Buy Buy Buy or Sell Sell Sell?

[Nheer]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

What is the "basic knowledge" about bitcoin that newbies need in order to get started?  Do you have a list?  Do you want to second guess the judgment of others who want to get started and tell them that they need to know certain "basic" things first?  Why can't the newbie adjust his own position size in regards to starting out based on his own individual judgement about what to do with his discretionary funds? You presume that the newbie has no life experience, skills and/or knowledge sufficient to get started buying bitcoin merely because he might not know certain things that you consider to be prerequisites to his getting started buying bitcoin?  If you happen to have a list of things that the guy needs to know, then why would he need to know them before getting started rather than learning those items at his own pace and adjusting his buy amounts downwards until he reaches higher levels of knowledge and/or comfort?

It's true many people have placed too much emphasis on having basic knowledge before getting started but it's not really a strict prerequisite. This mindset has discouraged a lot of people from investing when they could have and i think it's misleading to suggest basic knowledge is important before getting started.

people make it seem like their is a list of things that must be learned first but really there isn't because being a newbie doesn't mean they lack common sense, and common sense should be able to get a person started. Learning must not hold you back before investing, instead it's best to get started and learn as you you've started. For me ones position size will determine their level of knowledge and as long as a newbie starts small there's really no pressure in learning before getting started and as they increase their position size they can increase their knowledge.

[Loyang]

It is not wrong to invest just because others are doing so as a matter of fact, most persons started investing from the motivation they got from others.

When you have no idea about investment or Bitcoin, just because your friend is investing in it, then it is definitely wrong and you are going to indulge in gambling in the name of investment. Yes, take advice from others and get ideas from them about how others are doing, but it will never be right to follow the path shown by others. Proceed based on your own judgment and when you gain common sense and when you are able to find a source of discretionary income, then you can invest.

[Agbam]

fall victim to scams, send coins to the wrong address, misunderstand what Bitcoin is trying to achieve, or buy simply because others are doing so.

His choosing his amount should help him regarding these matters.

If he initially thinks that there might be some potential scam then he might resist, yet if a friend told him to invest and to use a certain exchange, then he may well have enough information to satisfy himself that he can get started.  It is up to the guy and his common sense, especially if he had already figured out his discretionary funds which is the main basic piece of information that he needs to know in order to get started.

Sure, if he chooses not to start or to spend a day or two to look into the matter or maybe he waits for a week or two, then that is completely up to him.  There is nothing requiring him either way, just like there is nothing requiring that he has to look into the matter further, especially if he has the two most basic pieces of information which is how much extra money does he have available and the source in which he is going to make his first buys as his friend had recommended to him... and, yeah, it is up to the guy whether to accept his friend's recommendation or to look further into the matter prior towards getting started.

That is like saying he should gamble first and then get balanced in bitcoin instead of knowing what he’s doing.

The two basic pieces of information you’re talking about is what I’m considering as basic knowledge which is as important as the money he’ll use to invest.

If a friend tells me to invest in something because he knows I have the extra cash, no matter how wealthy I am I wouldn’t just throw in that cash without knowing what it is I’m investing into.

People shouldn’t invest their money without at least having a basic knowledge of what they’re getting into.

Who are you to say what a person should or should not do?  If the guy already decided to get started, then what more does he need to know?  You think that he needs to know about scams, volatility, private wallets What is Bitcoin? Why he's buying it? How bitcoin works? How to store it safely? What are the risks?

You are being a bit patronizing, no?  Why can't the guy just decide based on whatever he knows or his feelings about the matter?

You’re missing the point, what do you think makes a person decide to start investing?.. What prompts that decision is the level of knowledge of what they’re getting into. I’m not saying they should start gaining all the knowledge of bitcoin but that phase of decision to start investing is determined by basic knowledge, even before sorting out the discretionary funds.

Therefore, I would argue that basic knowledge is a requirement as well as the discretionary money.

You seem to be imposing a bunch of random standards that are not necessary, except if the guy has common sense, he can figure it out for himself, and if he sees your list of items, he can figure out if he cares about any of the items on your list or not.

