As a bitcoin enthusiast is every dip worth buying?

[LogitechMouse]

Many will say DCA is their strategy. This DCA strategy of a thing is only for those who  have huge capital or an amount that is sufficient for them to ignore and possibly has other sources of income in that the can choose to neglect what ever the market does and focus on their other stream of income.

DCA is for those who have spare money to use for investing.

DCA doesn't mean that you're "FORCEFULLY" invest into something. The misconception sometimes is that, the definition of DCA for some is that, you will be buying on a weekly or monthly basis and while there are some who can do it, there are some who can't. There are some who are buying once a month or 2 months. Isn't that considered as DCA as well? DCA isn't necessary for those who have huge capital, but also for those who have the funds to use to buy some cryptocurrencies.

As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

Market hasn't chosen a direction? What do you mean? I mean we've seen the market going down already in that span of time. Isn't that considered a direction? If you sold of your tokens at $100,000 and then bought at near $80,000 then you could've bought around 20% of the total Bitcoins that you have when you sold it at $100,000. You're pertaining to those spot investors or at least position traders, but in reality, traders can still make profit despite the market going down.

As for your question, it will depend on some factors. Is the investor buying it for the long term? If yes, I don't recommend buying now. Is the investor buying for short term, or at least they're the type of investors that thinks that Bitcoin will go up to $100,000 again. If yes, then I recommend buying it now.

[ZAINmalik75]

As a Bitcoin investor who has a main strategy using to accumulate Bitcoin buying the dip all the time is not really necessary. What is more necessary is that you keep buying no matter what. Buying on dip is actually when you have the right amount of discretionary income to still buy the dip even after buying with your main strategy. It is not a compulsory to buy the dip it can be done at any time as long as you have the money to do so. Well there are persons who will want to aggressively buy the dip even if it is to be on debt.

Of course, it's not a necessity, but someone who has money that they can spare should buy the dips as it can be profitable in the long run. If you are someone who doesn't have extra funds and whatever you had, you have already invested them, it's not necessary for you to buy the dip. Those who take loans or go into debt only to buy the dip are not doing the right thing because no matter what, Bitcoin is still a volatile asset, and it doesn't guarantee that you are going to get profits soon; it can take years sometimes.

Imagine borrowing funds from someone and telling them you will return it in a month or two. You take that money, buy the dip, and hope that Bitcoin will go up soon and you will return the money and keep the profit, but Bitcoin, instead of going up, goes down, and then you won't be able to sell because you will lose money. Now, if the price takes months to get back up, you will be in trouble because you will still have to return the debt.

[tygeade]

In essence, a potential DCA strategy investor, will have to have a steady enough source of income that is sufficient for basic needs and there is enough left that may be of no immediate use.
This is so that when a dip occurs in the market, they may not feel lost or cheated or scammed into believing that their investment is lost and gone for good, leaving them probably broke and in debt.

Your first sentence is already true but the second one is not necessary anymore. Those who think like that are only naive people. We are talking about Bitcoin here anyways. It is not just somebody's coin that has a potential to go for a scam even if their value is not dipping yet. Even though some knows that Bitcoin is legit, they can't erase the fact that they still can worry sometimes when it dips but this is also because they don't have a stable income. This is why some can sell at a dip and we just blame them without knowing their situation well. And apart from that, they might still buy back again afterwards, be it in a dip or in a pump.

[coolcoinz]

Let me start by saying that investing is not for everyone. If you don't have funds to allocate, don't try to do it by sacrificing other things, like selling the car you use for work, taking a loan, selling a house and moving to a small apartment just to invest. Live a normal life and if you still have money to put aside, don't hold cash but bitcoin!

It's funny that you tell us not to lead people to regret by saying they should DCA, but what bitcoiners tell people is the truth. Fiat is flawed and your purchasing power goes down over time and that's a known constant. It's never going to change. If you hold fiat you will lose. With bitcoin you can feel like you're down for a few months, maybe even a year, but eventually you will be up. Don't like bitcoin, buy gold, art, jewelry, watches... whatever you get will be better than fiat on your bank account. It's not like bitcoiners are trying to force you into bitcoin. We are mostly a group that had enough of the government lying to us and taxing our savings.

