Buy Buy Buy or Sell Sell Sell?

[Gallar]

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

You're right, my friend, that all buying strategies in Bitcoin investment are good and have their own advantages. However, I personally disagree with your statement that DCA is only used by people with small funds to invest in Bitcoin. It's important to note that the DCA strategy is also used by people with large sums of money, such as Saylor and El Salvador. As far as I know, company and country owners actually use the DCA strategy to buy Bitcoin, and at one time, the accumulation can be quite substantial. Therefore, I think you're mistaken if you say that DCA is only used by people with small funds to buy Bitcoin. In reality, DCA can be used by anyone who wants it, regardless of whether they have a lot of money or not. DCA is a periodic buying strategy and is useful because it allows you to buy Bitcoin at the average price. That's what I know, but please correct me if I'm wrong.

[Kelward]

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

You're right, my friend, that all buying strategies in Bitcoin investment are good and have their own advantages. However, I personally disagree with your statement that DCA is only used by people with small funds to invest in Bitcoin. It's important to note that the DCA strategy is also used by people with large sums of money, such as Saylor and El Salvador. As far as I know, company and country owners actually use the DCA strategy to buy Bitcoin, and at one time, the accumulation can be quite substantial. Therefore, I think you're mistaken if you say that DCA is only used by people with small funds to buy Bitcoin. In reality, DCA can be used by anyone who wants it, regardless of whether they have a lot of money or not. DCA is a periodic buying strategy and is useful because it allows you to buy Bitcoin at the average price. That's what I know, but please correct me if I'm wrong.

DCA method is open to the rich and poor, it is a strategy that anybody or institutions can adopt likewise buying the dip, if you choose a strategy and cannot buy 1 Bitcoin or more you can trim it down to your capacity and be buying in fractions (sats). Even buying in lump sum doesn't have a specific amount that it is pegged to, average earners can also plan and buy with the strategy like the rich. Why DCA strategy is more highlighted and popular than any other strategies for accumulating Bitcoin is because of it's convenience, I believe that is why many investors choose it not necessarily because they can only afford to use small amounts to buy. I don't think there is any reliable statistics that shows that it's only small income earners that uses DCA method

[Saltysugar99]

How much time should a guy spend creating his preparations?  A few hours?  A few days? A few weeks?  A few months?  A year or so?  or some other quantity of time?

I am trying to share my opinion based on my short investment experience and some studies. While investing in Bitcoin requires preparation but there is no need to make any unnecessary excuses to not start. Common sense and regular discretionary funds are enough to invest in Bitcoin. Many people want to start investing after building an emergency fund. But for those with less discretionary income, it will take a long time to accumulate 3 to 6 months of expenses. There is no obligation to start with everything in advance. Even if he can start investing with a small amount, he will learn if you make mistakes, but if he dose not start, he will not learn.

How about the variance in the schedules of people? and how much time that they can dedicate towards preparing?  How much time should they schedule for their preparing? Do you imagine a person to be in a certain lifestyle so he can just fit the preparations in?  Does he need to read some investment books?  bitcoin books? or some other kind of knowledge that would help?

Every person earns differently, some have fixed jobs, some have irregular income. When considering expenses, some have high expenses, some have low expenses, many have more responsibilities, some have high medical risks in their families. So the amount of backup fund will not be the same. So the issue of preparation will not be the same for everyone. Backup funds are created on the basis of expenses. Preparation means not thinking like this for everyone and creating a cashflow system according to investor own situation, so that the possibility of forced selling is reduced .I think JJG will agree with me on this.

Could you imagine scenarios that guys get started and plan as they go?

Or do you think that the planning needs to take place before getting started?

There is a difference between starting and continuing an investment. Because the emphasis is on discretionary income to create a situation to start. But if the investment is to be continued for a long time, then it depends on its income source, cashflow management and backup funds. In the beginning, the emergency portion may be small, but the goal should be to increase the backup funds so that BTC does not break in the future. Let's say a new person started buying $20 a week. After 2-3 months, he realized that sometimes at the end of the month he runs out of money. He then invested $20 to $10, and kept $10 in a reserve fund which will help reduce non-emergency pressure. In this way, he can adjust his plan along the way, understanding his situation. This is not planless investment. Here he can learn through investment, which I myself have been observing in recent days.

How much emergency funds (or back up funds) do you think is needed before getting started?

Only those who have been in a situation like force selling understand how important an emergency fund is to continue investing in Bitcoin for a long time. However, the most important thing about an emergency fund before starting Bitcoin is that it is better not to start with absolutely zero backup, but we should not think that we cannot start if do not have a backup equal to 3 to 6 months of expenses first. The main function of an emergency fund is to protect Bitcoin holding. If an emergency expense suddenly comes and if investor do not have any cash on him, he will be forced to sell Bitcoin, which is the biggest loss of an investment plan. At least have some backup, such as cash or easily accessible funds to cover 2-4 weeks of expenses. This is not a big deal, but if he have it, he do not need to break Bitcoin with a small shock. If a person does not have this amount of wealth, then he should start investing by managing the fund more carefully.

However, the most important thing here is that he should never stop investing to create a backup fund. Build Bitcoin and an emergency fund together step by step. That is, he can start buying Bitcoin in small amounts, and at the same time, the backup fund can also be increased gradually. This way develop the habit of investing without wasting time. And the larger the Bitcoin holding, the greater the need for an emergency fund. That is why invest over time based based on the time and environment, every investor can learn from real experience and make timely decisions.

How about other prerequisites you consider to be important, before getting started?  You are considering getting in a certain mindset that will help in the holding through potentially tough and volatile times?

In my opinion, mindset should never be seen as an emotion. It is a means of proper investment planning. It depends on the mentality of a person whether he is actually trading or investing. One should have a mentality of investing for a minimum period of 4 to 10 years. By real prerequisite, I mean how much of the discretionary income will be divided to buy Bitcoin, how much will be kept in the back-up fund and how aggressively to invest according to the time. However, excessive aggressiveness or excessive whimpiness are two problems in investment.

You were responding to Nathrixxx, and Nathrixxx seems to think that we have to plan our bitcoin investment so that we only get out when the market indicates that we should get out.. Check out his last sentence that I have bolded.  Do you agree with him?  You think we should look at the market to help to tell us what to do?