I’m not making a bunch of random standards, and there’s no list. Just like you said before every person cannot be the same, what you call common sense is actually what drives the basic knowledge I’m talking about. And common sense is not even common.

Basic knowledge can be acquired within a couple of hours,

How do you know how long it takes?  Maybe it takes a couple of hours for you.  The world of people have a variety of experiences, skills, knowledge and even money levels.. and any of those could affect what they know and what they believe that they need to know, including that they could conclude that they know enough and get started based on their assessment of their having a sufficient amount of discretionary funds available.

You’re kind of supporting my argument here, what is that knowledge that you have and you say it’s enough to get started… that is the simple basic knowledge I’m talking about.

so it is by no means a hindrance to getting started.

You think that guys needing to follow your checklist is not a hinderance?  What if the guy looked at your checklist and he said that he is going to get started anyhow based on his having had already assessed that he has enough money to get started?  If he has to go through your checklist, he may well consider the items on your checklist to be a hinderance because he determined that they are not necessary to know in advance and he can get started and figure them out later, if he believes that they might be important to figure out later.

If anything, it equips a beginner with the confidence and understanding needed to make better investment decisions.

Oh?  you are proclaiming that this is for the beginners own good?  Why can't the beginner use his own independent judgement to decide what is or what is not for his own good?  Maybe he decides getting started is for his own good?  What is wrong with that?  He may or may not lose money, but he may well would have already chose an amount to consider that he may or may not lose it, since he is choosing an amount of money that he can afford to lose.   No he is not trying to lose it, but he is also not emotionally attached to the amount that he decided to start with.  So, why can't he get started?

You sound like you’re dismissing all I’m saying as though they’re not important and again there’s no checklist I’m making, just the common simple things one needs to know before getting started.
I once read from you that what you need to get started is just Basic Knowledge and discretionary money, what happened?..

Let me ask you this question!.. What made you decide to invest in bitcoin?

[Cyber_warrior]

I’ve always liked DCA.. You do not even need to be checking charts every minute or trying to predict and perfect entry… You just need to keep buying at intervals and keep moving…
The with time, all those small small purchases will start adding up, and before you know it you’ve built a good position without all the stress that comes with chasing tops and bottoms.. For me, that is what makes DCA a solid strategy, especially for people looking at Bitcoin from a long term perspective…

This is one of the advantages of buying in DCA because you don't have to follow the price chart all the time. When you have extra money after meeting your initial needs, you can use some money here at any moment, whether it is at the highest price of Bitcoin in that quarter or the lowest price. In short, if you invest in this way, small purchases are combined and gradually enrich the portfolio, in which case there is no pressure on the cash flow, thus you can invest in Bitcoin without putting pressure on achieving much.
And I don't have a lot of money at once that I would have bought Bitcoin with, so I chose the DCA method to deposit Bitcoin as my future asset.

Honestly that why it remain the best and most used strategy when it comes to investing in bitcoin, it give you that comfort and stress free investment plan, especially when you are investing for a long period of time (10 years above). In as much you have your discretionary income, no matter how little it might be, you are very okay to start your investment journey.
And even for newbies DCA gives them that easy understanding about how they should go about their investment. It not as if other strategies are bad but then it makes it more complicated for them to understand since bitcoin is very volatile in nature.

[Futurexxx]

It is not wrong to invest just because others are doing so as a matter of fact, most persons started investing from the motivation they got from others.

When you have no idea about investment or Bitcoin, just because your friend is investing in it, then it is definitely wrong and you are going to indulge in gambling in the name of investment. Yes, take advice from others and get ideas from them about how others are doing, but it will never be right to follow the path shown by others. Proceed based on your own judgment and when you gain common sense and when you are able to find a source of discretionary income, then you can invest.

My sentiment exactly, you can take advice and suggestions from someone, but when you are doing it just because a friend of yours is doing it, that entails that you are only influenced by peer pressure, and you can't stand your ground and hold unto your investment since you are only doing it because of someone. Am not saying that it's wrong to take advice or suggestions from someone, but investing  just because others are doing it wouldn't ends well, because if that person that made you invest sell prematurely, you are also going to sell prematurely because you are just following the wind without having a direction of your is own.

