Buy Buy Buy or Sell Sell Sell?

[Cipherpz]

Well if you are even thinking of going to sell your Bitcoin you do not like profit. Bitcoin did hit a new all time high of 123k and now it is back down to 118k.
I do think we will see this all time high of 123k before we do end this month. So we should not want to sell out Bitcoins. We can buy them for cheaper now and wait for us to go back to the all time high and then more.

Any decision should not be made solely based on price because the market always reacts in the same way. You should consider the market context, trends, and your investment goals. If you have a long-term plan and the main goal is to hold, then taking advantage of the price drop as it is now can be a great part of your DCA strategy. If you trade in a hurry hoping for profit, it can also be dangerous. It is wisest to make decisions based on your risk tolerance, emergency funds, time frame, and goals. Investing based on information, logic, and market demand analysis, rather than emotions, is the only way to get sustainable and real results.

[JayJuanGee]

Number two isn't really important and I don't see it as part of the basic knowledge of bitcoin because getting a good wallet that is an open source and self custody can be a problem to a new investor since bitcoin wallet is technical. Since he is a new investor who wants to start his bitcoin investment with weekly DCA, he is to only open an account with a reputable exchange, buy bitcoin through p2p and leave his bitcoin in the exchange for the main time, while he continues to learn more about bitcoin and which wallet is best for him to use.

It's also important that when accumulating bitcoin, we don't buy bitcoin of $50 and send immediately to our self custody wallet in order to avoid many small small UTXO, which can suck almost all our profits in future if transact fees becomes very high. Good UTXO management is important as a bitcoin investor which is why you need to accumulate your bitcoin to a good amount up to $500 and above  in your exchange account before transferring it to your hardware wallet.

I also think so. It is better to buy through P2P by creating an account on a good exchange and verifying it.

You seem to not know the meaning of P2P  within the bitcoin context.  Peer to peer means that there are direct transactions between individuals, so if you are using an exchange to interact directly with other individuals you are not really engaging in P2P in the bitcoin sense since you are on  third-party's platform.

I don't have any problem with the ideea of buying BTC on exchanges, even though after a bit of time and as the value gets to be greater, there is iimportance to bring value off of exchanges and to personally hold the value.. maybe trying to get to a point where you are holding at least 80% or more of your value in private ways.

It is better to adopt the DCA method. You can buy weekly or monthly amounts of $20, $50, $100. It is better for traders to wait for the market to fall but not for holders. After buying $500/1000, you transfer your high security to a wallet. I created a wallet, saved the phase well,

You are referring to the seed phrase that serves as a back up, which can be 12 or 24 words and there are some wallets that allow differing numbers even though 12 and 24 words are probably the most common.

kept the wallet address, deleted the wallet and only transferred bitcoin from the exchange to that wallet address and I think this is safe and good. And I wrote the phase of that wallet in a diary and told my wife because if I die, she can find them.Because a few days ago a boy in our village died. He held Bitcoins like this but we don't know his wallet phase so they couldn't be saved anymore.

Surely passing down the wallet or the back up phrase is not necessarily easy, and there are some folks who want to limit the access of the heir(s) while they are alive, but they want the heir(s) to be able to get access the information upon their passing or incapcitation or maybe at some point that they would have had either authorized release or sufficiently lost capacity.

. It is better for traders to wait for the market to fall but not for holders.

It makes no sense waiting for the market, yes it's true that traders prefer waiting but that doesn't mean that they can outsmart the market by acting in such a manner. The best thing to do is to buy Bitcoin anytime your discretionary income is available and hold because that's the only way you can achieve something huge with Bitcoin, all other means that traders are doing thinking they can make a fortune from the market are just time consuming and less rewarding when compared with someone that accumulated a huge stash of Bitcoin and hold for a long duration like 10 years or more.
So in essence of what am trying to say is that waiting doesn't guarantee success, and it's a terrible way to accumulate Bitcoin.

I suggest you to clarify your position, do you want to be a trader or an investor?

This thread is specifically made for investors and it would be better to discuss investment here. Because discussing investment and discussing trading will not be the same and the advice is also contradictory.

Does my write up makes me looks like a trader?
I don't really think so if that's what's going on in your head, I was trying to address what cpt_reader said, and yes it's true that this thread is mainly about investment in Bitcoin, but In the cause of discussion you can't totally avoid comparing investment in Bitcoin and trading, so forgive me if you think am turning this thread into something else, because am an investor, not a trader.

