Buy Buy Buy or Sell Sell Sell?

[Obulis]

buy or sell? 😭 honestly depends on the chart, but panic selling is usually where it gets ugly lol

Trading based on charts can easily take you from an investment mindset to a trading mindset. The most important thing when it comes to Bitcoin savings is whether you have discretionary income and whether you can hold onto that money for a long time after investing it.

You are probably new to this. As a new investor, when you try to buy by looking at the chart over and over again, you may not be able to find the "perfect entry" and start. Or you may be afraid to sell after buying if you see the chart go down a little. However, a long-term investor never makes decisions based on charts, but rather gradually strengthens his position according to his cashflow.

This kind of long term journey doesn't require a graph/chart because it is not really necessary since chart can turn to delayed journey instead of making it steady and in that faster. A trader can make using of chart a custom even as it also affects them but this custom I guess many investors is supposed to have learned there lessons. It's a nice idea for long-term holders to completely do a way with chart because that idea will remain a brand new best idea for long-term holders for who knows how long?

[Rabata]

Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

Your confidence in Bitcoin shouldn’t be coming only from the idea 💡 or believe that the price will eventually go up, your confidence should be coming from you understanding the risk and also having a plan to follow when market start to fall. Even an experience user can panic if they end up  investing more than they can comfortably afford.

Confidence in Bitcoin is just as important as knowing your financial limit, understanding that Bitcoin has a large drops and if your money won’t be needed for daily needs this understanding makes it become much more easier to avoid making an emotional decision when market don’t turn out well for you.

I don't believe confidence should be based solely on the future prospects of Bitcoin. An investor will feel more confident in his plans when they fit into his reality. Even if they have a lot of knowledge about Bitcoin, if they purchase using the money they require, and that may be the money they require in the next few months, they can still feel pressured during a Bitcoin price decrease. If a person puts his discretionary money into investment, has expenses and an emergency fund, then his long term planning becomes easier even in the case of a fall in price. I would try to encourage everyone to set up a situation where price movements won't influence choices.

[NewRevelation]

It is not impossible to lose control when the price of Bitcoin falls, if you do not invest with the remaining money and invest with the money you need and it is not impossible to panic, if you invest, it is wise to use that money for the long term so that your future does not stop without money, you do not need experience in everything to invest in Bitcoin, only long-term planning and financial stability are very important to invest here, money management is the most important thing in investing because it makes it possible for you to move forward in the long term and take advantage of the opportunities at hand without stopping.

I see you are a newbie and still learning, even though you have been registered here in the forum 6-7 months ago. Planning your investment pattern is okay, but it's not a criteria for starting. If you decide to carry out a long planning schedule, trying to know and keep things set before starting, then you might end up not starting at all, and remember times waits for nobody, and the market keeps moving. You can start immediately if you have your Discretionary income available.

You also mentioned that financial stability is also needed and very important to start. This is wrong and can be misleading. You don't need financial stability to start your investment. What you need to start is your discretionary income and not financial stability. Your Discretionary income is the money left after taking of basic needs. You can invest with it gradually as you can afford while you can also sort for means to grow your income. Don't forget that what may be a state of financial stability for me, can be a starting point for you because we don't eann the same. Hence, people who have there discretionary income should start up there investments. They can grow gradually.

[Mr Reporter]

You don't necessarily need to prepare for dip because you don't know when it will happen, people only get prepared for something they are aware of when it will happen. Personally I don't even see any reason why a person will panic during the dip knowing fully well that bitcoin is very volatile, so for me I think the reason why people panic during the dip is because their mind is not well made up to invest in bitcoin maybe they just decide to venture into Bitcoin investment due to FOMO. but as for those whose mind is well made up to invest in bitcoin, you hardly see them panic when there's a correction in the market.

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

[SDS11]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

Are suggesting we should prepare for dip instead of accumulating little by little using our discretionary income? i totally disagree with this and i think this information is misleading because someone who do not understand bitcoin investment to a good extent will follow your information and prepare for the dip instead of accumulating. how will something we do not know when it will happen be very important? optimum attention should be given to our DCA method and not the dip since we cannot tell when it will come so do not complicate things here.