[ZeroVinsonN]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Basic knowledge is needed but the thing here is that most people don't fully know what can be considered as basic knowledge and that's why someone people will claim they are just trying to get basic knowledge on what they need to know and then end up going extensively on things to know and don't start investing because to them they are yet to get that basic knowledge so they can't invest yet but basically once a person knows to invest with their discretionary income they can start accumulating bitcoin and get any other knowledge along the way.

As a beginner, this issue of what basic knowledge really is is very crucial for every beginner to get started in their accumulation journey. Bitcoin is a volatile asset and has no pattern. Volatility is the core reason behind most prolonged tactical delays that beginners get involved in while planning to get into bitcoin accumulation. This is why it is very advisable that you teach a beginner the power of long-term HODLing because that's the only reasonable ground to cut down his fears. Most beginners tend to spend more time on the charts seeking to understand the rhythm or pattern of the market volatility. This continues and if care is not taken, more years will be spent on the chart with no true investment.

For me, I assume that there are only few things a beginner should know before getting involved in accumulation. Those few things include but not limited to;

1. A beginner should understand what a Discretionary income is
2. He has to understand the importance of long-term HODLing
3. He should understand the reason for Emergency funds, Backup funds and Reserved funds.
4. He has to understand the investment strategies: DCA, Lump-sum and Buying the Dip
5. Wallet and Wallet security

With this fiver first knowledge, a person can go ahead to invest in bitcoin and learn more in the process.

Personal I would pick using their discretionary income to invest and not waiting for a perfect time to enter the market which implies using a strategy like the DCA as a good enough basic knowledge for a person to start investing with, I've always been one to argue that some people who are holding bitcoin right now did not start with knowing the right wallet but were about to find that out after they started accumulating bitcoin and while they were investing they realized that they needed their backup funds in place to be able to safely invest without risk of having to sell early, holding long term is the goal after all and that's also why we use our discretionary income, one of the reasons at least.

[Crakryptvest]

It is not wrong to invest just because others are doing so as a matter of fact, most persons started investing from the motivation they got from others.

Not bad at all but one must know that he's not supposed to compete with other, such person investment should strictly come from his discreationary income, we can be triggered by the way other investors take their Bitcoin investment serious, many investors started investing in Bitcoin because their friends are seriously into it, what I'm against is competition, what I mean by competition is going beyond your discreationary to invest, as being triggered as a result other investors actions, there's nothing wrong with that, as long as the person is not doing it the wrong way.

[ZeroVinsonN]

It is not wrong to invest just because others are doing so as a matter of fact, most persons started investing from the motivation they got from others.

Not bad at all but one must know that he's not supposed to compete with other, such person investment should strictly come from his discreationary income, we can be triggered by the way other investors take their Bitcoin investment serious, many investors started investing in Bitcoin because their friends are seriously into it, what I'm against is competition, what I mean by competition is going beyond your discreationary to invest, as being triggered as a result other investors actions, there's nothing wrong with that, as long as the person is not doing it the wrong way.

Let's say I didn't know anything about bitcoin in the first place and a trusted friend told me about it, I would definitely want to invest in it because I trust the source of the information so investing in bitcoin because someone recommended it to you isn't wrong, it's how alot of people started investing in bitcoin in the first place but what's important to know is that each individual has their own personal limits, what id comfortable for one person to invest with might be too much for the other, our discretionary incomes are not the same after all so each person should invest with what they are comfortable with from their discretionary income, the investment is long term which makes it better to move at one's oen pace, rushing to catch up to others will end up leading to investing outside of their discretionary income and that's how losing their investment starts.

[xzone]

That's what I love about DCA too most people lose money chasing the right moment while DCA keeps one in the run without all the guessing work, consistency beats trying to be a market genius every day the time in the market usually beats timing the right market DCA keeps things in control and one from stress.

