Buy Buy Buy or Sell Sell Sell?

[Gallar]

Yes, I agree with you, JJG, on this point. If we haven't reached the excessive accumulation stage, selling our Bitcoin is clearly the wrong move. It's like walking towards a city and then turning back. Therefore, it's best to be more patient before we reach our Bitcoin accumulation target. It would be a shame to abandon the foundation we've built over the past few years, as time can't be turned back. Essentially, if we could buy Bitcoin at $16,000 before, that's no longer possible. Therefore, selling Bitcoin before we've reached our accumulation limit is clearly a bad idea. So, for everyone, including me, we need to be patient, because investing in Bitcoin is no easy feat. The point is we have to fight to the max.

Actually what we need to do in investing is when the position we have has not reached its goal or target it is better to maintain the sale of Bitcoin that we have accumulated because the decision to sell suddenly actually has several factors that may immediately make the decision to sell so that things like this we must respond here through discussions with what we are doing now because someone sometimes finds it difficult to face such a long time in reaching the peak point but has the strength in terms of waiting for one of the right steps in investing by accumulating BTC with the aim of investing that we do now will become our future assets and if without patience everything will be so fatal in facing our future or for someone who does not wait in achieving the peak which is actually the point of investing must have patience in waiting for the point we want.

Yes, to be patient when investing long-term in Bitcoin, I think there are several things that must be adhered to so that everything runs more smoothly. One of them is CAPITAL. As we know and have discussed here, the capital that must be invested in Bitcoin is discretionary income. By investing with that capital, we can be more relaxed when holding Bitcoin. This is because the money used is discretionary money.

Then, the second thing is our PSYCHOLOGY and our initial INTENTION for investing. Because by being able to control our psychology and having good intentions or goals in Bitcoin investment, I believe this will have a positive impact on our journey in accumulating and holding Bitcoin.

Furthermore, we must not forget to have an EMERGENCY FUND as our financial buffer, so don't forget it.

And finally, we must understand the Bitcoin CYCLE. By understanding the Bitcoin cycle, we will not be afraid of price fluctuations. So by doing all these things, I am sure that someone who invests in Bitcoin will be more patient in holding their Bitcoin.

[MissNonFall9]

Buying deep is not bad, being able to buy a currency like bitcoin at a low price is really a matter of luck but the period of habit formation is the learning period when a person has been buying regularly for 6 months or 1 year, he has seen at least one small market cycle. During this time he understands that the market does not always go up this experience gives him the confidence to use DCA later. In the crypto market especially in the case of bitcoin psychological discipline is often more important than technical analysis. Many people think that it is best to buy when the market is falling. But the problem is, no one knows for sure when the market will reach its lowest point. Just waiting for a big drop and not investing regularly buying at regular intervals DCA, which reduces the average purchase price in the long run.

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

[Frankolala]

I want to get something here, you said the most important thing investors should do is to invest with the amount they can afford to lose, then I ask using spare money to invest is it because an investor decided to invest with what he can afford to lose or he is using his discreationary income in other not get pressure along the line, I think using what we can afford is following the concept of Bitcoin that said invest with amount that is within your power, I don't know if am right but i think advising investors to invest with what they can afford and lose is like telling them that there is no hope, it means they can lose both their capital as the case may be,.meaning that as a precautionary measures they should invest with what they can afford to lose, please I need your clear stance on this.

The leftover funds after you must have taken care of your basic needs and your monthly expenses is the amount of money that you can afford to lose because without that money, your financial life wouldn't be affected since you can do whatever, you want with it. Some people drink, club, womanize and gamble with their extra funds and when it's gon, they cannot get it back.

This is why you're advice to invest with that money, your leftover after taking care of your basic needs because it's the amount of money that you can afford to lose and if anything happens to such money, it will not be a problem to you.

Since bitcoin future isn't guaranteed, if you invest with the amount of money that you can afford to lose, if bitcoin price goes against you, it wouldn't be a big blow to you instead, you will carry on with life. Secondly, it's only the amount of money that you can afford to lose that will enable you hodli bitcoin for long and grow your bitcoin stash with your discretionary income. If you invest outside your discretionary income, you are gambling and will sell when your needs arises.

[PhilosopherKing]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

There is nothing normal about newbies prostponing investing because of dip. I consider it as a simply dumb move and newbies should stay away from such behavior.

Even if they are scared of the dip which they shouldn't be, they could do invest slowly with the money they that they can afford to loose.

And when they price shoot up, if they feel that their confidence has come back, they can increase what they invest. Using the flexible approach is far better than that postponing shit.