[PhilosopherKing]

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

An investor doesn't have any business with financial limit but rather what an investor should focus on is how to figure out a discrestionary income they can use in their Bitcoin investment because talking about knowing one's financial limit makes you sound like you don't know what is needed in Bitcoin investment, we don't need our total finance to invest what we need is just a discrestionary income in other words "leftovers" and panicking is not necessarily because someone is not prepare rather mindset and target is what can make one panic sometimes.

How do you think that person will be able to figure out their discritionary income if you are telling them not to give a fuck about their financial limit, huh? Let me remind you that what you can afford to put inside Bitcoin is different from what other people can.

Every person has limits and when you don't know what your limit are you  likely going to invest aggressively when you get a top up in your salary not knowing in doing that you can already be using more the amount of money that you are supposed to use.

And if that thing happens, it can fuck the person investment up because the person will just have to sell.

[Alonso_]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

How do you mean preparing for the dip should be the most important part of bitcoin investment, your statement seems to be messing with my head, please don’t get newbies confused, however I disagree with your statement, I think you should only prepare yourself financially by buying bitcoin more consistently by having a discretionary income and using the DCA techniques, why would you be preparing for the dip when you can buy bitcoin through the DCA consistently and you don’t know when the dip is going to happen, I’m wondering why you think it’s just very important for you to be waiting and preparing for the dip when you can keep buying more, how about you’ve bought bitcoin before you get this dip what do you do, oh I guess you will be well prepared enough to take the opportunity the market have given you, why do you have to panic when the dip comes, there is no reason to panic, as long as you’re buying and holding bitcoin consistently, you don’t have to be prepared to buying the dip when you can just be buying bitcoin always.

[Crytohillss]

You don't necessarily need to prepare for dip because you don't know when it will happen, people only get prepared for something they are aware of when it will happen. Personally I don't even see any reason why a person will panic during the dip knowing fully well that bitcoin is very volatile, so for me I think the reason why people panic during the dip is because their mind is not well made up to invest in bitcoin maybe they just decide to venture into Bitcoin investment due to FOMO. but as for those whose mind is well made up to invest in bitcoin, you hardly see them panic when there's a correction in the market.

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

Yes, that arrangements is important but I think there is one part of it that people overlook having a strategy for what to do when the dip actually comes.
 It is very easy to say we are prepared when the market is moving up but our real preparation is tested when one see his
portfolio decreasing every day by day. That's why people see preparation as more than just keeping money aside to purchase a dip,
it is also about making sure your Bitcoin investment doesn't put one under stress when the unexpected happens.

[Abbatty]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

How do you mean preparing for the dip should be the most important part of bitcoin investment, your statement seems to be messing with my head, please don’t get newbies confused, however I disagree with your statement, I think you should only prepare yourself financially by buying bitcoin more consistently by having a discretionary income and using the DCA techniques, why would you be preparing for the dip when you can buy bitcoin through the DCA consistently and you don’t know when the dip is going to happen, I’m wondering why you think it’s just very important for you to be waiting and preparing for the dip when you can keep buying more, how about you’ve bought bitcoin before you get this dip what do you do, oh I guess you will be well prepared enough to take the opportunity the market have given you, why do you have to panic when the dip comes, there is no reason to panic, as long as you’re buying and holding bitcoin consistently, you don’t have to be prepared to buying the dip when you can just be buying bitcoin always.

Exactly, why would you even say such a thing, definitely it going to mislead newbies and even exciting members. When it comes to bitcoin accumulation, Waiting for the Dip is not right, instead use the DCA and start you accumulation, no matter little it might be, it better than sitting and waiting for the Dip. For someone that is new into Bitcoin investment, when you encourage them to wait for the Dip, it would only waste their time and prolong their starting of their investment.