I think the weakest part of Nathrixxx's statement is that he is making decisions based on market signals to exit or not. This is actually a trading mentality. Bitcoin's price fluctuates a lot. That's why it is not possible to determine the real position of Bitcoin in the short term.

[JayJuanGee]

I think there is a mistake here because emergency funds have nothing to do with the investments we make.
From the beginning, we should have a plan for our income and this is where we need to manage our discretionary funds well.

An investment should remain an investment and an emergency fund should remain an emergency fund. We can't put the two together.
When we invest but put aside the emergency fund it is clearly not feasible because after all the emergency fund can be very useful for urgent needs at any time without us realizing it and we don't have to be confused let alone take the investment we are doing.
Emergency funds from the start must exist even though in this case maybe you don't invest, emergency funds must still be considered. When we start investing the emergency fund must still be there and must not interfere with it.

If you don't like the term "emergency fund" then use the term back up funds.

Also we are talking about bitcoin investing here, so if you are considering the idea of investing into bitcoin, then do you want back up funds or not?  I would think that you do.  I would think that guys want to protect their bitcoin investment, and it does not have to be an emergency, yet any decrease in income and/or increase in expenses could cause a premature tapping into the bitcoin.

If a guy has absoilutely no back up funds, and he hears about bitcoin, are you saying that he cannot get started investing in bitcoin?  How long do you want him to wait?  How much back up funds does he needs to build?

And why do we give any shits about emergencies unless it is in the context of protecting our bitcoin investment.  Aren't we in a bitcoin thread?

If a person had not been in the practice of keeping back up funds prior to hearing about bitcoin, then are you suggesting that he needs to build up some emergency funds before he can start investing in bitcoin?

For the back up fund, it will make more sense because honestly at the moment I still consider the bakc up fund and the emergency fund to be different and I don't think they can be equated.

Thanks for the further elaboration, and it seems that it could be that we are disputing over semantics.... even though I think that ultimately you are placing unnecessarily high requirements on a guy to have high levels of back up funds (emergency funds) before a guy can invest into bitcoin, and surely how much back up funds and/or emergency funds that a guy needs is going to vary from person to person, even if they might not be able to accurately assess their needs or how much back up funds/emergency funds they need.

You seem to define back up funds, reserve funds and emergency funds differently from me.

I consider back up funds to be a general term that covers emergency funds, reserve funds and float.

Emergency funds are the last resort funds before having to tap into bitcoin (so each person has to figure out the bare minimum that he might spend from his back up funds and then say no more spending absent actual emergency usage).  For example, a person might keep 3 months of expenses.. yet it could take several years to build up emergency funds to get to that level.. so he likely is going to have lower limits in regards to emergency funds as he is building them up.... Ultimately if all emergency funds are exhausted then he taps into his bitcoin so bitcoin ends up serving as funds for emergency funds, yet we talk about bitcoin as something that we do not want to tap into, so we keep extra funds in cash that we label as emergency funds so that we do not have to tap into our bitcoin until we run out of all other resources.

reserve funds have a lot  of flexibility, and they can be assigned specific purposes or just be kept generally .. they are only distinguishable from emergency funds because they are funds that are in excess of emergency funds.

I consider float funds to be cash that had not yet been put into discretionary funds because expenses might not be determined.. so for example if a person is not sure if his utility expenses are going to be $20, $50 or $125, he will keep $125 as float and then once the expenses are determined.. to be $50, then he can put the other $75 into his discretionary funds.. which means he can invest, save or consume with that float money once the amount of his utility bill is determined.

When the reserve fund is used as a pattern for backing up purchases, it will be very worth it because after all, the back up fund is more flexible in nature unlike the emergency fund which sometimes becomes fixed.

You seem to be using back up funds and reserves as the same thing, and emergency funds as different, and sure no problem with that.

It still does not resolve the issue in regards to how much emergency funds and/or back up funds you think are needed to already have in place in order to be able to get started investing in bitcoin.

Emergency funds from my version are more directed to a condition related to daily life which is much more private and investing in bitcoin cannot be used as an emergency that must make emergency funds as a back up for purchases.

Personally, I would think that if all back up funds are getting so low that only emergency funds are remaining, then of course, by then we have already stopped buying bitcoin and we should be attempting to cut off all expenses except absolute necessities until our next pay comes in.  If we do not have any more expected pay, then we would exhaust our emergency funds prior to tapping into our bitcoin... but yeah, it can sometimes be a dilemma whether to use cash that we already have or to sell some bitcoin to make sure that we have enough cash, so we try to avoid getting into that situation by trying to maintain  enough of our various back up funds.. but yeah there could be situations where all the various back up funds (including float, reserve funds and then finally emergency funds) end up getting depleted based on loss of income and/or increased expenses... and then at that point all that we have remaining to tap into is our bitcoin.

Unlike the back fund because its nature becomes more flexible so that it can be anything including for backing up bitcoin purchases.

you are using back up funds and reserves as the same... whereby I consider back up fund to be a general term that covers all of the kinds of back up funds and reserves is a category that does not include emergency funds, even though for sure reserve funds can be used for emergencies, and once all reserve funds are used up, then the emergency funds would be tapped into since by definition emergency funds would be the only thing remaining once all other funds are used up, which is reserves and float.

In recent times, I started moving away specifically referring to emergency funds as a term since it seems to cause confusion in the context of bitcoin... even though surely there is a category in which we likely have to change our behaviors when our various back up funds are getting exhausted and to realize that we cannot spend anymore until our next pay comes in.  It surely is better to tryto always keep enough funds available so we are not running out of cash, and so we have options, yet sometimes we do get into situations where our cashflows are tight and then we might have to make tough decisions regarding delaying some purchases or even buying less expensive items or not to buy bitcoin and various levels of cutting back on expenses as our various back up funds are depleted whereby we ONLY have a small amount left that we consider to be emergency funds.

