Buy the DIP, and HODL!

[Brizi5000]

Always need to have a strategy instead of waiting for a fall because it never works every time, but have a good strategy; especially as currently DCA is working well for Bitcoin, it helps for having good profit and a good portfolio. People who are concerned about their future and want to have good savings need to stay on a good level because this helps them have a good future, but again, never try to wait for any decline; it never works.

If you are capable of having good source and also able to have emergency funds try to have strategy for keep buying because this never go into wrong way for you but also keep eye on price its also needs to have balance in buying and accumulation current price is surely one of the best time for keep investing and having as much anyone can afford.

If an investor is focused on buying bitcoin with the DCA then he doesn’t need to get himself distracted by keeping his eye on the market price. The only thing an investor investing with the DCA strategy owes himself is to focus on figuring out a discretionary income to enable him accumulate bitcoin at any market price.

Also, the DCA strategy is equally built in such a way that it enables investors to invest according to their financial means or based on their source of income whether a steady source of income or not, what matters most is if the investor can be able to afford a discretionary income from time to time to use and buy bitcoin and HODL. And you must not wait until you have an emergency funds before starting bitcoin investment, an investor who have a discretionary income readily available can start investing in bitcoin without getting to wait until they have the emergency funds ready, as they can be building the emergency funds along side while buying bitcoin with a part of their discretionary income being assigned for emergency fund and other part towards bitcoin accumulation.

[Abelly]

Don’t make it sound like buying the dip is a bad thing, to me it’s a reasonable thing to do.

The only time it might become a bad idea is if the investor decides to making buying the dip a prerequisite for their next purchase, that’s when it becomes a problem because that’s no longer a disciplined accumulation process, it has turned into trying to time the market and that’s not a proper way to go bitcoin investment.

Buying the dip should be used as a way to complement a person’s accumulation strategy rather than to replace it.

If the dip is a reasonable strategy, but you said that market timing is not right. How can you buy Bitcoin at dip without trying to time the market? Ultimately if someone wants to buy Bitcoin at dip, then he will either have to do market timing or buy based on the market price at that time. Suppose Bitcoin has come from $80k to $65k. You bought extra considering it  dip. Here you may not be predicting the exact bottom, but you are definitely making a buying decision by judging the current state of the market. Again, if you say, $65k is not enough, I will buy when $55k comes, then the timing has become more aggressive. So you have to do market timing or but market timing should not take control over accumulation. If you want to do dip buying, some timing judgment will be required. So I do not think intentionally buying dip is reasonable. Because if you want to buy the dip, market timing is unavoidable. If regular accumulation continues, and then when the price of Bitcoin is low, you will automatically get extra sats at a lower price. Being able to buy Bitcoin at this average price and hold it for a long time is the key to success in investing in Bitcoin.

At the end of your statement, you said the following: If you're making regular purchases, the dip will be caught automatically. That is not the timing issue, it's the waiting issue. The investor who continues to buy weekly who has a little money in reserve and buys according to the plan in advance is not waiting, he is not predicting the price, but he has kept buying with keeping the reserve money, and he takes the opportunity according to the plan.

The person who stops buying them altogether, and waits for the price to drop is the person who is timing the market and is the most at risk.

[Gragebox]

Exactly, buying the Dip is not wrong at all but it a strategy that is mostly used by traders rather than investor, most people who use it people who intend to hold for a short period of time, and at the end they will missed so much opportunities. So for someone who intend to hold for a long period of Time it very best to use the DCA strategy.

Well at the regardless the strategy you are using make sure you invest with your discretionary income, with that no matter how the market is going you won’t get emotionally disturb by it.

I think I agree that the main distinction between DCA and buy the dip are mindsets. Buying the dip can be done very successfully by investors who are hands on the market and content to wait for attractive entry points. The real danger is that everyone thinks they can time the bottom and no one can consistently do so. If the market continues to tank, or if the price rebounds faster than expected, you risk missing out altogether by waiting.