[Cgrexp]

Yes, that arrangements is important but I think there is one part of it that people overlook having a strategy for what to do when the dip actually comes.
 It is very easy to say we are prepared when the market is moving up but our real preparation is tested when one see his
portfolio decreasing every day by day. That's why people see preparation as more than just keeping money aside to purchase a dip,
it is also about making sure your Bitcoin investment doesn't put one under stress when the unexpected happens.

Being prepared for a price drop doesn't just mean having a plan to buy more when the price dips. Bitcoin can face a major correction or drawdown. While the risk may seem bearable during an uptrend, the real test is being able to maintain decision-making and mental stability when the price drops significantly. If someone does DCA regularly, then it should be consistent with their financial situation and plans as per their normal plan. Just because the price has dropped, jumping into the market with a large sum of money is not a sign of preparation. Proper preparation is not about predicting a price drop, but ensuring that your financial plan does not collapse even if the price drops. If the investment amount is within your surplus money and there is a separate arrangement for emergencies, the pressure to change decisions due to market fluctuations is greatly reduced. And it is easier to avoid making decisions like selling hastily out of fear of a dip or investing extra money on impulse just because the dip is happening again.

[Derekfunds]

Yes, that arrangements is important but I think there is one part of it that people overlook having a strategy for what to do when the dip actually comes.
 It is very easy to say we are prepared when the market is moving up but our real preparation is tested when one see his
portfolio decreasing every day by day. That's why people see preparation as more than just keeping money aside to purchase a dip,
it is also about making sure your Bitcoin investment doesn't put one under stress when the unexpected happens.

I don't understand what arrangement you are talking about and for your information there is nothing like having strategy when the dip actually comes and if I may ask, what strategy will one be looking for again when the buy Dip is already a strategy to use. If an investor is accumulating using the DCA method and also have some savings for dip, if eventually they see the dip what strategy would they look for other than to make use of the savings for the Dip. Before someone will invest they should or must have known that price doesn't only move in one direction.

[Bryan jessy]

How do you mean preparing for the dip should be the most important part of bitcoin investment, your statement seems to be messing with my head, please don’t get newbies confused, however I disagree with your statement, I think you should only prepare yourself financially by buying bitcoin more consistently by having a discretionary income and using the DCA techniques, why would you be preparing for the dip when you can buy bitcoin through the DCA consistently and you don’t know when the dip is going to happen, I’m wondering why you think it’s just very important for you to be waiting and preparing for the dip when you can keep buying more, how about you’ve bought bitcoin before you get this dip what do you do, oh I guess you will be well prepared enough to take the opportunity the market have given you, why do you have to panic when the dip comes, there is no reason to panic, as long as you’re buying and holding bitcoin consistently, you don’t have to be prepared to buying the dip when you can just be buying bitcoin always.

It would have been more comprehensible if the preparedness was about finances and psychologically as a person is about to begin the investment journey, before a person starts investment he must have a stable source of income that he can be using some percentage to accumulate more Bitcoin as time goes by and also an investor needs to know the true nature of Bitcoin, therefore should be willing to accept any outcome along the line, these are some of the things I think a person needs to prepare for before and after getting involved in Bitcoin investment, there is really nothing to be prepared for about dip. Lots of persons nowadays relay wholely on dips before they buy Bitcoin but what if Bitcoin never dip does it mean they will not buy at all, it will be better if we focus more on the true nature of Bitcoin and leave dip aside because with such mentality a lot of persons will miss out.

[Gragebox]

It would have been more comprehensible if the preparedness was about finances and psychologically as a person is about to begin the investment journey, before a person starts investment he must have a stable source of income that he can be using some percentage to accumulate more Bitcoin as time goes by and also an investor needs to know the true nature of Bitcoin, therefore should be willing to accept any outcome along the line, these are some of the things I think a person needs to prepare for before and after getting involved in Bitcoin investment, there is really nothing to be prepared for about dip. Lots of persons nowadays relay wholely on dips before they buy Bitcoin but what if Bitcoin never dip does it mean they will not buy at all, it will be better if we focus more on the true nature of Bitcoin and leave dip aside because with such mentality a lot of persons will miss out.

