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,

I agree with you, newbie are supposed to keep buying and buying regardless the price of market and it's good to encourage newbie to buy the dip and don't sell. it helps build their confidence and enable them understand the market strategies very well against the future and it's also advisable to keep an emergency funds not investing all the money you have, you've to keep some money for emergency so if there's any emergency any day you can easily use the money you kept for emergency to settle the case without touching the money you invested in Bitcoin.

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.

I quite agree with you. We should never discard the DCA method at some point in our accumulation process because the DCA method gives us the opportunity to gradually accumulate a good quantity of Bitcoin over time. But if we discard the DCA method at some point in our accumulation process, we will need a big amount of money to buy Bitcoin with the lump sum method before we can accumulate a good quantity of Bitcoin, and if we don't have a good discretionary income that would allow us to buy a good quantity of Bitcoin with the lump sum method, we are going to miss out on accumulating a good quantity of Bitcoin. Instead of us to discard the DCA strategy in our accumulation process, we can make use of the various Bitcoin accumulation methods to accumulate Bitcoin.