Quote from: MainIbem on Today at 04:58:03 PM

Quote from: Joeboy on Today at 03:36:44 PM

What I will say and keep saying is that the whole “I am just waiting for the perfect dip” mindset is one of the most common psychological traps that limited so many person in kick starting their Bitcoin accumulation journey. They tend to convince themselves that they are being patient and smart, but what’s really happening is they are letting fear of buying “too high” stop them from buying at all

Honestly there is no such thing as a Perfect dip that is why the DCA strategy is very important coz it helps breaks that mental loop( of sitting and waiting for the perfect dip). Making use of DCA strategy stops one from being obsessed over when to buy and focus on actually owning Bitcoin over time.

Some were waiting for the perfect dip then Bitcoin got to $100k, they kept waiting for the so called (perfect dip) Bitcoin reach $120k, I guess they're still waiting for the perfect dip and would still watch Bitcoin reach $130k and keep going, some of those perfect dip chaser are not even aware of the opportunities they're missing they would been adding to their portfolio all this while and building for the future earlier but they chose to wait. Those are the kind of folks that wait for the halving period to buy Bitcoin cheaper then wait for it to finish correction then take profits in a short period after they've made gains, that's never how Bitcoin investment operates, to them they might be smart cause waited for the so called perfect dip and made profits forgetting or lacking knowledge of the better profits that waits in the future.

Individuals who wait for the dip will end up regretting their decision. Since Bitcoin is unpredictable, it is always recommended to use the DCA method if you are serious and prepared to buy. This way, you can accumulate Bitcoin without worrying about the market or panicking. It is surprising that some people still believe that waiting for the right time is the best way to invest in Bitcoin, even when they see that the price is rising higher than before. You might wait for the right moment to notice people carrying Bitcoin in their hands who don't have a stable source of income.