Quote from: Tonimez on Today at 09:37:55 AM

Quote from: Just Say on Today at 08:16:09 AM

Quote from: JayJuanGee on Today at 02:56:06 AM

I think that everyone would prefer to buy BTC when the prices are lower, yet the main problem is not being able to know when the prices are going to be lower, and it tends to be much better to just buy regularly, persistently, ongoingly, consistently and perhaps even aggressively in order to just get as many bitcoin as soon as possible (within the scope of a guy's budget), rather than being whimpy about it and/or taking chances in order to try to get BTC for lower prices that might not end up happening. Sure, if lower prices happen, then they happen, but there is no way to really count on them happening.

This seems a bit counterintuitive to me, as not everyone will want to buy Bitcoin even if the price is low, because buying or investing in Bitcoin is a personal decision and there are various factors involved. Such as personal risk tolerance, financial goals, and market volatility. If everyone liked to buy Bitcoin at a low price, then maybe in the past when Bitcoin was under $100/400 dollar, many people would have jumped in and filled their bags with Bitcoin, likewise no matter what the current price of Bitcoin is, those who lack accurate information and awareness about Bitcoin will not purchase Bitcoin at a low price. Moreover one should not be eccentricity at all with Bitcoin investments because there is no way to expect when the dip will occur in the Bitcoin market. So Why should we wait for a dip market?

One thing that we need to understand is that humans are always the same even though we aspire to change people's view about same fact over the time. Bitcoin volatility has been in existence as long as bitcoin itself and same phobia it creates today amongst investors has been the same back in the days of $100 to $1k and more or less. Same people who could not invest when it was $100 out of fear would rarely accept investing now that it is $116k. These group of investors when they finally sneak into bitcoin investment, they mask their procrastination with waiting for Dips.

I've always considered people who are busy waiting for the dip to have at one point or the other in their lives missed a major opportunity to start accumulating bitcoin arguably when bitcoin's price was still relatively low compared to where it is now, a part of me thought it was possible that these people waiting for dips have a sense of just trying to get back lost glory, to them they missed buying bitcoin when it was cheaper and buying it now might seem like they are losing out and in a desperate attempt at denial they are now telling themselves that the price will come back down eventually and all they have to do is just wait for that to happen, the know how unlikely this is to happen but they just won't accept the truth even when it's in their faces.

Quote from: Tonimez on Today at 09:37:55 AM

Some investors who were intentional bought bitcoin at a very cheap price and HODL all along, others bought at that low price but immediately they felt they had a profit on it, they sold it off and never bought back because bitcoin couldn't Dip to their choice price while others could not invest out of fear and panic back then and even now.

A similar situation can also be the case for people who buy at a low price and sell when they notice an increase in price, but after selling the price just keeps going up and buying becomes difficult for them, they don want to buy the same amount of bitcoin the sold for a higher amount, like selling when bitcoin was at $90k and then trying to buy after bitcoin went over $100k, you see them faltering because they feel like they are being cheated if they buy at the new price, so out of fear they put themselves under some kind of an illusion that the price will come back down low enough for them to buy without still having the sense of losing in the process.

Quote from: Tonimez on Today at 09:37:55 AM

Waiting for Dip is a waste of time. One of our great men here noted that he has stacked up his wallet amounting to a cumulative cost per bitcoin of $6k per bitcoin in his wallet; when bitcoin is already at $116k. There are facts around to prove to the faint hearted how workable it is to buy consistently by any of the strategies but not waiting for the dips which may never occur. HODLing is as crucial as buying the bitcoin, so buying bitcoin should be strictly by discretionary income. You can improve your accumulation speed by periodic aggressive buys probably when you have additional discretionary income and/or lower price too. Newbies should get their way around bitcoin straight and don't allow FOMO ruin your financial future freedom.

Buying the DIP is a bad bitcoin strategy, it's the waiting for the dip part that becomes problematic for investor, there are situations where investors who have gotten to their various levels of over-accumulation only buying bitcoin during the dip, for this people we can't say that they are waiting for the dip because they have already accumulated alot for themselves and they tend to only buy again when they see bitcoin at a tempting price range but for low or no coiner, this method would be outrageous as it would count as them wasting good investment opportunities where they could have been regularly accumulating instead of just accumulating at tempting price ranges (DIPs)