DCA is much more a strategy for investors with a long term perspective. Instead of trying to weigh whether the latest price is 'too high' or 'too low,' you know that the best average entry rate over enough time will provide the requisite diversification and risk mitigation. Some investments will happen when the market corrects, while others will happen in a stronger market. When you time it right you will lose less on the second part.

As I mentioned before, I agree that the discretionary income part can often be the most neglected. If someone invests funds they need more urgently for rent, utilities, and other essential life expenses, a significant correction can cause detrimentally stressful emotional reactions for many.

Knowing how to allocate your earning is still Another required skill when come to investing. Some folks are poor earning allocation skill , there some folks at there that are investing without having an emergency fund. Due to poor allocation of their income . Investment is not as complex or technical like that of trading but there are principles one should work with , than just going in to investing without any proper planning , I will keep saying this know what you are getting into , how to make the best of what you are getting and a goal to achieve in that thing you are getting into , don’t just jump into it unprepared.

How to manage and define the ratio of our income is important before we go into investments. Many people do not realize that it is important to have other financial responsibilities other than doing the investment and it is very dangerous as you can end up withdrawing your investment at the time when you do not need it. In my opinion it is very important to plan well, you need to know your income, expense and how you can save and the money that you can invest as well as the need for you to have a specific goal because you do not want to sell during the time the market is down. Investment is not as complex as trading but that should not be a reason to go in without any preparation, you need to know what you are investing in and the risks associated with it.

[Charcol]

Waiting for a fall is not a good decision at all and if a person builds 99% of his portfolio and waits for a fall for 1%, it will not be the right decision at all. The goal of every person should be to continue buying consistently. If a person is able to reach his portfolio building goal and if he waits for the deadline to end, then if he sees a fall in the market at that time, he can take that opportunity. But if a person continues to buy consistently and keeps saving separately to buy aggressively during the fall, then I also do not agree with it.

But yes, when we set aside money from our discretionary income for additional expenses and if we do not need that amount in a month or week, then we can continue to buy aggressively during the future fall with that amount.

Always need to have a strategy instead of waiting for a fall because it never works every time, but have a good strategy; especially as currently DCA is working well for Bitcoin, it helps for having good profit and a good portfolio. People who are concerned about their future and want to have good savings need to stay on a good level because this helps them have a good future, but again, never try to wait for any decline; it never works.

If you are capable of having good source and also able to have emergency funds try to have strategy for keep buying because this never go into wrong way for you but also keep eye on price its also needs to have balance in buying and accumulation current price is surely one of the best time for keep investing and having as much anyone can afford.

While DCA is a good strategy, it is not the only suitable method for everyone. A long-term investor's decision may vary depending on his income pattern, available capital and risk tolerance. You may have a regular income and the opportunity to invest monthly, so DCA can be very effective for you. But if there is an investor who already has a large amount available and has a long-term plan and mentality, then a full or partial lump sum can be considered logical for him.

More important than calling a strategy good or bad, is how consistently the investor is able to follow that strategy. Investors also need to consider whether the strategy suits his financial situation.

[Showlove01]

While DCA is a good strategy, it is not the only suitable method for everyone. A long-term investor's decision may vary depending on his income pattern, available capital and risk tolerance. You may have a regular income and the opportunity to invest monthly, so DCA can be very effective for you. But if there is an investor who already has a large amount available and has a long-term plan and mentality, then a full or partial lump sum can be considered logical for him.

More important than calling a strategy good or bad, is how consistently the investor is able to follow that strategy. Investors also need to consider whether the strategy suits his financial situation.

Of cause there are different types or strategy of Bitcoin investment and I don't think the word suitable should be used for the DCA method but reliable and convenient should be more appropriate because the reason it is reliable and convenient is that it helps both low discretionary income and high discretionary income folks to accumulate which means that it allows both the poor and the rich as long as they can sort out a discrestionary income it is okay and it is a gradual process unlike lump sum that is mostly done once in a while.

[Gost ms]

Always need to have a strategy instead of waiting for a fall because it never works every time, but have a good strategy; especially as currently DCA is working well for Bitcoin, it helps for having good profit and a good portfolio. People who are concerned about their future and want to have good savings need to stay on a good level because this helps them have a good future, but again, never try to wait for any decline; it never works.

