The mindset of buying DIP is like an emotional gambling.

[SPIDERMAN008]

Buying Dip sounds good, but in reality, there are many risks associated with it. I see it as emotional gambling. Because it is not possible to find a perfect dip here. Because no one can accurately predict the price fluctuations of Bitcoin. That is why most people cannot define what the perfect dip is. When the price keeps falling, they think, "I'll buy it now." And when the price drops, they get scared. Then, after buying, they start regretting it when the price drops even more. This is a kind of trading mentality. If someone really wants to buy Bitcoin at a slightly lower price, then if it is 20% or 30%+ lower than the average price of its price in two years, then they can buy Bitcoin with some extra money. I always think that investing in Bitcoin according to the DCA method is more logical and suitable for everyone, especially those who have discretionary income. There is no need to make your investment emotional gambling.

I am very curious For those of you who buy Bitcoin at DIP, how do you define what price is the perfect dip?

[Curious T]

That is why there is no need to wait for the "perfect dip". As long as there is a dip and you have money, you can buy. If you might not have money again to buy when the price falls lower, then you can buy with half of what you have and buy again with the other half when the price falls again.
There are people right now who are still waiting for the price to drop further to below $6o thousand before they buy. There is no need for that. We can't know if it will go up from here or if it will fall to $50 thousand.

[Ishicryptic]

For long term Bitcoin investment DCA has proven to be the most effective strategy to buy, you don't need to monitor the market everything like traders, when your money to buy is available you buy and forget about market fluctuations. Buying dip on the other hand requires you to monitor the market to know how how far price has plunged to know the perfect time to buy, being that Bitcoin can rice and fall without notice. Being that you're not in control of the market you won't know how long you have to wait but if you have the patience to wait and money at hand you can go ahead. But while waiting market can become bullish and that is the disadvantages of waiting for dip.

[Barikui1]

I am very curious For those of you who buy Bitcoin at DIP, how do you define what price is the perfect dip?

Their is actually no way to discover a perfect dip because the price you may think might be the lowest point, may not be the lowest after all, and as you explained, you may buy it at $90k and be happy that you bought a dip, while you did not know that it's coming down as low as $70k, so you can't buy at the perfect dip, but as long as you are a long term holder, you have nothing to worry about because since Bitcoin is an asset that appreciates in value overtime, in few years time from now, Bitcoin might go as high as $300k or more, so it would actually be worth it regardless of how much you bought it now.
 So waiting for the perfect dip is not the best since this current price is a dip that may never come again in the future, So just buy and hold for the future, the price is not important for now.

[fredericktaylor]

It is absolutely not right to waste too much time to start investing in Bitcoin, no one can say for confirm when the price of Bitcoin will decrease or increase. I think it makes sense to buy Bitcoin using the DCA method rather than wasting too much time waiting for the price of Bitcoin to drop. When you follow the Dca method, it is not necessary to have a proper understanding of the volatility of the market, and even a large amount of money is not needed at once, by using discretionary money, you can buy Bitcoin in small amounts regularly, which reduces additional financial risk, so you can expect success in the future by holding Bitcoin in the long term with confidence.

[Mhizlove]

Okay from what I see here it's more about emotions and trying to meet up with the best price that can later turn out to be stress and assumptions because the market we see don't follow on anybody's plan, like it's not planned that price will be same for a long run so when fear and regrets comes in the decisions that is been made easily drops

That's why we should use the long term approach because it's more safer for people and again if buyers are being allocated it will reduce the pressure over time and it might remove price guessing or marketing timing. You see for some Investors, to be disciplined can beat the market timing on the price of bitcoin, also with strategy that is very good is much better than going after the perfect time

[Jostern]

I don’t think there is anything wrong with buying the dip, but where I think something is wrong is when you wait before buying bitcoin, you can be buying bitcoin on a consistent basis and when the opportunity of buying the dip comes you can also keep buying bitcoin in a reduced price available, I still think everyone will be comfortable buying bitcoin when the price is reduced and in a discount, there are also people who are careless when buying bitcoin, they feel comfortable buying bitcoin at any price and they seem not to be worried about buying the dip, but they will eventually not be happy when the price of bitcoin keeps going down because they will definitely feel like they are loosing money, and in an obvious sense they’re loosing money, there are individuals who saved money aside specifically for buying the dip when it comes, which I think it’s a good approach instead of waiting for a long time to buy the dip and they end up missing out on good opportunities.

[Hypnotizer]

Buying Dip sounds good, but in reality, there are many risks associated with it. I see it as emotional gambling. Because it is not possible to find a perfect dip here. Because no one can accurately predict the price fluctuations of Bitcoin. That is why most people cannot define what the perfect dip is.

