I am somewhat trying to figure out ways to largely stick with the theme of this thread, even though personally I do believe in both supplementary practices, and even though you were the author of the OP of the thread, to me, you seem to have some difficulties in regards to whether you really believe in the OP of the thread, and sure you are free to change your mind.. that's for sure. I recall participating in a DCA thread once, and the author of the OP wrote a very good description of what DCA was and even seemed to advocate it, but after a while he was all over the fucking place, and many of us should realize that DCA has some underlying values in terms of applying to asset classes that you already have confidence in their fundamentals, so in order to be effective with DCA you should be continuing to follow and apply such principles.. in my thinking similar with buy every dip and HODL.. once you believe in the fundamentals of the asset that you are applying the concept/practice (in this case bitcoin), then in order to stay most effective with such practice, you should be able to continue to apply such practices rather than turning them on and off, and if you turn them on and off, they will likely become much less effective... especially if turning them off on a dip.. .. but then the million dollar question remains how much of a dip is enough dip.... which is never going to be exactly clear, either.. even if still believing in the fundamentals of the asset (in this case bitcoin).
The topic was created during the middle of a bear market, a time when none believed Bitcoin would surge back above 2017’s ATH. My mindset was Buy the dip and HODL, and be ready for that surge. Plus the dips during the lows of the bear market, and the dips during the highs of a bull market are not the same. A bull market is a seller’s market, a bear market is a buyer’s market. After the crash, the sentiment is starting to become bearish. Be ready to Buy the dip, and HODL.
I will agree with you that on April 17, 2019 we still thought that we were in a bear market, but by the time about mid-May 2019 came, many of us realized that around April 1, 2019 we had come out of the bear market.. so by April 17 we were already in the early stages of coming out of such bear market, but had not realized it for sure yet until we had a bit more UPpity BTC price action to confirm it.
“Many of us” still had negative sentiments, which explains why the market was not surging. It was the months before the halving during 2020 that many of us started to push for the narrative of PlanB’s S2F, which I didn’t believe because I thought it would already be priced in.
Of course, there are differences in BTC price dynamics in a bear market versus a bull market, but we might well not know which one we are in for a while, and then there are differing definitions and assessments regarding whether we are in a bear or a bull market.. and fuck traditional assessments when it comes to defining which one we are in.. because bitcoin is a bit of a unique beast, and should be considered upon parameters and the most convincing of BTC price prediction models that are currently in existence which are 1) stock to flow, 2) four year fractal and 3) exponential s-curve adoption based on networking effects and metcalfe principles.
So sure, you might dicker around a wee bit with your attempts to figure out whether we are in a bear market or a bull market, but if you are not adequately accounting for the prevalent BTC price models, then you are likely just living in a bit of a fantasy world in terms of whether you are assessing a bear/bull market.
Another decent concern is if you believe that you are in a bull market and you are buying in dips like crazy then surely the risk is that you got it wrong and then you likely have to wait 3-4 years just to get back to break even in accordance with the BTC buys that you already made.
So sure, there can be a few differing ways to attempt to adapt to subsequent assessments of where you might be in terms of bull or bear market. I otherwise stand by the assertions of my earlier posts in regards to some of the better practices of continuing DCAing and probably being a bit liberal with buying on dips and even considering that we are still in a bull market as I type this post.. but sure do as you believe is correct and time will tell if you have adequately prepared for UP when it happens.
I only want to buy Bitcoin in a fire sale. Simple.