that's right, I've been waiting for moments like this. for a long time holding bitcoin and several types of tokens and hopefully this investment will bear sweet fruit.

Unless you are in for the short term if not as a long-term investor, dollar cost averaging (DCA) this is because it will be of a great effort if you can take that journey of becoming a Bitcoin long-term whale, this is because in the next 2 years from now, bitcoin price is going to be relatively twice what it is right now and this is due to several factors such as the Bitcoin halving in 2024 and the sec policy on interest raise this and many more will affect the price of bitcoin positively.


So DCA at this time may not be the best decision unless you are a passive trader, who may still lose all the DCA profits in one trade, this is how trading works and what it has produced in the reality of things, that is why trading is thought of as a gamble and should be avoided.


Aside from that, holding Bitcoin at this moment is the best and this is a discount price already since Bitcoin touched 30k+ in the last week before its current correction mode.

Some people like to buy at the very top, when they see such an opportunity to take advantage of they will rather overthink the whole process and keep imagine to buy at the bottom.
They are probably waiting for 25k btc because a little bird told them so  , only the smart and wise will dca anytime btc dips.

Of course we will take advantage of this opportunity to buy when we get a downward moment like what is happening now.  where the golden opportunity that can be maximized is to buy at a low price and sell at a high price.

DCA is still our mainstay during a market situation like this, we enter in stages to get the lowest price this week. We will not waste a step like this, as the saying goes, when you have drawn a conclusion, it is a wise decision that you have made.

Unless you did not read me correctly, I made it clear that DCA is what I will do until the price dips more. Even if a golden opportunity to buy comes, it may not really be a golden opportunity. But I said I would DCA until the golden opportunity came, and I would still make use of the opportunity and buy more. If I am earning up to $800 a month, then buying $200 of Bitcoin or more every month should not be a big deal for me. Perhaps I don't have intention to sell sooner.

Also, I see that halving is coming up next year, but I am certain I may not even see a very tempting price to sell my holding, unless, as some people would advise, "it's good to sell some portion and take profit first." I don't know what @JJG has to say about that.

@JJG, sir, Is it good to sell a fraction of one's holdings when the market is too bullish and offers a very tempting price like $100k?

Yes, it is an opportunity though not so attractive as it was in November-22, with the price having dropped more than $3000 during the last week and currently trading at around $27,700. It appears as market may continue to experience sideways movement, and Bitcoin price may remain within a relatively low range for sometime until a break-up or break-downs occurs which usually happens after a period of sideways movement. Every significant dip should be considered an opportunity to accumulate Bitcoins for long term holding.

There's another significant DIP that's probably coming soon. Although the probability might be low, the pattern almost follows the same one that happened during 2019. How significant the DIP will actually be will be answered in a few months by the market. DCA, Buy the DIP - pick your weapon, both strategies are acceptable for the long term HODL.

Well what if a green candle comes prior to a red candle?.. even something like $40k or $55k prior to some kind of potentially severe crashening.

In other words, suggesting that down before up is highly-likely is ONLY half of the formula, and in regards, to the 2019 pattern, we are not in 2019, so the dynamics are different - which does not necessarily rule out more UP before DOWN..

Even if you look at the 2019 upwards price movement, the BTC price moved up right around 3.5x between April and June (From about $4,200 to $13,880) - and then pretty much gave up most of that gain for a short time prior to moving back up.. (but of course there was the lil March 2020 blip in there, too)... so in one sense the amount of UP in 2019 had caused the BTC price to come within about 30% of its December 2017 ATH of $19,666.... and so if some kind of similar principle were to apply to the amount of UP (or retracement of the earlier price growth), then we can see that 30% of $69k brings us right around $50k.. and even with all of that, it likely is a fools errand to expect too much preciseness in any kinds of price patterns - while at the same time recognizing that price dynamics in bitcoin are still not so different from 2019 in order to appreciate that those kinds of price moves (or that degree of price movement) is not really completely removed from the realm of reasonable and/or plausible scenarios..

......even while at the same time being careful in regards to how likely we believe any of that to be in terms of overly assigning that the BTC price might move in one direction or another merely because you feel as if it might move in a certain direction.. and hopefully at the same time (on a personal level) to have yourself financially and psychologically prepared for either outcome... and how you do that has been beaten to death in these here parts... which means that you have ONLY have yourself to blame if you overly prepare in one direction and then some variation of the opposite ends up happening.

By the way, bitcoin prices do not even need to reach new ATH in the next year or two in order to continue to profit from the likely ongoing asymmetric bet nature of bitcoin, and surely we do not have any guarantees about where BTC prices will go or how long it might take for BTC prices to get to some level in which we are feeling that we are profiting relatively on a personal basis.. and likely at minimum, a lot of us merely want to be able to have investments in which our odds are pretty decent that the value that we invest will hold its value and even better if the value that we invest can slightly out perform other kinds of investment opportunities that might be available to us.

Where are we going to put our value?  There are no guarantees in any place, so then it seems to remain a question of how much to put in which of the various places that are options available to us.  The more wealth that we are able to build, then the more likely that we are going to have more options, yet ever since the invention/discovery of bitcoin, there has been price performance that has beaten other options - even though of course, no guarantees that such ongoing outperformance is going to continue, while at the same time, there is no real evidence that bitcoin has become a less preferable (rather than a more preferable) investment in the past 14 years.. and even in the past 2-4 years... likely more obvious to some folks since March of 2020 that various aspects of Bitcoin's investment thesis has been growing stronger rather than either staying the same or getting any weaker.

I have my reservations. Look at the pattern between January 15 and March 10, then compare it with the pattern between March 18 and today. I believe we might find Bitcoin drop below $25,000 again for a short amount of time before a strong surge above $30,000. But it's merely a guess, just DCA + Buy the DIP bigger on significant price corrections.