This period is the reason why speculators never invest in bitcoin until they start regretting.
In as much as bitcoin market is filled with ups and downs, buying at all time and Hodl remains a better investment strategy.
Bitcoin is currently at less than 93k which is as good opportunity to invest. But instead of investing now, fear won't still allow some to invest.
This bull run has made me to understand that bitcoin can suprise the world at anytime and doesn't need a period of months or years to change someone's life.
This is why buying at every dip and hodl remains a better investment strategy.
Buying at every dip is always important because it will definitely yield profit if hodling bitcoin. Every dip is an opportunity that if time is not taking it may come a longtime to come across the exact dip price that was neglected. The price of bitcoin has slightly fallen below $100 bit some investors are not willing to buy, they are waiting for the price to fall just to their own price they feel bitcoin could fall to. This is s common mistakes investors normally make, they always predict bitcoin and thinks the price of can be exactly as what they think. One thong every investor needs to understand is that the price of bitcoin can't be predicted. Buying bitcoin at every dip is not a mistake that will lead to regret if one has already made up his/her mind to hodl.
A new investor shouldn't wait for the dip but if he happens that when he as already figured out how to start his bitcoin investment right awa with his discretionary income, the market was in a dip. That's a blessing for him juat as we are in a dip currently. Apart from that buying at the dip ia unpredictable and not for new investors but OGs who have already accumulated a good size of bitcoin like 60% in their portfolio.
Getting started immediately is the best for new investors because the DCA strategy is there to limit the financial stress on you so that you will be able to grow and build your bitcoin investment every week or mobth by buying regularly to keep your bitcoin accumulation ongoing, persistently and consistently for 4-10 years and above. You can also use the lump sum strategy to buy bitcoin whenever you have any extra cash on you that you didn't budget. Buying at the dip is good but a new investor doesn't need to wait for the dip. If you have started your bitcoin investment with DCA, it will enable you buy bitcoin at various prices both at the dip, the bottom line of the dip, and at the bull run. The most important thing is for you to stay focus and look for other means to increase your financial strength, so that you can be aggressive in buying to build your bitcoin portfolio faster.
Let's say that a person similar to you (Sim_card) had been investing into bitcoin for nearly 2 years as aggressively as he is able to do, whether that is $100 per week or some other amount, and eve from time to time, such person might come across extra money that he is able to invest into bitcoin, yet he might have to weigh whether he wants to invest all of the extra money right away or if he might want to split some of the extra money into buying on the dip and/or DCA.
Sometimes, these might not be easy choices to attempt to apply for all circumstances, so each guy is going to have to attempt to weigh trade-offs, including considering his own circumstances as best as he can to figure out a reasonable balance (and there are probably a few ways to reasonably balance the situation), and my point is that DCA and/or buying right away might not be the ONLY ways of looking at the matter, so there could be a place for including buying on the dip in such a situation.
The guy who had invested around $100 per week might have invested right around $10k into bitcoin over two years, and if he comes across a bonus or even extra money that is one year's worth of his anticipated yearly investment amounts (such as an extra $5k that he can dedicate into bitcoin), maybe a default starting point might be to divide it into 3 parts and invest 1) $1,666 right away, 2) $1,666 in a DCA kind of way that adds $166 to the regular DCA amounts over the next 10 weeks) and 3) to set up the last $1,666 for buying on dips (if they come), such as 5 BTC buy orders of $333 at every $5k that the BTC price drops from here. Surely we know that if we are too aggressive in regards to setting up our buy on dip amounts (and increments), we may well end up getting stuck not having had invested that money, so someone with ONLY two years investing in bitcoin, might not really be in a great position to be holding back too much money for buying on dips that may or may not end up coming... so it surely can be difficult to balance.
On the other hand, if the same person had been able to largely front load his BTC investment in 2023, and maybe he invested $10k into bitcoin during 2023 and then he went to investing $100 per week into bitcoin in 2024 (which would about another $5k invested into bitcoin for 2024), he might start to feel that he has more flexibility to hold back some of the $5k bonus value for buying on dips based on his already practiced level of aggressiveness (and frontloading) his investment in 2023... so even if he had not been in bitcoin for very long, his past BTC stacking practices could end up influencing how he might end up apportioning any of a bonus amount that he ends up receiving at the end of 2024 with ONLY two years investing into bitcoin.
This period is the reason why speculators never invest in bitcoin until they start regretting.
In as much as bitcoin market is filled with ups and downs, buying at all time and Hodl remains a better investment strategy.
Bitcoin is currently at less than 93k which is as good opportunity to invest. But instead of investing now, fear won't still allow some to invest.
This bull run has made me to understand that bitcoin can suprise the world at anytime and doesn't need a period of months or years to change someone's life.
This is why buying at every dip and hodl remains a better investment strategy.
No, I disagree with this your last statement here, it's not the best.