I believe we are indeed discussing the same thing, just with the different meanings of strategy. I believe that buying the dip is already a strategy for a DCAer who has kept additional funds to buy when the market falls.

I wasn't making the case that investors need to locate a different approach once you see the dip. The key is that this is pre-planned at the time of investing in order that the reserved funds could possibly be invested when the drop occurs. A investor might elect to stay invested in a small amount after a reduction and hold their remaining funds in reserve in case the market drops more.

You are also correct that any Bitcoin investor should realize that the price of Bitcoin can go up or down. It's impossible to know when the bottom will be. That's where a long-term strategy before an investment can come in handy. DCA might be helpful in keeping a consistent approach, and some reserved cash might be handy when there's a bigger correction.

[2Pizza410000BTC]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

Are suggesting we should prepare for dip instead of accumulating little by little using our discretionary income? i totally disagree with this and i think this information is misleading because someone who do not understand bitcoin investment to a good extent will follow your information and prepare for the dip instead of accumulating. how will something we do not know when it will happen be very important? optimum attention should be given to our DCA method and not the dip since we cannot tell when it will come so do not complicate things here.

Of course, we should pay attention to the DCA investment method because when investing in the DCA method, we do not have to worry about the investment and we do not have to look at the market again and again about the Bitcoin market. There are many of us who will invest some amount of Bitcoin but we analyze the market in such a way to make that investment and many people cannot invest through that analysis because they are in doubt and refrain from investing, so I must say that those who want to invest should definitely choose the DCA method because the DCA method is the best method for investment and investing in the DCA method has the possibility of being successful quickly.

[JayJuanGee]

You don't necessarily need to prepare for dip because you don't know when it will happen, people only get prepared for something they are aware of when it will happen. Personally I don't even see any reason why a person will panic during the dip knowing fully well that bitcoin is very volatile, so for me I think the reason why people panic during the dip is because their mind is not well made up to invest in bitcoin maybe they just decide to venture into Bitcoin investment due to FOMO. but as for those whose mind is well made up to invest in bitcoin, you hardly see them panic when there's a correction in the market.

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

You are making misleading statements Mr Reporter.

if guys are ongoingly buying bitcoin in their first 4-10 years or longer, unless they happen to be able to front-load their bitcoin investment, then I see no reasons to make  any extra preparations in regards to whether the BTC price is up, down or sideways.  Guys figure out ways to buy bitcoin no matter the price in accordance with their budget, and so they largely figure out ways to make sure that they are continuing to earn more than they spend so that they have discretionary funds that they can ongoingly, consistently, persistently, regularly and perhaps even aggressively buy bitcoin.

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

An investor doesn't have any business with financial limit but rather what an investor should focus on is how to figure out a discrestionary income they can use in their Bitcoin investment because talking about knowing one's financial limit makes you sound like you don't know what is needed in Bitcoin investment, we don't need our total finance to invest what we need is just a discrestionary income in other words "leftovers" and panicking is not necessarily because someone is not prepare rather mindset and target is what can make one panic sometimes.

How do you think that person will be able to figure out their discritionary income if you are telling them not to give a fuck about their financial limit, huh? Let me remind you that what you can afford to put inside Bitcoin is different from what other people can.

Every person has limits and when you don't know what your limit are you  likely going to invest aggressively when you get a top up in your salary not knowing in doing that you can already be using more the amount of money that you are supposed to use.

And if that thing happens, it can fuck the person investment up because the person will just have to sell.

You (@PhilosopherKing) seem to be mixing up aggressive investing with overaggressive investing.  They are not the same thing.

There is nothing wrong with being aggressive, yet there is something wrong if guys invest in overly aggressive ways.  Figure out your language so that you are not coloring aggressiveness as if it were overaggressive, since aggressive and overaggressive are to different concepts that you should learn to communicate properly so that guys do not misunderstand the meaning of aggressive investing, which is more than acceptable and within the discretion of guys to make those kinds of choices regarding their levels of investing into bitcoin.