Perhaps a brand new investor might have only 2-6 weeks of his expenses as back up funds, yet the longer that he is investing in bitcoin and the longer that he is building up his various back up funds, then the larger his back up funds should becomes..

so for example:

maybe the first month of investing in bitcoin back up funds are ONLY 2 weeks of expenses and the bitcoin investment is 1 week of expenses (amount put in)

after 3 months the back up funds are 4 weeks of expenses and the bitcoin investment is 3.5 weeks of expenses (amount put in)

after 6 months the back up funds are 6 weeks of expenses and the bitcoin investment is 6 weeks of expenses (amount put in)

after 12 months the back up funds are 9 weeks of expenses and the bitcoin investment is 10 weeks of expenses (amount put in)

after 18 months the back up funds are 11 weeks of expenses and the bitcoin investment is 14 weeks of expenses (amount put in)

after 24 months the back up funds are 12 weeks of expenses and the bitcoin investment is 17 weeks of expenses (amount put in)

after 36 months the back up funds are 14 weeks of expenses and the bitcoin investment is 23 weeks of expenses (amount put in)

In the above example of a progressing situation, I paint a scenario in which progress is being made at a pretty decently good rate, and there are not any major set-backs in the progress along the way, even though in the real world, there frequently will be set backs (or threats of set-backs), yet maybe we still would strive to making progress, overcome challenges along the way and try to make sure that we are making progress even though sometimes the progress might become slower than at other times.

Of course, the amounts that are achieved at various points along the way can vary depending on the person's income situation and cashflow management practices, and also how much he is tapping into his back up funds (hopefully not tapping into his bitcoin), and since bitcoin is quite volatile the actual value of the funds might be lower or higher than the amount put in.

It would seem that with the more passage of time, we might expect the dollar (fiat) value of the bitcoin to become larger than the amount put it.. and even the value of the back up funds might not keep up with our expenses, since it is ongoingly being debased, so frequently each year we may have to increase the amounts of back up funds that we are keeping on hand based on our expenses going up in dollar amounts and based on the ongoing debasement of the dollar.

Yet if we are doing things correctly, our financial (and likely psychological) situation should be improving with the passage of time.

[edited out]

Everyone with zero buffer can start Bitcoin investment, absolutely but without backup even a little income hiccup or unexpected expense turns volatility into stress and forces bad decisions. even with small runway helps protect the bitcoin if people are trying to accumulate , so is not to build emergency fund first. the aim is not gatekeeping bitcoin it is avoiding situations where life event push one into selling at the wrong time.

There needs to be some buffer to start investing in bitcoin otherwise there is no way of knowing if you are using discretionary funds to invest... so if you use some money to buy bitcoin, there has to be some cash on hand in order to make it to the next paycheck. You cannot use all the money that you have.

Another thing once you get started investing in bitcoin you always have to keep a buffer, and hopefully the longer that you are in bitcoin, then the larger your buffer grows dueyou to your cashflow management and your desire to protect and grow your bitcoin.

Even if you don't know all of the irregularities that might come to your cashflow in the future due to potential losses of income and/or potential increases in expenses, you have to do your best to prepare and to protect your bitcoin, and if you end up screwing it up, then you might not be able to recover.  So there is a need to find an appropriate and adequate balance that is measured based on your own circumstances. No one is going to help you if you fuck it up, so you have to live with the consequences of your mistake, whether you end up making the mistake of being overly aggressive or the mistake of being overly whimpy.  You choose your level of aggressiveness/whimpiness which is also reflected in how well you manage your cashflow that includes your decisions about how much back up funds (buffer) to keep .

[RockBell]

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

You're right, my friend, that all buying strategies in Bitcoin investment are good and have their own advantages. However, I personally disagree with your statement that DCA is only used by people with small funds to invest in Bitcoin. It's important to note that the DCA strategy is also used by people with large sums of money, such as Saylor and El Salvador. As far as I know, company and country owners actually use the DCA strategy to buy Bitcoin, and at one time, the accumulation can be quite substantial. Therefore, I think you're mistaken if you say that DCA is only used by people with small funds to buy Bitcoin. In reality, DCA can be used by anyone who wants it, regardless of whether they have a lot of money or not. DCA is a periodic buying strategy and is useful because it allows you to buy Bitcoin at the average price. That's what I know, but please correct me if I'm wrong.

DCA method is open to the rich and poor, it is a strategy that anybody or institutions can adopt likewise buying the dip, if you choose a strategy and cannot buy 1 Bitcoin or more you can trim it down to your capacity and be buying in fractions (sats). Even buying in lump sum doesn't have a specific amount that it is pegged to, average earners can also plan and buy with the strategy like the rich. Why DCA strategy is more highlighted and popular than any other strategies for accumulating Bitcoin is because of it's convenience, I believe that is why many investors choose it not necessarily because they can only afford to use small amounts to buy. I don't think there is any reliable statistics that shows that it's only small income earners that uses DCA method

The status of the person who wants to do DCA does not really matter because everyone is trying to make things easy for them. After all, they might decide to do DCA because it is very easy for them, and just that's when it comes to buying the dip, it favors the rich the more because they already have the money to buy instantly compare to someone that is not financially buoyant, so the financial status of the person also have there own advantage and for those that have a serious mindset to buy, they have to use DCA to there advantage.  

And the DCA gives the same privilege that the rich will get, since all fingers are equal, and whatever the case might be, DCA is always available for anyone to use, since it's a method of accumulating so anyone can make use of the channel since the convenience is there because of lack of funds and people are looking for to make it easy when it comes to buying.

[Bluedrem]

The status of the person who wants to do DCA does not really matter because everyone is trying to make things easy for them. After all, they might decide to do DCA because it is very easy for them, and just that's when it comes to buying the dip, it favors the rich the more because they already have the money to buy instantly compare to someone that is not financially buoyant, so the financial status of the person also have there own advantage and for those that have a serious mindset to buy, they have to use DCA to there advantage.  

And the DCA gives the same privilege that the rich will get, since all fingers are equal, and whatever the case might be, DCA is always available for anyone to use, since it's a method of accumulating so anyone can make use of the channel since the convenience is there because of lack of funds and people are looking for to make it easy when it comes to buying.

There are many who create funds to buy Bitcoin in DIP as opposed to investing in Bitcoin directly in DCA method. I would say that their efforts are putting them off investing in Bitcoin instead of making them profitable. A common person who has a discretionary income and is optimistic about Bitcoin can accumulate more Bitcoin in his portfolio if he buys Bitcoin in DCA than buying in DIP. As you said, DIP can help the rich, yes, it is partly true, because they have different types of funds allocated to them to invest in. As a result, when Bitcoin reaches the DIP price, they can use that fund to buy Bitcoin. In that case, the issue of keeping fiat currency for a long time should also be kept in mind because it constantly loses its value due to inflation. Again, there is doubt whether the real DIP will be found, so I think it is better to invest in Bitcoin only when someone has some money left to invest in Bitcoin. Because it goes without saying that no matter what price you invest in Bitcoin at today, the value of Bitcoin will increase several times more than its current price in the long term.

