Does waiting for the Dip make a Bitcoin investor unserious

[Jamestown70]

Greetings to my fellow Bitcoin Enthusiast…

Lately I’ve been going through lot of post debunking waiting on the dip before accumulating bitcoin, it all has a regular writeup about how the dollar cost strategy (DCA) can make your Bitcoin portfolio grow as long as folks are:

1. consistent with their weekly or monthly Bitcoin accumulation.

2. making sure that as an investor, you don’t go beyond your basic needs just to accumulate Bitcoin and using only your discretionary income for Bitcoin investment, making sure.

3. Saving up emergency funds as a cushion in the cases of extreme time and/or emergency.
All these are basic we’ve come to understand that folk shouldn’t go against in order to have a stable portfolio.

What I’ve come to understand and I’ll like to share is that, not every one that wait on the dip is considered unserious or has a trading mentality as many will say, for a beginner and/or a no coiner, waiting on the dip shouldn’t be a priority instead continuous DCAing should work better with a good result as long as folk have gotten discretionary funds to accumulate Bitcoin, going aggressive or whimpily should depend totally on the strength of your discretionary fund. As long as folk are consistently accumulating bitcoin during the dip, it’s also seen as buying the dip. The DCA strategy is multi- purpose

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.

[Sim_card]

You as an investor has the choice to make whether, you will accumulate bitcoin with DCA or wait for the dip, it all boils down to your preferred method. For me, I love the DCA method of Bitcoin accumulation because it gives you rest of mind and consistent increase in your bitcoin stash overtime. Don't wait for the dip forever.

[Nathrixxx]

No, that you are waiting for the market to fall to make your entry is a wise decision, what may be needed is for us to be conscious of the positioning we are taking an as well as the target we have towards our investment to be profitable over it, which talks more about the duration of time needed to hold until the bear season passed, having our assets on a non-custodia wallet and other safety precautions that must be in place for us to be profitable about our investment as long as we have the capacity of holding till the bull arrives.

[Livingleged]

Waiting for the dip before  you buy bitcoin  doesn't  just make you a bad investor  only, but it also make you lose opportunity  to have acquire more bitcoin  within  the time of waiting. using  DCA with the little you have at that moment is the best. In bitcoin  investment  every moment  count to building  your portfolio the moment  you have your discretionary  income  you  should  not wait for any dip. You should just buying  using  DCA preferably  if you're a low income earner. What should only stop your accumulation  is If your income stops, and you no longer have discretionary  income to buy again. Some people  also said you should  wait until  you have some emergency  funds before you  start  accumulation but that's not the best way because  you can start accumulation  while you're also building  your emergency  fund simultaneously. Making use of the time is important  and not waiting  for anything  so long as you can without  affecting your personal  bill.

[Rockson1]

For me, I think it is about what you what but even though it is what you want, you should make wise decisions, it is not as if the dip is bad to buy Bitcoin, there are reasons why many Bitcoin investors kick against it, waiting for the dip to buy would've been the best strategy to apply in buying Bitcoin but since no one can tell when the dip will come, and how long if will last, there is no need to keep waiting for something you aren't that sure of and another thing is, keeping money, money is never our friends, one can decide to keep some amount to wait for the dip before they can buy Bitcoin along the line something might come up and once that money is been touched, that ends the plan, since  the DCA is available, one can continue to buy with his discreationary income and may be have a little savings to buy the dip by so doing, they have been able to act smarty instead staying idle waiting for something we don't have power over.

[Obim34]

It doesn't make you unserious, It depends on your kind of strategy. Buying during dips alone is another different kind of strategy, if you think buying only when the price is down makes you unserious, how about those who do lump sum buying, they buy whenever they have the funds without minding price at the exact time of purchase.

Firms and companies mostly use this strategy, but at most they do have reserved funds for dip buying and other forms of strategies, this is why i do recommend for investors to always multi-strategies when accumulating Bitcoin.

[kingstep]

It is in the place of an investor to decide what investment strategy he dims okay to implement.  a typical newbie will even want to buy when the price of bitcoin is down because they are likely buying with a small amount. while that might not be the best investment approach, it is still a safe place to start. The main investor that is unserious is the investor that plans but never execute his investment plan.

Everybody de work based on his pocket but waiting for a DIP leads to procrastination so you have to decide wether you want to procrastinate or to buy when the resource is available.

[Freeveto]

What I’ve come to understand and I’ll like to share is that, not every one that wait on the dip is considered unserious or has a trading mentality as many will say, for a beginner and/or a no coiner, waiting on the dip shouldn’t be a priority instead continuous DCAing should work better with a good result as long as folk have gotten discretionary funds to accumulate Bitcoin, going aggressive or whimpily should depend totally on the strength of your discretionary fund. As long as folk are consistently accumulating bitcoin during the dip, it’s also seen as buying the dip. The DCA strategy is multi- purpose

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.

Just like the DCA method of bitcoin investment, buying the dip is another method to accumulate or buy your bitcoin, the forum is not against it in any way because as an investor, you chose the method that will be suitable for you to accumulate your bitcoin and not the method everyone or most people use.