There are some forum threads that are about trading and others about investing.

I think that this thread is about either topic since at the times of the creation of this thread, OP seemed to be questioning whether it was a good time to sell or to buy bitcoin, and the bitcoin price was in the $50/$60ks at that time.

Through the various posts in this thread there have been a good number of guys proclaiming that investing is better than trading, so it seems to me that trading is not off topic for any member who might be wanting to argue that trading is a better way to deal with bitcoin or to argue other various favorable points in regards to trading rather than investing.

Don't get me wrong.  I think that trading is mostly dumb, especially when it comes to bitcoin and especially if a guy might be trying to accumulate more bitcoin, yet some guys have their own views, and from my opinion, talking about trading or arguing in favor of trading is not off topic in this thread.

[Cgrexp]

Well if you are even thinking of going to sell your Bitcoin you do not like profit. Bitcoin did hit a new all time high of 123k and now it is back down to 118k.
I do think we will see this all time high of 123k before we do end this month. So we should not want to sell out Bitcoins. We can buy them for cheaper now and wait for us to go back to the all time high and then more.

Any decision should not be made solely based on price because the market always reacts in the same way. You should consider the market context, trends, and your investment goals. If you have a long-term plan and the main goal is to hold, then taking advantage of the price drop as it is now can be a great part of your DCA strategy. If you trade in a hurry hoping for profit, it can also be dangerous. It is wisest to make decisions based on your risk tolerance, emergency funds, time frame, and goals. Investing based on information, logic, and market demand analysis, rather than emotions, is the only way to get sustainable and real results.

It can be dangerous to expect too much that the price will reach 123,000 because no one knows for sure the future of Bitcoin. The price can go up or down and vice versa. Of course, decisions should not be made based on price. DCA strategy should be considered, risk and investment goals should be considered. In addition, I would say that it is better to pay attention to market sentiment, on-chain data and major economic trends in Bitcoin investment.

[Bd officer]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method,........
~cut~

In my opinion it is not a good idea to wait for the price to come down. Now the price of Bitcoin will never come down as you expected, so you can never invest in Bitcoin. As you mentioned the DCA strategy, there's no need to wait for prices to fall if you invest in the DCA strategy. Because if you invest in DCA method then you will be able to buy bitcoins at low and high average price. Now many people think that the price of Bitcoin has reached the highest price ever, so we have to wait for the fall, change such thinking. Because the price of Bitcoin will increase over time and create ATH. So plan long term instead of waiting for the price to come down. If you accumulate bitcoins in the DCA system for a long time, you will definitely benefit in the future.

[Tonimez]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method,........
~cut~

In my opinion it is not a good idea to wait for the price to come down. Now the price of Bitcoin will never come down as you expected, so you can never invest in Bitcoin. As you mentioned the DCA strategy, there's no need to wait for prices to fall if you invest in the DCA strategy. Because if you invest in DCA method then you will be able to buy bitcoins at low and high average price. Now many people think that the price of Bitcoin has reached the highest price ever, so we have to wait for the fall, change such thinking. Because the price of Bitcoin will increase over time and create ATH. So plan long term instead of waiting for the price to come down. If you accumulate bitcoins in the DCA system for a long time, you will definitely benefit in the future.

DCA approach has so many benefits ranging from it's flexibility and adaptability to ease of investment. Anyone who is consistent with his DCA approach would; 1) Not care about the price of bitcoin, 2) Cares only about the amount of fiat he budgets for the new buys, 3) seeks other means to improve his discretionary income which also improves his investments funds, 4) Ensures he has his emergency funds built alongside his bitcoin investment, and 5) thinks long-term.

Bitcoin current price is a near Dip and soon it would cover the space of lowest possible bitcoin fall during severe market corrections. Less than 2 months ago we encountered bitcoin at little above $70k after hitting the $109k ATH. This bottom Dip raising concerns was an ATH during September last year or thereabouts. So focusing on continuous accumulation of bitcoin at all time is the best any body can do. As long as you buy to hold for long-term, you will always see reasons to buy when you watch the past behaviour of bitcoin recently.