[Princess Leah]

The status of the person who wants to do DCA does not really matter because everyone is trying to make things easy for them. After all, they might decide to do DCA because it is very easy for them, and just that's when it comes to buying the dip, it favors the rich the more because they already have the money to buy instantly compare to someone that is not financially buoyant, so the financial status of the person also have there own advantage and for those that have a serious mindset to buy, they have to use DCA to there advantage.  

And the DCA gives the same privilege that the rich will get, since all fingers are equal, and whatever the case might be, DCA is always available for anyone to use, since it's a method of accumulating so anyone can make use of the channel since the convenience is there because of lack of funds and people are looking for to make it easy when it comes to buying.

There are many who create funds to buy Bitcoin in DIP as opposed to investing in Bitcoin directly in DCA method. I would say that their efforts are putting them off investing in Bitcoin instead of making them profitable. A common person who has a discretionary income and is optimistic about Bitcoin can accumulate more Bitcoin in his portfolio if he buys Bitcoin in DCA than buying in DIP. As you said, DIP can help the rich, yes, it is partly true, because they have different types of funds allocated to them to invest in. As a result, when Bitcoin reaches the DIP price, they can use that fund to buy Bitcoin. In that case, the issue of keeping fiat currency for a long time should also be kept in mind because it constantly loses its value due to inflation. Again, there is doubt whether the real DIP will be found, so I think it is better to invest in Bitcoin only when someone has some money left to invest in Bitcoin. Because it goes without saying that no matter what price you invest in Bitcoin at today, the value of Bitcoin will increase several times more than its current price in the long term.

Left for me i don't really value buying the dip strategy cause with the DCA you'll encounter several dips and have the opportunity to buy them so i don't see any reason to wait knowing fully well that the market is volatile and could go the other way round, except the person is ignorant to understand the advantage of the DCA.

 So instead of an investment to put themselves in a position that would seem like a wild goose chase, in the name of waiting for the real DIP, it better to just invest consistently and take advantage of any dip they come across while on the DCA, maybe they could increase their discretionary for investment whenever a dip occurs and switch back to the normal amount they started with whenever the market is normal or goes back upwards.

[Gost ms]

Everyone with zero buffer can start Bitcoin investment, absolutely but without backup even a little income hiccup or unexpected expense turns volatility into stress and forces bad decisions. even with small runway helps protect the bitcoin if people are trying to accumulate , so is not to build emergency fund first. the aim is not gatekeeping bitcoin it is avoiding situations where life event push one into selling at the wrong time.

It is best to follow the Bitcoin investment DCA method, and to sustain Bitcoin investment for a long time, an emergency fund must be formed. An emergency fund must be formed so that no external danger can put pressure on Bitcoin holdings, it is best to invest in Bitcoin during the growing period because Bitcoin investment plays the most important role in becoming financially independent. However, investing in Bitcoin weekly is a much better idea and prudent income is used properly and money is wasted less. Once you enter Bitcoin investment, you will be interested in investing in Bitcoin again and again.

If a person is able to manage his money properly, then he will be able to use his discretionary income properly. If he invests through the DCA method, it does not mean that he is using his discretionary income properly. For example, if he invests the entire amount of his discretionary income, then it is never the right move. Therefore, it is very important for a person to manage his money properly.

I do not understand what you mean by less money wasted. If you mean by less money wasted the amount of money that has to be paid during the transaction, then you are very wrong. Because when someone buys through the DCA method, his network price is comparatively a little higher. Because there is not always the same amount of network price. The network price depends on the market pressure.

[Rockson1]

Left for me i don't really value buying the dip strategy cause with the DCA you'll encounter several dips and have the opportunity to buy them so i don't see any reason to wait knowing fully well that the market is volatile and could go the other way round, except the person is ignorant to understand the advantage of the DCA.

 So instead of an investment to put themselves in a position that would seem like a wild goose chase, in the name of waiting for the real DIP, it better to just invest consistently and take advantage of any dip they come across while on the DCA, maybe they could increase their discretionary for investment whenever a dip occurs and switch back to the normal amount they started with whenever the market is normal or goes back upwards.

You know ignorance they say is disease but not an excuse for anyone to continue swimming in it, waiting has never and will never be an option for any investor although old members can say because they have been acumulating for awhile, ans say they will try the dip stuff but is that even a good one, personally I do not even fancy that, since we can not say exactly the time the dips will be and how long it will stay, why waiting for such.
For serious minds, I do not think that they see waiting as an excuse, for such a volatile asset, waiting to buy dips should not in any way come to our mind, since we can buy through DCA strategy that covers all other methods, I think people should be clear on what we are saying, I did not say buying the dip is not good but rather waiting and being idle, doing nothing in the name of the dip is a kind unwise because it can amount to nothing at the end.

[Silikiem]

Dude all the strategies are best and unique in their own way and people who consider DCA method best are people or folks that are using little amount of money to accumulate Bitcoin and yes for them it is best because they can afford to use that strategy. Those who always use the lump sum method consider it as best because they can also afford it and they knew the amount of Bitcoin fraction they always get in a lump sum. How we follow up with any strategy matters a lot because there are people who are still using the DCA method and yet they are comfortable with it even when people say it is the best.

You're right, my friend, that all buying strategies in Bitcoin investment are good and have their own advantages. However, I personally disagree with your statement that DCA is only used by people with small funds to invest in Bitcoin. It's important to note that the DCA strategy is also used by people with large sums of money, such as Saylor and El Salvador. As far as I know, company and country owners actually use the DCA strategy to buy Bitcoin, and at one time, the accumulation can be quite substantial. Therefore, I think you're mistaken if you say that DCA is only used by people with small funds to buy Bitcoin. In reality, DCA can be used by anyone who wants it, regardless of whether they have a lot of money or not. DCA is a periodic buying strategy and is useful because it allows you to buy Bitcoin at the average price. That's what I know, but please correct me if I'm wrong.

