Before starting bitcoin journey for example a newbie must be fully aware about the kind of investment they’re going into, using money meant for important needs to invest is a mistake done by most newbies yet this kind of mistakes are very rare as a result of learning about the basic knowledge first before investing will help prepare an investor towards their long term journey. Whenever the market experiences a dip, generally those who are financially capable intend to buy bitcoin using large quantity basically they prepared towards this event buying the dip so all they have to do is take advantage, accumulating aggressively during the dip is not compulsory especially when the fund is not available rather continue buying bitcoin using the dca strategy.
Even if a person is financially capable, it is never right to wait for a fall. We should always continue to buy continuously. If a person buys continuously using the DCA method and then waits for a fall, then this is also a bad decision. Because you have money, it means invest immediately. It is never right to wait for a fall.
If you wait for a fall, then you can miss a lot of buying opportunities. For example, whenever you see a fall, you will wait a little more for the fall to come down a little more and then buy, doing this, after a while you will not be able to buy at that time of fall. So it is never right to wait for a fall, you should always continue to buy continuously by adopting the DCA method.
People who are waiting for the price to drop before buying , what are they waiting for when they have the money? I don't see any reason why some people will chose to wait when they have the money to buy bitcoin. For me, individuals who always think about waiting for the price to drop and buying bitcoin did not have money to buy it. If you have money, you can buy bitcoin without thinking about the price, waiting for the price to fall does not imply that you are wiser or smarter than others; no one can predict the price of bitcoin, therefore it is best to buy when you have the money and without thinking about the price.
For me, there is nothing special about waiting for the price to drop because it is a waste of time for me and sometimes it leads to regret at the end if you didn't buy and the price keeps going up. If you have money to buy bitcoin, do not waste time thinking of waiting for the price to drop, you may be waiting for the price to drop and you won't be able to buy at the end, buy with the amount you can afford to buy and hold. Although you can buy when the opportunity come, buy it is not advisable for anyone to wait for the price to fall before buying bitcoin.
If you have enough money to buy Bitcoin, then waiting for the price to fall will not be right at all. Because the Bitcoin market price may not create an opportunity to buy when the price falls. Buy now and invest. The wise thing to do is to buy and invest whatever the market price is. If you buy now, your portfolio will also increase later. But if you wait for the price to fall, and then if the price of Bitcoin increases further, you will have to regret not being able to buy. Therefore, it will be logical to buy Bitcoin and invest without wasting time.
The money you spend for investment must be such money that you will not need it in the next 10 years. And you can also invest without stress. Because there are many people who start investing with a lot of money. Then they come halfway and sell their investment. For them, it is like sinking a boat in the middle of the ocean. So do not invest with such money that you have to sell your investment. And if you can keep the investment, maybe success can come.