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.
Those who actually follow the DCA method and invest in Bitcoin do not calculate whether the price is decreased or increased. The price of Bitcoin will always ups and down and those who buy more Bitcoin when the price decreases have the mentality of trader who also When the price increases a little, they will sell it. They are not in the mental state to hold Bitcoin for a long time. If someone buys more Bitcoin when the price is low, then they do not pay attention to their fund management. It is seen that when the price decreases, he buys Bitcoin with all his savings. After that, if he faces any financial problem in the future and if he does not have any reserve fund or emergency fund at that time, he is forced to sell Bitcoin to solve his problem. In this way, he is deprived of the profit that would have been made if he had held Bitcoin for a long time. If someone wants to buy Bitcoin in DIP, it is their personal choice. But overall, if you think about it, those who have a fixed income and have some extra money left over from all their expenses, which we call discretionary income. If he regularly invests a certain amount of money in Bitcoin every month or every week with that money and if it is for a long time like 4 to 10 years, then this way is much better than investing in any other way. Because when he follows the DCA method and invests with extra money after his expenses, the possibility of him getting into financial problems is very low. And before he invests or along with investing, he will create an emergency fund and reserve fund so that even if his regular income stops in the future, he can continue to spend and along with that he can continue to invest in Bitcoin. So I think those who really want to invest in Bitcoin and create a security for their lives for the future should follow DCA and invest for the long term. I myself also thought that if there is a dip should buy more Bitcoin. But actually I was wrong then. Those who want to get real profit from Bitcoin should invest without thinking about the price being high or low. We who lead a middle class or upper middle class life. Those who have 20% to 30% discretionary income from regular income. It is not possible to buy much more Bitcoin from this little amount of money. For ordinary people like us, following DCA is the best way to secure our future.