Buy Buy Buy or Sell Sell Sell?

[Qhunman]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

[Popkon6]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Then I would assume you are trader and not an investor, and individuals like you are people who really gives bitcoin investment a wrong image of what it is. When investing in bitcoin it goes Far beyond making profit and this principle of yours is what most newbies have in mind when investing.
You are Others who have this mindset needs to know that bitcoin investment is you thinking ahead, making plans ahead for yourself, building a road map for your future. Bitcoin investment gives you that clarity about your future rather thank thinking of making profit in a short period of time.

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

Why are you trying to spoil the mind of newbie here, you said "you don't blame them for going for short term gain because nothing is guarantee in Bitcoin" yet you are also saying long term holders always see huge profit than short term traders, so tell me what exactly are you advising newbie to do? Bitcoin has proven to be a long term investment because of how volatile it can be in a short term and that is why we should encourage or advise people who want to invest to always go for long term using their discretionary income and not contradicting things.

There is no alternative to long-term investment for Bitcoin investment, because investing in Bitcoin in a long-term way will give you huge financial benefits. A person can participate in Bitcoin investment with a small amount of money according to his ability, because not every person has the money to buy Bitcoin at once and many investors do not like to take too much risk at once. Therefore, Bitcoin can be invested in the long term for the future by continuously purchasing Bitcoin,
In which he will be able to hold Bitcoin for a long time and will be able to take the opportunity to buy Bitcoin again and again. We can also identify this method as the DCA method, so Bitcoin is the only long-term investment that is consistent and suitable for any person.

[GIF-JOBS]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Buying and selling for profit is not what real Bitcoin investor do, that's the trait of a trader, which wouldn't change much of your financial situation, so I urge you to learn how to invest properly by buying and accumulating consistently for like 10 years or more through the dca accumulating strategy, that way you can be able to accumulate huge stash of Bitcoin that can change your financial history forever when Bitcoin has risen to a million dollars or more, so buying and selling as you have it at the back of your mind is actually the wrong way to go about you Bitcoin investment, because that action of yours is more of trading than investment.

Finally, how many trades do you know that was able to build a generational wealth trading the market?
Don't you know that it's only 1% of traders that makes money consistently in the market?
That is enough to tell you that trading is not as easy as you think, and the reward attach to it is nothing compared to a bitcoin investor that succeeded in accumulating a huge stash of it and hold for a period of 10years or more.

I realized that for someone who probably had bought Bitcoin in the past 10 years and had accumulated over the years I mean that would be such a huge profit over the years and a lot of people don't know. Yes there might be risk and fear of if it will rise or fall but then I have noticed that along accumulation is more profitable. Like you said a real investor does not need to buy and sell off immediately or in a short interval it's more profitable to accumulate and especially for a longer period of time.

Too much excitement about making a profit from Bitcoin can lead you to make quick investment decisions, so instead of expecting a high return invest in Bitcoin for the long term. There is no surefire way to predict whether the price will rise or fall but regardless of your strategy and the value of your Bitcoin accumulation through discretionary income the latest average price trend in your Bitcoin holding portfolio over each cycle will put you in a much better position than if you were saving fiat in a volatile price scenario. Accumulate Bitcoin with the expectation of a large holding. The expectation of a profit is 10 years or more and in that context there is a high chance that your needs will be met.

Instead of short-term expectations, we need to create a long-term mindset, many people invest in Bitcoin in a hurry, thinking it is a means of quick profit, but because the price fluctuations are not as expected, they easily get frustrated and panic and decide to sell despite the loss. And this is how they end up facing losses, it is normal for the market situation to fluctuate, but if you invest regularly and consistently, there is a high chance of getting good results after a long time, which we certainly cannot expect through short-term trading.

[Hardyrobust]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Then I would assume you are trader and not an investor, and individuals like you are people who really gives bitcoin investment a wrong image of what it is. When investing in bitcoin it goes Far beyond making profit and this principle of yours is what most newbies have in mind when investing.

You are Others who have this mindset needs to know that bitcoin investment is you thinking ahead, making plans ahead for yourself, building a road map for your future. Bitcoin investment gives you that clarity about your future rather thank thinking of making profit in a short period of time.

