Things to keep in mind before accumulation of Bitcoin

[GreatArkansas]

Following those whales alert, it will make you more emotional because it adds to that feeling of yours of being frightened that a whale has just moved a huge amount of bitcoin from his wallet to an exchange.
(....)

Same here. Plus when there you can see some whale transactions and the price is going opposite to the expected behavior of the market it will become complicated.
I also believe that these whales can easily manipulate these whales alert platforms where they can just move or make transactions with a huge amounts just to try to affect the market for those people who are using whale alerts as one of their indicators.

[Ahli38]

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).

FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.

what you say is right. And indeed Panic is normal for all. But there is a difference between beginners and those with long experience with the market in responding to panic. Beginners when panic arises, the panic sometimes overwhelms their minds and logic. so that his mind became overrun with panic so that he could not think clearly. so that sometimes they sell out of panic without being based on logical analysis. even though they do the analysis, they still become more hasty in making decisions. so that more losses are felt by beginners. and that's only natural because everyone experienced in bitcoin trading and investing feels the same way at first. but over time the experience will strengthen the mental. so when the mental is strong. even if there is panic. will still be able to make wise decisions and continue to analyze without haste. people who speculate more than those who most often lose due to panic.

[lixer]

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.

This is where experience and practice are needed so that we can control our emotions to stay calm and be able to carry out the strategies that we have previously planned. For novice investors, panic may occur when FOMO or FUD is a normal occurrence, so self-control is needed by continuing to practice it. Moreover, waiting for a bullish market cannot be predicted by everyone, it could take longer than our analysis. Therefore, you have to prepare mentally from the start

It's not easy for people to stay calm during a period like this, I am not saying that they can't, I have been and I am keeping my coins right now and that's understandable, but that doesn't change the fact that crypto is not something that you could easily handle when it goes down, just because you and I can do it, doesn't mean that others would find it easy as well.

There are millions of people who got scared during this period and sold, while I was buying a lot more, my DCA is lower than the current price and that gives me a bit of comfort but even if it wasn't I would be able to see that bitcoin would recover and we could purchase a lot more and drop the DCA and you could profit a lot quicker.

[erep]

what you say is right. And indeed Panic is normal for all. But there is a difference between beginners and those with long experience with the market in responding to panic.

The very basic difference between beginners and those experienced in terms of investment methods and knowledge of market fluctuations, those who are experienced will not panic from any Fud knowing that Bitcoin journey has gone through many critical Fuds trying to bring down crypto in any way but in the end nothing worked. However, some beginners are very vulnerable to being influenced by the news of "classic fud" because of their unsettled investment knowledge and tend to invest to get instant profits without considering the risk of loss if market movements are beyond expectations under any circumstances.

[lucates]

Source

In this Post you will find about BTC accumulation and tips to keep in mind before shopping Bitcoin. Many of you have known BTC’s history if not then pay a visit here.
[/i][/b]

You put it in a good way, all the problems and solutions are explained well. Accumulation, distribution and re-accumulation often happen in every market, I guess. So, nothing to worry about this, but be aware and prepare. everything needs to be known about this phase to upstand in the market.

[dezoel]

I am not saying that we shouldn't accumulate, but if you are accumulating without a goal you are going to end up losing a lot of money. Some people accumulate and then sell too quickly, some people do and sell too late, never sell it at anything but either your retirement and have enough, or at the top.

If it reaches at the top of that cycle and you sell there, you could either spend that money or you could retire, also if you sell at a price where it is enough for you to never work again, that is a good reason as well. These are of course my two goals and I will sell only when this happens, but you could have something else in our mind that you would be willing to sell for.

[Lanatsa]

I am not saying that we shouldn't accumulate, but if you are accumulating without a goal you are going to end up losing a lot of money. Some people accumulate and then sell too quickly, some people do and sell too late, never sell it at anything but either your retirement and have enough, or at the top.

If it reaches at the top of that cycle and you sell there, you could either spend that money or you could retire, also if you sell at a price where it is enough for you to never work again, that is a good reason as well. These are of course my two goals and I will sell only when this happens, but you could have something else in our mind that you would be willing to sell for.

Always set goals or selling price because each person does have that kind of mindset or things in mind whenever they do make sell on the right time or would totally hold like it forever.When it comes to accumulation

then we do really believe about Bitcoins potential but we shouldnt really ignore the fact that there's a certain risk even up on dealing with the most established and trustable coin that we do have currently in the
market.
Always remember that you shouldnt put all of your funds or riches on BItcoin investment since there's no guarantee that it could give out positive results in the end of the line.
Make investment on something an amount which you are really that prepared on whats gonna happen on it.