[asriloni]

The main point of DCA is that you don't know what's the best time to buy, and you tried to buy it in every dip by divided your money equally. You shall not also forget the main purpose of DCA is for investment purpose, not buying all time.

It's totally depends on how big the money you can afford to spend it on DCAing bitcoin. If you have a lot of money to invest, DCA is best. If you can't afford a lot of money to invest, try to time the market.

Anyone have different resources to be used in investing on bitcoin. I think the current dip is worth to buy by Bitcoin investor.

[Smack That Ace]

As a Bitcoin investor who has a main strategy using to accumulate Bitcoin buying the dip all the time is not really necessary. What is more necessary is that you keep buying no matter what. Buying on dip is actually when you have the right amount of discretionary income to still buy the dip even after buying with your main strategy. It is not a compulsory to buy the dip it can be done at any time as long as you have the money to do so. Well there are persons who will want to aggressively buy the dip even if it is to be on debt.

Of course, it's not a necessity, but someone who has money that they can spare should buy the dips as it can be profitable in the long run. If you are someone who doesn't have extra funds and whatever you had, you have already invested them, it's not necessary for you to buy the dip. Those who take loans or go into debt only to buy the dip are not doing the right thing because no matter what, Bitcoin is still a volatile asset, and it doesn't guarantee that you are going to get profits soon; it can take years sometimes.

Imagine borrowing funds from someone and telling them you will return it in a month or two. You take that money, buy the dip, and hope that Bitcoin will go up soon and you will return the money and keep the profit, but Bitcoin, instead of going up, goes down, and then you won't be able to sell because you will lose money. Now, if the price takes months to get back up, you will be in trouble because you will still have to return the debt.

Buy the dip all the time or buy every time we have money, this depends on the finances and investment strategy of each investor, there is no specific rule for that.

But yes, borrowing money or going into debt only to buy the dip and thinking bitcoin will soon rise is a bad idea. Bitcoin is a volatile asset and cannot guarantee anything, so borrowing money to invest in it is no different than gambling.
There is no guarantee that this correction is temporary and will end soon, the bear market could start at any moment and what if bitcoin continues to fall instead of rise? Those who take loans would certainly pay a heavy price if a bear market suddenly occurred and lasted for years.

[Gaza13]

So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

I'm thinking that if an investor already has a comfortable position talking about investment already in Bitcoin there may not any need to chase after every dip in the market. The people who need to focus more on the dip in the market are those who have not invested enough over the years probably through any strategy and are looking into gaining an advantage on the market as quickly as possible. It is okay sometimes for an investor who has already invested heavily in the market to just sit and watch some dips.

Though sometimes we don't need to wait for the price to dip before we think of investing, as long as the money is there so  there's no point in waiting for correction to be made before we can finally invest in bitcoin. Of course anyone who knows about the future of bitcoin will never pay attention to the price, more especially those investors who does not have a single stash of bitcoin in thier portfolio. well for those average bitcoin investors I think they will always want to pay attention to the price since they're not used to the market, so in this case they will rather wait until correction is been made regardless to the method they're using to accumulate, than to invest when the price is still very much expensive.

Waiting for the purchase of assets is not wrong in this case, Indeed, many investors tend to wait for prices to fall before making a purchase, in the hope of getting a better price I think this is a natural thing that happens to most people. Sometimes waiting has a good side and a bad side, the good side with patience we get a price that is at least close to what we want, the bad side if we wait too long we will lose the lowest price and you will panic seeing the price slowly going up and you will buy the price increase. This is where knowledge about the asset and courage are needed to buy it, I think if people already understand what they are buying, of course the price is not too worried about.

[fxVICX]

I disagree, DCA strategy is for people who don't have time, hence you don't have to check the price and just buy it.

I agree average investors prefer to take profit soon over long term, hence not many people can use DCA strategy because you need to completely trust the asset and discipline, most people aren't discipline enough.

My speculation Bitcoin price will rise higher than $109K in this year, since the price now hovering around $84K, so Bitcoin is quite cheaper now.

I get your point, and I agree with the fact that DCA works best for those who have the capital and patience to spread out their investments over time without stressing about short term movements. But for average investors someone who doesn’t have much funds and wants to take profits soon, it’s a different game entirely. And additionally for those with little capital it is good they understand the fundamentals and technicals around bitcoin to make the best buying decision. it has helped me in a long run..

