JJG’s Outline of Bitcoin Investment Ideas

[SPIDERMAN008]

As a new investor, having a plan to invest consistent is very important, and I wouldn’t discourage the beginners from buying  the dip either, what really matters most is regular buying of bitcoin, as long as the dips wouldn’t affect their main plan of regular accumulating bitcoin, to have place for dip does not really hurt. And for the lump sum, I just understand reason why some folks would think of the options you just mentioned, if eventually they get some cash, it not necessarily means they must put everything into bitcoin at once, they can spread some money over a period or buy some now. But this third one, newbie have to be careful. Because they can see that waiting for dip sound so simple, before they realize that no one knows when it will happen, and they may end up regret why not start early.

Beginners are not forbid to buy or invest during the dip but rather it is advised  not to wait for the Dip before they can think of starting, everyone who is into Bitcoin Investment has the right to invest during the dip be it beginner or not but being aggressive in that moment is not for  every investor but for only those that has kept and prepared prior to that moment and if someone try to maneuver it to take advantage it will become a disadvantage to them instead because they will use money meant for other essentials.

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

[BluebloodCXVI]

I feel that one should take into account the investor's cash flow in conjunction with the strategy. If someone gets paid a steady wage. Their life is far different from someone getting a large sum of money, but just once in a while. With the latter. DCA can offer a straightforward strategy that doesn't demand constant price monitoring. Of the two. They start thinking about whether they should invest the amount as a lump sum or split it into smaller amounts and make regular investments. Or set aside a small sum for dips in the market. What's crucial is to have a plan in place. Not adjusting the strategy at every sharp move in Bitcoin. This can help avoid letting emotions become a factor in the decision.

Don’t let us make the mistake of simplifying the whole situation here down to just choosing between DCA or Lump Sum, the person needs to actually have a good and solid investment plan that is compatible with their overall financial predicament and then stick to it before any investment type they choose can work.

If a person receives a large amount of money at once and they decide that they want to split it into smaller bit so as to make smaller purchases instead of buying with the whole money, I’d say that’s a reasonable thing to do because it can help manage their entry risk and also their emotions too.

On the other hand, i wouldn’t advice anybody to keep way too much cash idle just because they want to buy a dip, it can backfire on the person especially if the market price keeps going up.

[ZeroVinsonN]

It is only the DCA strategy that can give you that balance you are talking about. As you already know that the DCA is suitable to every market types, and it suits whatever financial position you find yourself. Anyone that don’t want to go through the hassle, of adjusting their finances all the time due to not know the right strategy to go with, should just settle for the DCA method.

The DCA like any other bitcoin investment strategy only works if you have your discretionary income, as long as you are not investing from your discretionary income then it's pointless to even use the DCA and tell yourself the strategy will work for you, this is because you will just end up selling soon after buying when you realize that money was meant for something else, so while the DCA is the best bitcoin investment strategy we should also make sure that we are investing only with our discretionary income. Anything outside of that and we are not really investors.

[Just Say]

~~

There are probably multiple strategies that don't have much impact on investing. It's just a matter of following your heart's desires and creating your own unique strategy.

There are not multiple strategies that are relevant in this thread, since we are talking about my investment ideas in this thread.

If a guy is still accumulating bitcoin, then there are three ways to buy bitcoin 1) lump sum, 2) DCA and/or 3) buying on dips that might not happen.

If you think that there are other strategies that are relevant, then you need to present them and describe them in terms of my own various ideas about strategies that are fairly limited, especially for guys who are investing in bitcoin and in their early years of building their bitcoin holdings.

@ Jewan420 seem to have forgotten that no strategy that can be compared with this above mentioned strategies, every other strategy apart from this ones that is been listed by jayjuangee are all inferior and if guys do not  stop using those strategy and adopt this ones especially the DCA, they might end up making a very big mistake in their investment or even end up as no coiners. I don't even see any reason why a person will be trying to employ his or her own strategy when there are already existing strategies for Bitcoin investment, the only thing we need to do is to figure out the one that will be suitable for our Bitcoin accumulation rather than trying to employ something we are not sure if it will work or not.