[uchegod-21]

Whale's participations really have a huge market influence bringing most of us to rely upon them. We tend to know what really they do and plan next in order for us to be prepared but unfortunately, we did not.
In this situation of the market, DCAing is certainly the most applicable way of accumulating Bitcoin. Buy low, hold and sell if there is already a profit. In fact, this idea has already been practiced by many so I believe this is really working despite how these whales are doing and manipulating the market.

Whales will always be unpredictable, and they always move on their own and in silent way. As much as we want to know their market moves, it will be very impossible. So to lessen the risk and to avoid huge losses, DCAing is the most safe and secured strategy to use so we can acquire bitcoin every time its value declines. This works for most us, particularly for newbies in the market. But remember, always DYOR first before you start investing.

Since whales entered the crypto market things has not remained the same anymore. If you are trading, you will be strategizing against the market and also be strategizing against the institutional traders. There is no how you can successfully avoid them, that is why I recommend  DCA for a long term purpose.

Again, no matter any sure strategy that you use, ensure that you only invest what you are able to lose. We should observe this rule and have peace of mind.

[Questat]

I am not saying that we shouldn't accumulate, but if you are accumulating without a goal you are going to end up losing a lot of money. Some people accumulate and then sell too quickly, some people do and sell too late, never sell it at anything but either your retirement and have enough, or at the top.

Not only did we learn how to buy low and sell high, but also it was very important to know how to hold. And sadly, I'd found it not easy especially if we are too emotional which mostly changes the course of our plan, and ended up selling at loss.

If it reaches at the top of that cycle and you sell there, you could either spend that money or you could retire, also if you sell at a price where it is enough for you to never work again, that is a good reason as well. These are of course my two goals and I will sell only when this happens, but you could have something else in our mind that you would be willing to sell for.

A long-term investment is ideal for now knowing that we are struggling in the bear condition. Those who can manage to hold can really achieve their goal.
I also accumulated some and I keep DCAing in preparation for the upcoming halving, and I believe this won't disappoint me in the end.

[JayJuanGee]

I am not saying that we shouldn't accumulate, but if you are accumulating without a goal you are going to end up losing a lot of money. Some people accumulate and then sell too quickly, some people do and sell too late, never sell it at anything but either your retirement and have enough, or at the top.

If it reaches at the top of that cycle and you sell there, you could either spend that money or you could retire, also if you sell at a price where it is enough for you to never work again, that is a good reason as well. These are of course my two goals and I will sell only when this happens, but you could have something else in our mind that you would be willing to sell for.

I do not necessarily disagree with you, but I am not sure why you would need to sell your bitcoin in order to retire.  You can retire and still hold your bitcoin, no?  Why do you need to sell in order to retire.  Sure there may well be some points in which you diversify some of your value out of bitcoin because you consider that your bitcoin has gained in value more than all of your other assets, and you would not want to have too many of your eggs in one basket, but there is no real reason to diversify out of your bitcoin in order that you either do not hold bitcoin or you hold some kind of a low quantity of bitcoin.

Let's say  for example, you start with a very modest allocation of 5% of your total quasi-liquid investment portfolio in bitcoin, and you spend more than 8 years in bitcoin, and over those 8 years, bitcoin grows to such a rate that it becomes 95% of your total investment portfolio.   Merely because bitcoin went up 20x more than the other portions of your investment portfolio does not necessarily mean that you need to sell bitcoin into those other relatively losing assets - but maybe you might choose to sell 10-20% of your bitcoin in order to feel a bit more comfortable.. and of course, it would be up to you to decide how much of your bitcoin holdings to sell - but I don't think it is realistic or healthy thinking to attempt to balance your winner (bitcoin in this hypothetical) anywhere close to its original 5% allocation and it might not even be prudent to bring it below 50% because you have merely gained such wealth an prosperity through bitcoin, an you are not necessarily advantaged in playing around (with very much of your bitcoin stash) trying to guess about the peaks and the valleys, but it may well not hurt to take some of the bitcoin off of the table and to invest into other asset classes or to use some of your bitcoin profits for consumption.. while at the same time, I am not going to presume that you are going to be better off to hold much of any of that value in the dollar or in dollar based investments - except maybe just relatively modest portions of your overall investment portfolio which still may leave you holding a vast majority of your wealth in bitcoin (even if bitcoin happens to continue to be a very volatile asset currently and likely that there are pretty high odds that bitcoin is going to continue to be very volatile asset class into the future).