[Derekfunds]

Buying deep is not bad, being able to buy a currency like bitcoin at a low price is really a matter of luck but the period of habit formation is the learning period when a person has been buying regularly for 6 months or 1 year, he has seen at least one small market cycle. During this time he understands that the market does not always go up this experience gives him the confidence to use DCA later. In the crypto market especially in the case of bitcoin psychological discipline is often more important than technical analysis. Many people think that it is best to buy when the market is falling. But the problem is, no one knows for sure when the market will reach its lowest point. Just waiting for a big drop and not investing regularly buying at regular intervals DCA, which reduces the average purchase price in the long run.

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

This signify lack of Bitcoin investment knowledge and understanding. Someone who understands Bitcoin investment will never shift his or her Investment period because of market dip instead they will utilize that opportunity as they may not be privileged to see the price again and I'm sure some folks will regret later when the price of Bitcoin will surge from this current state. There are people who believe Bitcoin will not surge from this state now and that's why they are not investing but it will be like a magic to them when Bitcoin will surge.

[Proty]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

There is nothing normal about newbies prostponing investing because of dip. I consider it as a simply dumb move and newbies should stay away from such behavior.

Even if they are scared of the dip which they shouldn't be, they could do invest slowly with the money they that they can afford to loose.

And when they price shoot up, if they feel that their confidence has come back, they can increase what they invest. Using the flexible approach is far better than that postponing shit.

Yes there is nothing normal about that despite that they have not experienced a dip it is not a good thing for a newbie to halt accumulating bitcoin because of a dip. Knowing what a dip is should be part of the basic knowledge that  a newbie is supposed to have known before they start buying bitcoin. A dip is part of bitcoin cycle and should be taken as something that will always happen.

[Gallar]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

There is nothing normal about newbies prostponing investing because of dip. I consider it as a simply dumb move and newbies should stay away from such behavior.

Even if they are scared of the dip which they shouldn't be, they could do invest slowly with the money they that they can afford to loose.

And when they price shoot up, if they feel that their confidence has come back, they can increase what they invest. Using the flexible approach is far better than that postponing shit.

Yes there is nothing normal about that despite that they have not experienced a dip it is not a good thing for a newbie to halt accumulating bitcoin because of a dip. Knowing what a dip is should be part of the basic knowledge that  a newbie is supposed to have known before they start buying bitcoin. A dip is part of bitcoin cycle and should be taken as something that will always happen.

I believe that a downturn like the current one presents a golden opportunity to buy Bitcoin. The current price is clearly very low, and buying a large amount now would be a great deal, in my opinion. Rather than waiting to buy, I don't think it's worth it. So, the point is, don't let your thoughts turn against the current situation. When Bitcoin is low, you won't buy, but when it rises, you won't buy either, considering it too high. Therefore, open your mind and don't be constantly haunted by negative feelings and thoughts like these. This will hinder you from growing your Bitcoin portfolio. The bottom line is that when investing in Bitcoin, you must have the courage to think clearly and not rely solely on fear as a false shield that can be penetrated.

[AuchanX]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them.

This may seem natural from the outside, but it doesn't seem entirely correct to me. Because it may not apply to everyone. Of course, that's why I'm trying to explain it. If someone learns the basics of risk, volatility, and the history of Bitcoin from the beginning of investing, then I don't think a price drop should unprepared them. And it doesn't take much time to learn and understand this basic knowledge. It is possible to learn along with investing. Fear most often comes from a lack of knowledge and excessive expectations.

But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage.

Is this really true? We know that a full market cycle for Bitcoin lasts several years. A newbie may not feel the full pressure of a major bear market or a 50/70% long-term decline in a year.

[alankasman]

I believe that a downturn like the current one presents a golden opportunity to buy Bitcoin. The current price is clearly very low, and buying a large amount now would be a great deal, in my opinion. Rather than waiting to buy, I don't think it's worth it. So, the point is, don't let your thoughts turn against the current situation. When Bitcoin is low, you won't buy, but when it rises, you won't buy either, considering it too high. Therefore, open your mind and don't be constantly haunted by negative feelings and thoughts like these. This will hinder you from growing your Bitcoin portfolio. The bottom line is that when investing in Bitcoin, you must have the courage to think clearly and not rely solely on fear as a false shield that can be penetrated.

Of course as you stated the reason is not to dwell too much on what hasn't happened yet. Sometimes we want to buy Bitcoin but fail to do so because we think about things that aren't worth thinking about. This is common among both large investors and ordinary people who have recently become involved in Bitcoin.

