one time big time buying chance or they would be doing all in rather than on making up some DCA and thats why they would be that waiting for the very deep dip before they do take up actions but the question is, when it would happen? No one really knows yet this market is always been that unpredictable. There's no way that we can be able to tell ahead on what would happen but considering that we've been trying out to become a long term investor then the only thing we can do is to hold up for years and thats why accumulation whenever there's price dip has always been ideal or the best shot that we can be able to take on. Speaking about keeping your fiat money then it would be that indeed having that devaluation on which if you are someone who do think about long term then you do know on what you should gonna do.

Always make it sure that you do make use of the amount on which you can afford to lose or something which is extra. You cant be able to find yourself having that kind of confidence or too much stressful if you do invest into the amount on which you can afford to lose and just that solely focusing on making up profits. You arent thinking about on the risks involved towards it. One reason on why people do hesitate up that much when it comes to DCA is that they are that not confident about into crypto investment or they are just that wanting to see up the deepest price or lets say they are just that being too scared to buy when everyone is that on great fear. It is that very challenging on this time when you do make out such decisions on which you dont even know or sure on what you should gonna because the primary thing that comes up into your head is that the price might even go down lower at the time that you would be buy or making up some entry.