I agree, DCA often pays you off. If you have the budget and can repurchase when the price drops, you can make a very good profit. It's a profitable strategy as long as prices don't suddenly skyrocket; what matters is not the price you buy at, but the price you sell at.
That's why investing with low risk can be best sometimes. The profit margin might be a bit lower, but reducing the risk of loss is even more valuable

[Gallar]

This sounds very funny to my ear  because how will you say that basic knowledge is not mandatory to start Bitcoin investment? Because how will you start something you don't even have the foundation on? Just imagine someone that wants to start building a house without laying foundation first, how do you think the building will stand? Basic knowledge is among the first thing an investor or someone who is willing to invest should have before starting in other words it is necessary and mandatory.

I don't think it is correct to say that one does not need a basic knowledge about bitcoin investment before venturing in it, it is a wrong statement there because for God's sake, how do you intend to understand what you are doing, how they are doing and the essence of doing it before going into d main investment. However with all being said, if you can simply the proceed it will be great to have a practical demonstration of it so the very newbies can benefit immensely and start taking bold decisions like such.

Any investment made without knowledge will result in losing your money. Anyone who thinks this way is already making the biggest mistake. People who make money solely through luck will eventually lose everything they own. Those without knowledge take far greater risks than others.

I have friends who invested because others around them did, and some made money through luck. A few sold at the right time and made money; they had beginner's luck. But others lost huge sums of money and continue to lose

Basic knowledge before starting to invest in Bitcoin is crucial to learn and possess. While it's true that investing in Bitcoin doesn't require extensive knowledge, basic knowledge is still crucial. As we know, many people who invest in Bitcoin without proper knowledge often lose money and refuse to invest again. Furthermore, I dislike people like that when they lose, they blame Bitcoin. In fact,, their losses stem from their own ignorance, as they simply bought Bitcoin without understanding what it is.

They only know that many people profit from Bitcoin. So, these people are clearly very bad, and it's probably okay to be like that as long as they don't denigrate Bitcoin afterward. So, for that reason, anyone who wants to invest in Bitcoin right now, don't forget to understand the basics of Bitcoin, because it doesn't take much time, maybe just a few hours to read and find out and you won't get stuck in the middle of the road if that's the case.

[obuoma]

Although investing in Bitcoin cannot guarantee 100% success but in the long term, it is much better than saving in a fixed currency. Where a fixed currency is constantly subject to inflation, why should we not choose to invest in Bitcoin? Bitcoin is a promising field that cannot be found anywhere else. So we should invest in Bitcoin. And it can be said that the world is going to become cashless in the future, in that case it is better for us to choose Bitcoin.

Each and everyone of us have our definition of what success in Bitcoin investment is so making equivocal statement like you did simply add to confusion and fears in the heart of new investors and even old investors. Some people invest in Bitcoin as a way of saving for the future, they are no expecting x100 profits, even if it adds small for them, they are satisfied and call that huge success because Bitcoin would have saved them from saving money in the bank to be eaten by inflation. There are also others who invest in Bitcoin as a hedge to other forms of investment they would have made, to them success has a different definition. Of course there are people that expect huge profits from Bitcoin which is still possible because Bitcoin have been famous for delivering big profits if held for a long time.

As long as you believe that Bitcoin is not going to die and based on what we have seen from those who held for long, Bitcoin have never failed anyone who trust and held, then there is no need expressing these fears. Just buy and hold as much as you can accumulate and give it time.

[Hardyrobust]

That's what I love about DCA too most people lose money chasing the right moment while DCA keeps one in the run without all the guessing work, consistency beats trying to be a market genius every day the time in the market usually beats timing the right market DCA keeps things in control and one from stress.

I agree, DCA often pays you off. If you have the budget and can repurchase when the price drops, you can make a very good profit. It's a profitable strategy as long as prices don't suddenly skyrocket; what matters is not the price you buy at, but the price you sell at.
That's why investing with low risk can be best sometimes. The profit margin might be a bit lower, but reducing the risk of loss is even more valuable

The fact that you are using DCA strategy doesn't mean that you are certain of success and it is wrong to be thinking of profits especially when the person is still accumulating. So mentioning purchasing low when the price drops with the mindset of making profit is actually trading and not investing. This is very risky and anyone that is investing in bitcoin with the mindset of making quick profit may end up being disappointed because they are gambling with bitcoin with the hope of making quick profit. Bitcoin investment should be targeted towards long term and not trading.
The DCA strategy has nothing to do with timing the market to buy when the price is low with the intention of making quick profit, this is trading and as well gambling with bitcoin.