The reason why the DCA method is encouraged is to give room for low income earners to also have a lifeline in bitcoin investment, they don't need to have big money before they will invest, and they can also use the little they earn to invest after settling their needs so that the bitcoin will be their savings, instead of holding fiat that might lose value before they intend using it.
But for investors with large portfolio, they can wait for the dip to invest since they have their target of accumulating bitcoin, and if the target is not met, they already have some bitcoin in their portfolio.
Therefore, investors that buy the dip and not unserious.

[Wiwo]

When it comes to investment, the one with the money habe the final say to how and when is comfortable for them to make they entry into the market, sometimes is very important for us to make ourselves familiar with our personal observations feelings and guts.

So instead of depending on the advice of other's, you can as well take actions that will be very beneficial to your long term investment success.

Waiting for the dip before buying bitcoin is good, but you must know that not all the time such Waiting amount into positive outcomes.

[Princess Leah]

It is in the place of an investor to decide what investment strategy he dims okay to implement.  a typical newbie will even want to buy when the price of bitcoin is down because they are likely buying with a small amount. while that might not be the best investment approach, it is still a safe place to start. The main investor that is unserious is the investor that plans but never execute his investment plan.

Everybody de work based on his pocket but waiting for a DIP leads to procrastination so you have to decide wether you want to procrastinate or to buy when the resource is available.

Doesn't make it less of a mistake, in the right sense it not good because of volatility which makes it unpredictable, instead of waiting why investors buy consistently so they'll be in a position to witness different dips than waiting for them to occur. Hope you know that there's a difference between buying the dip and waiting for the dip before buying.

 This one no be pocket something my dear, cause pesin pocket no stop am from being consistent, I like ass you admit say waiting for the dip be like procrastination cause most times when dip come instead those kind people to buy,  dem go dey expect the market to drop lower, the truth be say dem go dey expect perfect dip but nothing like that.

[BluebloodCXVI]

Well it depends. If you’re sitting on idle cash and delaying your investment just because you’re waiting for the market price to fall then you’re definitely unserious because to time the market is a very difficult thing to do, you can only speculate but you can never really tell the direction in which the market might go and you might miss a handful of the strong market days which can make your long term returns to reduce.

But on the other hand, if you decide to keep a good amount of money on the side to buy the dip whenever it comes but you’re still consistently investing using DCA then it might not be a bad idea after all; as long as you’re not sitting down on idle cash or delaying your investment.

[Mhizlove]

You as an investor has the choice to make whether, you will accumulate bitcoin with DCA or wait for the dip, it all boils down to your preferred method. For me, I love the DCA method of Bitcoin accumulation because it gives you rest of mind and consistent increase in your bitcoin stash overtime. Don't wait for the dip forever.

Honestly, I will say that waiting forever for the perfect dip can make someone miss  good opportunities, most especially when you can't predict the market all time or consistently. So DCA helps in keeping you focused on long term goals and also removes alot of emotions when investing. At the end, what matters most is consistency rather than trying to time every market movement accurately

[Silikiem]

You as an investor has the choice to make whether, you will accumulate bitcoin with DCA or wait for the dip, it all boils down to your preferred method. For me, I love the DCA method of Bitcoin accumulation because it gives you rest of mind and consistent increase in your bitcoin stash overtime. Don't wait for the dip forever.

At least for a serious investor even though you’re waiting for the dip to come, one can still try to be buying gradually with a discretionary income since the DCA is there to enable investors to buy bitcoin at any market price. For sure, everyone will be happy to buy bitcoin at a very reduced price but then since bitcoin is very unpredictable and highly volatile, you wouldn’t want to spend a whole year or more waiting for a preferred dip to buy which you’re not sure of when it will happen because even if the dip is currently looking at us, most persons still have a preferred dip they are waiting for and there’s a high chance they might not get this preferred dip before the market goes up again. A wise investor will not fold hands doing nothing just waiting for dip to occur, instead he will be buying gradually with the DCA from their discretionary income and hold and when the dip finally comes they can buy more from their reserve funds.

[Versatile_choice]

It depends on the situation, of course there's a certain stage you would get in your bitcoin accumulation journey, you will feel like trying other strategy and that should be when you have achieve your investment target, maybe you just figure out that you still have some discretionary income, At that point you can decide to continue DcAing or you wait for dip to happen before investing. While those that have not achieve Thier investment target and have chosing to buy every dip is said to be unserious, although we have every right to decide for ourselves on what to do, the strategy that will  be suitable in our accumulation journey. but I don't think if buying the dip is the best strategy as a beginner.

[Cryptomultiplier]

When it comes to investment, the one with the money habe the final say to how and when is comfortable for them to make they entry into the market, sometimes is very important for us to make ourselves familiar with our personal observations feelings and guts.

So instead of depending on the advice of other's, you can as well take actions that will be very beneficial to your long term investment success.

Waiting for the dip before buying bitcoin is good, but you must know that not all the time such Waiting amount into positive outcomes.