[yixichloro2xx]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method,........
~cut~

In my opinion it is not a good idea to wait for the price to come down. Now the price of Bitcoin will never come down as you expected, so you can never invest in Bitcoin. As you mentioned the DCA strategy, there's no need to wait for prices to fall if you invest in the DCA strategy. Because if you invest in DCA method then you will be able to buy bitcoins at low and high average price. Now many people think that the price of Bitcoin has reached the highest price ever, so we have to wait for the fall, change such thinking. Because the price of Bitcoin will increase over time and create ATH. So plan long term instead of waiting for the price to come down. If you accumulate bitcoins in the DCA system for a long time, you will definitely benefit in the future.

DCA approach has so many benefits ranging from it's flexibility and adaptability to ease of investment. Anyone who is consistent with his DCA approach would; 1) Not care about the price of bitcoin, 2) Cares only about the amount of fiat he budgets for the new buys, 3) seeks other means to improve his discretionary income which also improves his investments funds, 4) Ensures he has his emergency funds built alongside his bitcoin investment, and 5) thinks long-term.

Bitcoin current price is a near Dip and soon it would cover the space of lowest possible bitcoin fall during severe market corrections. Less than 2 months ago we encountered bitcoin at little above $70k after hitting the $109k ATH. This bottom Dip raising concerns was an ATH during September last year or thereabouts. So focusing on continuous accumulation of bitcoin at all time is the best any body can do. As long as you buy to hold for long-term, you will always see reasons to buy when you watch the past behaviour of bitcoin recently.

‎Exactly,and that is the point most people miss. The same prices they fear today were once considered unreachable highs. What separates those who benefit from Bitcoin cycles and those who don’t is not timing, it is conviction and consistency...... DCA forces discipline, not just in buying, but in thinking longterm. It rewires how you see market dips not as threats, but as opportunities.
‎
‎Watching Bitcoins behavior across multiple cycles makes it clear: volatility is the tax you pay for being early. And for those with the patience to keep stacking, that taxhas historically paid off massively.....
‎

[Ricardo11]

It's not a bad idea to wait for the price ofBTCto drop before buying , but right now it's prudent to adopt the DCA model or method,........
~cut~

In my opinion it is not a good idea to wait for the price to come down. Now the price of Bitcoin will never come down as you expected, so you can never invest in Bitcoin. As you mentioned the DCA strategy, there's no need to wait for prices to fall if you invest in the DCA strategy. Because if you invest in DCA method then you will be able to buy bitcoins at low and high average price. Now many people think that the price of Bitcoin has reached the highest price ever, so we have to wait for the fall, change such thinking. Because the price of Bitcoin will increase over time and create ATH. So plan long term instead of waiting for the price to come down. If you accumulate bitcoins in the DCA system for a long time, you will definitely benefit in the future.

When people can stop worrying about this short-term volatility, they will be able to hold Bitcoin with a long-term perspective. DCA strategy is the most effective investment strategy for a long-term investor, without being afraid of the ups and downs of the market, you have to buy Bitcoin in small amounts continuously, so your Bitcoin portfolio will continue to build at an average price, so consistency is the most important, for those who have low financial solvency and low income, this DCA is definitely very effective. But it must be kept long-term.

[Cossyblack]

I also think so. It is better to buy through P2P by creating an account on a good exchange and verifying it. It is better to adopt the DCA method. You can buy weekly or monthly amounts of $20, $50, $100. It is better for traders to wait for the market to fall but not for holders. After buying $500/1000, you transfer your high security to a wallet. I created a wallet, saved the phase well, kept the wallet address, deleted the wallet and only transferred bitcoin from the exchange to that wallet address and I think this is safe and good. And I wrote the phase of that wallet in a diary and told my wife because if I die, she can find them.Because a few days ago a boy in our village died. He held Bitcoins like this but we don't know his wallet phase so they couldn't be saved anymore.

Some of your points are very good but some need improvement. Buying from CEX exchange is not bad especially if you are withdrawing weekly or monthly into your private wallet where you control the private keys. It will only be bad if you buy and keep them in CEX instead of withdrawing to your wallet. However, it is better to use DEX exchange to buy your bitcoin if you don't want to submit KYC.

Secondly, you should not wait for the market to dip before you buy, I know you referenced that to be what traders do but it is better we keep traders out of this discussion since what we are discussing is long term investment and not trading. Therefore, the DCA method is just enough for anyone that want to accumulate bitcoin for long term.