You’re right, the DCA method of buying bitcoin does not have any exceptions when it comes to financial status of individuals or investors, weather high income or low income earners. Everyone of them is capable of using the DCA method to invest. It’s just that buying bitcoin depends on individuals discretionary income, and you can buy according to your own level of income such that if your income is high, then you’ll be able to invest with a discretionary income more higher than those with low income. But above all, what really matters is that everyone is buying bitcoin weather low or high income earners.

[Joeboy]

There needs to be some buffer to start investing in bitcoin otherwise there is no way of knowing if you are using discretionary funds to invest... so if you use some money to buy bitcoin, there has to be some cash on hand in order to make it to the next paycheck. You cannot use all the money that you have.

Another thing once you get started investing in bitcoin you always have to keep a buffer, and hopefully the longer that you are in bitcoin, then the larger your buffer grows dueyou to your cashflow management and your desire to protect and grow your bitcoin.

Even if you don't know all of the irregularities that might come to your cashflow in the future due to potential losses of income and/or potential increases in expenses, you have to do your best to prepare and to protect your bitcoin, and if you end up screwing it up, then you might not be able to recover.  So there is a need to find an appropriate and adequate balance that is measured based on your own circumstances. No one is going to help you if you fuck it up, so you have to live with the consequences of your mistake, whether you end up making the mistake of being overly aggressive or the mistake of being overly whimpy.  You choose your level of aggressiveness/whimpiness which is also reflected in how well you manage your cashflow that includes your decisions about how much back up funds (buffer) to keep .

That's is right sir....Folks really need to find that balance that fits well with their financial situation instead of copying others....And that balance can only be gotten when folks intentionally assess themselves by first deciding the level of aggressiveness that fits their financial situation...Secondly, by determining how much buffer is reasonable for you to keep at hand, while also understanding that this buffer can be increased overtime when their is an increment in Income.... And thirdly, by engaging in a proper management of cashflow.

[Sulegzy39]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Many people have this problem is better for you to buy bitcoin when the price is low, so that you will enjoy it when the price is high no one is going to help you when you fuck it up so you have to live the consequences of your mistake buying strategies in bitcoins investment are good  and have their own advantage.those who always use the lump sum methods consider it as best because they can also afford it. So if you use some money to buy bitcoin there has to be some cash in hand in order to the next paycheck so the financial status of the person also have there own advantage and for those that have a serious mindset.

[Crytohillss]

I think there is a mistake here because emergency funds have nothing to do with the investments we make.
From the beginning, we should have a plan for our income and this is where we need to manage our discretionary funds well.

An investment should remain an investment and an emergency fund should remain an emergency fund. We can't put the two together.
When we invest but put aside the emergency fund it is clearly not feasible because after all the emergency fund can be very useful for urgent needs at any time without us realizing it and we don't have to be confused let alone take the investment we are doing.
Emergency funds from the start must exist even though in this case maybe you don't invest, emergency funds must still be considered. When we start investing the emergency fund must still be there and must not interfere with it.

If you don't like the term "emergency fund" then use the term back up funds.

Also we are talking about bitcoin investing here, so if you are considering the idea of investing into bitcoin, then do you want back up funds or not?  I would think that you do.  I would think that guys want to protect their bitcoin investment, and it does not have to be an emergency, yet any decrease in income and/or increase in expenses could cause a premature tapping into the bitcoin.

If a guy has absoilutely no back up funds, and he hears about bitcoin, are you saying that he cannot get started investing in bitcoin?  How long do you want him to wait?  How much back up funds does he needs to build?

And why do we give any shits about emergencies unless it is in the context of protecting our bitcoin investment.  Aren't we in a bitcoin thread?

If a person had not been in the practice of keeping back up funds prior to hearing about bitcoin, then are you suggesting that he needs to build up some emergency funds before he can start investing in bitcoin?

For the back up fund, it will make more sense because honestly at the moment I still consider the bakc up fund and the emergency fund to be different and I don't think they can be equated.

Thanks for the further elaboration, and it seems that it could be that we are disputing over semantics.... even though I think that ultimately you are placing unnecessarily high requirements on a guy to have high levels of back up funds (emergency funds) before a guy can invest into bitcoin, and surely how much back up funds and/or emergency funds that a guy needs is going to vary from person to person, even if they might not be able to accurately assess their needs or how much back up funds/emergency funds they need.

You seem to define back up funds, reserve funds and emergency funds differently from me.

I consider back up funds to be a general term that covers emergency funds, reserve funds and float.

Emergency funds are the last resort funds before having to tap into bitcoin (so each person has to figure out the bare minimum that he might spend from his back up funds and then say no more spending absent actual emergency usage).  For example, a person might keep 3 months of expenses.. yet it could take several years to build up emergency funds to get to that level.. so he likely is going to have lower limits in regards to emergency funds as he is building them up.... Ultimately if all emergency funds are exhausted then he taps into his bitcoin so bitcoin ends up serving as funds for emergency funds, yet we talk about bitcoin as something that we do not want to tap into, so we keep extra funds in cash that we label as emergency funds so that we do not have to tap into our bitcoin until we run out of all other resources.

reserve funds have a lot  of flexibility, and they can be assigned specific purposes or just be kept generally .. they are only distinguishable from emergency funds because they are funds that are in excess of emergency funds.

I consider float funds to be cash that had not yet been put into discretionary funds because expenses might not be determined.. so for example if a person is not sure if his utility expenses are going to be $20, $50 or $125, he will keep $125 as float and then once the expenses are determined.. to be $50, then he can put the other $75 into his discretionary funds.. which means he can invest, save or consume with that float money once the amount of his utility bill is determined.

When the reserve fund is used as a pattern for backing up purchases, it will be very worth it because after all, the back up fund is more flexible in nature unlike the emergency fund which sometimes becomes fixed.

You seem to be using back up funds and reserves as the same thing, and emergency funds as different, and sure no problem with that.

It still does not resolve the issue in regards to how much emergency funds and/or back up funds you think are needed to already have in place in order to be able to get started investing in bitcoin.

Emergency funds from my version are more directed to a condition related to daily life which is much more private and investing in bitcoin cannot be used as an emergency that must make emergency funds as a back up for purchases.