It's s true that it's very important to use every dip as an opportunity to buy more Bitcoin, but waiting for it before making a purchase is actually a wrong thing to do as a long term holder, because Bitcoin is still very cheap compared to how much it might get up to in the future, so why not seize the opportunity now and buy it regardless of it current price?
And besides, you might miss a whole lot of buying opportunities if you decide to be buying only the dip, and with such strategy you certainly not have a very good stash of Bitcoin on the longer run like someone utilizing the DCA accumulating strategy.
So I think that the DCA accumulating strategy is the best way of accumulating Bitcoin, because you will definitely buy at every price interval and even the lowest part of the dip lumps sum investors might miss, so in my own opinion, when it comes to Bitcoin accumulation process, nothing beats the DCA accumulating strategy.
Is not as if buying when there's a dip is wrong is very good to buy when there's a dip because is less cheaper however waiting for it to happen before you start accumulation is what is wrong, because waiting like that will waste your time, one don't even know when a dip will happen so while waiting for it, for example your long time friend called you on phone and said you should wait for him in your house that he is on his way coming to your house to see you and his already very close to your house, you will wait for him but when that your long time friend didn't call you can you just wake up one morning that you won't go out today that you will wait for him to come to your house and see you without any communication between you both that his coming, no you can't do that if you do you may end up wasting the whole day, that is same thing with you waiting for a dip in Bitcoin.
It is not the same to be waiting for a friend at home when he did not call as compared with waiting for BTC prices to dip prior to buying, but sure, similar... parallels can be drawn with your example.
This period is the reason why speculators never invest in bitcoin until they start regretting.
In as much as bitcoin market is filled with ups and downs, buying at all time and Hodl remains a better investment strategy.
Bitcoin is currently at less than 93k which is as good opportunity to invest. But instead of investing now, fear won't still allow some to invest.
This bull run has made me to understand that bitcoin can suprise the world at anytime and doesn't need a period of months or years to change someone's life.
This is why buying at every dip and hodl remains a better investment strategy.
No, I disagree with this your last statement here, it's not the best.
It's s true that it's very important to use every dip as an opportunity to buy more Bitcoin, but waiting for it before making a purchase is actually a wrong thing to do as a long term holder, because Bitcoin is still very cheap compared to how much it might get up to in the future, so why not seize the opportunity now and buy it regardless of it current price?
And besides, you might miss a whole lot of buying opportunities if you decide to be buying only the dip, and with such strategy you certainly not have a very good stash of Bitcoin on the longer run like someone utilizing the DCA accumulating strategy.
So I think that the DCA accumulating strategy is the best way of accumulating Bitcoin, because you will definitely buy at every price interval and even the lowest part of the dip lumps sum investors might miss, so in my own opinion, when it comes to Bitcoin accumulation process, nothing beats the DCA accumulating strategy.
Is not as if buying when there's a dip is wrong is very good to buy when there's a dip because is less cheaper however waiting for it to happen before you start accumulation is what is wrong, because waiting like that will waste your time, one don't even know when a dip will happen so while waiting for it,
Its never bad to buy at the dip since we can get more bigger volume if we continue to execute our buy orders even if the market is dumping. This is what DCA supposed to do since we can buy either the market is pumping or dumping.
If a bitcoin newbie is persistently, consistently and ongoingly buying bitcoin with his income as it comes in (on a weekly basis or whatever), he is not necessarily going to have any extra money to buy the dip beyond his regular income or how he might have had chosen to spread out his BTC buys, whether weekly or otherwise.
So if guys are saying that they are doing both, then they may well be engaging in trade-offs that they are failing/refusing to acknowledge.
What I think is wrong if you keep waiting for more dip to come since you are just missing some good opportunities while the market is frequently moving. Waiting for unknown situation to come is missed opportunity for an investor and he might get afraid to accumulate especially if he feel unsure on current market movement. That's why instead of waiting for the DIP to come which other people think that this is perfect time to buy. They could just continue to work on their plan since for sure that everything will be fine since they are not dealing for short term gains. They are for long term so for sure that price is never be a major concern and hopefully this will come to the minds of investor so that they won't worry or bother to much on the current price of Bitcoin.
This seems to be correct for sure, except for some guys who might have had been in a position to front-load their BTC investment, yet an overwhelming majority of folks are likely going to be way better off to just keep buying at least for a whole cycle or even a couple of cycles if they really have no abilities to meaningfully frontload their BTC investment... which tends to be the case for an overwhelming majority of normies.
It is obvious that this set of people are traders and they are considering short term profit because any investor that plan to hold bitcoin for a longer time would not see the current price to be expensive. Just of recent I met a guy that said he is waiting for bitcoin to dip to $35k before he continues accumulating which is very wrong. It is mostly traders that have this kind of mind set and not investors, so the current price should be something that should motivate people to accumulate more bitcoin because bitcoin has already proven it's worth over the years and it has not reach its climax
There is nothing wrong with buying bitcoins during market dips, but if you have enough money to invest, it is considered a bad decision if you wait for dips instead of investing regularly. Instead of waiting for dips in investment, regular purchases with small amount of money can be a right decision for you. The Bitcoin price that the above mentioned person is waiting for may be impossible. But in the Bitcoin market, the price of Bitcoin can drop a lot and even suddenly increase at times.