Whale's participations really have a huge market influence bringing most of us to rely upon them. We tend to know what really they do and plan next in order for us to be prepared but unfortunately, we did not.
In this situation of the market, DCAing is certainly the most applicable way of accumulating Bitcoin. Buy low, hold and sell if there is already a profit. In fact, this idea has already been practiced by many so I believe this is really working despite how these whales are doing and manipulating the market.

Whales will always be unpredictable, and they always move on their own and in silent way. As much as we want to know their market moves, it will be very impossible. So to lessen the risk and to avoid huge losses, DCAing is the most safe and secured strategy to use so we can acquire bitcoin every time its value declines. This works for most us, particularly for newbies in the market. But remember, always DYOR first before you start investing.

Since whales entered the crypto market things has not remained the same anymore. If you are trading, you will be strategizing against the market and also be strategizing against the institutional traders. There is no how you can successfully avoid them, that is why I recommend  DCA for a long term purpose.

Again, no matter any sure strategy that you use, ensure that you only invest what you are able to lose. We should observe this rule and have peace of mind.

Regarding your above statement that I have bolded, there have always been bitcoin whales, and sure the bitcoin market has frequently been seeming to come up with surprises that go beyond expectations, and personally I am not going to presume that whales are new to the space in any way that significantly/materially changes bitcoin's investment thesis - even though they surely get BIGGER as bitcoin's market cap gets BIGGER.. and there are also more and more financial tools that are made available for various whales to attempt to manipulate bitcoin's price - but even with BIGGER whales and more financial tools, there are difficulties to presume (not that you are presuming such) that the whales are any more dominant these days than they have been historically or that bitcoin's investment thesis has gotten weaker merely because BIGGER and BIGGER whales are interested in trying to battle to keep the BTC price down.

At the same time there are no guarantees in terms of BTC price direction, even if there are some very interesting and unique attributes that bitcoin has in terms of the ability to take it into possession much more easily than other historical assets (such as material assets) and also assets representing equity in companies (that are controlled by third parties), so surely there may well be some smart people who are working on a variety of ways to attempt to keep BTC's price down - but many of us are not going to presume them to be successful or that they are substantially more significant than they had been in previous markets including that the fact that some whales might try to fuck around with bitcoin by using dollars and other assets in order to push the BTC price down, so when the BTC price moves against their position, they are not holding any BTC (or they are not holding the BTC that they claim to have)... and we saw some of those liquidations on the way down, but those failures to have bitcoin (that they claim to have) can also cause liquidations on the way up too.

[adzino]

You say the accumulation phase is when the price of bitcoin is at the lowest. But how would you know that it is the lowest? The price went down as low as $35k and people thought it was the lowest. It kept on going low. So do you keep on waiting for the low?

And also, DCA investing and other stuffs would seem very complicated for new traders/investors. You don't have to do DCA or other stuffs if you are planning to invest and hold long term. Only invest what you can afford to lose. You have money lying around that you don't need. Invest and keep holding till you reach your profit goal.

[Uruhara]

it turns out that there is still a lot that I have not learned even in the strategy of accumulating bitcoin itself.
But I'm more worried about my mentality in trading. I am often wrong in making decisions in making purchases. maybe I haven't studied properly what resistance and support lines are. so sometimes I still feel panicked when going to buy and also when going to sell. because sometimes I'm confused where to put my order. sometimes when I put a buy message it always doesn't get hit. and the price bounced before it hit my buy order. so I panicked and bought in a hurry in an instant.

[JayJuanGee]

You say the accumulation phase is when the price of bitcoin is at the lowest. But how would you know that it is the lowest?

Your own bitcoin accumulation phase would be when you either do not have any bitcoin or that you do not have enough bitcoin, so you figure out what your target level and if you reach your accumulation levels then you are likely transitioning out of the BTC accumulation phase and into your maintenance stage.

Of course, figuring out if you are in accumulation stage may well not be any kind of an exact level because there might be some overlap in which you are transitioning between accumulation and maintenance and your mind might be changed about where you are at based on BTC price movements or other happenings in the world (or events that you might perceive to relate to bitcoin).  

The three main ways to accumulate bitcoin are: 1) Dollar cost averaging 2) buying on dips and 3) lump sum investing, and people will differ in their opinions regarding how to employ each of these strategies and their thinking about how the strategies relate to their own situations.  