Perfect dip?  I’ve never heard of it before…nevertheless we learn everyday but what I want you to understand about buying the dip be say you go need to dey emotionally strong before you attempt am and if you really trust bitcoin then when you get opportunity buy the dip at any price even if e go down again e no go freak you.

When the price keeps falling, they think, "I'll buy it now." And when the price drops, they get scared. Then, after buying, they start regretting it when the price drops even more. This is a kind of trading mentality. If someone really wants to buy Bitcoin at a slightly lower price, then if it is 20% or 30%+ lower than the average price of its price in two years, then they can buy Bitcoin with some extra money. I always think that investing in Bitcoin according to the DCA method is more logical and suitable for everyone, especially those who have discretionary income. There is no need to make your investment emotional gambling.

Buying the dip require high level of emotional intelligence…so if DCA NCA fits your level of emotions then it is better you go for Wetin your mind dey calm with.

I am very curious For those of you who buy Bitcoin at DIP, how do you define what price is the perfect dip?

So you wanna learn how to tune the market?
If you want to buy the dip or maybe “the perfect Dip” as you said maybe you’ll need to set a target for the price..if it reaches a certain price then you buy..

[Joy_learns_crypto]

Buying Dip sounds good, but in reality, there are many risks associated with it. I see it as emotional gambling. Because it is not possible to find a perfect dip here. Because no one can accurately predict the price fluctuations of Bitcoin. That is why most people cannot define what the perfect dip is. When the price keeps falling, they think, "I'll buy it now." And when the price drops, they get scared. Then, after buying, they start regretting it when the price drops even more. This is a kind of trading mentality. If someone really wants to buy Bitcoin at a slightly lower price, then if it is 20% or 30%+ lower than the average price of its price in two years, then they can buy Bitcoin with some extra money. I always think that investing in Bitcoin according to the DCA method is more logical and suitable for everyone, especially those who have discretionary income. There is no need to make your investment emotional gambling.

I am very curious For those of you who buy Bitcoin at DIP, how do you define what price is the perfect dip?

Buying the dip is not searching for the perfect dip. The dip won’t be perfect but when I see it is low enough from the latest ATH it is perfect to me.
And if you buy the dip and it dips more doesn’t make the dip imperfect, you did not buy the dip to instruct the market which way it should go.

[Versatile_choice]

Take for instance this current dip that is going on, some investor believe that the market will fall below the stated amount, for this reason they will continue waiting for the perfect dip, and when the price eventually fall below $50k,  yet they will not be convinced that it's the best time instead they will keep waiting for the price to dip more. this feeling is very common among those investors who go with this method of buying the dip and majority of them has remain no coinners for some years now due to this confusion that occurs whenever there is correction in the market, so the earlier we stop going with this method of buying the dip and just focus on regular buying of bitcoin using the DCA method the better for us.

[EL MOHA]

That is why there is no need to wait for the "perfect dip". As long as there is a dip and you have money, you can buy. If you might not have money again to buy when the price falls lower, then you can buy with half of what you have and buy again with the other half when the price falls again.
There are people right now who are still waiting for the price to drop further to below $6o thousand before they buy. There is no need for that. We can't know if it will go up from here or if it will fall to $50 thousand.

The reality is that there is no dip which is actually regarded as a perfect dip, every dip in price is the best price discount you can actually get bitcoin even if it is a 1% price drop from a high point. You can actually have bitcoin at some lows which you think are actually very good low and you can simply or aggressively buy at that price but it is a very good thing to buy at every opportunity you have to because today’s price might be the lowest you would ever find the coin.

People usually trust most of their own speculations and that’s why they wait for certain prices before they buy. But one of the issues of waiting util certain time to buy bitcoin is that the more your money is in fiat currency the more it is exposed to inflation.

[Churchillvv]

If you have been around for one full cycle from the bear to the bull run you will understand that it’s just about buying regardless of price as long as it’s bear market, there is no perfect entry point for buying the dip so it’s best we buy at any price in the bear market, the bear market somehow is going to double what you see as a dip in the bear market so it best not to find the perfect point since life is not a perfect place.

[GIF-JOBS]

The Bitcoin market is very volatile and it is not possible to determine the dip with certainty. Based on emotions and assumptions, observations may be correct a few times, but it does not guarantee that they will be correct again and again. Fear and uncertainty postpone investment decisions because they are afraid of buying now if the price drops. Such confusion creates fear in making decisions. Due to which regular investment in the DCA method is more stress-free and safer than one-time investment. If someone wants to buy when the price drops, then he can take additional benefits from the price drop along with regular investment. And he can save some money for additional purchases so that it is possible to take advantage of that opportunity when the dip comes during regular investment.