We may have seen earlier that the price of bitcoin dropped a lot in 2023 but this year the price of bitcoin has again increased a lot and the price of bitcoin reached $100k.Huh? You seem to be misremembering history or living in an alternative reality.
Prices went up in 2023 and in 2024.. and most people would have had been way better off to be in bitcoin rather than not during each or both years and probably even better off to accumulate as much bitcoin as they were able to accumulate during such years on a regular, consistent, persistent and perhaps even an aggressive way, to the extent that they were able to accumulate BTC without spending on buying bitcoin beyond their discretionary income.
I am not sure if we should give you any kind of pass since you registered on the forum in late 2023, yet you still should be able to look at BTC historical price charts to see what happened in 2023 and 2024 instead of misdescribing BTC price history, which then makes it appear as if you are just making shit up.
Just of recent I met a guy that said he is waiting for bitcoin to dip to $35k before he continues accumulating which is very wrong.
who would even think about that right now, has the person check Bitcoin recently to see the price?, perhaps you should have explained to him that he might be waiting for even $20 years time and the price will not even near that $35k, sometimes is very easy to tell if someone is just bluffing about Bitcoin
Yes, there are people like that who dream and wait for Bitcoin bear season to invest into it, funnily they may end up very disappointed when Bitcoin price fails to fall to their expected price. They may well be referred to as gambling with Bitcoin rather than investing into it. I doubt that people interested in price more than their accumulation target are even able to hold Bitcoin for a long time.
It's funny that these sets of people may well end up not investing into Bitcoin since they wait only for the dip to buy unless the person already has good quantity of Bitcoin and is now being selective on how to further increase his portfolio. Interestingly, if it's a newbie, he has started off his accumulation journey on the wrong foot and may miss out on good opportunities to accumulate with DCA and smoothen the effect of volatility on his investment.
Worse of it all, the funds he is reserving solely for the dip may be overtaken by some other necessities or frivolities and he don't even buy enough even when the dip comes if he ends up buying at all.
Another thing the investor would miss out on if he gets funds weekly or monthly as the case may be is the less stress that comes with spreading your investments over a longer period of time compared to the pressure of having to do it at once. Also
I doubt the newbie would be disciplined enough to employ strategic backup funds like emergency fund and the variances of backup funds, these disciplines are perfected with continuous practices over a considerable period of time.The longer that we are in bitcoin, the more important it becomes to be able to have strong cashflow management practices, so there are plenty of times, even within the first 4-ish years of accumulating bitcoin that any newbie might be forced to sell some or all of his bitcoin based on his failure/refusal to manage his cashflows in such a way that he is not using his actual bitcoin as his emergency funds rather than having emergency funds in some form of cash that is not going to end up cause him to run out of places in which to draw prior to needing to tap into his bitcoins.
You are correct that newbies might be more prone to employ cashflow management practices that are insufficiently forward looking and/or sloppy and to end up contributing to their getting into a pickle in regards to not having enough funds to deal with various life circumstances that could come their way with potential variance in income and/or expenses and just that shit happens in life. and those persons who consider having various kinds of cushions in their cashflows (even if they feel that the cash "is not working for them") will end up being way better off by their creating and maintaining such buffers that allow them to make sure that they are not forced to sell some or all of their BTC at a time that is not completely of their own choosing.
I agree with the importance of having a long-term perspective when investing in Bitcoin. Dollar-cost averaging (DCA) is a great strategy for reducing market volatility, and it's essential to focus on accumulation rather than short-term gains.
Regarding buying the dip, I think it's crucial to consider individual financial goals and risk tolerance. While waiting for dips can be a good strategy, it's also important to avoid missing opportunities. New investors, in particular, should be cautious of waiting for the 'perfect' moment to invest, as this can lead to analysis paralysis.
Cash flow management is also a critical aspect of investing in Bitcoin. Having emergency funds and strategic financial planning can help mitigate risks and ensure a more stable financial foundation. This is especially important for new investors who may not have a solid understanding of market fluctuations.
In addition to these strategies, I believe education and community support play a vital role in helping new investors navigate the Bitcoin market. Online forums, social media groups, and local meetups can provide valuable resources and connections for those looking to learn more about Bitcoin.
Furthermore, it's essential to recognize that investing in Bitcoin is a long-term game. It's not a get-rich-quick scheme, but rather a way to accumulate wealth over time. By focusing on education, community support, and strategic investing, individuals can set themselves up for success in the Bitcoin market.
What are your thoughts on the role of education and community support in helping new investors navigate the Bitcoin market? How do you think new investors can best prepare themselves for the potential risks and rewards of investing in Bitcoin?"