The whole point is to buy at the DIP. That's why we buy when the price drops.
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.
All the strategies you've outlined are excellent; it's up to each individual to decide which one is safest. Because everyone has different goals and targets, the strategy they employ must align with their abilities.
That said, any strategy you employ is fine as long as you master it. The mistake is not buying Bitcoin or procrastinating, ultimately leading to regrets later. Many people have known about Bitcoin for a long time, but they procrastinate, even busy searching for the best strategy, ultimately missing the opportunity to profit. So, you shouldn't be confused. As long as you have a long-term goal in investing in Bitcoin, any strategy is fine.