[Orpichukwu]

I disagree, DCA strategy is for people who don't have time, hence you don't have to check the price and just buy it.

I agree average investors prefer to take profit soon over long term, hence not many people can use DCA strategy because you need to completely trust the asset and discipline, most people aren't discipline enough.

My speculation Bitcoin price will rise higher than $109K in this year, since the price now hovering around $84K, so Bitcoin is quite cheaper now.

I get your point, and I agree with the fact that DCA works best for those who have the capital and patience to spread out their investments over time without stressing about short term movements. But for average investors someone who doesn’t have much funds and wants to take profits soon, it’s a different game entirely. And additionally for those with little capital it is good they understand the fundamentals and technicals around bitcoin to make the best buying decision. it has helped me in a long run..

It's good to try to understand the fundamentals if you can, but no matter how hard you try, you can't get an adequate understanding of the market, which can give you the right and best buying time. Even those with small capital can still buy little by little as long as they can afford it, but if they are too worried about price, they should wait till when we enter a bear market and buy then and wait for a bull to sell and take a little profit if the person is not determined enough to wait for the long run.

[Renampun]

...

Your first sentence is already true but the second one is not necessary anymore. Those who think like that are only naive people. We are talking about Bitcoin here anyways. It is not just somebody's coin that has a potential to go for a scam even if their value is not dipping yet. Even though some knows that Bitcoin is legit, they can't erase the fact that they still can worry sometimes when it dips but this is also because they don't have a stable income. This is why some can sell at a dip and we just blame them without knowing their situation well. And apart from that, they might still buy back again afterwards, be it in a dip or in a pump.

You can't run the DCA concept if you don't have a stable main income, just imagine you currently don't have a stable income, how can you buy bitcoins regularly, one day when there is an emergency then you will definitely sell the bitcoins that you are holding, so the first preparation for you to be able to smoothly use the DCA concept is to get a stable job first, there are some people who say they are running the DCA concept but in fact they are frustrated when they are in an emergency and are forced to sell, don't be in a condition like that, first increase your business and income in the real world then you can realize DCA smoothly.

[Miles2006]

Should an average investor buy every dip? Well is not the right thing to do when we all know the dip is unpredictable and sometimes waiting is not an option instead an average investor should buy bitcoin using the dca strategy. The dca strategy allows an investor to buy gradually either monthly or weekly, the dca strategy is a common one generally used by investors not just an average investor. Would love to point out the main purpose dca is optional because there’s always a room to plan right while you never bother about the market price when buying gradually lastly this strategy is meant for long term plan.

[Pi-network314159]

According to your question I don't think there is need to worry yourself by trying to buy Bitcoin in each dip. Although most guys may make it look as if every opportunity is an opportunity to buy the dip but you should also consider that buying Bitcoin by each method depends upon our discretion fund . We should be able to buy Bitcoin according to our level of discretion no matter the hype of different people. If you decide to follow other peoples strategy then you are liable to invest above your discretion which is not advisable. Just invest according to your capacity.

[MusaMohamed]

According to your question I don't think there is need to worry yourself by trying to buy Bitcoin in each dip. Although most guys may make it look as if every opportunity is an opportunity to buy the dip but you should also consider that buying Bitcoin by each method depends upon our discretion fund . We should be able to buy Bitcoin according to our level of discretion no matter the hype of different people. If you decide to follow other peoples strategy then you are liable to invest above your discretion which is not advisable. Just invest according to your capacity.

Invest what you afford to lose.
Invest after you already structured your personal finance well and safe for spending including urgent needs and investment.

So it's up to your readiness in finance and investment capital, you will be ready for buying a dip or not ready for purchasing a dip. Assuming this is a Dollar Cost Averaging strategy and practice, you don't have to force yourself purchasing all dips. There is no one dip is better than other dips in perspective of DCA strategy. If you have ready capital for investment, let's DCA, but if you don't have it, skip watching and be prepared financially for next dips.

[X-ray]

According to your question I don't think there is need to worry yourself by trying to buy Bitcoin in each dip. Although most guys may make it look as if every opportunity is an opportunity to buy the dip but you should also consider that buying Bitcoin by each method depends upon our discretion fund . We should be able to buy Bitcoin according to our level of discretion no matter the hype of different people. If you decide to follow other peoples strategy then you are liable to invest above your discretion which is not advisable. Just invest according to your capacity.

exactly, even investing $100 a month is good enough as long as it's money that OP can afford to not use or keep dormant for at least years.
forcing to DCA with money that as OP implied, is needed within few months just isn't good strategy.
basically you're exposing yourself to volatility within set of time and if market gets worse, you have no choice but to liquidate it, sounds like random speculation to me.