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

[Barikui1]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

Waiting for the dip before buying is like shooting yourself on the foot in your accumulation journey because by waiting for a dip that you don't know the exact figure it might drop to, you are definitely going to miss a whole lot of buying opportunities because even when the dip comes, you will think that it's going to drops further, so the best possible way to invest and accumulate Bitcoin is by buying anytime your discretionary income is available because this current price seems expensive, but in real sense it's very cheap because Bitcoin is no where close to it peak price, so just imagine how much Bitcoin might have skyrocket to in 10 to 20 years time from now?
So waiting for the dip before buying will not just delay your accumulation but it will make you lack behind those that are buying consistently once their discretionary income is available, so their is no point waiting, just buy more Bitcoin and hold.

[Silikiem]

It is better to adopt the DCA method. You can buy weekly or monthly amounts of $20, $50, $100. It is better for traders to wait for the market to fall but not for holders. After buying $500/1000, you transfer your high security to a wallet. I created a wallet, saved the phase well,

You are referring to the seed phrase that serves as a back up, which can be 12 or 24 words and there are some wallets that allow differing numbers even though 12 and 24 words are probably the most common.

kept the wallet address, deleted the wallet and only transferred bitcoin from the exchange to that wallet address and I think this is safe and good. And I wrote the phase of that wallet in a diary and told my wife because if I die, she can find them.Because a few days ago a boy in our village died. He held Bitcoins like this but we don't know his wallet phase so they couldn't be saved anymore.

Surely passing down the wallet or the back up phrase is not necessarily easy, and there are some folks who want to limit the access of the heir(s) while they are alive, but they want the heir(s) to be able to get access the information upon their passing or incapcitation or maybe at some point that they would have had either authorized release or sufficiently lost capacity.

. It is better for traders to wait for the market to fall but not for holders.

It makes no sense waiting for the market, yes it's true that traders prefer waiting but that doesn't mean that they can outsmart the market by acting in such a manner. The best thing to do is to buy Bitcoin anytime your discretionary income is available and hold because that's the only way you can achieve something huge with Bitcoin, all other means that traders are doing thinking they can make a fortune from the market are just time consuming and less rewarding when compared with someone that accumulated a huge stash of Bitcoin and hold for a long duration like 10 years or more.
So in essence of what am trying to say is that waiting doesn't guarantee success, and it's a terrible way to accumulate Bitcoin.

I suggest you to clarify your position, do you want to be a trader or an investor?

This thread is specifically made for investors and it would be better to discuss investment here. Because discussing investment and discussing trading will not be the same and the advice is also contradictory.

Does my write up makes me looks like a trader?
I don't really think so if that's what's going on in your head, I was trying to address what cpt_reader said, and yes it's true that this thread is mainly about investment in Bitcoin, but In the cause of discussion you can't totally avoid comparing investment in Bitcoin and trading, so forgive me if you think am turning this thread into something else, because am an investor, not a trader.

There are some forum threads that are about trading and others about investing.

I think that this thread is about either topic since at the times of the creation of this thread, OP seemed to be questioning whether it was a good time to sell or to buy bitcoin, and the bitcoin price was in the $50/$60ks at that time.

Through the various posts in this thread there have been a good number of guys proclaiming that investing is better than trading, so it seems to me that trading is not off topic for any member who might be wanting to argue that trading is a better way to deal with bitcoin or to argue other various favorable points in regards to trading rather than investing.

Don't get me wrong.  I think that trading is mostly dumb, especially when it comes to bitcoin and especially if a guy might be trying to accumulate more bitcoin, yet some guys have their own views, and from my opinion, talking about trading or arguing in favor of trading is not off topic in this thread.

So true, and I like the fact that you politely addressed this issue about trading and investing, not to think that any is off topic but to be Able to actually be on the right track as a bitcoin investor whose initial strategy is focused on the long term goal of investing. And in this context I fully agree with you that as a bitcoin investor whose strategy is focused on the long term goal of accumulating don’t have any business with trading, and is even more dumb if the investor is trading for a short and quick gains. Every focus should be on your consistent accumulation and hold for the long term and build up your portfolio without panicking to sell when you notice a little downturn in the market. Bitcoin investment is a long term investment strategy and at such should be treated as one and not trading for short term goal which you will still end up regretting in the near future just like some folks are regretting now that the bitcoin price has skyrocketed and I’m sure many folks who will likely trade now will still be in regret in near future. I know nothing is certain In bitcoin investment but there’s hope in being patient and accumulate consistently and hold for the long term.