How do you mean preparing for the dip should be the most important part of bitcoin investment, your statement seems to be messing with my head, please don’t get newbies confused, however I disagree with your statement, I think you should only prepare yourself financially by buying bitcoin more consistently by having a discretionary income and using the DCA techniques, why would you be preparing for the dip when you can buy bitcoin through the DCA consistently and you don’t know when the dip is going to happen, I’m wondering why you think it’s just very important for you to be waiting and preparing for the dip when you can keep buying more, how about you’ve bought bitcoin before you get this dip what do you do, oh I guess you will be well prepared enough to take the opportunity the market have given you, why do you have to panic when the dip comes, there is no reason to panic, as long as you’re buying and holding bitcoin consistently, you don’t have to be prepared to buying the dip when you can just be buying bitcoin always.

It would have been more comprehensible if the preparedness was about finances and psychologically as a person is about to begin the investment journey, before a person starts investment he must have a stable source of income that he can be using some percentage to accumulate more Bitcoin as time goes by and also an investor needs to know the true nature of Bitcoin, therefore should be willing to accept any outcome along the line,

You seem to be confusing matters even more than you are helping @Bryan jessy especially since a guy does not to have high levels of knowledge of either bitcoin or cashflow management as long as he can determine that he has discretionary funds he can get started buying bitcoin and he can invest every week (or whatever might be his bitcoin buying frequency) so long as he can determine that he has discretionary funds available.

these are some of the things I think a person needs to prepare for before and after getting involved in Bitcoin investment, there is really nothing to be prepared for about dip.

You are correct that when it comes to beginners to bitcoin, there tends to be no real need to focus very much on price, since by definition a beginner either does not have any bitcoin or has low levels of bitcoin, and it tends to take a while to get out of beginner status, and so accordingly the longer that anyone is buying bitcoin, he can account for the size of his bitcoin stack growth in terms of figuring out the extent to which he might need to make adjustments to either his bitcoin accumulation strategies and/or his cashflow management practices.

Lots of persons nowadays relay wholely on dips before they buy Bitcoin but what if Bitcoin never dip does it mean they will not buy at all, it will be better if we focus more on the true nature of Bitcoin and leave dip aside because with such mentality a lot of persons will miss out.

I cannot argue with you in regards to this point, since surely ongoing buying of bitcoin, no matter the price tends to be way more important in the accumulation of bitcoin, and surely it could take guys 4-10 years or longer to really build up a decently good bitcoin stash size.

[cyberninja2]

Of course, we should pay attention to the DCA investment method because when investing in the DCA method, we do not have to worry about the investment and we do not have to look at the market again and again about the Bitcoin market. There are many of us who will invest some amount of Bitcoin but we analyze the market in such a way to make that investment and many people cannot invest through that analysis because they are in doubt and refrain from investing, so I must say that those who want to invest should definitely choose the DCA method because the DCA method is the best method for investment and investing in the DCA method has the possibility of being successful quickly.

As long as we continue to implement the DCA strategy, I believe there's no need to hold back from investing. This is because the DCA strategy doesn't require a large initial capital investment even with a small amount, purchases can still be made using the DCA strategy.

The DCA method is currently the most popular among Bitcoin investors, both long-term and short-term, because it simplifies the process of accumulating assets for the future. We should consider this approach, as it's incredibly convenient and the most popular method for Bitcoin investment today.

[Abbatty]

Of course, we should pay attention to the DCA investment method because when investing in the DCA method, we do not have to worry about the investment and we do not have to look at the market again and again about the Bitcoin market. There are many of us who will invest some amount of Bitcoin but we analyze the market in such a way to make that investment and many people cannot invest through that analysis because they are in doubt and refrain from investing, so I must say that those who want to invest should definitely choose the DCA method because the DCA method is the best method for investment and investing in the DCA method has the possibility of being successful quickly.

As long as we continue to implement the DCA strategy, I believe there's no need to hold back from investing. This is because the DCA strategy doesn't require a large initial capital investment even with a small amount, purchases can still be made using the DCA strategy.