If you are capable of having good source and also able to have emergency funds try to have strategy for keep buying because this never go into wrong way for you but also keep eye on price its also needs to have balance in buying and accumulation current price is surely one of the best time for keep investing and having as much anyone can afford.

Your comment is a bit vague and what do you mean by DCA strategy is working well at present. DCA strategy has been working the same way since the beginning. DCA is an investment strategy DCA strategy never helps you build your future. Through DCA strategy, a person can continue to buy consistently and DCA strategy gives us many more advantages than all other investment methods.

Each person needs to choose an investment strategy based on their financial situation. Just because DCA method works well for one person does not mean that that investment method will work the same for another person. Each person needs to choose an investment strategy based on their financial situation.

[Sonia_123]

Did everyone take the Golden Opportunity to buy more Bitcoin when it was trading near its 200-Weekly SMA Line? Although I'm not entirely sure that the current surge will start the next Bull Cycle, but there might be some of our fellow PLEBS who would want to another Golden Opportunity to buy more Bitcoin near the or below its 200-Weekly SMA Line.
Will they get it?
  ¯\_(ツ)_/¯

You are retarded.

Buying regularly is a much better plan and practice rather than fucking around dreaming to buy during dips that may or may not happen.

Part of the reason that you have not accumulated as much bitcoin as you could have is because you have been fucking around waiting to buy bitcoin rather than ongoingly buying bitcoin.. .and so you already missed a lot of opportunities, yet you still want to proclaim that there is some value in waiting for dips that may or may not end up happening.

I don't just know why a lot of people are still obsessed with waiting for the dip perfect despite all the teaching about DCA on this forum especially this thread. Waiting for the dip isn't really a problem but issue about it is that you don't even know where that dip will be or wether it'll even come.
Unless you're not convinced about Bitcoin for the long term, regularly adding more sats to your portfolio should easily make more sense to you than sitting on the sidelines waiting for a better price. And the good thing about DCA is that when that dip finally happens, you'll still not mix out, it's a better to accumulate than spending years waiting for dip while Bitcoin keeps moving higher.

Waiting for the dip before investing will actually make you a low or no coiner since it cannot give you a perfect time, figure or even how low the price will be or when the correction will end at which you will save your funds towards which you might end up buying higher in price than you taught and buy as at that time of the dip, waiting for the dip is misleading and not advicible for any investor to adopt who wish to be a successful bitcoinner you because using the dca to accumulate regularly and ongoingly gives you a better chance of getting more stash in your portfolio to a reasonable quantity before the dip comes .

[Homemade-IQ]

In my opinion it is very important to plan well, you need to know your income, expense and how you can save and the money that you can invest as well as the need for you to have a specific goal because you do not want to sell during the time the market is down. Investment is not as complex as trading but that should not be a reason to go in without any preparation, you need to know what you are investing in and the risks associated with it.

So you are now saying that someone that wants to start his bitcoin investment should study his cash flow first and plan well before starting, when their is an availability of discretionary income?
You don't need all that mate, because once you have your discretionary income, you can start right away, and their is no need to be saving up before starting, just start your accumulation once your discretionary income is available, them every other things can be learnt while already in it. Wasting time in starting may bring forth procrastination and discouragement, so starting right away once you have a discretionary income available is the best.

[obuoma]

Waiting for a fall is not a good decision at all and if a person builds 99% of his portfolio and waits for a fall for 1%, it will not be the right decision at all. The goal of every person should be to continue buying consistently. If a person is able to reach his portfolio building goal and if he waits for the deadline to end, then if he sees a fall in the market at that time, he can take that opportunity. But if a person continues to buy consistently and keeps saving separately to buy aggressively during the fall, then I also do not agree with it.

But yes, when we set aside money from our discretionary income for additional expenses and if we do not need that amount in a month or week, then we can continue to buy aggressively during the future fall with that amount.

