Quote from: Stormisover on Today at 10:16:54 PM

Quote from: Obulis on Today at 04:28:56 PM

Quote from: Muba20 on September 19, 2025, 08:04:27 PM

Quote from: ejikeme24 on September 19, 2025, 02:00:12 PM

Quote from: Grace333 on September 19, 2025, 03:05:23 AM

True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….

some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.

An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.

It is not about knowing so much @Muba20 it is about some basics as @ejikeme24. However, the quality or quantity of knowledge about Bitcoin or someone's stance about Bitcoin is based on their sources of knowledge which in short or even in the long run affects and continues to affect their decision about Bitcoin.
First decision first "trader or investor or both?" these settles out what is needed and defines the direction to be taken.. There are basic knowledge required of a trader likewise an investor after which learning can continue on the go not waiting to gather what ordinarily can be accumulated along the road.
Someone's DCA approach can be a direct reciprocal of their source of DCA mindset, as even with DCA strategy some investors are still tempted to keep timing the market.

For clarity attempting to time the market before making purchases of Bitcoin does not define DCA strategy because by definition it entails buying Bitcoin without any form of timing the market so any investor attempting to time the market before buying Bitcoin has already gotten a shift from the use of DCA to another strategy which should be the buying the dip and can no longer be considered as DCA even if he DCA from the previous buying, timing the market is not associated with the real definition of the DCA strategy and usage it doesn't tally.

I agree that trying to time the market to buy Bitcoin does not define DCA but it can
very much be part of the strategy to it as well as Buying the dip.

Both DCA and buying the dip are largely general terms and not an exact science,
i.e how much of a dip? qualifies for BTD we could ask or is it not ok to try and pursue
your lowest cost average?

DCA - Dollar Cost Average - if someone is so regimental as to try and time
the market when buying everytime well thats ok, they are trying to maximise their
average likewise with BTD they are trying to get the max Bitcoin for their purchase.

I dont see the point of it though if you are not willing to time the market everytime.