Quote from: @nn@_pen9 on Today at 04:55:57 PM

Quote from: ejikeme24 on Today at 03:01:04 PM

Quote from: Baridomale on Today at 04:54:41 AM

Firstly an investor who is able to accumulate his money with the hope that the DIP comes and he buys a lot of Bitcoin at lesser price has also displayed patience which is also one of the traits of a good investor and also happens to fall under some of the fundamental habits for creating wealth.Instead of spreading funds in bits you can save up and utilize it to its maximum during the DIP. It is capital efficient

This strategy is mostly use in business and not in bitcoin investment, though some Investors out there can decide to make use of this method of accumulating money and be waiting for dip to come so that they can buy in lesser price. But I would prefer spreading it in a bits because waiting to accumulate enough money before buying has Alot of disadvantages, moreover they're not even sure when the dip is going to happen. I wonder how long they will keep waiting for the dip and who knows if inflation can come before then. So I would prefer spreading it in bits instead of going with the method of accumulating money and start waiting for the dip that I don't know when is going to happen.

There's nothing wrong with either method investors naturally have their own investment styles. Essentially, each investor wants to get the best price. There is nothing wrong with combining these two methods, it can be an added value when that significant dip comes. I also sometimes use this method if the market is experiencing a fairly rapid increase, I also wait for a moment. The market will definitely have a reversal or a new decline, that's where I will buy it, in this case patience is the most important thing in accumulating our investment assets.

Waiting for the market reversal or decline makes you look the same as a trader because an Investor doesn't wait for the price of Bitcoin to decline before they buy or accumulate instead they accumulate at any given price via the dollar cost averaging ( DCA) method and that is the best approach or way to go about Bitcoin investment because this method will make you worry less about the price of Bitcoin. So waiting for a decline before you buy is a trader mindset and I will advise you start accumulating using the DCA and also be preparing for the decline because it will help you grow faster.