If you are capable of having good source and also able to have emergency funds try to have strategy for keep buying because this never go into wrong way for you but also keep eye on price its also needs to have balance in buying and accumulation current price is surely one of the best time for keep investing and having as much anyone can afford.

If you are a long term investor, which is the right way to go, you don't have to keep your eyes on the price because doing that makes you appear like a trader that is always monitoring the market to know when to exit enter and exit. So everything you have mentioned is correct except monitoring the price that is stressful and  completely unnecessary for those who want to invest and hold. Simply chose a method of accumulating Bitcoin that enable you to be consistent and then implement measures that allow you to hold safely in your private wallet.

[Gragebox]

In my opinion it is very important to plan well, you need to know your income, expense and how you can save and the money that you can invest as well as the need for you to have a specific goal because you do not want to sell during the time the market is down. Investment is not as complex as trading but that should not be a reason to go in without any preparation, you need to know what you are investing in and the risks associated with it.

So you are now saying that someone that wants to start his bitcoin investment should study his cash flow first and plan well before starting, when their is an availability of discretionary income?
You don't need all that mate, because once you have your discretionary income, you can start right away, and their is no need to be saving up before starting, just start your accumulation once your discretionary income is available, them every other things can be learnt while already in it. Wasting time in starting may bring forth procrastination and discouragement, so starting right away once you have a discretionary income available is the best.

Waiting for the 'right' dip can be a problem, because nobody knows where the bottom will be or when the correction will run its course. The price can go lower after you buy, but it can also move higher before you expected to, and you end up waiting while the market moves upward.

This is where DCA can be a helpful tool for someone who has a long-term accumulation plan in place. Instead of trying to predict all market movements, they can buy a fixed amount at regular intervals. This doesn't guarantee profit or eliminate Bitcoin's volatility, but it can take some of the pressure off from timing the right entry point.

However, DCA can still not be used when relying on the money to fund daily expenses or emergencies to accumulate more Bitcoin, and this adds some unwanted pressure. A solid, continuous strategy and good risk management can be a more realistic goal than trying to time every correction.

[samadam007]

DCA can be a helpful tool for someone who has a long-term accumulation plan in place. Instead of trying to predict all market movements, they can buy a fixed amount at regular intervals. This doesn't guarantee profit or eliminate Bitcoin's volatility, but it can take some of the pressure off from timing the right entry point.

However, DCA can still not be used when relying on the money to fund daily expenses or emergencies to accumulate more Bitcoin, and this adds some unwanted pressure. A solid, continuous strategy and good risk management can be a more realistic goal than trying to time every correction.

The DCA amount doesn’t have to be fixed forever. You can start with a reasonable amount and continue to increase it as your income improves. Some folks may even choose to become more aggressive with their Bitcoin allocation, as long as you don’t over stretch beyond financial capacity then it’s perfectly fine.

Also make sure you’re building your emergency funds and reserve funds along side your ongoing accumulation, to reduce the chances of force selling when you’re in a bad situation.

[Son Of Blockchain (SOB)]

The DCA amount doesn’t have to be fixed forever. You can start with a reasonable amount and continue to increase it as your income improves. Some folks may even choose to become more aggressive with their Bitcoin allocation, as long as you don’t over stretch beyond financial capacity then it’s perfectly fine.

Also make sure you’re building your emergency funds and reserve funds along side your ongoing accumulation, to reduce the chances of force selling when you’re in a bad situation.

That's true cause the money left for discretionary fund can't remain the same, as we tend to generate more capital same way we'll have more to spare for discretionary. Therefore the discretionary funds for investment would always adjust according to the situation of our income and how much we can spare for it.
 That's a good advise dude, bad situations are things that are unpredictable but bound to happen so since we can't tell the exact moment they'll happen we should always put ourselves in a prepared position for it so we don't get tempted to withdraw money from our investment to solve those situations.

[Cgrexp]

The DCA amount doesn’t have to be fixed forever. You can start with a reasonable amount and continue to increase it as your income improves. Some folks may even choose to become more aggressive with their Bitcoin allocation, as long as you don’t over stretch beyond financial capacity then it’s perfectly fine.