All strategies are suitable for investing in bitcoins because if we have cash flow or discretionary income th it is possible to invest using any method such as 1) DCA 2) Buy and hold 3) Lump sum but among these strategies we can strategize ourselves by dividing the financial system we have i.e. while investing in DCA method we can have the advantage of buying bitcoins monthly weekly or quarterly or ev two to three times a month while buy and Hold is buying bitcoins and keeping them in the bitcoin portfolio for a long time.

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

[Merit.s]

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

When you reserve money down to buy when there's a dip, it's called buying at the dip and not lump sum no matter how much the money is. Lump sum means that you buy right away irrespective of the price of bitcoin and not waiting for a dip.

I don't like the idea of piling up cash just because you want to buy aggressively at the dip, it's another way of waiting for the deep before you can be aggressive which wouldn't boost up your bitcoin investment portfolio fast because if the dip didn't come, you will keep holding the money and miss out a lot of opportunities to build and grow your bitcoin stash in a fast pace. Instead, add those extra money you are piling up for the dip to your DCA amount and buy more bitcoin. However, I'm not talking about your reserve funds because that's one of the purposes to use it to buy at  the dip

[Tongley]

All strategies are suitable for investing in bitcoins because if we have cash flow or discretionary income th it is possible to invest using any method such as 1) DCA 2) Buy and hold 3) Lump sum but among these strategies we can strategize ourselves by dividing the financial system we have i.e. while investing in DCA method we can have the advantage of buying bitcoins monthly weekly or quarterly or ev two to three times a month while buy and Hold is buying bitcoins and keeping them in the bitcoin portfolio for a long time.

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

You are probably confused between the DIP method and the lump sum method. The method you mentioned is the DIP method. The lump sum investment method is to buy whenever you get money and the DIP method is to wait for the fall and buy whenever the market falls, this is the DIP method.

However, I do not think the DIP method is very good and does not seem convenient. Because in the DIP method, a person has to wait for the unknown future and the opportunity to buy is lost. Many times it is seen that many people lose the humanity of investing while waiting for the fall in the market. Many people are afraid to buy when the market falls while waiting for the fall.

[B-BossMan]

On the other hand, if his weekly budget is $120 rather than $100, then sure maybe he could hold back $20 per week in order to potentially buy some dip with that extra $20 per week, yet I doubt that there are going to be any major differences in terms of holding back some of the value (such as the $20 per week) or not, yet a guy might still feel good when he is able to buy extra bitcoin during dips.

There are probably multiple strategies that don't have much impact on investing. It's just a matter of following your heart's desires and creating your own unique strategy.

There are not multiple strategies that are relevant in this thread, since we are talking about my investment ideas in this thread.

If a guy is still accumulating bitcoin, then there are three ways to buy bitcoin 1) lump sum, 2) DCA and/or 3) buying on dips that might not happen.

If you think that there are other strategies that are relevant, then you need to present them and describe them in terms of my own various ideas about strategies that are fairly limited, especially for guys who are investing in bitcoin and in their early years of building their bitcoin holdings.

I agree with you that, when it comes to building a strong or meaningful Bitcoin standings, I don't think there's any strategies apart from the ones you've listed. All these strategies has thier own roles to play and are simple to approach depending on the person's financial stability or the availability of the discretionary income. Non of them seem difficult to approach, but sticking to one of them and be maintaining it for long-term growths than choosing or looking for a new strategies before entry.

As a newbie, advisablelly, sticking to DCA strategy and be buying bitcoin gradually with any available discretionary income is much more better than looking for a perfect entry, just be consistent with what soothing you an griw the habit if long-term holdings and be patience enough. Waiting for the perfect time is a totally waste if time.