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

The fact that long term investments in bitcoin doesn't guarantee successful returns, doesn't mean that short term investment is better than long term investment. Holding bitcoin for a short term is very risky when compared to long term holdings. If we are to compare long term bitcoin holders and short term holders,  long term holders are more successful than traders. So you are wrong trying to justify short term holders/ traders.

[Agbam]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

It’s greed and people that see it as a get rich quick scheme that dabble in such practices he’s talking about… buy low and sell high (Basically a trader) if he eventually makes gains, it’s very inconsequential compared to what he most have lost in the process, a lot of folks who flaunt online that they made money through trading are actually making money through some other means.

@Mene_Rence imagine what you could have accumulated in a space of 10 years, let’s say if you were just buying from 2016 til date as against buying low and selling high?…. That trading mindset has proven not to be worth it, it’ll only satisfy you NOW and not Tomorrow.

[mvdheuvel1983]

Instead of short-term expectations, we need to create a long-term mindset, many people invest in Bitcoin in a hurry, thinking it is a means of quick profit, but because the price fluctuations are not as expected, they easily get frustrated and panic and decide to sell despite the loss. And this is how they end up facing losses, it is normal for the market situation to fluctuate, but if you invest regularly and consistently, there is a high chance of getting good results after a long time, which we certainly cannot expect through short-term trading.

Short term investors are high risk takers they are the type of people that complain all the time when the price of Bitcoin does not go up to favour them so that they can take make profit very fast and once they o not succeed they go ahead to panic because they will likely sell at loss since they do not have plans for long term holding. If you have to invest with the hope of not losing you have to consider the long term plans it gives you confidence, and you I'll no longer be scared because you will only expect the price of Bitcoin to increase within the interval of the years you have in your plan before you think of selling to make profit.

[PhilosopherKing]

For those of us who are already active in this forum adopting a similar attitude becomes in a sense a necessity. Since these individuals are repeatedly driven by the singular objective of reaping profits through their specific methods we too become accustomed to the strategies employed by investors—even if at times those strategies appear merely seasonal. This means we learn to maintain a sense of equilibrium—much as seasoned investors do—with the ultimate aim of remaining steadfast and resilient in order to preserve our opportunities for securing profits.

Why is it only profit that is in you people mind. Can't you lot think about something else. And hell profit is not the only thing that bitcoin can give a person. Bitcoin can give freedom, preserve you wealth from inflation and other things. See you even saying we adopt similar attitudes with people that are only after reaping profit=traders.

Dude, pursuing profit when you are supposed to be ongoingly buying bitcoin is risky and reckless. Accumulate first, profit comes later

[Grease5000]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

Buying of bitcoin only during price dip and staying out when when price rises only reveals the mindset of a trader because this approach requires timing of the market  and  when wrong can triggers emotion and fear of loose  and investor may be force to sell off their Bitcoin holding. For an investor whose intention is to accumulate and hold Bitcoin for the long term growth. Bitcoin should be bought continuously using the DCA method and using discretionary income only.

[Silikiem]

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

Short term gain and investment in the same sentence is diabolical. Short term gain is commonly referred to as trading and it is very different than investing. Investing is long term and preffered by people who want to gain by accepting to hold for a long time. Most bitcoin holders are investors and not traders as they use DCA to smoothen their volatility out and let time do the working for them. You saying that Bitcoin also includes uncertainty is right, but that's only for the "traders" and people who are here for "short term gain" as Bitcoin is a very volatile asset for the short term. It does not involve risk ( or minimal risk )  in the long-term and you will know about it more if you dedicate your time to study about Bitcoin a little and understand it's fundamentals and you will know why it's a Great asset for the long term.

Right from time immemorial it have been known that bitcoin is a volatile asset and it doesn’t only limit its volatility for the short term, it’s a highly all round volatile asset both long and short term. One word to describe bitcoin is just volatility. So i disagree when you say bitcoin is a very volatile asset for the short term alone.