One way to avoid this is to have the courage to do what we want. For example if we want to invest a small amount this sometimes means we don't have enough income or money to spend. So we invest in ways that are within our personal reach. Even though some of the proceeds or remaining funds are sometimes used for other needs we still invest the rest for our future. The reason is that we do it with courage and full concentration on our investment goals.

[Hewlet]

But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage.

Is this really true? We know that a full market cycle for Bitcoin lasts several years. A newbie may not feel the full pressure of a major bear market or a 50/70% long-term decline in a year.

The truth is that staying invested for a period of one year has this tendency of giving you a certain level of knowledge about the market and give you a certain level of edge whereby you are used to certain thing and you don't become frightened by sudden market reaction because you have been used to it. this is part of the reason why getting started in your bitcoin investment journey is actually necessary because the only way you stand to grow is when you get started and the earlier you start investing, the more advantage you have above those that have not started.

For every time you start investing, you do yourself more good than waiting longer before getting started and chances are high that the people that are struggling to get started at this point that they feel bitcoin price is down are skeptical about their decision all because they were not bold enough to start buying bitcoin at the right time. when the price of bitcoin eventually goes really up again and probably goes above the last ATH, those that are not willing to take advantage of the current DIP will still regret being reluctant because with time, an opportunity as this might not present itself again.

[Futurexxx]

Of course as you stated the reason is not to dwell too much on what hasn't happened yet. Sometimes we want to buy Bitcoin but fail to do so because we think about things that aren't worth thinking about. This is common among both large investors and ordinary people who have recently become involved in Bitcoin.

Their is a popular saying that goes like this; procrastination has kills more dreams than failure has ever done. And if you look into that statement very well, it's actually true.
Overtime I have come to understand that the starting point is always the most difficult point, that is why as a Bitcoin investor that want to invest in Bitcoin, we should try to start as early as possible or start once your discretionary income is available, so that you wouldn't be procrastinating or  keeps on postponing it when you would have gone a long way in your accumulation journey.
Along the line you may seek further knowledge on what and what measures that needs to be in place in other to hold strong, like having and emergency and reserve funds, so that you wouldn't temper or sell off your holdings due to real life emergencies.

[Tonimez]

[Edited out]

Yes there is nothing normal about that despite that they have not experienced a dip it is not a good thing for a newbie to halt accumulating bitcoin because of a dip. Knowing what a dip is should be part of the basic knowledge that  a newbie is supposed to have known before they start buying bitcoin. A dip is part of bitcoin cycle and should be taken as something that will always happen.

Fear is know to make people to loose more opportunities as they have already missed. For someone who has accumulated bitcoin earlier when the bitcoin price was still up, for such person to stop investing now because of price drop is a way of rejecting an opportunity to make better profits. What even intrigues more is that such investors' will have the mind to HODL ( Abandon ) their already accumulated stash while assuming they've lost their money and Will to allow it to decline into it's all gone(which in real sense does not happen). The stay off from further accumulation until when the market regains and they resume accumulation again.

This is an investment error because you have missed a chance to buy cheaper and an opportunity to have a lower "Cost per bitcoin" in the future which would also amount higher profits. Panic / fear is the real cause of procrastination and the reason why many people who were aware of bitcoin since it's early stages refused to buy bitcoin at less than $1 ( including during the 2014 drop ) but are now willing to pay higher to buy same bitcoin today.

There's no better way to buy bitcoin than to start buying bitcoin as soon as you have your Discretionary income and say no to procrastination.

One way to avoid this is to have the courage to do what we want. For example if we want to invest a small amount this sometimes means we don't have enough income or money to spend. So we invest in ways that are within our personal reach. Even though some of the proceeds or remaining funds are sometimes used for other needs we still invest the rest for our future. The reason is that we do it with courage and full concentration on our investment goals.

An investor's accumulation target is very influential on such investors accumulation process and the level of dedication he attaches to his goal. When a person has a large goal, he understands how crucial it is and develops a good Cashflow management that will allow him to have more Discretionary income for investment. This bear market is very good for aggressive buys as long as you have a Discretionary income available. But then we must not be overly aggressive to avoid unnecessary financial stress on you at any point which could cause you to sell off prematurely.

[cyberninja2]

Yes, to be patient when investing long-term in Bitcoin, I think there are several things that must be adhered to so that everything runs more smoothly. One of them is CAPITAL. As we know and have discussed here, the capital that must be invested in Bitcoin is discretionary income. By investing with that capital, we can be more relaxed when holding Bitcoin. This is because the money used is discretionary money.

The main thing in any activity remains CAPITAL which is the priority. Of course what you mentioned is not wrong in my opinion. However for those who sometimes don't fully understand I think having the understanding we're discussing here would be very beneficial for someone to analyze before taking something that doesn't necessarily have continuity with the main thing in doing anything whether it's investing or anything else. The main thing is capital.