[Futurexxx]

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

Their is no where it's written that buying the dip is a bad idea, or getting excited about it is a bad thing, as long as you are not waiting for it, then it's fine.

The main reason new investors are adviced against buying only the dip is that it's going to delay their accumulation, since they will have to wait for it, and they are not going to buy and add to their stash if the dip doesn't come, but if they are buying consistently through the dca accumulating strategy, in no distance time, their stash will grow faster, but dip buying strategy is not the case.

[Grease5000]

As a new investor, having a plan to invest consistent is very important, and I wouldn’t discourage the beginners from buying  the dip either, what really matters most is regular buying of bitcoin, as long as the dips wouldn’t affect their main plan of regular accumulating bitcoin, to have place for dip does not really hurt. And for the lump sum, I just understand reason why some folks would think of the options you just mentioned, if eventually they get some cash, it not necessarily means they must put everything into bitcoin at once, they can spread some money over a period or buy some now. But this third one, newbie have to be careful. Because they can see that waiting for dip sound so simple, before they realize that no one knows when it will happen, and they may end up regret why not start early.

This why I always tell investors about the beauty of the DCA strategy, as long as an investor have some discretionary income he can buy bitcoin little by little over a regular interval or continuously. And he also have the opportunity to buy more bitcoin bitcoin during price dip using the same amount of money while using the DCA strategy, without having to worry about timing or to predict price dip.

And if eventually they get some cash just like you said the thing to do  is to settle all your essentials needs which includes rent, food and so, after that  if you have any money left which now your discretionary income you can share it into three places, use one portion of it to buy bitcoin, one as emergency fund in case of any emergencies and remaining as backup fund in case you will need extra money for any use.

And don't forget that buying the dip should not become part of the main accumulation plan. If someone has discretionary income available for bitcoin, waiting for a dip means trying to predict the market. The dip may  either come later, or the price may keep going up.

[abaeze]

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

Is there any guarantee that the price will not fall by another 20% or 30% or more after a 10% correction? So, the idea of ​​buying immediately after a 10% correction when the price hits a new high is wrong because if the price corrects, someone might think that if the price drops a little, they will buy later, and in the end, they do not buy anymore. So waiting for the dip can lead to missed opportunities. It is not possible to invest in a volatile asset like Bitcoin, especially knowing in advance when the future dip will come or whether it will come at all.

Eventually, the best way for new investors to invest in Bitcoin is to manage long-term investments with the money left over after meeting all family expenses with discipline according to their financial capabilities and to continue investing for the planned period by adopting the DCA strategy without seeing repeatedly the price rise and fall in the middle of the investment or listening to anyone's words. This is how it is possible to do well in investing and succeed.

[Joeboy]

~snip~

Their is no where it's written that buying the dip is a bad idea, or getting excited about it is a bad thing, as long as you are not waiting for it, then it's fine.

The main reason new investors are adviced against buying only the dip is that it's going to delay their accumulation, since they will have to wait for it, and they are not going to buy and add to their stash if the dip doesn't come, but if they are buying consistently through the dca accumulating strategy, in no distance time, their stash will grow faster, but dip buying strategy is not the case.

Let me very well assume that we all have the intuition to figure out the Investment strategy that is productive over the course of our accumulation journey, and so it dosen't have to be documented down before investors would know how detrimental a particular strategy could be to their Bitcoin portfolio over time... Of course buying the dip is a method by which folks could very well accumulate Bitcoin, that I don't dispute...But the fishy thing there is that we cannot with an 100% certainty know when a dip will occur, and if buying the dip is your major buying strategy, then I will tell you for free that it will always make you to wait for even more cheaper entry points even if that was never your intention...  Too much reliance on buying the dip will always make you to anticipate bigger dips and in so doing you may very well be delaying yourself unnecessary...But all this is totally avoidable when you rather stick to the DCA method since it very well allows the regular accumulation over trying to predict/or wait for price dips...