Also make sure you’re building your emergency funds and reserve funds along side your ongoing accumulation, to reduce the chances of force selling when you’re in a bad situation.

That's true cause the money left for discretionary fund can't remain the same, as we tend to generate more capital same way we'll have more to spare for discretionary. Therefore the discretionary funds for investment would always adjust according to the situation of our income and how much we can spare for it.
 That's a good advise dude, bad situations are things that are unpredictable but bound to happen so since we can't tell the exact moment they'll happen we should always put ourselves in a prepared position for it so we don't get tempted to withdraw money from our investment to solve those situations.

A good investment plan should not only consider how long to hold it for, but also create a financial system so that even if unexpected life events occur, there is no pressure on the investment capital. The amount of discretionary fund that is kept for additional expenses outside of investment cannot be the same for everyone. Even for the same person, responsibilities and living expenses can change over time. Therefore, instead of seeing this fund as a fixed amount, it should be adjusted regularly in line with one's current income, necessary expenses, and financial capacity. If income increases, the fund can also be increased gradually according to ability. If separate objectives are set for each of the necessary expenses, emergency fund, savings, and investment, the entire financial plan is much clearer. First, ensuring daily and necessary expenses, then creating adequate security for emergencies, and then continuing long-term investments according to ability. Such a structure can reduce our financial stress to a great extent. An emergency fund is not an alternative to our investments, but a system to protect our investments. If we set aside some money in advance, the pressure of breaking the investment will be reduced if a sudden danger arises. Ultimately, good investment is not just about creating wealth. Rather, it is about creating a financial system where even when bad times come, our long-term plans will not be unnecessarily disrupted.

[Saltysugar99]

If you are a long term investor, which is the right way to go, you don't have to keep your eyes on the price because doing that makes you appear like a trader that is always monitoring the market to know when to exit enter and exit. So everything you have mentioned is correct except monitoring the price that is stressful and  completely unnecessary for those who want to invest and hold. Simply chose a method of accumulating Bitcoin that enable you to be consistent and then implement measures that allow you to hold safely in your private wallet.

For long term investors, staring at charts all day is unnecessary and often counterproductive. Monitoring the price of Bitcoin or frequently checking the price to see how much it has increased or decreased is not a problem unless investor changes his investment planning depending on this price. A long term investor can occasionally check the price of Bitcoin. There is no problem with that. The problem starts when he changes his buying planning by looking at the price every day. Excitement when the price goes up, panic when it goes down, then changing the buy amount, thinking about selling. Then the market is not following your strategy, but your strategy has started following the market. For me, the big advantage of long term accumulation is reducing the decision frequency. If you decide on a sustainable buying method according to your cash flow, such as weekly, biweekly or monthly accumulation, then there is no need to do market analysis before buying every time. Whether there is discretionary income available is more relevant. Whether Bitcoin is at a higher price or a lower price today is not that important. The more important thing here is that the stress of a long term investor does not only come from the price, but also from his financial setup. If you have put money in Bitcoin that will be needed very soon, then even if you do not see the chart, the price decline can eventually put you in trouble. Therefore, a safe buying structure is needed before safe holding. A long term investor should focus on accumulation, consistent, secure custody and patience, cash flow. It's good to be able to observe the market by looking at the price, but the market shouldn't force you to create a new strategy every day.

[Son Of Blockchain (SOB)]

For long term investors, staring at charts all day is unnecessary and often counterproductive. Monitoring the price of Bitcoin or frequently checking the price to see how much it has increased or decreased is not a problem unless investor changes his investment planning depending on this price. A long term investor can occasionally check the price of Bitcoin. There is no problem with that. The problem starts when he changes his buying planning by looking at the price every day. Excitement when the price goes up, panic when it goes down, then changing the buy amount, thinking about selling. Then the market is not following your strategy, but your strategy has started following the market.