A good trader knows how trying to time the market is always an ineffective strategy and that's why it depends on ones discretionary funds strength persay.
The disciplined approach always remains to manage your funds efficiently after sorting out major primary and secondary bills before buying Bitcoin to hold at any time, instead of waiting for the dip as an opportunity to buy.
One can adjust a DCA strategy to fit the current dip or pump of the market and still have enough funds for their other expenses as a major play of risk management practices.

[Sticky Bomb]

Lately I’ve been going through lot of post debunking waiting on the dip before accumulating bitcoin, it all has a regular writeup about how the dollar cost strategy (DCA)

DCA means Dollar cost average and here we are in Nigeria, so if we are buying with  naira, then we are obviously doing Naira cost average (NCA).

What I’ve come to understand and I’ll like to share is that, not every one that wait on the dip is considered unserious or has a trading mentality as many will say, for a beginner and/or a no coiner, waiting on the dip shouldn’t be a priority instead continuous DCAing should work better with a good result as long as folk have gotten discretionary funds to accumulate Bitcoin, going aggressive or whimpily should depend totally on the strength of your discretionary fund. As long as folk are consistently accumulating bitcoin during the dip, it’s also seen as buying the dip. The DCA strategy is multi- purpose

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.

Investors can both DCA and buy the dip at the same time, as simple as setting aside 10% - 20% of your normal buying amounts to buy dips would see the investor continue his DCA without interruption and when he stumbles on a very pleasant dip, he would retrieve his saved amount and lump sum on the dip, thereby combining the two

[Sammye3]

As an investor, the price of bitcoin should not be a challenge to accumulating bitcoin. There is no best entry for any bitcoin investment as the best investment strategy would always remain DCA because it does not wait for price to dip before purchasing. At every single point,  DCA strategy works and would remain profitable over time.

You could say any investor who waits for bitcoins price to drop before investing is not actually an investor but a short term trader. One that monitors the market for little movement to make an entry and exit move to secure quick profit.

[Agbam]

Greetings to my fellow Bitcoin Enthusiast…

Lately I’ve been going through lot of post debunking waiting on the dip before accumulating bitcoin, it all has a regular writeup about how the dollar cost strategy (DCA) can make your Bitcoin portfolio grow as long as folks are:

1. consistent with their weekly or monthly Bitcoin accumulation.

2. making sure that as an investor, you don’t go beyond your basic needs just to accumulate Bitcoin and using only your discretionary income for Bitcoin investment, making sure.

3. Saving up emergency funds as a cushion in the cases of extreme time and/or emergency.
All these are basic we’ve come to understand that folk shouldn’t go against in order to have a stable portfolio.

What I’ve come to understand and I’ll like to share is that, not every one that wait on the dip is considered unserious or has a trading mentality as many will say, for a beginner and/or a no coiner, waiting on the dip shouldn’t be a priority instead continuous DCAing should work better with a good result as long as folk have gotten discretionary funds to accumulate Bitcoin, going aggressive or whimpily should depend totally on the strength of your discretionary fund. As long as folk are consistently accumulating bitcoin during the dip, it’s also seen as buying the dip. The DCA strategy is multi- purpose

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.

Know that as you have decided to invest in bitcoin you have the final say in what strategy you wish to accumulate Bitcoin depending on your financial situation.

Why waiting for the dip is discouraged is because it delays your getting started and most times you might FOMO and buy on a higher price than when you initially started waited thereby missing the opportunity.

As an investor you actually have no business trying to time the market unless you’re looking to just make quick profits and exit the market so that’s why a lot of people associate waiting and buying the dip to trading. Most people who do that, sell when price pumps.

[Juicyhome]

It's a wrong approach in bitcoin investment,  every opportunity you have, buy bitcoin don't wait for any dip, bitcoin is still at its early stage, what one should learn know about this investment is the ability to hold for long and not to wait for dip. As an investor every dip is an opportunity to buy,  waiting for bitcoin to fall is a wrong timing.

Is only unserious investors wait for a dip market,  a smart investor buy all the time and hold for long,  because that's the only way you can benefit from bitcoin investment and not when you wait for dip to buy, if you're one of those that wait for dip before you invest in bitcoin it will fail you. think like smart investors.

[Derekfunds]

You as an investor has the choice to make whether, you will accumulate bitcoin with DCA or wait for the dip, it all boils down to your preferred method. For me, I love the DCA method of Bitcoin accumulation because it gives you rest of mind and consistent increase in your bitcoin stash overtime. Don't wait for the dip forever.

Honestly, I will say that waiting forever for the perfect dip can make someone miss  good opportunities, most especially when you can't predict the market all time or consistently. So DCA helps in keeping you focused on long term goals and also removes alot of emotions when investing. At the end, what matters most is consistency rather than trying to time every market movement accurately

Waiting is not really a good idea when it comes to Bitcoin investment because a lot can happen in just a day or period of time and believe me there are some things that can not be reversed or gotten back that is why we are supposed to take advantage of any opportunity and stop waiting before we start accumulating. Bitcoin is a volatile asset and the price can not be monitored or predicted correctly that is why traders only try their luck. The DCA method is a very interesting strategy of accumulating Bitcoin and it was this forum that help me....