Personally, I would think that if all back up funds are getting so low that only emergency funds are remaining, then of course, by then we have already stopped buying bitcoin and we should be attempting to cut off all expenses except absolute necessities until our next pay comes in.  If we do not have any more expected pay, then we would exhaust our emergency funds prior to tapping into our bitcoin... but yeah, it can sometimes be a dilemma whether to use cash that we already have or to sell some bitcoin to make sure that we have enough cash, so we try to avoid getting into that situation by trying to maintain  enough of our various back up funds.. but yeah there could be situations where all the various back up funds (including float, reserve funds and then finally emergency funds) end up getting depleted based on loss of income and/or increased expenses... and then at that point all that we have remaining to tap into is our bitcoin.

Unlike the back fund because its nature becomes more flexible so that it can be anything including for backing up bitcoin purchases.

you are using back up funds and reserves as the same... whereby I consider back up fund to be a general term that covers all of the kinds of back up funds and reserves is a category that does not include emergency funds, even though for sure reserve funds can be used for emergencies, and once all reserve funds are used up, then the emergency funds would be tapped into since by definition emergency funds would be the only thing remaining once all other funds are used up, which is reserves and float.

In recent times, I started moving away specifically referring to emergency funds as a term since it seems to cause confusion in the context of bitcoin... even though surely there is a category in which we likely have to change our behaviors when our various back up funds are getting exhausted and to realize that we cannot spend anymore until our next pay comes in.  It surely is better to tryto always keep enough funds available so we are not running out of cash, and so we have options, yet sometimes we do get into situations where our cashflows are tight and then we might have to make tough decisions regarding delaying some purchases or even buying less expensive items or not to buy bitcoin and various levels of cutting back on expenses as our various back up funds are depleted whereby we ONLY have a small amount left that we consider to be emergency funds.

Perhaps a brand new investor might have only 2-6 weeks of his expenses as back up funds, yet the longer that he is investing in bitcoin and the longer that he is building up his various back up funds, then the larger his back up funds should becomes..

so for example:

maybe the first month of investing in bitcoin back up funds are ONLY 2 weeks of expenses and the bitcoin investment is 1 week of expenses (amount put in)

after 3 months the back up funds are 4 weeks of expenses and the bitcoin investment is 3.5 weeks of expenses (amount put in)

after 6 months the back up funds are 6 weeks of expenses and the bitcoin investment is 6 weeks of expenses (amount put in)

after 12 months the back up funds are 9 weeks of expenses and the bitcoin investment is 10 weeks of expenses (amount put in)

after 18 months the back up funds are 11 weeks of expenses and the bitcoin investment is 14 weeks of expenses (amount put in)

after 24 months the back up funds are 12 weeks of expenses and the bitcoin investment is 17 weeks of expenses (amount put in)

after 36 months the back up funds are 14 weeks of expenses and the bitcoin investment is 23 weeks of expenses (amount put in)

In the above example of a progressing situation, I paint a scenario in which progress is being made at a pretty decently good rate, and there are not any major set-backs in the progress along the way, even though in the real world, there frequently will be set backs (or threats of set-backs), yet maybe we still would strive to making progress, overcome challenges along the way and try to make sure that we are making progress even though sometimes the progress might become slower than at other times.

Of course, the amounts that are achieved at various points along the way can vary depending on the person's income situation and cashflow management practices, and also how much he is tapping into his back up funds (hopefully not tapping into his bitcoin), and since bitcoin is quite volatile the actual value of the funds might be lower or higher than the amount put in.

It would seem that with the more passage of time, we might expect the dollar (fiat) value of the bitcoin to become larger than the amount put it.. and even the value of the back up funds might not keep up with our expenses, since it is ongoingly being debased, so frequently each year we may have to increase the amounts of back up funds that we are keeping on hand based on our expenses going up in dollar amounts and based on the ongoing debasement of the dollar.

Yet if we are doing things correctly, our financial (and likely psychological) situation should be improving with the passage of time.

[edited out]

Everyone with zero buffer can start Bitcoin investment, absolutely but without backup even a little income hiccup or unexpected expense turns volatility into stress and forces bad decisions. even with small runway helps protect the bitcoin if people are trying to accumulate , so is not to build emergency fund first. the aim is not gatekeeping bitcoin it is avoiding situations where life event push one into selling at the wrong time.

There needs to be some buffer to start investing in bitcoin otherwise there is no way of knowing if you are using discretionary funds to invest... so if you use some money to buy bitcoin, there has to be some cash on hand in order to make it to the next paycheck. You cannot use all the money that you have.

Another thing once you get started investing in bitcoin you always have to keep a buffer, and hopefully the longer that you are in bitcoin, then the larger your buffer grows dueyou to your cashflow management and your desire to protect and grow your bitcoin.

Even if you don't know all of the irregularities that might come to your cashflow in the future due to potential losses of income and/or potential increases in expenses, you have to do your best to prepare and to protect your bitcoin, and if you end up screwing it up, then you might not be able to recover.  So there is a need to find an appropriate and adequate balance that is measured based on your own circumstances. No one is going to help you if you fuck it up, so you have to live with the consequences of your mistake, whether you end up making the mistake of being overly aggressive or the mistake of being overly whimpy.  You choose your level of aggressiveness/whimpiness which is also reflected in how well you manage your cashflow that includes your decisions about how much back up funds (buffer) to keep .

Anybody can start little with bitcoin while building backup funds at the same time, those two things aren't mutually exclusive the real risk is not purchasing bitcoin on time it is having little cushion and then needing liquidity because life happens, also backup don't have to be framed as some kind of dramatic. So people doesn't need to wait for eternity or hit some magic number before starting to invest on bitcoin  so the whole idea  is protecting your long term position.

[Brizi5000]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Many people have this problem is better for you to buy bitcoin when the price is low, so that you will enjoy it when the price is high no one is going to help you when you fuck it up so you have to live the consequences of your mistake buying strategies in bitcoins investment are good  and have their own advantage.those who always use the lump sum methods consider it as best because they can also afford it. So if you use some money to buy bitcoin there has to be some cash in hand in order to the next paycheck so the financial status of the person also have there own advantage and for those that have a serious mindset.