You cannot say that bitcoin does not involve risk in the long term, that will be misleading. Bitcoin investment involves risk both short and long term is associated with risks. Due to bitcoin’s volatile nature you never can tell what the price will be in the next minutes, and even for the long run there’s still a potential of loss because profit is not guaranteed. You can remove the risk associated with bitcoin investment but rather you can only be able to reduce or mitigate the impact of the risk associated with bitcoin investment through the DCA method of investing in bitcoin using just a discretionary income to buy either weekly or monthly basis after sorting out your basic financial needs and then hold for long term goals.

[Umulala-alala]

to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds. But this doesn’t diminish the fact that long term holders tend to see more massive cumulative gains than short term traders despite bitcoin’s volatility. And long term holding allows for bitcoin value growth and protection of money against inflation regardless of future uncertainty. But at the end of the day, every one has a right to choose wether to be an investor or a trader ,it all depends on their strategy and capacity for risk tolerance.

So which will you want to be a short time bitcoin trader? Waiting for dip to buy and sell in a short time you seems to be one those that gives BTC a bad after losing your money while trying to trade bitcoin for a short time, in the history of bitcoin long term hodlers always benefit more than those chasing a smaller profit so there is not way you can compare a long term bitcoin hodlers who has regularly been buying BTC and hodl than a trader who buys now with the purpose of selling in a short time when the price of bitcoin goes up and since you aren't sure that the price will increase when you expected you may sell in lost out of fear and panic if the price starts dropping.

[Agathamay]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

i already over $2500 worth of bitcoin during this dip and HERE is the link to that very thread where i bought and was also encouraging others to do same.
i felt so much joy after buying because i know i ready made the very right decision and i'm not ending my buying journey as i also look towards buying consistently through the DCA method.

to all who can buy, please do as this is another shot for those who missed out from the previous circle.

[Solokan]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Now is the best time to buy BTC because it's possible that BTC will rise again and a bull market will arrive, but I think BTC will continue to fall because I don't think the bear market is over yet. But I don't understand what you mean by selling BTC at a high price and buying at a low price. Do you mean selling after holding it for a long time or in the near future? If you hold BTC for the short term, it's like trading in BTC, but if it's for the long term, it can be considered an investment.

In my opinion, the DCA technique is very suitable because we don't know where the BTC price will go. Essentially, now is the right time to accumulate BTC because the BTC price is discounted.

[Hewlet]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Even if some traders have ever been in some level od profit trying some short term strategies of selling, the bigger question still remains, how many are they and what's the probability that you're going to be lucky seeing that such act is almost like gambling which is a high probable endeavour.

If you're an investor that's not after immediate returns but rather looking for a long term gain through bitcoin, then it's obvious you shouldn't rush to think selling because there's no point considering it at a point you should be occupied buying more stack of bitcoin. You start getting it wrong in your investment journey when you start selling when you should be preoccupied with buying.

[Yablee0]

 to be honest,I don’t really blame people who try to chase short term profit during bitcoin investment, because at the end of the day, nothing is really guaranteed and bitcoin like any other investment, carries uncertainty even for long term holders because no one knows what the future holds.

What is more uncertain is you trading in aim of making profit than when you are with long time plan of a bitcoin investment hodling. If you are enough down to earth you will agree that to make profit in trading is highly uncertain and unpredictable correlated to the future of bitcoin.

The future of a host of other assets out there in the traditional world is not certain, yet, investors are investing in them. Bitcoin has survived many backlashes than some of those assets and it is still growing and gaining mass adoption.

What makes you think the future of bitcoin will not be better than what we have it presently? You have no prove, you only creating fear and panic for newbies like you.

Sounding in such tunes only describe one thing which is doubt, it seems you haven't trusted the system yet, however I know the future is pregnant but Bitcoin has proven over the years to be outstanding among others and assuming you can see the big picture ahead you wouldn't have come up with such thoughts about it.

Furthermore, for an investor to be having such mindset about Bitcoin investment is a big red flag
and doesn't speak good of you as a real Bitcoin investor. And also I think it's an excuse fabricated just to justify the fact of being a fair weather investors and I think such information about Bitcoin can be very misleading to newbies.

