Quote from: blackberrman on Today at 05:31:27 PM

Quote from: Agbamoni on Today at 02:16:06 PM

Quote from: Cossyblack on Today at 12:07:52 PM

No matter how you want to analyze it, waiting for the Dip before buying bitcoin is not a good strategy to accumulate bitcoin. Buying through the dips is a good strategic opportunity to accumulate bitcoin but waiting patiently for bitcoin to Dip before buying is absolutely wrong. Yes it is wrong because it is impossible to know exactly when the next Bitcoin Dip will happen and just like you have already stated that"no one can do perfect timing" of the market . Secondly while waiting for the Dip before buying bitcoin will affect your consistency in accumulating bitcoin and may also cause you to miss good viable opportunities in the market that you should have utilize in grow your portfolio. So it is better you stop waiting for the Dip and start buying bitcoin when your discretional fund is available .

Waiting on dips is a strategy for traders not for investors. Investors shouldn't see it as a primary strategy for accumulating Bitcoin, if not they will end up not accumulating any substantial amount at all. When you are investing in Bitcoin waiting for the dip is like waiting for a perfect time to buy Bitcoin but there isn't a perfect time at all. Our primary investment strategy should be either buying through dca or lump sun. And perhaps any other strategy that fosters accumulating and that dont requires you waiting for the price. While buying on dips should be like a top up strategy for times when you have enough more discretionary income to invest with.

Determining the price of Bitcoin is never possible, I agree with you, it is better for investors to see the current small decline as an opportunity when investing in Bitcoin, but if they do not invest in Bitcoin in the hope of a big dumping, they are going to lose their valuable time because Bitcoin is increasing in value over time, it is better to use your DCA strategy to make Bitcoin long-term because it will prevent you from panicking and will be able to maintain market positions, Bitcoin is cheaper now than in the future so you do not let your valuable opportunity get away from you, do not just wait for Bitcoin to fall to invest, it can become a bad habit of yours and you will regret this bad habit of yours in the future.

I think that DCA method has no role in maintaining your investment in the long term. Because DCA method is an investment method. Through DCA method, we can invest with a very small amount of money, we can buy all the prices. This does not mean that DCA method helps us maintain our investment in the long term.

You have to be patient while investing. Because you are investing in the long term. Always try to keep yourself calm after investing. Because if you get excited, you can take the wrong decision, which can be bad for your portfolio. So try to keep yourself calm as much as possible after investing.