Does waiting for the Dip make a Bitcoin investor unserious

[Bryan jessy]

Waiting for the dip if you already have a good position isn't a bad idea, it's only wrong when you do not have a significant position or you are just about to start your Bitcoin investment journey.
Most guys that wait for the dip already have a good position accumulated in Bitcoin already and they choose to wait to accumulate more, but DCA is the best for newbies

If a user already has Bitcoin investment, it is normal to wait for the price to fall, but if he waits without investing, I think it is foolish. Before starting the Bitcoin journey, it is important to know well and then buy from any position in the market, which gives courage to the mind. It is true that those who have a good position in Bitcoin wait for the price of Bitcoin to fall, but it is unusual for those who do not have a position to wait. Rather, if beginners buy Bitcoin and wait for the price to fall later, it will be better and if they invest through the DCA strategy, they will definitely not lose. Basically, in investing, if the price falls, there is a loss, it is most important to control your emotions, and then continue investing through DCA so that the loss rate decreases. For beginners, the DCA strategy is always the best in Bitcoin. If they use it, they will be able to control themselves gradually.

I am sure a beginner will not know much about dip and even if he does the main target as at that early stage will be to have some Bitcoin in his possession rather than waiting for dip, it is people who already have some Bitcoin in store that should be talking of dip or expecting dip period so they can accumulate more Bitcoin, or using the DCA method should also be considered if unfortunately the dip did not come as expected. If a beginners already have some Bitcoin in store and decided to wait for dip before buying more it won't be bad but if dip fails to come then DCA method or buying anytime only if they can afford to.

[CryptopreneurBrainboss]

But for those investors that has a large portfolio and/or in their over accumulation stage but don’t want to start sustainably liquidating their Bitcoin instead they decide to wait on the dip to accumulate more Bitcoin, it’s not a bad idea. So it totally depends on how folk use the dip strategy that I’ll be considered bad or good.

Na wetin work for you na him you go do, you don't have to follow the crowd but instead look for a strategy that best suits your investing style. You can decide to wait for the dip and it profits you meanwhile someone else might decide to buy without waiting for the dip and it also profits him as there is no direct way of investing in Bitcoin that is guaranteed to give you profit.

The only thing I can say is that you trying to chase the price of Bitcoin when it's about to increase that is when you might make a mistake but still there are those that profit from just buying at the time Bitcoin is about to take off and it makes them profit. Buying the dip is a strategy that has proven to work over the years and when you buy it doesn't really matter so you doing that isn't wrong but to be consistent in investing in Bitcoin I will advise you buy whenever you have spare cash available.

Make yourself a schedule that you have to follow strictly and stay disciplined and committed as well and you'll reap the reward.

[Jamestown70]

But for those investors that has a large portfolio and/or in their over accumulation stage but don’t want to start sustainably liquidating their Bitcoin instead they decide to wait on the dip to accumulate more Bitcoin, it’s not a bad idea. So it totally depends on how folk use the dip strategy that I’ll be considered bad or good.

Na wetin work for you na him you go do, you don't have to follow the crowd but instead look for a strategy that best suits your investing style. You can decide to wait for the dip and it profits you meanwhile someone else might decide to buy without waiting for the dip and it also profits him as there is no direct way of investing in Bitcoin that is guaranteed to give you profit.

The only thing I can say is that you trying to chase the price of Bitcoin when it's about to increase that is when you might make a mistake but still there are those that profit from just buying at the time Bitcoin is about to take off and it makes them profit. Buying the dip is a strategy that has proven to work over the years and when you buy it doesn't really matter so you doing that isn't wrong but to be consistent in investing in Bitcoin I will advise you buy whenever you have spare cash available.

Make yourself a schedule that you have to follow strictly and stay disciplined and committed as well and you'll reap the reward.

I agree to every thing you said, the most important thing is a guy being able to sort out his discretionary funds/spare cash that’ll enable him add to his Bitcoin stash with whatever method that best suit him.

There are guys out of fear of missing out on market opportunities (FOMO), they go about using more than their spare cash to accumulate Bitcoin and when they’re desperately in need of that cash liquidating their Bitcoin becomes at a time that is not of their own chosen becomes the only available option. So far I’ve been in this forum, I’ve come to understand that Bitcoin doesn’t reward the desperate ones (aka short term investors).

[Abu-Naim]

The only thing I can say is that you trying to chase the price of Bitcoin when it's about to increase that is when you might make a mistake but still there are those that profit from just buying at the time Bitcoin is about to take off and it makes them profit. Buying the dip is a strategy that has proven to work over the years and when you buy it doesn't really matter so you doing that isn't wrong but to be consistent in investing in Bitcoin I will advise you buy whenever you have spare cash available.

Make yourself a schedule that you have to follow strictly and stay disciplined and committed as well and you'll reap the reward.

Exactly, buying the dip has been proven as a successful strategy of investing in Bitcoin and many other coins because it helps you recover your losses on time especially if you have been holding at higher price and decided to buy more when the price is dip, you will easily cover the loses of the previous once you hold at a price higher than this current price.

The bottom line if every investment is to be satisfied with the method of investments used to invest in Bitcoin. Just because these will not favor me A, don’t mean that Mr B will also the same problem.

[Biggeno]

The only thing I can say is that you trying to chase the price of Bitcoin when it's about to increase that is when you might make a mistake but still there are those that profit from just buying at the time Bitcoin is about to take off and it makes them profit. Buying the dip is a strategy that has proven to work over the years and when you buy it doesn't really matter so you doing that isn't wrong but to be consistent in investing in Bitcoin I will advise you buy whenever you have spare cash available.

Make yourself a schedule that you have to follow strictly and stay disciplined and committed as well and you'll reap the reward.

Exactly, buying the dip has been proven as a successful strategy of investing in Bitcoin and many other coins because it helps you recover your losses on time especially if you have been holding at higher price and decided to buy more when the price is dip, you will easily cover the loses of the previous once you hold at a price higher than this current price.

The bottom line if every investment is to be satisfied with the method of investments used to invest in Bitcoin. Just because these will not favor me A, don’t mean that Mr B will also the same problem.

You’re right, the dip strategy has proven to be very effective to Bitcoin investors that know how to use it, there are some investors that wait on the dip to get to a particular level before they decide to start buying, from my opinion that’s a wrong perspective about using the dip.
But I can almost disagree about the dip strategy being a good strategy for many other shit coin. Apparently I won’t want to complicate matters by putting focus on buying the dip of other shit coin.

With experience, there are so many shit coin I’ve tried to buy at it early stage, seeing it as an opportunity to make 5x to 10x base on the hype and speculations, though on the other hand, it’s my fault for not doing my own research about the project before deciding to invest. Most of these project later got rug pulled and abandoned thereby making the community lose their funds to the developers. Though I understand that Bitcoin is not guaranteed of 100% assurance, but it has never being rug pulled or abandoned like the many other coin you used in your example. In the stead of accumulating other coin, I’ll rather stick to accumulating bitcoin bit by bit.