The DCA method is currently the most popular among Bitcoin investors, both long-term and short-term, because it simplifies the process of accumulating assets for the future. We should consider this approach, as it's incredibly convenient and the most popular method for Bitcoin investment today.

That is exactly the point, DCA gives you very little psychological and financial barrier in investing in bitcoin, it makes investing in bitcoin for you very easy. So for every user, imagine having this much conveniency when investing in one of the most promising crypt Assets in the world.

So if you are thinking of going into bitcoin investment, or you are into it already but using a different strategy, then consider using the DCA. All you need is to set aside a certain discretionary income from you wages or salary and begin to invest.

[Grease5000]

Of course, we should pay attention to the DCA investment method because when investing in the DCA method, we do not have to worry about the investment and we do not have to look at the market again and again about the Bitcoin market. There are many of us who will invest some amount of Bitcoin but we analyze the market in such a way to make that investment and many people cannot invest through that analysis because they are in doubt and refrain from investing, so I must say that those who want to invest should definitely choose the DCA method because the DCA method is the best method for investment and investing in the DCA method has the possibility of being successful quickly.

Though I agree that DCA can make investing easier because it removes the pressure of trying to time  the market to find the perfect entry point. But I wouldn't say DCA is the best method for everyone.

If I have a large amount of discretionary money available and I'm comfortable with my long term bitcoin conviction, a lump sum can make sense. And  If my money comes in gradually or I don't want to commit everything at once, DCA gives me a discipline way to accumulate.

For me, the important thing is not whether someone buys weekly or all at once. It is using money that is not needed for essential expenses(discretionary income), having a long term plan, and sticking to it instead of constantly trying to predict the market. DCA gives  investors the opportunity to buy bitcoin little by little and reduces timing pressure, while lump sum puts more money to work immediately. Both can be reasonable investor strategies.

[Ryu_Ar1]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

One thing happens if will don't prepare our self it looks like when the dips hit hard there is going to be panicking, just like tracking down back then in those day we have seen how many people who said they are long term holders, but during 2022 bear market they sold at loss because they did not prepare their mind and they invested money they needed urgently....which you need to be prepared in two different ways which is mental preparation, and financial preparation..

Preparation for a decline like what you mean because basically when we have been here long enough we should not need to prepare anything because the decline that occurs will not interfere with the bitcoin we have.

We can take an example of how long you have been here (as an example) when you buy while you are in the forum means you buy from the price of $30k because your registration in the forum will not be far from that price and if you look now after 3 years you are in the forum we should not need to panic because the decline that occurred with the price you once bought it did not make you panic should.
So prepare for a decline in what way you mean because basically we will always believe even if the price of bitcoin falls but it is only temporary. Don't try to sacrifice your assets just because the pretext of preparation comes down to selling because what you do can actually turn into regret.

We buy when we are ready to buy so that the decline that occurs is not a hindrance because we are ready to feel it from the beginning when we buy bitcoin.

[Cossyblack]

I could tell from the angel you are communicating to but i think preparing for the dips should be the most important part of Bitcoin investment if i want to be truthful it is, the most important thing  is that the fact that we don't know when it will happen is exactly why will really need to be prepared big time.

Your perspective regarding how an investor should accumulate bitcoin is wrong.  You sound more like a trader than an investor based on your post because traders are the ones who wait for the dip to buy at a low rate and sell it when the price increase for cheap gains,real investor don't wait for bitcoin to dip before they buy rather it is traders who does that,the fact that you don't know when the dip will occur is the main reason why you should be accumulating consistently rather than wasting your precious time waiting for a dip you don't know when and if it will even occur.

I think what you should be looking out for to invest in bitcoin is to figure our your discretionary income and invest it regularly, consistently and persistently rather than waiting for the dip. Ofcouse,your truth here is misleading,newbies could be misled if they follow this version of your truth seriously by waiting for the dip rather than accumulating consistently using their discretionary income.