Then, the second thing is our PSYCHOLOGY and our initial INTENTION for investing. Because by being able to control our psychology and having good intentions or goals in Bitcoin investment, I believe this will have a positive impact on our journey in accumulating and holding Bitcoin.

And this is one of the things that must go hand in hand with what we mentioned above regarding capital as the main principle. These must also always be in line with each other so that when investing in Bitcoin by going hand in hand it will certainly make our investment easier resulting in a more positive impact on the value of holding or accumulating Bitcoin.

[ruykeri]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

It is not right to wait to buy Bitcoin  for dip. Even during a dip, I do not think it is right to invest aggressively outside your cash flow while investing in Bitcoin. Investors should do DCA according to their discretionary income. Be consistent with how long they will invest. The mind set should definitely be long term. Because in Bitcoin investment, if you invest for a long time, the possibility of profit is much higher.

In Bitcoin aggressive investment, if someone's income increases, then he can do DCA with more money if he wants. The amount of investment should be more or less depending on the income. It should not depend on the price of Bitcoin.

[Kelward]

Of course as you stated the reason is not to dwell too much on what hasn't happened yet. Sometimes we want to buy Bitcoin but fail to do so because we think about things that aren't worth thinking about. This is common among both large investors and ordinary people who have recently become involved in Bitcoin.

Their is a popular saying that goes like this; procrastination has kills more dreams than failure has ever done. And if you look into that statement very well, it's actually true.
Overtime I have come to understand that the starting point is always the most difficult point, that is why as a Bitcoin investor that want to invest in Bitcoin, we should try to start as early as possible or start once your discretionary income is available, so that you wouldn't be procrastinating or  keeps on postponing it when you would have gone a long way in your accumulation journey.
Along the line you may seek further knowledge on what and what measures that needs to be in place in other to hold strong, like having and emergency and reserve funds, so that you wouldn't temper or sell off your holdings due to real life emergencies.

Fear shouldn't limit us from planing and achieving our aims to succeed in the future otherwise nobody will have long term plans, you should consider potentials of what you're planning to invest your time, energy, intellect and money into and if it's worth it you should go for it. Bitcoin investment fits into these category of store of value and that is why it is gaining adoption because a lot of investors have seen it's potentials to make it's holders rich in the future. But because of that very little fear somewhere deep within us that is why we use funds from our discretionary funds to accumulate it.

In economics description Bitcoin falls into 'want' and that is why smart investors buys it from their discretionary funds, we use our discretion to buy with amount that we can afford to loose because nothing is guaranteed in the future.

[laspol65]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

There is nothing normal about newbies prostponing investing because of dip. I consider it as a simply dumb move and newbies should stay away from such behavior.

Even if they are scared of the dip which they shouldn't be, they could do invest slowly with the money they that they can afford to loose.

And when they price shoot up, if they feel that their confidence has come back, they can increase what they invest. Using the flexible approach is far better than that postponing shit.

Yes there is nothing normal about that despite that they have not experienced a dip it is not a good thing for a newbie to halt accumulating bitcoin because of a dip. Knowing what a dip is should be part of the basic knowledge that  a newbie is supposed to have known before they start buying bitcoin. A dip is part of bitcoin cycle and should be taken as something that will always happen.

If someone stops buying Bitcoin when it is falling, it will not be good, because the excess savings will be deposited when buying Bitcoin in the deep market. Because the more Bitcoin is dumped in the market, the more the purchase amount should be increased, because then buying Bitcoin is the right use of money. Therefore, Bitcoin investment is acceptable in both the upward and downward phases of the Bitcoin market, those who buy Bitcoin following the DCA method will be able to save from all sides.

[UpTober]

It is true that all buying strategies of bitcoin are suitable for use but mostly depends on individuals goals and income level. It’s advisable that a newbie should not go with the buy the dip method as it have the tendency of making them to wait for dip to occur before they can buy bitcoin. For effectiveness in the long term investment it’s advisable that they stick with the DCA method of buying bitcoin where they don’t need to wait for price drop before buying bitcoin, as they can always buy bitcoin regularly regardless of the price with just a discretionary income to use either weekly or monthly so as to enable them focus more on building up their portfolio and achieve their accumulation target or over accumulation. In the course of their DCAing they can be able to still lump sum buy if at anytime an extra or additional money comes in, and also along the line the dip occurs they can still be able to take advantage of the opportunity to accumulate even more in such a reduced rate provided they have the reserve fund to do so

Buying the dip is not as bad as most people put it to be, the only mistake they make is depending on it solely and applying it independently from continually accumulating bitcoin. Though it might not sit well for newbie which is why we advice that newbies start with the DCA strategy irrespective of their salary structure until it becomes a habit to continually buy, that way even if they change strategy the consciousness to buy at regular intervals would still be a norm to them. One psychological fact is, before continually buying becomes a habit it means such person has spent alot of time doing it repeatedly and at the time it becomes a habit they are likely not newbies anymore and can clearly define their long term goal, which implies that they can flexibly combine strategies to suit their long-term goal without derailing from it.

