Re: Buy Buy Buy or Sell Sell Sell?

You're indirectly talking about buying only dips here, newbies aren't supposed to be encouraged to buy simply because there's a presumed dip but should get started and continue buying regardless of the market price movement. For a good discipline, as long as newbies are sure they have discretionary income present,

It will never be logical to just wait for a fall. Rather, it will be a waste of time and lack of confidence. A new investor should never be encouraged to fall. Buy from the current market price, but keep the investment management consistent even through the DCA strategy.

If there is a fall while your investment is consistent, try to buy more units from prudent income.

And keep an emergency fund and backup fund along with the investment. The emergency fund will be your danger companion that will save you from sudden danger.

Follow the DCA strategy while investing in the first stage. And try to increase the portfolio slowly. This will make your investment sound and risk-free.

So after the first stage the investor should discard using the DCA method is that what you are saying? While I agree some of the things you said here, I quite find this particular statement I highlighted troublesome. As an investor, I don't think there should be a stage you should discard using the DCA method if you want to get most out of your accumulation journey. Utilise the DCA method from the beginning to the end of your accumulation phase and you will derive more value in your portfolio.

A new investor in Bitcoin who has started his accumulation journey using the DCA strategy can as well in a long run accumulate Bitcoin by buying the Dip if an opportunity of Dip comes, and of course, this should be when or if he has been able to save up extra cash form discretionary for this sole purpose. An investor is never restricted to only the DCA strategy. Chances are, if you have raised your emergency funds and other back up funds, there is nothing wrong if he buys the lump sum too, provided you have taken care of all expenses andthere is an extra cash which comes from increased income and /or discretionary. This will help to increase the amount of your Bitcoin assets faster than just the DCAing, or better still, you can equally increase your DCA quota per week or monthly depending on your accumulation period.

No one said that investors that uses DCA are restricted from using other method or stretagy and that will be a wrong teaching because it can mislead newbie not to take advantage when dip comes and they already have enough or more than enough to buy during that Dip or front load. As a matter of fact these three methods or strategy of holding Bitcoin can be combined together if you are an investor that actually have the capacity to do that. I think lump sum is mostly or majorly for investor with strong financial strength but someone who doesn't have a strong financial strength should not feel intimidated but rather focus on your DCA by accumulating little by little and they will surely get there by consistency.