If you are new to bitcoin, it is likely better to just be buying regularly rather than trying to figure out if there is a dip or not.
I'm not new to bitcoin but I got the idea about this forum a few days ago. Actually I know about bitcoin quite a bit since long time. I have experience in buying and selling bitcoin and buying and selling Altcoins and trading. Although my reserve is being invested in bitcoin quite a bit, I keep a small amount of my income for investment and investment is going on.
You have ONLY been registered on the forum for 10 days. Have you been accumulating bitcoin for longer than 10 days? or are you merely employing a waiting for the dip strategy when the dip may or may not come.
Yes, I have been registered here for a few days and I have been investing in bitcoin since before I registered here and my investment will continue as per DCA. As far as possible, I will maintain this DCA and invest. Let's see how far I can take the rest.
Don't get me wrong. There can be places for newbies to either deploy buying the dip strategies or to supplement their DCA and/or their lump sum with buying the dips.
No, no, I'll tell you why I misunderstood. Since you don't know about me and I'm new here, it's natural for you to say that. Now that you know I have extensive knowledge of Bitcoin and have been in the crypto world for several years, you will understand. You are right that DCA and the place to buy deep are complementary to each other. However, for those who are new, the issues of maintaining DCA should be explained because the amount of loss from here is less.
Let's say that you are brand new to bitcoin, and you had started investing into bitcoin about two months ago at $100 per week, and so now you were considering rolling over $5k that you had in your savings, so with the $5k, you are considering the extent to which you might lump sum (buy right away), DCA and/or buy dips. You could divide it into three... or you could just decide to buy 1/2 right away and the other 1/2 buying on dips.. especially since you have already been DCA'ing the $100 per week from your discretionary income.
Another way to employ buying on dips is to allocate some amount of your weekly DCA for buying dips, yet surely there are trade-offs for those kinds of choices, and there is no exact correct answer, even though there likely are some answers that are better than others in regards to also taking into account
your own personal factors.
Wow, you came up with a great idea. Although I initially thought about it according to this idea, now I'm maintaining DCA. Besides, I'm able to manage everything in my life beautifully. Thank you for explaining it so beautifully.