There are some people who believe that trading can be used as a BTC accumulation method too, and to sell high and buy back lower, and I personally believe that trading is not aa very prudent and reasonable way to go about accumulating BTC - because there are more risks that the strategies might devolve into gambling unless you are really able to spend a lot of time becoming skilled in trading and trading is quite likely to NOT be as solid of a strategy to accumulate bitcoin as is the solidness of three mentioned above.

The price went down as low as $35k and people thought it was the lowest. It kept on going low. So do you keep on waiting for the low?

Whatever strategy that you take is should be somewhat tailored to your own circumstances and your own timeline and not necessarily whatever other people might be thinking or doing, and views about the BTC price would only be one component......  For example, if you are brand new into bitcoin, you may well be buying with a DCA strategy and not be trying to figure out when a dip is or how much of a dip it might be.

Just as a reminder individual considerations include but are not limited to cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments... so you can see that your view of bitcoin (including price moves) as compared with other investments is ONLY one of the considerations.

And also, DCA investing and other stuffs would seem very complicated for new traders/investors.

DCA is amongst the best of strategies for newbie investors into BTC.. but it does require a bit of figuring out how much of a budget that you might have to spare for buying BTC.. so for example whether you can buy $100 per week or if you might need to stick with a lower amount, such as $10 per week.  I would suggest that the newbie make sure that s/he is not over investing in the beginning, even though being aggressive can pay off over time, but one of the balancing aspects of investing into bitcoin or any other investment is to make sure that you have already established various kinds of emergency funds in order that you do not have to dip into your investment (whether bitcoin or any other investment) at a time that is ONLY of your own choosing... and sometimes you may well want to plan to invest into bitcoin for 4-10 years or longer.. and you can tweak your strategies along the way as you learn more about bitcoin and maybe as you get better at balancing your won finances, too.

You don't have to do DCA or other stuffs if you are planning to invest and hold long term. Only invest what you can afford to lose. You have money lying around that you don't need. Invest and keep holding till you reach your profit goal.

Sure.. those are all good frameworks.. but still whatever strategy or combination of strategies that anyone uses would attempt to be tailored based on the persons circumstances (and considerations) like I mentioned above, and it can take a decently long time to figure out your personal circumstances and also to attempt to make sure that your investment strategies into bitcoin are somewhat aligned with your personal circumstances.. which also may well change with the passage of time, too.

it turns out that there is still a lot that I have not learned even in the strategy of accumulating bitcoin itself.
But I'm more worried about my mentality in trading. I am often wrong in making decisions in making purchases. maybe I haven't studied properly what resistance and support lines are. so sometimes I still feel panicked when going to buy and also when going to sell. because sometimes I'm confused where to put my order. sometimes when I put a buy message it always doesn't get hit. and the price bounced before it hit my buy order. so I panicked and bought in a hurry in an instant.

That is part of the reason that DCA is a better strategy than trying to time the dip when you really cannot have very high levels of confidence about if the BTC price is going to dip more or if it has already dipped as much as it is going to go.  Almost no one is going to be able to time bottoms and tops, and if you try to establish a strategy in which you are not stressing about when are the bottoms, then you will probably start to feel better after you have been into bitcoin for a while.  Sometimes it can take several years before you start to feel comfortable with your BTC accumulation because a large number of people do not tend to have lump sums of spare money that they can invest, so they tend to have to invest slowly over time.

So for example, if you decide that you are going to invest $100 per week over the next 6 months ($2,600), then you might try to time your purchase each week, but maybe if you are frustrated about trying to time the purchase, you just buy at any price during each of the 26 weeks.. so you are sticking with a budget and maybe trying to time the bottom but not getting too stressed out if you cannot figure it out because over time you are continuing to build up your number of satoshis to the best of your ability and you realize that it is very difficult to time the price. and even supposed smart people get these timing of the BTC price matters wrong on a pretty regular basis.

[DU18]

it turns out that there is still a lot that I have not learned even in the strategy of accumulating bitcoin itself.
But I'm more worried about my mentality in trading. I am often wrong in making decisions in making purchases. maybe I haven't studied properly what resistance and support lines are. so sometimes I still feel panicked when going to buy and also when going to sell. because sometimes I'm confused where to put my order. sometimes when I put a buy message it always doesn't get hit. and the price bounced before it hit my buy order. so I panicked and bought in a hurry in an instant.