[Solokan]

[Edit out]

This is a good point adultcrypto since we don't need to have faith from the start and we could even be somewhat bearish, and in some sense, if we try to figure out our position size in accordance with our level of doubt or our level of bullishness, we can adjust our position size to become greater in the future if we become more bullish in the future.

Being bearish would allow you lower your expectations and when it turns bullish, the joy would be stronger. But being too bullish in your expectations may expose you to investing beyond your capacity which would also make you unable to hold for long.

Bitcoin being bullish is the more reason why people will want to invest in it. and even if people get overly excited and buy aggressively they will surely get their profit in the long run. But people should not overly get excited of Bitcoin volatile nature and invest above what they can afford to lose otherwise they will still sell off their Bitcoin without meeting up their target. And secondly you don't need your mind to fluctuate because of bear and bull season, by lowering your expectations in bear and having joy during Bull season. We all knows that Bitcoin will always have bear and bull season and that should be a more reason we should keep investment without looking at the appropriate season and time to invest.

It's true that when investing in BTC, we shouldn't consider the season or anything like that. The most important thing is to focus solely on accumulating BTC using money we can afford to lose.

With the bearish and bull seasons, this presents a golden opportunity for us to accumulate BTC. We'll certainly experience varying prices, which naturally leads us to buy BTC at moderate prices. I believe now is still a good time to buy and accumulate BTC, as BTC fluctuations may not be too significant in the future. There's certainly potential for people to abandon altcoins and ultimately focus on BTC, and the price of BTC will undoubtedly increase.

So, stay enthusiastic, DCA, because this is a great opportunity.

[avp2306]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

I guess they still have this trading thoughts and didn't eliminate that thinking about buying at dip then sell at high.

That's why they conclude that its better to do this when they do long term holding. But the fact that market is volatile and we don't know on when those dips they are waiting to come that is complete waste of time.

They are just waiting lots of opportunity to add more volume in their portfolio and doing that would provably not bring them any good result. So better instead of thinking about waiting for the dip they better focus on consistent accumulation then build up their portfolio well.

[Jostern]

Your number 1and 3 information is correct, but this few things you listed here can not guarantee success to a beginner who is just getting started with bitcoin investment. As a beginner who is getting started this are the Basic things you need to know for Example:

Your points are right but very impulsive.

Risk management: As a beginner is very important to learn about risk management so as to be able to manage your risk carefully, if your risk is to hold for long term then you Stick to it regardless the up and down
Of the market.

I don't think you really understand risk management very well as regards bitcoin holding or will I say that bitcoin investment has gone beyond receiving such level of emphasis on risk management. Or do you mean how to manage other areas of responsibilities to avoid risking your bitcoin over any slight unforeseen circumstances which could have been tackled with the emergency funds. Bitcoin is a very less risky venture and does not require reading a whole template to understand, all you need is just, buy and buy and hold for long term and you will reap it at maturity.

yeah I was trying to point out other areas of responsibilities to avoid risking thier bitcoin, because some beginners may be attempting to invest for short term profit which we know that short term investment comes with alot of risk so they need to understand this to enable them follow the main procedure I mean chasing the long term goal.

Last but not the least, A beginner need to understand that is a must to invest from discretionary funds which is the Left over after all expenses is being figured out. This are the basic things a beginner need to know before getting started with bitcoin investment.

Investing by discretionary income is something any investor who aims at the future should look at. When you intend holding for long term, you also do it without stress. Investing with Not all your discretionary income but only a percentage of your Discretionary income would make you invest only what you can hold for long. Whoever earns any amount should learn to build his emergency funds first thing.

I agree with you on this one, an Investor is supposed to be putting some portion of his discretionary into bitcoin, the same thing applicable to those investors that would like to apply some aggressiveness, is advised not to over step your boundaries but to maintain boundaries to avoid stress. And yeah, is very important to build our emergency fund quite on time, even though some people will want to get started before looking for a way to build thier emergency fund, But it shouldn't take us more than 2 months before we start looking for a way to make it available.

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

[Merit.s]

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

It might sound good to you but to me you want to put yourself into some stress due to those little expenses that you are to take care of during the period of you waiting for your next pay. If you want to be aggressive, let it not be up to the extent of using all your discretionary income to buy bitcoin weekly. For someone that's single, he might be able to cope and not for a family man or for someone that it's their responsibility to take care of people under their roof.