[Barikui1]

What is more uncertain is you trading in aim of making profit than when you are with long time plan of a bitcoin investment hodling. If you are enough down to earth you will agree that to make profit in trading is highly uncertain and unpredictable correlated to the future of bitcoin.

The future of a host of other assets out there in the traditional world is not certain, yet, investors are investing in them. Bitcoin has survived many backlashes than some of those assets and it is still growing and gaining mass adoption.

What makes you think the future of bitcoin will not be better than what we have it presently? You have no prove, you only creating fear and panic for newbies like you.

Sounding in such tunes only describe one thing which is doubt, it seems you haven't trusted the system yet, however I know the future is pregnant but Bitcoin has proven over the years to be outstanding among others and assuming you can see the big picture ahead you wouldn't have come up with such thoughts about it.

Furthermore, for an investor to be having such mindset about Bitcoin investment is a big red flag
and doesn't speak good of you as a real Bitcoin investor. And also I think it's an excuse fabricated just to justify the fact of being a fair weather investors and I think such information about Bitcoin can be very misleading to newbies.

Are you sure you understand what Mr ijawman is saying before responding to him?
Because by the look of things, you are actually saying a different thing altogether that has no business with what he is saying.
You spoke of mindset as if he is a trader that has the mindset of buying and selling prematurely, just as traders do, but the reality here is that you didn't even understand him.
He was responding to kryptonite that trading is even more uncertain than anything else, that he should stop trying to spread panic and fear among newbies investors, so I urge you to read properly and understand first before responding.

[alankasman]

Sounding in such tunes only describe one thing which is doubt, it seems you haven't trusted the system yet, however I know the future is pregnant but Bitcoin has proven over the years to be outstanding among others and assuming you can see the big picture ahead you wouldn't have come up with such thoughts about it.

With the uncertainty you mentioned I'm more confident, but with a little bit of doubt about Bitcoin. This is something I've experienced while being involved in this Bitcoin forum. Many people are skeptical about Bitcoin and this is due to the current price decline. Many people are currently viewing Bitcoin with more uncertainty about its future. However with full confidence this will certainly be the greatest victory for someone who doesn't have doubts about Bitcoin's current situation and still feels confident in Bitcoin for the next few years.

Furthermore, for an investor to be having such mindset about Bitcoin investment is a big red flag
and doesn't speak good of you as a real Bitcoin investor. And also I think it's an excuse fabricated just to justify the fact of being a fair weather investors and I think such information about Bitcoin can be very misleading to newbies.

Don't make jokes about Bitcoin investments because usually when someone thinks negatively about Bitcoin they will also ask for the incident to continue but try to think with common sense of course without us realizing it maybe we won't be lost again for the next few years and make sure that Bitcoin market conditions will recover as they did a few months before the price drop that occurred in the Bitcoin market cycle.

[Yablee0]

Are you sure you understand what Mr ijawman is saying before responding to him?

If you were patients enough to clearly observe before writing you would have noticed I bolded the very part of kryptonite788 which I was specifically emphasizing on, I wasn't in any way talking about ijawman.

Because by the look of things, you are actually saying a different thing altogether that has no business with what he is saying.

Go through the whole post once again then you will know am not digressing.

[Just Say]

For those of us who are already active in this forum adopting a similar attitude becomes in a sense a necessity. Since these individuals are repeatedly driven by the singular objective of reaping profits through their specific methods we too become accustomed to the strategies employed by investors—even if at times those strategies appear merely seasonal. This means we learn to maintain a sense of equilibrium—much as seasoned investors do—with the ultimate aim of remaining steadfast and resilient in order to preserve our opportunities for securing profits.

Why is it only profit that is in you people mind. Can't you lot think about something else. And hell profit is not the only thing that bitcoin can give a person. Bitcoin can give freedom, preserve you wealth from inflation and other things. See you even saying we adopt similar attitudes with people that are only after reaping profit=traders.