Yes, trading is not as easy as it seems, many people including me thought that initially trading only needed to buy when it was cheap and sell when the price was high, but somehow I often get stuck when the price is getting lower and it's hard to get back up, now I'm saving some The small bitcoin that I bought was above $22K and hoped the price could rise again, our holding back at a high price is really annoying because we don't have money circulating in the market, I think it's better for us to try to learn to analyze price movements, support and resistance on the market before trading .

[worldofcoins]

Whale's participations really have a huge market influence bringing most of us to rely upon them. We tend to know what really they do and plan next in order for us to be prepared but unfortunately, we did not.
In this situation of the market, DCAing is certainly the most applicable way of accumulating Bitcoin. Buy low, hold and sell if there is already a profit. In fact, this idea has already been practiced by many so I believe this is really working despite how these whales are doing and manipulating the market.

Whales will always be unpredictable, and they always move on their own and in silent way. As much as we want to know their market moves, it will be very impossible. So to lessen the risk and to avoid huge losses, DCAing is the most safe and secured strategy to use so we can acquire bitcoin every time its value declines. This works for most us, particularly for newbies in the market. But remember, always DYOR first before you start investing.

Yes, exactly whales will always be or at least they'll try to be unpredictable in trades.
And it'll be hard for an average trader to understand everything when the market moves to disregard technical indicators.
Also, whales will be responsible for major pump and dump that shatters the market and most new traders.

[ethereumhunter]

Yes, exactly whales will always be or at least they'll try to be unpredictable in trades.
And it'll be hard for an average trader to understand everything when the market moves to disregard technical indicators.
Also, whales will be responsible for major pump and dump that shatters the market and most new traders.

If the average trader can analyze how the market is moving, they will probably see signs of where the market is going so at least they can see if it works for them or not. And if they don't see it as an opportunity, they don't have to go into the market and wait any longer for the opportunity to come. But most traders are trying to get into the market even though they are not convinced.

Maybe the whales are responsible for the pumping and dumping in the market but we can't blame them for what they did because if we didn't panic, we wouldn't have done anything and could have bought at a low price instead.

[bitzizzix]

Yes, exactly whales will always be or at least they'll try to be unpredictable in trades.
And it'll be hard for an average trader to understand everything when the market moves to disregard technical indicators.
Also, whales will be responsible for major pump and dump that shatters the market and most new traders.

If the average trader can analyze how the market is moving, they will probably see signs of where the market is going so at least they can see if it works for them or not. And if they don't see it as an opportunity, they don't have to go into the market and wait any longer for the opportunity to come. But most traders are trying to get into the market even though they are not convinced.

Maybe the whales are responsible for the pumping and dumping in the market but we can't blame them for what they did because if we didn't panic, we wouldn't have done anything and could have bought at a low price instead.

It is difficult to analyze the current price movement of bitcoin for the short or medium term except for the long term, and trading for the current situation in my opinion is difficult to make good profits. even if you can profit maybe only a small profit and even then if you are lucky and do it seriously and full time.
and we can't blame the whales for the role of the whales to pump and dump suddenly without thinking of small investors, and I prefer to take advantage of the current situation to do DCA because I think this is the best way for the long term because I don't want to bother looking at the market whose direction is unclear, and in the long run the direction is clearly profitable and most importantly patiently waiting for it and doing DCA.

[ajiz138]

DCA is amongst the best of strategies for newbie investors into BTC.. but it does require a bit of figuring out how much of a budget that you might have to spare for buying BTC.. so for example whether you can buy $100 per week or if you might need to stick with a lower amount, such as $10 per week.  I would suggest that the newbie make sure that s/he is not over investing in the beginning, even though being aggressive can pay off over time, but one of the balancing aspects of investing into bitcoin or any other investment is to make sure that you have already established various kinds of emergency funds in order that you do not have to dip into your investment (whether bitcoin or any other investment) at a time that is ONLY of your own choosing... and sometimes you may well want to plan to invest into bitcoin for 4-10 years or longer.. and you can tweak your strategies along the way as you learn more about bitcoin and maybe as you get better at balancing your won finances, too.

This understanding is quite simple and beginners will definitely understand what we are explaining about DCA and the money that is set aside to buy BTC every week, all things about challenges must be explained from risk, aggressiveness, panic, greed and also patience is necessary explained in my opinion, even I have discussed this internally with my friend how he wants to start a DCA that is good and consistent but does not cause heavy pressure on the way, but what I know and my experience so far is of course explained from $ 10 - $100 or more can be set aside as long as it matches the income, needs are maintained and an emergency fund is always prepared so this won't interfere with the DCA's journey, so they will continue to do what they can to earn BTC.