There are some little expenses that pops out during the week and you don't plan for example, in my son school, whenever his exercise book finishes for that subject, you are to replace it immediately. With the little portion like 40% below left from your discretionary income can be use to handle small expenses that wasn't in your budget (for miscellaneous) You can also get ice cream for your kids. It does not mean that because you are investing in bitcoin, you shouldn't live a normal life because you will be investing for 4-10 years and above.

Proper planning and cash inflow management is important so that you don't miscalculated how to use your discretionary income that might later affect your bitcoin investment from not growing. The

[Kelward]

It's not a bad idea to wait for the price ofBTCto drop before buying.

It's absolutely not right to wait for the Dip before buying bitcoin because you don't actually know when the next Bitcoin dip will occur and while waiting, your accumulation speed will also be affected and you will also missed out a lot of potential profits and markets opportunities as well. It is better you buy Bitcoin immediately your discretional income is ready and with that's way, your focus and accumulation speed/pace will improve and wouldn't be waiting or bothering yourself monitoring/ timing the market anymore.

Waiting for the dip before buying is like shooting yourself on the foot in your accumulation journey because by waiting for a dip that you don't know the exact figure it might drop to, you are definitely going to miss a whole lot of buying opportunities because even when the dip comes, you will think that it's going to drops further, so the best possible way to invest and accumulate Bitcoin is by buying anytime your discretionary income is available because this current price seems expensive, but in real sense it's very cheap because Bitcoin is no where close to it peak price, so just imagine how much Bitcoin might have skyrocket to in 10 to 20 years time from now?
So waiting for the dip before buying will not just delay your accumulation but it will make you lack behind those that are buying consistently once their discretionary income is available, so their is no point waiting, just buy more Bitcoin and hold.

Bitcoin investors that are waiting for dip before buying are not looking at the bigger picture, they're not projecting it's long term potentials of ROI in the future. If you believe that Bitcoin has the potentials of always reaching ATH in future bull circles that is all you need to keep buying when you have the fund. Bitcoin is volatile and if you don't know for certain when it'll dip it's better to buy when you have the find at hand, delaying can make you change your mind and miss out on growing your Bitcoin capital.

Bitcoin has proven to be a store of value, don't let dip stop you from buying when you have the fund, only a lack of discretionary funds is a genuine excuse not to buy at anytime. Double your hustle so that you can always have funds in your discretionary account to top up your bag in your DCA strategy.

[Tonimez]

When you are wondering why you need to hold bitcoin, just remember that The pioneer of bitcoin, Satoshi Nakamoto is now among the richest people in the world just by mere holding and investing in bitcoin, occupying the Number 11th spot.
Congratulations to all diligent bitcoin investors.

[Moreno233]

Any decision should not be made solely based on price because the market always reacts in the same way. You should consider the market context, trends, and your investment goals. If you have a long-term plan and the main goal is to hold, then taking advantage of the price drop as it is now can be a great part of your DCA strategy. If you trade in a hurry hoping for profit, it can also be dangerous.

It can be dangerous to expect too much that the price will reach 123,000 because no one knows for sure the future of Bitcoin. The price can go up or down and vice versa. Of course, decisions should not be made based on price. DCA strategy should be considered, risk and investment goals should be considered. .

The price of Bitcoin already crossed $123,000 even though there is a minor correction happening at the moment, the market will likely continue in the upward direction because there is room there and many things still support the bull run. If you are building for the long term, you may not even be interested in what the price is now instead your interest will be how to fulfil your weekly or monthly DCA purchase objective and not where the market will be in terms of price and where it will not be.

In addition, I would say that it is better to pay attention to market sentiment, on-chain data and major economic trends in Bitcoin investment

If you stay glued to these things which are also available in the mainstream media, you will never invest in Bitcoin because you will be filled with fear and uncertainty. If you want to invest in Bitcoin, don't look at the price neither should you try to wait for the market to start dropping or drop in price before you buy because the longer you wait, the more you because afraid and discouraged to invest in Bitcoin.

[POPOLUV]

Your number 1and 3 information is correct, but this few things you listed here can not guarantee success to a beginner who is just getting started with bitcoin investment. As a beginner who is getting started this are the Basic things you need to know for Example:

Your points are right but very impulsive.