The intention of buying dips is not bad but it creates problems when everyone is just waiting for this dip to buy but they move away from consistent investment. Dip buying works best when it is used in conjunction with continuous buying (DCA). The practice of DCA investment is very important because DCA investment strengthens an investor mentally as well as plays a good role in making the right decisions, as a result of which investors do not get too excited when the market fluctuates. In long-term investment, the psychological aspect is important because by buying gradually and consistently, an investor builds confidence, due to which he can take any decision regarding the investment.

[Razmirraz]

Snip.

The intention of buying dips is not bad but it creates problems when everyone is just waiting for this dip to buy but they move away from consistent investment. Dip buying works best when it is used in conjunction with continuous buying (DCA). The practice of DCA investment is very important because DCA investment strengthens an investor mentally as well as plays a good role in making the right decisions, as a result of which investors do not get too excited when the market fluctuates. In long-term investment, the psychological aspect is important because by buying gradually and consistently, an investor builds confidence, due to which he can take any decision regarding the investment.

This approach can be a good strategy, but it must be done wisely so as not to hinder consistent investment. DCA is a very effective investment strategy because it allows investors to purchase assets gradually and consistently. It can also help investors build a strong mentality and reduce panic when the market fluctuates. When implementing a gradual and consistent buying strategy, investors can focus on long-term goals and not be influenced by emotions.

DCA can help build investor confidence, enabling them to make wiser decisions and develop a strong mentality and become more disciplined in investing. Another advantage is that it can also help investors face challenges and make the right decisions, even in uncertain situations. Once you have reached this stage, investors can focus on long-term goals and not worry too much about whatever happens in the market.

[Joeboy]

Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

Such traits are common with beginners. Normal market usually rises in price after selling or drops after buying. That is the volatility. Even professionals find it difficult to predict Short-term movements.

Volatility is normal when we talk about Bitcoin, and it is very well inescapable. And anyone who is interested in Bitcoin investment must be ready to accept this for a fact even the beginners... And sure no one can actually predict the price direction of Bitcoin, that is why it is best that folks stop waiting and start their accumulation as soon as they have their discretion mary income available..

the best thing to do now is to focus on learning strategies, long term goals, risk management, and avoid emotional decisions.

You are wrong, the best thing that folks can do is to start their accumulation as soon as possible using only their discretionary income... Bitcoin is best known better through experience, which you can only get from your involvement in Bitcoin.... So therefore folks can start and then learn the rest of what you mentioned later...

[GIF-JOBS]

New investors are a little scared when the price drops during investment and sometimes they postpone their investment, it is normal for them. But those who have been investing in Bitcoin regularly especially for a period of about a year, will consider it as a special advantage. And those who continue to buy through dollar cost averaging get a special advantage and that is the average purchase price decrease in the market that you presented through your speech. It is also true that no one can say that we are at the lowest point. So DCA protects us from missing out on big opportunities by just waiting for big dips.

There is nothing normal about newbies prostponing investing because of dip. I consider it as a simply dumb move and newbies should stay away from such behavior.

Even if they are scared of the dip which they shouldn't be, they could do invest slowly with the money they that they can afford to loose.

And when they price shoot up, if they feel that their confidence has come back, they can increase what they invest. Using the flexible approach is far better than that postponing shit.

Yes there is nothing normal about that despite that they have not experienced a dip it is not a good thing for a newbie to halt accumulating bitcoin because of a dip. Knowing what a dip is should be part of the basic knowledge that  a newbie is supposed to have known before they start buying bitcoin. A dip is part of bitcoin cycle and should be taken as something that will always happen.

Bitcoin will always have volatile movements and temporary declines, but if we cannot accept them as normal, then our chances of long-term survival will be greatly reduced. We need to accept the natural volatility of Bitcoin as normal, and we need to continue buying consistently, completely ignoring it. Long-term planning is the most important thing here, setting long-term goals, and we need to move forward steadily according to that goal, because those who can survive in the long term despite the volatility are the ones who can ultimately benefit the most, and this is not a myth, rather we have realized and seen them in reality.