[Itz-prisigold]

I get that people think every dip buy is some emotional gamble, but that is not how I see it. For me,  it is panic or hype buying that is real gambling. When someone buys without a plan, clearly there is no strategy, no risk management, no conviction in the long term, then yes, it becomes pure emotion. I do know that, in the long run, what I buy will pay off. Being without a plan and without conviction is real gambling.

I know that, in Bitcoin,  there is going to be a lot of price changes, because volatility is a normal thing in Bitcoin. So I try not to catch the  “perfect”  bottom, which is why I recommend that people think about what the drawdown is and look at their portfolio allocation instead of price. There is no one perfect price to buy at, and it is all about the time frame and risk tolerance.

I like to use DCA along with some dip buys,  that way, I do not have to worry about price and I am not going all in at once. You can be a disciplined buyer and still make the mistake of not having a plan to work off of. If someone has a structure plan, and they only use money that they can afford to lock up for a long time,  it is investing; not gambling.

[Padi24]

If you have been around for one full cycle from the bear to the bull run you will understand that it’s just about buying regardless of price as long as it’s bear market, there is no perfect entry point for buying the dip so it’s best we buy at any price in the bear market, the bear market somehow is going to double what you see as a dip in the bear market so it best not to find the perfect point since life is not a perfect place.

For me I don't think it's necessary for us to wait until bear market before starting our Bitcoin investment because you can't possibly predict when it will happen sometimes you might not even see it happening for one full season so it's better we focus on the ongoing buying of Bitcoin and just trash this mindset/ or method of buying every dip, as a matter of fact while you are buying regularly using the DCA method you will definitely meet the dip and then you can decide to be more aggressive in your Bitcoin accumulation rather than waiting solely for the dip that may not occur.

[rachael9385]

Buying the fip has always been a common strategy in crypto and to me has nothing to do with emotions, what's actually an emotional gambling is selling during a dip because you are uncertain if you are going to make profits or lose, this uncertainty is what makes people lose a lot. Buying during the dip especially bitcoin shows that you are mature enough to know the pump will come back again.

[Pi-network314159]

I am very curious For those of you who buy Bitcoin at DIP, how do you define what price is the perfect dip?

There is no perfect Dip in the market, buying the dip is just one of strategy among the 3 strategy and you don't necessarily need to only buy the dip. On a norms the best buying method is the DCA, because this doesn't care if the market is high or low. You don't need to wait to time the market to know the exact time to buy the Lowest deep because for sure you are not going to know. You might buy the dip at -10% and the next minute another dip happens maybe atb-20% and you might feel you have made mistake. So that's why the best strategy is the DCA, the dip only comes as a buy at ago to increase your stash by such opportunity. But apart from that there is nothing much. But the main thing is that Bitcoin investment is no targeted at short time but long term. When you bear this in mind, you will realize that whatever Bitcoin you buy regardless of the time, will still be profitable in the long run.

[Majestic-milf]

 Baba, you dey gamble? If yes, then I sure say some of the games you don play no too look sure but you collect and play am anyway. For Bitcoin investment, we no dey look say this nah the perfect drop before we use am as opportunity to stack, but rather, we go just do am because we dey aware say once price go back up, e go dey beta than when we purchase am and that one nah gain for us.
 No be everybody Sabi take advantage of this bear period because most of them go dey panic and feel like say them don make huge financial mistake so nah make we dey see more people dey rush sell off instead of buying.

[POPOLUV]

First of all i want you to understand that you can buy Bitcoin at any given time of the market price, then if your mindset is to wait till when the DIP finally happen before considering of buying Bitcoin, such art is the best example of a gambler that his mindset is basically focus only on the DIP so that you can buy and gambling within a short period of time, but if you are consistent in buying gradually by gradually without having the mindsets of waiting for bull market to finally happen, it means that you not see DIP as an emotional gambling because we as an investors has these believe that one day the bull market can happen at anytime and that is why investors are still considering to buy and accumulate more Bitcoin.

[Fiatless]

You rightly pointed out that it will be difficult to predict the price of Bitcoin. Waiting till the price gets to the bottom before buying might not be feasible. Since you know the current ATH of Bitcoin, you can have a target price for accumulation. Based on historical information Bitcoin will always exceed its past highest price.  Just have a plan and start buying when it gets to the price you have projected. Better still, the DCA strategy is best for accumulation since it spreads the risks.