[Crytohillss]

That's what I love about DCA too most people lose money chasing the right moment while DCA keeps one in the run without all the guessing work, consistency beats trying to be a market genius every day the time in the market usually beats timing the right market DCA keeps things in control and one from stress.

I agree, DCA often pays you off. If you have the budget and can repurchase when the price drops, you can make a very good profit. It's a profitable strategy as long as prices don't suddenly skyrocket; what matters is not the price you buy at, but the price you sell at.
That's why investing with low risk can be best sometimes. The profit margin might be a bit lower, but reducing the risk of loss is even more valuable

The fact that you are using DCA strategy doesn't mean that you are certain of success and it is wrong to be thinking of profits especially when the person is still accumulating. So mentioning purchasing low when the price drops with the mindset of making profit is actually trading and not investing. This is very risky and anyone that is investing in bitcoin with the mindset of making quick profit may end up being disappointed because they are gambling with bitcoin with the hope of making quick profit. Bitcoin investment should be targeted towards long term and not trading.
The DCA strategy has nothing to do with timing the market to buy when the price is low with the intention of making quick profit, this is trading and as well gambling with bitcoin.

DCA doesn't remove the intention of gain it just removes the need to time the market over the period, individuals can still be long term investors using DCA while being aware that purchasing dips improve their average entry over the years that's not automatically trading unless people are actively in and out of the position. The real difference isn't whether anyone thinks about price but short term moves or simply accumulating over a long horizon and holding through volatility.

[Sim_card]

I agree, DCA often pays you off. If you have the budget and can repurchase when the price drops, you can make a very good profit. It's a profitable strategy as long as prices don't suddenly skyrocket; what matters is not the price you buy at, but the price you sell at.

You sound more like a trader than a long term investment from your post. Why will I accumulate bitcoin with DCA for the sole purpose of selling when the price increases and to buy back again when the price dips. That's gambling and not investing because if you sell and the price keeps pumping, you will be a no coiner holding Fiat instead, of bitcoin.

Trading is very risky and it doesn't make sense to be DCAing because you want quick profits. When you are DCAing, the plan is for a long term investment because it enables you to accumulate bitcoin gradually overtime and increase your bitcoin stash bit by bit till you reach your bitcoin target.

Profit shouldn't be the major focus as a brand new investor because that's what can make you become a trader and waste your time to DCA just to sell because of a little increase in price. Rather, you should have a bitcoin target to accumulate and stay focus on buying consistent and persistent even aggressively till you reach your bitcoin target.

[MusaPk]

It's true many people have placed too much emphasis on having basic knowledge before getting started but it's not really a strict prerequisite. This mindset has discouraged a lot of people from investing when they could have and i think it's misleading to suggest basic knowledge is important before getting started.

people make it seem like their is a list of things that must be learned first but really there isn't because being a newbie doesn't mean they lack common sense, and common sense should be able to get a person started. Learning must not hold you back before investing, instead it's best to get started and learn as you you've started. For me ones position size will determine their level of knowledge and as long as a newbie starts small there's really no pressure in learning before getting started and as they increase their position size they can increase their knowledge.

These are just excuses for people who don't want to invest in Bitcoin. Its not hard to understand what Bitcoin investment is and how to proceed with it. Those who don't want to invest can say such things that they don't have necessary basic knowledge of Bitcoin and will invest once they have necessary knowledge of Bitcoin investment. If you want to change your future financial status then one must not wait to waste anymore time and must start investing asap. Wasting more time will only harm you as no coiner.  

[Mate2237]

The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.

This is the best opportunity to buy more Bitcoin because the price is in favour of those who are buying. Continue to buy and remain patience and perseverance during this period of uncertainty in terms of the price of Bitcoin. Investors should take opportunity of this time because the price will definitely go up and that is when some will regret again for not buying Bitcoin when the price was down.