What exactly are you promoting by making this statement saying that it’s better to buy bitcoin when the price is low so that you will enjoy when the price is high, that is a very wrong mindset when it comes to bitcoin investment, as a matter of fact such mindset is not a mindset of real investors but a traders mindset who are only interested for quick profits. Buying the dip is only meant to be an opportunity for bitcoin investors to take advantage to buy more in such rate when it shows itself, but saying that it’s better to buy when the price is low so that you will enjoy when the price is high is portraying a very wrong mindset because this is capable of misleading the newbies into waiting and delaying to buy bitcoin until the dip occurs before they can buy bitcoin. You don’t have to wait until the price is low before buying bitcoin as a true long term investor because with the DCA method you can be able to buy bitcoin at any market price with just a discretionary income weather week or monthly periods, and hodl it for the long term aim so that you can be gradually building and improving your bitcoin portfolio. Buying the dip is good opportunity but it shouldn’t be the basis upon which you are building your investment especially as a newbie because you might be waiting for the dip to occur and it will not occur thereby making you to waste your precious time that would have been used to accumulate some bitcoin with just your discretionary income and hold to build your investment.

Above all, i think is more better you focus on getting a discretionary income and use to be buying bitcoin regularly with the DCA method to be building your investment gradually than to be waiting for the dip which might not occur.

[Umulala-alala]

Left for me i don't really value buying the dip strategy cause with the DCA you'll encounter several dips and have the opportunity to buy them so i don't see any reason to wait knowing fully well that the market is volatile and could go the other way round, except the person is ignorant to understand the advantage of the DCA.

 So instead of an investment to put themselves in a position that would seem like a wild goose chase, in the name of waiting for the real DIP, it better to just invest consistently and take advantage of any dip they come across while on the DCA, maybe they could increase their discretionary for investment whenever a dip occurs and switch back to the normal amount they started with whenever the market is normal or goes back upwards.

You know ignorance they say is disease but not an excuse for anyone to continue swimming in it, waiting has never and will never be an option for any investor although old members can say because they have been acumulating for awhile, ans say they will try the dip stuff but is that even a good one, personally I do not even fancy that, since we can not say exactly the time the dips will be and how long it will stay, why waiting for such.
For serious minds, I do not think that they see waiting as an excuse, for such a volatile asset, waiting to buy dips should not in any way come to our mind, since we can buy through DCA strategy that covers all other methods, I think people should be clear on what we are saying, I did not say buying the dip is not good but rather waiting and being idle, doing nothing in the name of the dip is a kind unwise because it can amount to nothing at the end.

Some people believe that waiting for the dip before buying BTC is the best option since they will buy at low price but that's a wrong way of buying bitcoin as a new investor who just newly started buying bitcoin. Waiting to buy the dip is a time waisting strategy and some persons end up not getting started or end up having a poor bitcoin portfolio, since we have the dca strategy the dip strategy should be of no use to an investor who has not reached his BTC accumulation stage because they will be buying regularly using the dca strategy. The dip is an opportunity for an investors to increase there bitcoin stack if they have a reserve funds by buying more not bad but too bad when waiting for the dip to buy BTC.

[Gallar]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Many people have this problem is better for you to buy bitcoin when the price is low, so that you will enjoy it when the price is high no one is going to help you when you fuck it up so you have to live the consequences of your mistake buying strategies in bitcoins investment are good  and have their own advantage.those who always use the lump sum methods consider it as best because they can also afford it. So if you use some money to buy bitcoin there has to be some cash in hand in order to the next paycheck so the financial status of the person also have there own advantage and for those that have a serious mindset.

People who are afraid to buy when the Bitcoin price corrects and dare to buy when it rises are definitely suffering from FOMO (Focus on Investment), and it seems the majority are not true long-term investors. So, I think if we want to be long-term investors in Bitcoin, we must remember not to suffer from FOMO, because there's no point in just following the crowd. Investing in Bitcoin requires our own principles and not to be too swayed by the negative opinions of others.

As for buying Bitcoin at a low price, it's certainly great if we have the opportunity to seize such momentum. But remember, we shouldn't deliberately wait for the Bitcoin price to drop before making a purchase. That can waste a lot of time. So, we must enjoy every Bitcoin purchase we make, regardless of the price. If we don't enjoy it, we aren't investors who can protect our assets long-term. So, the point is, buying Bitcoin when the price drops is good if we happen to catch that momentum, but if we deliberately wait for that moment to come, I don't think so.

[JayJuanGee]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Many people have this problem is better for you to buy bitcoin when the price is low, so that you will enjoy it when the price is high no one is going to help you when you fuck it up so you have to live the consequences of your mistake buying strategies in bitcoins investment are good  and have their own advantage.those who always use the lump sum methods consider it as best because they can also afford it. So if you use some money to buy bitcoin there has to be some cash in hand in order to the next paycheck so the financial status of the person also have there own advantage and for those that have a serious mindset.

You seem to not be distinguishing between the three methods of accumulating bitcoin through buying which is DCA, lump sum and buying on dips. Each of them is different, even though generally for beginner investors it is probably better to get started with DCA, unless you have some extra funds (besides your regular income) available that you can invest or even front load into bitcoin.. then you can decide between the three methods of accumulating.

Another thing is that you have to figure out if you are investing or trading.. You used the word investment, but you are talking like a trader, since an investor may well end up developing a timeline that is 4-10 years or even longer.  Bitcoin is likely better as an investment rather than trying to trade it and ending up not accumulating as much.

You have only been registered on the forum for a couple of weeks, so do you personally have any plan or have you been doing anything to be an actual investor (or do you believe that waiting for dips that might not happen is a good approach, especially if you either don't have any BTC or you don't have many BTC?). 

You might want to explain what you are doing if you want other members to attempt to understand if what you are saying makes much if any sense in light of potential objectives.

There are a lot of guys who use the term "investment" but they seem to have hardly any clue what the idea of investing (especially in bitcoin) means.  What about you?  Do you know the difference between investing and trading, and do you know what you are doing?  Maybe also consider your 9 individual factors in order to assess where you are at, where you want to go and how you want to talk to other members about investing and/or trading (in the event that you think that it might be a good idea to try to trade bitcoin).

[Catenaccio]

You seem to not be distinguishing between the three methods of accumulating bitcoin through buying which is DCA, lump sum and buying on dips. Each of them is different, even though generally for beginner investors it is probably better to get started with DCA, unless you have some extra funds (besides your regular income) available that you can invest or even front load into bitcoin.. then you can decide between the three methods of accumulating.