[Emjay24]

I feel that one should take into account the investor's cash flow in conjunction with the strategy. If someone gets paid a steady wage. Their life is far different from someone getting a large sum of money, but just once in a while. With the latter. DCA can offer a straightforward strategy that doesn't demand constant price monitoring. Of the two. They start thinking about whether they should invest the amount as a lump sum or split it into smaller amounts and make regular investments. Or set aside a small sum for dips in the market. What's crucial is to have a plan in place. Not adjusting the strategy at every sharp move in Bitcoin. This can help avoid letting emotions become a factor in the decision.

Someone's regular income might still be producing a large discretionary income to follow-up their investment journey with large sums depending on the level of their aggressiveness, they can still follow up their regular buys with a big buying amount, same goes to an investor who gets a bigger discretionary income on an irregular note, they can choose to lump sum at once or spread it out to several buying periods. as long a they're both buying when their discretionary income is available, they're following up their DCA with consistency. Anyone can use DCA as long as they can maintain consistency in their buys with availability of discretionary income.

Constant price monitoring before investing doesn't sound like DCA, it's clearly gambling on the price. In DCA you buy regardless of the current price. The goal is to consistently acquire bitcoin over a long period of time and attempt reaching your accumulation target within the designated period. If you allow emotions get in the way, you might make some wrong decisions easily, it is important you're disciplined enough to stick to the plan of constantly enlarging your portfolio irrespective of the price, so you don't end up gambling on bitcoin price in one way or the other.

[Qhunman]

Too much reliance on buying the dip will always make you to anticipate bigger dips and in so doing you may very well be delaying yourself unnecessary...But all this is totally avoidable when you rather stick to the DCA method since it very well allows the regular accumulation over trying to predict/or wait for price dips...

Personally, i don't consider buying the dip as an effective strategy to accumulate bitcoin because waiting for the dip that you're not sure would occur can delay your accumulation pace, and also while you are waiting for the dip,you might even change your mind or start dipping into your discretionary income that you had saved to buy when it dip on other things..and when it finally dip, by then you must have spend all your discretionary income that was available...ofcourse that's why using the dca strategy to accumulate bitcoin is the more effective because it allows you to buy consistently, steadily, persistently and confidently regardless of the size of your discretionary income as you can build your portfolio without any need to time the market..

[sidrabtc]

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

Is there any guarantee that the price will not fall by another 20% or 30% or more after a 10% correction? So, the idea of ​​buying immediately after a 10% correction when the price hits a new high is wrong because if the price corrects, someone might think that if the price drops a little, they will buy later, and in the end, they do not buy anymore. So waiting for the dip can lead to missed opportunities. It is not possible to invest in a volatile asset like Bitcoin, especially knowing in advance when the future dip will come or whether it will come at all.

Eventually, the best way for new investors to invest in Bitcoin is to manage long-term investments with the money left over after meeting all family expenses with discipline according to their financial capabilities and to continue investing for the planned period by adopting the DCA strategy without seeing repeatedly the price rise and fall in the middle of the investment or listening to anyone's words. This is how it is possible to do well in investing and succeed.

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.
DCA is currently one of the best options because I am using this and have the mindset to stay with this until I am able. After this, I will be making some changes, but now I'm just investing and enjoying this Bitcoin.
Listening is good, but it's never been ideal to give up on our strategy because it always works better and has a good chance of keeping all things on a good track. There is enough potential in Bitcoin, so now hopefully I will be able to show good results at the end.

[Saltysugar99]

Too much reliance on buying the dip will always make you to anticipate bigger dips and in so doing you may very well be delaying yourself unnecessary...But all this is totally avoidable when you rather stick to the DCA method since it very well allows the regular accumulation over trying to predict/or wait for price dips...