Maybe the whales are responsible for the pumping and dumping in the market but we can't blame them for what they did because if we didn't panic, we wouldn't have done anything and could have bought at a low price instead.

I think we never know if the whales will blindly do pumps and dumps in the market but with the notice of large assets being transferred to the exchange it is possible that the whales will do it, but true if there is no panic then this might cause any problems even can face the market more relaxed when anything happens, let it be a waste but seeing the prospect of a decline it can buy more if you want to say buy dips.
I think we can adjust more and more the direction of the market, if it declines then we should think more that it's a golden opportunity to buy.

[Uruhara]

it turns out that there is still a lot that I have not learned even in the strategy of accumulating bitcoin itself.
But I'm more worried about my mentality in trading. I am often wrong in making decisions in making purchases. maybe I haven't studied properly what resistance and support lines are. so sometimes I still feel panicked when going to buy and also when going to sell. because sometimes I'm confused where to put my order. sometimes when I put a buy message it always doesn't get hit. and the price bounced before it hit my buy order. so I panicked and bought in a hurry in an instant.

That is part of the reason that DCA is a better strategy than trying to time the dip when you really cannot have very high levels of confidence about if the BTC price is going to dip more or if it has already dipped as much as it is going to go.  Almost no one is going to be able to time bottoms and tops, and if you try to establish a strategy in which you are not stressing about when are the bottoms, then you will probably start to feel better after you have been into bitcoin for a while.  Sometimes it can take several years before you start to feel comfortable with your BTC accumulation because a large number of people do not tend to have lump sums of spare money that they can invest, so they tend to have to invest slowly over time.

So for example, if you decide that you are going to invest $100 per week over the next 6 months ($2,600), then you might try to time your purchase each week, but maybe if you are frustrated about trying to time the purchase, you just buy at any price during each of the 26 weeks.. so you are sticking with a budget and maybe trying to time the bottom but not getting too stressed out if you cannot figure it out because over time you are continuing to build up your number of satoshis to the best of your ability and you realize that it is very difficult to time the price. and even supposed smart people get these timing of the BTC price matters wrong on a pretty regular basis.

Looks like I really have to learn and apply this DCA strategy. because after reading your explanation. I think the strategy you wrote seems to be able to keep my psychology in accumulating bitcoin. because to be honest, I've been accumulating at irregular times and without knowing the DCA strategy. So mentally and psychologically I was a little disturbed, such as quickly panicking and in a hurry because I was constantly chasing prices in purchases. even though if I can accumulate gradually little by little with a routine every week maybe I can be calmer. because the goal is to accumulate.

[ethereumhunter]

It is difficult to analyze the current price movement of bitcoin for the short or medium term except for the long term, and trading for the current situation in my opinion is difficult to make good profits. even if you can profit maybe only a small profit and even then if you are lucky and do it seriously and full time.
and we can't blame the whales for the role of the whales to pump and dump suddenly without thinking of small investors, and I prefer to take advantage of the current situation to do DCA because I think this is the best way for the long term because I don't want to bother looking at the market whose direction is unclear, and in the long run the direction is clearly profitable and most importantly patiently waiting for it and doing DCA.

As long as we're not in a rush to make a profit and only really buy when the price drops drastically, it might be a good time to buy it and keep waiting until the price really gets a pump. Usually, after the price drops drastically, the price will get a pump and even if the pump is not very high, it is enough for us to make a profit. And if we can repeat that, I think the gains we get could be huge.

And if you don't want to be too busy trading, maybe the DCA strategy is a good one because you keep buying bitcoins at low prices and have to adjust your funds. With the DCA strategy, you can collect bitcoins slowly and not in a hurry, which is good for your profit growth later.

I think we never know if the whales will blindly do pumps and dumps in the market but with the notice of large assets being transferred to the exchange it is possible that the whales will do it, but true if there is no panic then this might cause any problems even can face the market more relaxed when anything happens, let it be a waste but seeing the prospect of a decline it can buy more if you want to say buy dips.
I think we can adjust more and more the direction of the market, if it declines then we should think more that it's a golden opportunity to buy.

That's true because the whales will pump and dump on the market suddenly and make many people panic. After all, it's too late to act. They can only follow the movement and try to enter the market. Some of them were able to profit from the situation, while others were caught in a panic and ended up at a loss. Right now is a good time to buy bitcoin as the price is still below but we also have to be careful not to try to buy when the price gets a pump because the price will go back down after that. So only with analysis can we do to find the moment to buy and sell.