People who mostly spend time monitoring charts are traders not long term investors, even some traders barely have time to be consistent with monitoring the market, they now use the help of AI while they attend to other important activities. However long term holder don't need to consistly observe chart but be consistent with buying.
 Why traders monitor the market is so they'll know when to exit and a good buying point but it doesn't work with long term investors cause their reason for investment is to buy and hold longer before taking profits in the future when the investment is matured for that, so there's no need to be glued to charts.

[Moreno233]

While DCA is a good strategy, it is not the only suitable method for everyone. A long-term investor's decision may vary depending on his income pattern, available capital and risk tolerance. You may have a regular income and the opportunity to invest monthly, so DCA can be very effective for you. But if there is an investor who already has a large amount available and has a long-term plan and mentality, then a full or partial lump sum can be considered logical for him.

More important than calling a strategy good or bad, is how consistently the investor is able to follow that strategy. Investors also need to consider whether the strategy suits his financial situation.

The DCA method may not be the only method for long term accumulation of Bitcoin but it is the best method I have seen and I highly recommend it for everyone because it has helped me become more organised in my approach to Bitcoin accumulation. Before I started using the DCA method, there is usually this confusion, fear and indecision I face when I want to buy Bitcoin. This often made me delay buying or sometimes miss entering because of waiting what I thought was the best price to enter.  The annoying part is that such misses sometimes make me use the money for something else that is not Bitcoin investment.

Howver, when I learnt about the DCA method, everything become easy, I know when to buy and I no longer struggle to pull the trigger. As log as the time for me to buy reaches, irrespective of the price, I'm in and that is so peaceful. The DCA method will clear a lot of the psychological burden people face when accumulating Bitcoin for long term.

[Gragebox]

The DCA method may not be the only method for long term accumulation of Bitcoin but it is the best method I have seen and I highly recommend it for everyone because it has helped me become more organised in my approach to Bitcoin accumulation. Before I started using the DCA method, there is usually this confusion, fear and indecision I face when I want to buy Bitcoin. This often made me delay buying or sometimes miss entering because of waiting what I thought was the best price to enter.  The annoying part is that such misses sometimes make me use the money for something else that is not Bitcoin investment.

Howver, when I learnt about the DCA method, everything become easy, I know when to buy and I no longer struggle to pull the trigger. As log as the time for me to buy reaches, irrespective of the price, I'm in and that is so peaceful. The DCA method will clear a lot of the psychological burden people face when accumulating Bitcoin for long term.

DCA certainly helps with making Bitcoin accumulation more disciplined and takes some of the stress out of trying to time the perfect entry price. Chasing after the lowest price is just asking to procrastinate and end up spending it elsewhere. DCA can also help impose some discipline on the process as simply having a regular schedule helps introduce consistency.

DCA doesn't eliminate the price risk of Bitcoin, so each one must use an amount and schedule that they can live with.

For the long-term investor, this could be the most significant advantage of DCA, being more consistent over the long term.

[Agbam]

Buying the dip is not wrong at all, but the only thing that is required is that we should know the kind of money that we are going to use in purchasing the dip, and again our mindset matters a lot because some people are just open to have a discretionary income which they don't have positive mindset to leave it for a very long term, which is why it is very important for us to know exactly what we want and what we want to do when it comes to a bitcoin investment.

Many people are just rushing into invest in Bitcoin but they could not be able to ask the required things that necessary, some of this people does not know anything about DCA, they are just being carried away with the price of Bitcoin and that was why they wanted to take the advantage of dip but not with the mindset of a long term investment. This is kind of people that normally give up and loss at the end of their investment.

Buying the dip is just equally a strategy to buy Bitcoin and despite DCA being more advantageous there are certainly those who prefer to wait out for the dip before investing. It might not be totally wrong to buy the dip but the problem is how it mostly lead to missed opportunities by waiting. Investing in Bitcoin requires no waste of time, it should be  done immediately that why DCA is the best as it helps to reduce impact of volatility which everyone fears.
We don't need to only only use our discretionary income to buy the dip alone, but invest in Bitcoin generally regardless of the strategy we make use of.

I see most of the people more interested in buying the dip as traders. They have no long term mindset, they are just in it for the profit and that alone is a wrong step as an investor. They can easily get emotional and sell prematurely when the price doesn't move as they've expected.