Personally, i don't consider buying the dip as an effective strategy to accumulate bitcoin because waiting for the dip that you're not sure would occur can delay your accumulation pace, and also while you are waiting for the dip,you might even change your mind or start dipping into your discretionary income that you had saved to buy when it dip on other things..and when it finally dip, by then you must have spend all your discretionary income that was available...ofcourse that's why using the dca strategy to accumulate bitcoin is the more effective because it allows you to buy consistently, steadily, persistently and confidently regardless of the size of your discretionary income as you can build your portfolio without any need to time the market..

Buying a dip is not the same as waiting for a dip. There is no problem in buying more Bitcoin with discretionary money when  dip comes. The problem starts when a newcomer stops regular accumulation and waits for a price that he does not know will come or not. Suppose someone has $200 genuine discretionary income per month. If he buys Bitcoin regularly with that money, then his stash will gradually grow whether the price is up or down. But if he thinks that he will deposit $200 as fiat, then when a big DIP comes, he will invest in Bitcoin with a large amount. If Bitcoin goes up further without his expected dip, then he will not be able to buy Bitcoin at a lower price. And the discipline you mentioned is also important. Even if someone sets aside money as  dip fund, there is no guarantee that that money will be available in the same way after six months. The fund can decrease due to any unnecessary purchase, lifestyle expense. Then when the market finally dip, he will not have the money to buy. In other words, the problem here is not only predicting Bitcoin's price, but also predicting your own behavior. So I think it's better to continue investing in Bitcoin regularly rather than deciding to buy on  dip.

[Abbatty]

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.
DCA is currently one of the best options because I am using this and have the mindset to stay with this until I am able. After this, I will be making some changes, but now I'm just investing and enjoying this Bitcoin.
Listening is good, but it's never been ideal to give up on our strategy because it always works better and has a good chance of keeping all things on a good track. There is enough potential in Bitcoin, so now hopefully I will be able to show good results at the end.

The DCA strategy is the best when it comes to investing in Bitcoin, it a strategy that gives you total conveniency in investing. I see you mentioning profit a couple of times, just know bitcoin investment is not about that, it about investing for the future, it about making plans for the future, so when investing we should take away making profit, because it not even guaranteed.

Sometimes when we focus on profit making in bitcoin invest, we are triggered to make so many wrong decisions because at the end our emotions will get the better of us.

[Showlove01]

All strategies are suitable for investing in bitcoins because if we have cash flow or discretionary income th it is possible to invest using any method such as 1) DCA 2) Buy and hold 3) Lump sum but among these strategies we can strategize ourselves by dividing the financial system we have i.e. while investing in DCA method we can have the advantage of buying bitcoins monthly weekly or quarterly or ev two to three times a month while buy and Hold is buying bitcoins and keeping them in the bitcoin portfolio for a long time.

Even lump sump is investing in bitcoins with a certain amount of money, it is better to adopt this method mainly during market bottoms or major declines because my opinion wh the price of bitcoins drops like 10% from its highest peak to the root of a big decline, investing in this lump sum method is the most profitable in the long term.

You have just twisted all the strategy you mentioned and it is wrong because you can mislead newbie with such information. first there is no such method in bitcoin investment as buy and hold rather what we have is " Buy the dip and hold" because every investor is actually buying to hold or is there any investor that is not buying to hold? so that is not a strategy. And again, the lump sum method is not actually investing with a certain amount of money because discretionary income can not be constant it will always vary no matter anything unless the investor has a strong cashflow or numerous cashflow.

[Stive009]

No one can give any guarantees about anything, but still staying with a solid strategy and having things for the long term is always profitable because these are giving good returns. I am reading and studying a few things because these are early days and I need enough knowledge.
DCA is currently one of the best options because I am using this and have the mindset to stay with this until I am able. After this, I will be making some changes, but now I'm just investing and enjoying this Bitcoin.
Listening is good, but it's never been ideal to give up on our strategy because it always works better and has a good chance of keeping all things on a good track. There is enough potential in Bitcoin, so now hopefully I will be able to show good results at the end.