[Ever-young]

According to your question I don't think there is need to worry yourself by trying to buy Bitcoin in each dip. Although most guys may make it look as if every opportunity is an opportunity to buy the dip but you should also consider that buying Bitcoin by each method depends upon our discretion fund . We should be able to buy Bitcoin according to our level of discretion no matter the hype of different people. If you decide to follow other peoples strategy then you are liable to invest above your discretion which is not advisable. Just invest according to your capacity.

Every dip is actually an opportunity but that depends on who and the availability of funds for you to utilize that opportunity, if you don’t have money invest it’s just to over look that opportunity and focus on the ones you have already invested, some people will buy but some won’t, and of a truth we shouldn’t jump in into every dip unless we already have the money ready and was waiting for such time.

[Cryptohygenic]

Now for an average investor, one who is hoping to take profit soon, I don't mean those who have enough to spare.  It's best we don't lead people into regrets and pains with our contributions. Not everyone can afford to buy at intervals.

The Dca stacking strategy is just a privilege for Investors to buy more of bitcoin to their portfolio especially those who can afford to buy more after initial purchase. It does not put a mandate that every Investors must follow the process so likely, it is not kind of misleading rather creating aware just in case either rich, average or poor investors might want to buy more in advance.
I am in the camp of telling the do and don't about bitcoin which I know bitcoin is not a physical commodity of luring anyone to invest for self interest as the physical markets does.
So I don't see any reasons to why we must make an impossible look real to beginners. There is absolutely nothing to act occultic about to say "don't let the newbies know everything yet until they comes and see if themselves after belonging".
Spread the reality of bitcoin for enthusiasts self optimisms.

[kotajikikox]

and of a truth we shouldn’t jump in into every dip unless we already have the money ready and was waiting for such time.

Bitcoin is volatile and most of the time the prices you see now can be repeated however we just would not know exactly when will that be. If you are patient enough, I say you can wait until the next target price comes and by then you will be ready with the money. That is what I have done and it has been shaping up pretty nicely. Do not panic when you want to buy at a certain price and it hits that price. Just take note of it and build a plan around it.

[moneystery]

if you are in long term investment, then you will not have a problem to buy whenever you want. whether it is dip or bullish, you just focus to buy consistently. even you will feel that dip is like a discount and your chance to take more with cheaper price. and with seeing that market condition has not chosen a direction, for investor who have more financial ready to invest their money, then they will have no problem to buy more. but for investor who have limited fund, maybe they are more hesitant to make decision whether to buy or not.

[qwertyup23]

As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

I would extremely recommend so that every dip is worth buying but this will primarily depend on the goal of the investor.

As someone who has started his journey in BTC last 2017, I have personally witnessed the rise and fall of the price of BTC. Back in 2017, 1 BTC was equivalent to $4,000. Fast forward eight ( 8 ) years from now, the price of 1 BTC is ~$85,000. From this information alone, if you primarily invest for long-term gains, then buying every dip would be beneficial and advantageous on your position.

With that being said, if you are a day trader, then you may want to carefully think about buying every dip as the market volatility of prices can vary depending on both intrinsic and extrinsic factors.

As a conclusion, it really depends on the goal of an investor whether they would pursue short or long-term strategy of investment. However personally, I will definitely recommend going the latter route (long-term) and wait for the right time to cash out!

[YOSHIE]

So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

Maybe it's a good analysis for now, all of us are currently unstable markets, so keep monitoring not to rush to draw conclusions in investment in bitcoin.

But I have a bitcoin price in the next few months will increase before the market falls, at least we still have the opportunity to invest in the futures period Against Bitcoin, there is a possibility that Bitcoin can touch at the price of $ 120k in the middle of this year and this is a good opportunity for Bitcoin users, that's my personal analysis.

In essence, each of us has the rights and responsibilities of our respective investment assets, step by step is always in monitoring so as not to get caught up in losses when making the decision to invest in bitcoin.