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What I have noticed with new investors is that a lot of them do not actually have a problem with strategy, their real problem is discipline. You can tell someone to DCA, but if they don’t stick to whatever plan they chose, it will all falls apart…
That is why I think DCAing works so well, not because it is the perfect entry method, but because it forces you into a habit.. You do not need to think too much, you just buy on schedule… And once you build that habit, the side effect is you are less emotional about price moves.. Whether it goes up, down, or sideways, you are still adding more orders and accumulating.. In the long run, that mindset will pay off way more than trying to be the hero who always buys the bottom…
The buying the dip hero is an imaginary one that is fantasized in the heads of people who try to act like they are smart and/or smarter than the guy who just buys blindly in a regular, consistent, persistent, ongoing and perhaps even aggressive way.
Its like fantasy which these people think they can consistently done, but later on they realize that those buy the dip strategy is hard to sustain especially that market is unpredictable.
So provably with these they can't predict their next position that's why usually they keep waiting and waste their time for doing this.
Better follow those good recommendation to do DCA or just buy Bitcoin consistently since if we base on what those institutions done they are more consistent and effective doing DCA than engaging on wait for the dip strategy which usually lots of people fail on this.
the imaginary hero is the fantasy of people buying absolute bottom of every cycle.. no one can predict that to the precise second of hitting the buy button
but its very easy with many opportunities to just not buy the high. that way by default you buy the dip and are buying lower than the high.. aka discount compared to high
for instance this week is discount/dip/lower than the high.
the main subliminal trick people try to promote DCA is to try to convince naive investors to buy, even on the high. to be blind to the movements, to not care about the costs. inshort they just want blind idiots doing FOMO
Totally agree - but even if someone buys at the recent ATH the next ATH will make that previous
high price
you bought at a lower figure, and so on and so forth...
If you believe in BTC you know it is going higher in the future. Just because someone buys at a high price doesn't mean the next high won't be higher still.
The key is hodling because the price doesn't alter the amount of Bitcoin you have. It is the amount of
BTC that matters because the price will undoubtably be going higher in the future...