The DCA strategy is the best when it comes to investing in Bitcoin, it a strategy that gives you total conveniency in investing. I see you mentioning profit a couple of times, just know bitcoin investment is not about that, it about investing for the future, it about making plans for the future, so when investing we should take away making profit, because it not even guaranteed.

Sometimes when we focus on profit making in bitcoin invest, we are triggered to make so many wrong decisions because at the end our emotions will get the better of us.

Sir DCA is undoubtedly one of the most practical strategies for accumulating Bitcoin over the long term. However I view the idea that one must completely disregard the concept of profit somewhat differently.

Yes Bitcoin investment should be viewed as long-term financial planning rather than a means for quick profit. There is no guarantee of making a profit from Bitcoin. Beginners in particular need to understand from the outset that the price of Bitcoin does not move in just one direction it fluctuates both up and down. Investment success is not guaranteed so one should not invest in Bitcoin with a mindset expecting guaranteed profits.

However believing that profit is possible and blindly chasing after profit are two completely different things.

The problem lies not in the profit itself but when profit becomes the investor's sole objective. That is when people try to profit from every market movement chase pumps panic sell during dips and constantly alter their strategies. Eventually emotion takes the place of rational investment decisions.

A long term investor may well have financial targets for the future. They accumulate Bitcoin to strengthen their financial position and in the hope of potential returns. Yet they must also understand that such an outcome is not guaranteed.

This is where the importance of DCA lies. There is no need to constantly hunt for the perfect market entry point. The key is to invest regularly within one's means avoid becoming overly emotional about short term price fluctuations and allow time to work in one's favor. Even small amounts invested consistently over a long period can build a meaningful position.

However DCA is only effective when the invested capital is within one's means. Pouring money meant for daily expenses or emergencies into Bitcoin to practice DCA is not a healthy strategy. Keeping an emergency fund separate and investing regularly from discretionary income makes the long-term approach far more sustainable.

Therefore I do not believe one must completely abandon the thought of profit when investing in Bitcoin. Rather profit can be viewed as a goal but one should not become obsessed with it.

Investing in Bitcoin solely with the hope of making a quick profit is the wrong mindset.  As for a long-term plan the true investment mindset involves practicing DCA within one's means accepting volatility and continuing to accumulate assets year after year.

Profit can be a potential outcome but the real problem arises when one compromises their investment strategy in the pursuit of profit.

[Crakryptvest]

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

Your are spot on, beginners shouldn't have any reason to hold on to buying only in the dips particularly, there are different buying opportunities in the market, why will they subject themselves to buying the dip alone, when they can benefit from buying in all time, perhaps buy more at all dips if that's the case, one thing beginners should be more particular about, is meeting up their target, and how can they get it done, it is by not concentrating on the dip alone, buying through the DCA method, slow and steady, if an investor wants to meet their target how they plan it on a long-term, more especially newbies, every market opportunity should be leveraged on.

[Sobz]

If new investors get too excited to buy Bitcoin on DIP at the beginning, it can hinder their long term Bitcoin accumulation. A new investor has less experience. They have less understanding of the kind of mental pressure created by Bitcoin price volatility. Because the investment period is short, they also have less experience in how to control themselves during these bear market. It seems logical to me that if an investor abandons the mindset of buying on dip from the beginning and keeps a long term accumulation strategy fixed and regularly DCAing with discretionary income for a minimum period of 4 to 10 years, then it increases the chances of making long term profit.

You shouldn't generalise it and assume this how all beginners are. Some beginners have that mentality of buying in the dip and they expect to get profit very quick. For a beginner who have understand bitcoin volatility and know bitcoin to be longterm investment,  their is nothing wrong wrong buying bitcoin in the dip. Although for some beginners it is not easy for them to control their mind as they buy in the dip and as volatility is taking place in the market,  this can be normal because one is getting used to volatility and hodling.  But because of this it should not stop beginners from buying the dip because their is no perfect time for a beginner to buy bitcoin. A beginner will surely go through this phase of investment and with time they will get used to it.