The little problem of missed opportunity is a significant reason why buying on dips is not advisable. In the last two years, Bitcoin has shown that buying on dips isn't the preferred method of accumulating for beginners. Buying on dips is better when the investor has met a certain stage in his accumulation target. For instance, if an investor's target is to buy 100% of 1 Bitcoin within the space of 5 years. If he eventually reaches 70% to 80% of that target in 2 years, the remaining 20% or 30% can be bought by waiting for a dip. That way, buying on a dip will be more advantageous, that is if Bitcoin doesn't start creating an ATH.

The most preferable is when the investor has met his target. Any other strategy, like buying on a dip, is to take advantage patiently in the market, knowing that even if there is no dip, you didn't waste your time and you've reached your target.

Don’t make it sound like buying the dip is a bad thing, to me it’s a reasonable thing to do.

The only time it might become a bad idea is if the investor decides to making buying the dip a prerequisite for their next purchase, that’s when it becomes a problem because that’s no longer a disciplined accumulation process, it has turned into trying to time the market and that’s not a proper way to go bitcoin investment.

Buying the dip should be used as a way to complement a person’s accumulation strategy rather than to replace it.

I don’t understand you, even in your defense you’ve contradicted yourself and supported why buying the dip strategy is not advisable.

I like to think that everyone who invests in bitcoin and accumulates consistently at one point or the other will buy the dip but when people talk about buying the dip strategy it means they’re timing the market to see when it’ll be low enough for them to buy.., As we often see with @WindFury.

[I_Anime]

For long term investors, staring at charts all day is unnecessary and often counterproductive. Monitoring the price of Bitcoin or frequently checking the price to see how much it has increased or decreased is not a problem unless investor changes his investment planning depending on this price. A long term investor can occasionally check the price of Bitcoin. There is no problem with that. The problem starts when he changes his buying planning by looking at the price every day. Excitement when the price goes up, panic when it goes down, then changing the buy amount, thinking about selling. Then the market is not following your strategy, but your strategy has started following the market.

People who mostly spend time monitoring charts are traders not long term investors, even some traders barely have time to be consistent with monitoring the market, they now use the help of AI while they attend to other important activities. However long term holder don't need to consistly observe chart but be consistent with buying.
 Why traders monitor the market is so they'll know when to exit and a good buying point but it doesn't work with long term investors cause their reason for investment is to buy and hold longer before taking profits in the future when the investment is matured for that, so there's no need to be glued to charts.

Unless you don’t have anything else going on in your life that’s when you will have time to always stare at your monitor. Even traders don't stay on their monitor for that long either , many usually have the mindset of getting a better an entry which will lead to them timing the market . Having a good entry to come with an edge but waiting for it is totally another different thing , because you are going to miss countless opportunities because of that .

[Perfect-World]

 People who mostly spend time monitoring charts are traders not long term investors, even some traders barely have time to be consistent with monitoring the market, they now use the help of AI while they attend to other important activities. However long term holder don't need to consistly observe chart but be consistent with buying.
 Why traders monitor the market is so they'll know when to exit and a good buying point but it doesn't work with long term investors cause their reason for investment is to buy and hold longer before taking profits in the future when the investment is matured for that, so there's no need to be glued to charts.

Unless you don’t have anything else going on in your life that’s when you will have time to always stare at your monitor. Even traders don't stay on their monitor for that long either , many usually have the mindset of getting a better an entry which will lead to them timing the market . Having a good entry to come with an edge but waiting for it is totally another different thing , because you are going to miss countless opportunities because of that .

What the hell is 'good entry' or 'having a good entry?' That is only a term to keep you away from buying as soon as you can.

With your discretionary income available, and as an investor, you should Buy and HODL. You don't need any shit good entry to start.

Your discretionary income and a common sense is cool enough to get started. Build up your emergency funds alongside and keep HODLing.  Everytime is a good time to start if you have your Discretionary. NO timing the market, those are for fat old lazy investors.