You are getting me a bit confused, if the who point is to buy the dip the what's the point of DCA method that advocate buying at all market conditions when you have money to invest? With all due respect I don't agree with this your statement. I speak on behalf of my fellow newbies who are still getting to understand the concept of bitcoin investment. We were told not to wait for the dip before we can invest. You now saying this is really contradicting everything we have been learning from this place. I beg you in the name of God, don't mislead us further than you are already trying to.
I understand your confusion. However leet me try to break it down in the simplest way I can..... There are different methods people use to accumulate Bitcoin, some of this methods includes
- DCA (Dollar Cost Averaging): When you buy a fixed amount of Bitcoin at regular intervals, no matter the price.
- Buying the Dip: Here you wait for price drops and then buy more when Bitcoin is more cheaper.
- Lump Sum: You invest a large amount into Bitcoin all at once.
- Earning of Bitcoin: Through work or services( like earning through the signature campaigns and so on) or any other means instead of buying.......etc.
Now, the most popular and widely advised method, especially for newbies is
DCA method. This is because it is more simpler when compared other methods like Buying the dip etc.The simplicity ofDCA method lies in the fact that it doesn’t require timing the market, and then it helps you keep stacking up without worrying over price movement. That’s why you have hearing many members hof this forum telling newbies not to keep waiting for the dip, coz you could waste months or even years doing nothing.
Just because DCA is the best and simpler approach for newbies does not mean that other investors don’t usee some of the other different methods that I mentioned earlier. If you take a look at the legendary member’s account, it's so obvious that he has been here for many years and must have already accumulated a lot of Bitcoin. For him, buying the dip works well at this stage coz he is not trying to build from scratch, he is simply adding extra to his Bitcoin portfolio when the price is cheaper.
But tat doesn't mean that a newbie should go and copy the same approach(buying the dip).....This is because DCA is still the safest and smartest method for all beginner to build their Bitcoin portfolio.....And over time, as the newbie gains more experience and already has a huge stack of Bitcoin, they can then add buying the dip to their strategy if they want.......At the end of the day it all comes down to your preference and what works best for you, but just so you know
DCA should be the foundation of every newbies Bitcoin Accumulation Journey.