@PhilosopherKing You can undoubtedly say that Bitcoin investment should be considered differently than just a profitable venture as Bitcoin was not created for this one thing, there are multiple other stages/benefits of Bitcoin. In my opinion, many people invest only by accepting profit and loss and they are blind to the other benefits of Bitcoin. The only digital currency that can give us freedom outside of traditional investments is this Bitcoin, which you know, but Bitcoin can be used to give freedom and as a shield against all levels of inflation, which is now a popular system for people in many countries and we can see that some companies are saving Bitcoin for this purpose.

Dude, pursuing profit when you are supposed to be ongoingly buying bitcoin is risky and reckless. Accumulate first, profit comes later

Yes, it's correct chasing profit is risky when you should buy Bitcoin continuously, so you should save first and profit will come later, at this stage one thing is sure that even old investors will give instructions, the way to profit from BTC investment is to hold and save for the long term.

[Emjay24]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

Well, I'm sorry to say that this your idea or principle does not help matters and I can clearly say that it won't help anyone here which I'm sure it won't be of help to you as well, so if you know what is best for you just trash that principle of yours that says "buy when the price is down and sell when it's high" or better still you can keep it to yourself because this is obviously the mindset of a trader, someone who really understand the core concept of Bitcoin investment will never think of selling his holdings whenever there's an increase in the value without looking back to see the time they started thier Bitcoin investment, whenever they see that they are in profit, they will just overlook and wait until they get to their investment target before they will start looking into profit.

The discipline to uphold for success in your accumulation of bitcoin is a simple one and the investors that keep to those few disciplines have higher chances to enjoy not only good profits but a built out wealth vehicle that can secure their future, selling because you saw some profits is only being short-sighted, since there is possibilities of higher profits in the future, so why not do the right thing by continuously building out your stash and holding it until you achieve your target.

Short-term profits is a trap that denies those who fall for it the opportunity to benefit from possible future higher profit potential which is only achievable if you the don't fall for the trap of selling much BTC too soon or taking profits when you should be buying more stashes of BTC.

I still feel that one of the major reasons that people are moved by quick profits in bitcoin investing is absence of backup funds, because if you are using the good practices and building out backup funds alongside your accumulating bitcoin, those wants you'll be considering shaving your profits for would be easily taken care of by your reserve funds which is there for your discretionary spending and in case of your emergency situations, your emergency fund is there for you. If investors can do themselves some favour and incorporate good cashflow management practices in their investment journey, then it would be more feasible to go on a long-term holding plan.

[Decimetre]

My own principle is to buy when the price is down and sell when it's high. In this period, bitcoin has been unstable recently and it's down in rate. so I'll advice that if you want to invest, this is the best time because definitely, bitcoin is going to rise in value very soon.

You're advising people to invest in bitcoin and same time you are indirectly encouraging same people to sell their bitcoin when in profits which makes you sound like a trader. Your advice is wrong, selling your bitcoin stash prematurely and starting afresh again is a trader mentality. I ain't sure if a lot of traders have being able to transform their financial lives through trading bitcoin as a lot of them seems to be making peanuts instead of large profits.

Bitcoin has proven to be much profitable for the long term. It's high time you quit trading your bitcoin stash for cheaper gains that won't change your financial status in the future and start investing for the long term because that is the better way to make profits in bitcoin.

Buying of bitcoin only during price dip and staying out when when price rises only reveals the mindset of a trader because this approach requires timing of the market  and  when wrong can triggers emotion and fear of loose  and investor may be force to sell off their Bitcoin holding. For an investor whose intention is to accumulate and hold Bitcoin for the long term growth. Bitcoin should be bought continuously using the DCA method and using discretionary income only.

You should not forget that buying the Dip is also an investment strategy. Hat really matters is the intention of the investor and is goal. It is true that DCA strategy is a very good strategy but it is not the only strategy as any strategy used can also lead to success. The most important thing is to be sure that you are investing with only your discretionary income at all time.

The biggest problem of this strategy is admitting that the current dip is enough dip to buy: some investors who buy dips end up  procrastinating unendingly hoping that a better dip is coming. Some of them don't buy any bitcoin until they now loose interest or have their discretionary income spent on other unnecessary things. If an investor  understands that excessive timing of the market could cause a delay and missed opportunities then he would buy every dip. This period we're into is a dip, waiting for another dip from here is not an option and such person may end up not investing anymore.