Risk management: As a beginner is very important to learn about risk management so as to be able to manage your risk carefully, if your risk is to hold for long term then you Stick to it regardless the up and down
Of the market.

I don't think you really understand risk management very well as regards bitcoin holding or will I say that bitcoin investment has gone beyond receiving such level of emphasis on risk management. Or do you mean how to manage other areas of responsibilities to avoid risking your bitcoin over any slight unforeseen circumstances which could have been tackled with the emergency funds. Bitcoin is a very less risky venture and does not require reading a whole template to understand, all you need is just, buy and buy and hold for long term and you will reap it at maturity.

yeah I was trying to point out other areas of responsibilities to avoid risking thier bitcoin, because some beginners may be attempting to invest for short term profit which we know that short term investment comes with alot of risk so they need to understand this to enable them follow the main procedure I mean chasing the long term goal.

Last but not the least, A beginner need to understand that is a must to invest from discretionary funds which is the Left over after all expenses is being figured out. This are the basic things a beginner need to know before getting started with bitcoin investment.

Investing by discretionary income is something any investor who aims at the future should look at. When you intend holding for long term, you also do it without stress. Investing with Not all your discretionary income but only a percentage of your Discretionary income would make you invest only what you can hold for long. Whoever earns any amount should learn to build his emergency funds first thing.

I agree with you on this one, an Investor is supposed to be putting some portion of his discretionary into bitcoin, the same thing applicable to those investors that would like to apply some aggressiveness, is advised not to over step your boundaries but to maintain boundaries to avoid stress. And yeah, is very important to build our emergency fund quite on time, even though some people will want to get started before looking for a way to build thier emergency fund, But it shouldn't take us more than 2 months before we start looking for a way to make it available.

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

I totally understand and i agree with you when it comes to Bitcoin investments, that we should always use our discretionary income to invest in Bitcoin after we might have paid our bills and it is only newbies or investors that didn't have knowledge of planning ahead his/her future that will use his/her discretionary income to do something else that will not yield more profits. And i don't know why so many are still finding it difficult to understand that the  future is what everyone should consider to plan for, since we can't predict the how the future will be in years coming, so it is always advisable to invest for the future with your discretionary income using DCA strategy for a start, if you eventually have a discretionary income to use for an investment.

[Gost ms]

When people can stop worrying about this short-term volatility, they will be able to hold Bitcoin with a long-term perspective. DCA strategy is the most effective investment strategy for a long-term investor, without being afraid of the ups and downs of the market, you have to buy Bitcoin in small amounts continuously, so your Bitcoin portfolio will continue to build at an average price, so consistency is the most important, for those who have low financial solvency and low income, this DCA is definitely very effective. But it must be kept long-term.

DCA method is very beneficial for everyone. It is not only beneficial for low-income people. DCA method is very beneficial for all income people. A person with high income can also buy continuously and he can gradually accumulate Bitcoin in his portfolio. A person with high income can buy a very good amount of Bitcoin every month or week. The only thing we need to keep in mind is whether we have discretionary income. Because we can buy continuously through discretionary income. If we do not have discretionary income, then we may not be able to maintain the continuity of our investment, so we may fall far behind the goal of building our portfolio.

[Finebone]

Honestly speaking I don’t think there is anything wrong if an investor choose to invest all his discretionary income into bitcoin, considering that you have taken care of your expenses and you’ve an emergency and reserved funds, if I choose to invest all my discretionary income into bitcoin, instead of using it to extravagance lifestyle of buying cloths and during drinks and cigarettes and clubbing, at this point of my accumulation stage I think there is no need for such lifestyle.

I would prefer using my discretionary income to buy more Bitcoin and be more aggressive instead of using my discretionary income for some unreasonable and unrealistic activities.

Using all of your discretionary income to invest in Bitcoin might be problematic for you in the future because their are some things we buy that is not part of our basic needs but are very important for our very own existence, something like airtime or data subscription, they may not be  part of our basic needs but it's very important that you have them in order to browse the internet and communicate with your love ones, so using all your discretionary income to invest in Bitcoin might not look too bad but if you do that, you are going to deprived yourself of so many things that are essential in your daily lives which is no proper in my own opinion, investing aggressively is quite good, but over doing it is were the problem is, because you might ran yourself into financial trouble in the process.