When it comes to purchasing the dip, it is not as horrible as it seems because there is a better way to do it than simply waiting for the dip; you may purchase using the DCA technique. And that is the most efficient approach to purchase and hold, and if you can demonstrate consistency, you won't have any issues when it comes to buying and holding. The DCA method is what most people know how to use, so you won't have to wait every time.

And for those who find it difficult to make purchases all at once, DCA helps you prepare and archive your goal of accumulating more money. In addition, you need to have a source of income and then have emergency funds. We should understand the purpose of having emergency funds because that way, you won't sell what you want because that is how it is supposed to be. Just consistency is what matters the most.

It's not that trading is a good option for someone who can't wait long. Rather, if someone already has a lack of patience, trading can make that problem worse. Because trading involves making frequent decisions and is more emotionally involved in short-term price movements. In my opinion, if you give advice, especially to a newbie, that "if you can hold it for a long time, then trade," it can be even more dangerous. Because his problem is probably not the market, he may have invested with money that he will need in a few weeks or months, or he may have entered with the expectation of quick profits. In that case, I think he should not go into trading, but instead reduce his investment amount, understand his own expenses and discretionary income well, and create a plan that is more reasonable for him that he can continue for several years.

 You can't give direct trading advice to a newbie. Because I clearly understand that trading can also cause losses to experienced people.

I don't actually knows your own definition of reserve funds, but I want you to understand that putting down reserve funds in place from your discretionary income while still accumulating consistently is not waiting for the dip as you think, because that reserve funds can be useful in the future, especially when their is a dip in the market.

Buying a dip or buying aggressively when the dip opportunity comes is never a problem as long as you are not waiting for it, because by waiting, you may miss a whole lot of buying opportunities that you should have bought and add to your stash, so it's never a wise decision to be waiting before buying, especially if you are a newbie or a no coiner that is just starting his accumulation journey.

Bitcoin doesn’t guarantee you to get a profit, the reason why i said that is because most people invest in bitcoin because they think by doing so they will make a good profit, bitcoin is not a place you can get rich, people invest in bitcoin for future, not for becoming rich in time, even though we invest in bitcoin because we trust it and believe that when the price is high we can make a good profit it doesn’t mean we should think about it because that is one of the reasons why some individuals start panicking when they see the price is going down, if you want to make a quick profit don’t think about bitcoin, there are many ways to make profit.

Indeed there's a chance for them to earn profits even if they are small investor. Since those small amounts they purchase would add up overtime and eventually they can accumulate decent volume in future, especially if they are consistent with their investment.

Also what important is they are eager towards focusing on their goals and they have patience to deal with many challenges.

If they can earn with their community engagement here or do other works outside of this platform then its good. Because they can use their extra earnings to fund their investment which can help them get more better result in future. Investment size does not matter here, since their strategy towards dealing with long term plans would help them reach their goals.

You are making a reasonable point @PhilosopherKing.

There are trade offs in waiting for the dip, even if a person might be deploying most of his discretionary funds for DCA and holding back some value for buying dips.

I am not against a duel strategy that allows for holding back value for buying dips, even though many guys tend to oversell it and act as if it is a superior strategy when it is not a superior strategy, especially when several guys may well be way better off to just make their decisions regarding how much BTC to buy every week and then perhaps they see how much they have at the end of the month too, and see if they have extra... and yeah, there could be some times that guys hold back some value to buy dips, yet they still need to recognize the trade offs  in terms of the dips may or may not end up coming.

Holding back value to buy dips seems to make more sense during periods that guys might find themselves with extra value, so for some reason they received a bonus or some other lump sum amount coming available.  So in those instances, they maybe had already employed their DCA, and then they have an extra amount that is available and they might want to buy some bitcoin right away with it and they are hesitating whether to use the full amount, so maybe they just use half and they hold onto to the other half and ponder over whether to invest, save and/or to discretionarily consume, and then maybe a dip comes, and they end up getting persuaded by the dip to buy some bitcoin with it.

There could be other times that buying the dip makes sense, especially with guys who may well be buying bitcoin consistently, yet there seems to be little to no reason to act as if there aren't any trade offs to be holding back value to buy dips that may or may not end up happening.


You are just making up definitions Barikui1.

If you are holding back value to buy the dip then you are waiting, even if you are regularly buying.

There surely can be several reasons that guys want to keep extra value in cash, and even hold back some value, so guys can choose to not put high portions of their discretionary funds into their DCA and then be unable to buy any more BTC, yet there are still trade offs when holding back value, even though some guys might find it as practical to hold back value and keep it in cash for multiple reasons.. maybe they are saving up for a vacation or to go out to eat or maybe to buy a new computer or a motorcycle/auto, and maybe after several weeks, there flexible reserve funds have gotten up to more than $1k, and then they end up satisfying their other needs and they still have $500 remaining in their reserve funds, when the BTC price suddenly dips.  They weren't holding those reserves specifically for the dip, but then when the dip ended up coming, they ended up being inspired to buy the dip with the $500 extra funds (in my example) that they had.

So yeah there can be multiple reasons that guys hold back value and don't buy bitcoin with it as aggressively as they could based on their own preferences, yet there is not just ONE way to do it, even though maybe we look at some guys and we might think that they would be better off to buy bitcoin with their extra money rather than some other way that they are spending their money or even that they are keeping too much cash in hand, even though those are personal choices, up to a point, until it might start to seem a bit illogical in terms of the extremes that some guys might end up taking that might not seem to be the exercising of good judgement, even though each of us is free to exercise our own judgement, even if we might sometimes come to conclusions that are inferior (even considering our own circumstances).

When we get down the road 4-10 years or longer and then we end up looking back at what we did and how much BTC we had accumulated, we may well have regrets about what we did, so in that sense, we likely have to figure out some reasonable balance in order that we do not end up having regrets down the road in regards to how whimpy or aggressive that we had chosen to be in the way that we bought bitcoin and the extent that we held back value for buying dips that may or may not end up happening.

 I agree with you that the success in bitcoin investment doesn't actually determined by the size of money invested at a starting, and that's what some folks or newbies put in mind that they want to start with huge amount. The facts is, bitcoin investment doesn't really need a huge capital for starting, start with the amount of money you can afford to lose, and the invested money should only be discretionary income. So consistency matters alots than trying to make a huge entry, the best is know how to manage your risk and learn along the line and then let your long-term Bitcoin accumulation goals grows higher, by exercising patience enough, then for the newbies, know how to control your discretionary income you put in, how frequent you do it and be able to identify whether you truly have the patience to stay consistent over a period if time.

What you said is right but I want to add that people should learn to invest what they can afford to lose, this is the mistake people are making that cost them their peace. If you invest small portion of your funds into bitcoin such that if profits does not come very fast, you will not be perturbed. Such style will also allow the investor give the investment enough time to generate profits. Bitcoin still remain one of the coolest thing to invest in as it gives the investor the opportunity to invest what they can since they can invest fraction and not compulsorily 1BTC. 

Much really better for newbies to build those habit and good structure on which they can actually maintain, not trying to find a perfect entry. Spreading out their purchases will give them those emotional stability then it provably help them avoid the chances of getting affected badly if market suddenly turns in red then there's a drop after they made an entry.

Using the portion of their funds up then follow it with their steady weekly accumulations, since this gives them better exposure also stability. Doing this he will have total control over their cashflow and their emotions to.

Bitcoin is well established coin and good long term asset to hold, this is the reason why if they stay disciplined, then calm if there fuds came and consistent it can help them to perform more better compare if they are chasing for those possible perfect moments.