Continue to accumulate and don't look at the current price because, if anyone looks at the price it will be difficult to even think about, buying Bitcoin just remain consistent with your strategy and remain focused in accumulating Bitcoin because this is not the time to panic and selling but , buying.

[Sulegzy39]

It is not improper to invest just because others are doing so; in fact, most people began investing as a result of the motivation received from others. Only via the process of investing can they become more intentional about what they do. You can invest when your peers do, but you must exercise caution and conduct the necessary research to ensure that you are investing in the correct things.

It is mostly a concern if you are purchasing another cryptocurrency rather than bitcoin, in which case you should be discussing panic selling, which is not beneficial to any investor. If you bought in bitcoin because your friends forced you to, as long as your sell choice is not influenced by what your friends are doing and you are capable of thinking for yourself and staying invested for the long run, you should be fine.

[Gost ms]

The current time is a period to buy more bitcoin, the greed index is still prevalent and everyone believes that the price of bitcoin will continue to rise, even those who sell now the intention that the price of bitcoin will decrease in the short term and is an opportunity to buy more bitcoin for the long term.
If you are an investor, it is an ideal opportunity to buy, and if you are in circulation, it is a good opportunity for sale and purchase at a cheaper price in the coming weeks.

This is the best opportunity to buy more Bitcoin because the price is in favour of those who are buying. Continue to buy and remain patience and perseverance during this period of uncertainty in terms of the price of Bitcoin. Investors should take opportunity of this time because the price will definitely go up and that is when some will regret again for not buying Bitcoin when the price was down.

Continue to accumulate and don't look at the current price because, if anyone looks at the price it will be difficult to even think about, buying Bitcoin just remain consistent with your strategy and remain focused in accumulating Bitcoin because this is not the time to panic and selling but , buying.

There is no such thing as the best time to buy Bitcoin. I think every time is the best time to buy Bitcoin. Anyone who is waiting for the crash without buying or anyone who has been able to find common sense and discretionary income in Bitcoin, but for some reason is waiting to invest, is missing out on the best time. Bitcoin is still in its infancy and will only reach its peak when everyone accepts Bitcoin. But right now, Bitcoin is worth very little compared to its future.

For a trader, this may seem like the best time, but for an investor, every time is the best time to buy.

[SmartCharpa]

That's what I love about DCA too most people lose money chasing the right moment while DCA keeps one in the run without all the guessing work, consistency beats trying to be a market genius every day the time in the market usually beats timing the right market DCA keeps things in control and one from stress.

Majority of people fail to see the benefit of using DCA strategy, while other people are waiting for the perfect time, those using the DCA method will be busy with their accumulation, taking the advantage of the opportunity that come at the moment regardless of the market conditions. They don’t care whether the market is high or low. Only individuals who are still doubting bitcoin will continue waiting for the perfect time forever.

It is not wrong to invest just because others are doing so as a matter of fact, most persons started investing from the motivation they got from others.

You can’t just start investing in Bitcoin only because others are investing in it. You need to understand how Bitcoin works before you can invest like others do. For example, you hear that people are investing in Bitcoin and believe it has less risk but you invest without understanding that the best thing about it is to hold for the long term, you may end up selling at a loss only because of changes in the market since you have no idea about it.

[Umulala-alala]

That's what I love about DCA too most people lose money chasing the right moment while DCA keeps one in the run without all the guessing work, consistency beats trying to be a market genius every day the time in the market usually beats timing the right market DCA keeps things in control and one from stress.

I agree, DCA often pays you off. If you have the budget and can repurchase when the price drops, you can make a very good profit. It's a profitable strategy as long as prices don't suddenly skyrocket; what matters is not the price you buy at, but the price you sell at.
That's why investing with low risk can be best sometimes. The profit margin might be a bit lower, but reducing the risk of loss is even more valuable

The dca strategy is not a trading strategy so using the dca strategy is to focus for a long term bitcoin investment selling and repurchase is gambling and an investor who is still buying bitcoin or has not reached his goal shouldn't think of selling to become a no coiner.
The dca strategy is a long time strategy which requires buying bitcoin persistently and consistently either every weeks or every months and hodl for long the only time you can think of selling some portion is when you have gotten to your over accumulation point.