Waiting for the right dip can easily become a trap because no one can predict market levels with certainty. dollar averaging not only removes the stress of timing the market but also helps you build your position steadily, it is all about consistency and patience. starting early and sticking with the plan beats trying to time every move, as volatile Bitcoin is. great reminder to focus on the long game rather than chasing dips
Did you just say the right, does such exist anywhere, dude I think you shouldn't get things twisted, dip is dip and waiting for it has to be frown at, I concur to the very point where you single out the benefits of DCA, well said on that spot but why did you get it wrong from the very statement you made?
Well since you already know that such thing does not exist anywhere, so there is no room for argument. Moreover I think @ Miramax12 knows that there is no any other dip so is assume that he's just referring to the normal dip, even though some people might be waiting for a particular dip before attempting to invest but I'm sure that such thing is not recorded any where rather is just a personal believe but that's by the way. I want to agree with him on the fact that waiting for a dip can be a trap, and if you can't sense it earlier definitely you will end up regretting.
You all are making the same arguments and statements right here, alot of time we have come across such statements as this that expecting a dip before buying assets, this have made a lot of investors who lack that right understanding to make investments mistakes, waiting for the right time where's the right time is now, taking time back to make research is good, but waiting too much time expecting one particular market drop before buying is totally wrong approach.
I like a situation where I can have that mindset that yesterday is an opportunity to buy and accumulate bitcoin, and today is also an opportunity to buy and accumulate bitcoin, and well I don’t like that idea where I have to wait for a particular dip to occur before I can buy bitcoin, that is why I have that simple idea of buying anytime, it’s very simple to make investment mistakes, and it’s also very simple to have a good bitcoin investment journey if we’re able to just appreciate buying and staying in motivated to continue buying and accumulating bitcoin on a regular basis, and I think there is no such thing as a particular dip, because a dip will always be a dip, so I don’t really understand why people still keep emphasizing on this same statement.