They are different strategies and require different conditions for practice but the universal condition for all investors is they must have good investment capital initially which decides their emotion, psychology, decision and investment results later.

The most common and biggest condition is only invest with own money that gives investors very solid foundation for their investment practice especially their exits. With own money, they will not have to sell their bitcoins when they don't have profit as they already managed their finance well before starting their investment and Bitcoin purchases.

If any people as investors can manage financial and capital preparation well before starting, their investment practice and exit plans later will be more comfortable and it increases chance of getting profit.

[Tonimez]

This is the problem people have. They will not not want to buy when the price is low but later want to buy when the price is high. The safest coin to buy right now is bitcoin. If you buy it, it is better not to be checking your wallet balance in dollars. Just leave the coin and be expecting bitcoin to get to $100000. Because the price is falling, some people will panic and sell just like what happened yesterday. Do not do that. Do not sell if you buy even now.

Many people have this problem is better for you to buy bitcoin when the price is low, so that you will enjoy it when the price is high no one is going to help you when you fuck it up so you have to live the consequences of your mistake buying strategies in bitcoins investment are good  and have their own advantage.those who always use the lump sum methods consider it as best because they can also afford it. So if you use some money to buy bitcoin there has to be some cash in hand in order to the next paycheck so the financial status of the person also have there own advantage and for those that have a serious mindset.

You seem to not be distinguishing between the three methods of accumulating bitcoin through buying which is DCA, lump sum and buying on dips. Each of them is different, even though generally for beginner investors it is probably better to get started with DCA, unless you have some extra funds (besides your regular income) available that you can invest or even front load into bitcoin.. then you can decide between the three methods of accumulating.

Another thing is that you have to figure out if you are investing or trading.. You used the word investment, but you are talking like a trader, since an investor may well end up developing a timeline that is 4-10 years or even longer.  Bitcoin is likely better as an investment rather than trying to trade it and ending up not accumulating as much.

You have only been registered on the forum for a couple of weeks, so do you personally have any plan or have you been doing anything to be an actual investor (or do you believe that waiting for dips that might not happen is a good approach, especially if you either don't have any BTC or you don't have many BTC?). 

You might want to explain what you are doing if you want other members to attempt to understand if what you are saying makes much if any sense in light of potential objectives.

There are a lot of guys who use the term "investment" but they seem to have hardly any clue what the idea of investing (especially in bitcoin) means.  What about you?  Do you know the difference between investing and trading, and do you know what you are doing?  Maybe also consider your 9 individual factors in order to assess where you are at, where you want to go and how you want to talk to other members about investing and/or trading (in the event that you think that it might be a good idea to try to trade bitcoin).

There are many bitcoin traders who claim to be investors but their actions speak differently about who they really are. Sometimes having the patience to HODL your bitcoin for long is very important as buying it. This is because as a beginner any mistake can cause misconception of what bitcoin really is. So understand the relevance of the three investment strategies and the situations where they can be employed is very important.

Regular income earners should focus on DCA approach because it gives you the peace of mind you need to hold your bitcoin for a long period of 4 to 10 years without panic selling or selling off due to emergency situation because it allows you to plan well and also accumulate your emergency funds simultaneously. A good knowledge of the investment strategies is very good and one has to avoid investing by lump-sum when he has not got any additional discretionary income, this means that you don't need to rush into lump-sum without adequate financial management or going into buying the dip when you don't have additional discretionary income.

Traders focus more on profits order than holding. They take higher risks and sometimes end up leaving bitcoin investment completely when they loose their money. Over my period of time spent on this forum, I have come to have good trust in bitcoin and I now see bitcoin as an investment (similar to real estate) and not a trade as some people may see it.

[Charcol]

Left for me i don't really value buying the dip strategy cause with the DCA you'll encounter several dips and have the opportunity to buy them so i don't see any reason to wait knowing fully well that the market is volatile and could go the other way round, except the person is ignorant to understand the advantage of the DCA.

 So instead of an investment to put themselves in a position that would seem like a wild goose chase, in the name of waiting for the real DIP, it better to just invest consistently and take advantage of any dip they come across while on the DCA, maybe they could increase their discretionary for investment whenever a dip occurs and switch back to the normal amount they started with whenever the market is normal or goes back upwards.

You know ignorance they say is disease but not an excuse for anyone to continue swimming in it, waiting has never and will never be an option for any investor although old members can say because they have been acumulating for awhile, ans say they will try the dip stuff but is that even a good one, personally I do not even fancy that, since we can not say exactly the time the dips will be and how long it will stay, why waiting for such.
For serious minds, I do not think that they see waiting as an excuse, for such a volatile asset, waiting to buy dips should not in any way come to our mind, since we can buy through DCA strategy that covers all other methods, I think people should be clear on what we are saying, I did not say buying the dip is not good but rather waiting and being idle, doing nothing in the name of the dip is a kind unwise because it can amount to nothing at the end.

Some people believe that waiting for the dip before buying BTC is the best option since they will buy at low price but that's a wrong way of buying bitcoin as a new investor who just newly started buying bitcoin. Waiting to buy the dip is a time waisting strategy and some persons end up not getting started or end up having a poor bitcoin portfolio, since we have the dca strategy the dip strategy should be of no use to an investor who has not reached his BTC accumulation stage because they will be buying regularly using the dca strategy. The dip is an opportunity for an investors to increase there bitcoin stack if they have a reserve funds by buying more not bad but too bad when waiting for the dip to buy BTC.

And the biggest problem is when you rely on buying DIP without a clear plan to deposit. For new investors, DCA can probably be that strategy. Because it reduces the hesitation in making decisions. Again, you can survive making wrong decisions on emotion, and you can consistently take positions in the market without worrying about short term price fluctuations.One thing I have noticed is that many of those who wait for DIPs, stay out of the market for a long time, thinking that it will"go down a little more".As a result, buying DIPs in many cases becomes a kind of procrastination rather than a strategy. I think that buying DIPs definitely has value.However, buying DIPs makes sense only when an investor has already built a fundamental position.In that case, if you have extra funds saved up, it makes sense to add more Bitcoin to your portfolio during a major correction.But waiting for a DIP without any positions is basically getting into the timing game. And this is where new investors make the most mistakes. As a result, they cannot get out of NO COIN.