Topic: Buy the DIP, and HODL! - page 86. (Read 77802 times)

Waiting is a waste of time, when you can get started immediately, because you will be limited to the quantity of bitcoin that you you are suppose acquire when you start choosing when to start investing. Time wastes for no one, likewise bitcoin price too. This is why it is good for a beginner to start investing in bitcoin when he has the money and he is prepared for it, irrespective of the price of bitcoin as long as he has a specific amount of funds that he as assigned for his regular DCA weekly or monthly. This is why an investor must plan for a long term goal so that whatever price he buys bitcoin even at the current price of 56k, he will make good profit at the long run.

Bitcoin price shouldn't be a barrier for you to start investing because you don't have any bitcoin yet, and even people that are still in their accumulation stage should continue buying, because their is risk in waiting at a point of time, due to the pump in bitcoin price. Waiting will slow than your bitcoin journey, and also keeping your bitcoin portfolio stagnant, if you have not reached 70% of your bitcoin target or your maintenance stage. This is why new investors and low coiner should also prepare for the UPity of bitcoin price and not only the dip. This is why the DCA method is there to enable us buy bitcoin at any level of price, as long as you are consistent and persistent with you regular purchase to increase your portfolio with time-line, instead of sitting idle and having false hope waiting, and limiting your chances or reaching the fuck you status in future, or close to it.

I don't really think that bitcoin is still in dip as long as the price is below the previous ATH according to your statement. Bitcoin can't be making new ATH every single day or week. A bitcoin is considered to be in dip when there is a sharp drop in price, due to high selling pressure, resulting to down trend in price movement. Right now we can't say that bitcoin is in dip, as there is a positive sentiment in the market. Even while the previous ATH is yet to be broken, there is something called high high trend, if bitcoin is continually forming a high high trend, we consider bitcoin to be in bullish trend and not dip.

With the current increase in Bitcoin prices, many people are happy because they can see the increase in profits they have collected from the DCA method. Those who are just starting out can't see the benefits yet, but they shouldn't be sad because they can see them too.

Today, people who have not yet invested in Bitcoin are too late to realize its price increase. They may still invest in Bitcoin but must remain patient because Bitcoin still has a long way to go.

The DCA method can still be used for now, even though the price of Bitcoin has now reached $56k and even $57k. And it's okay if they still use small money for their investments because investing in Bitcoin still uses the money they can afford.

well, in this context  of buying the DIP,  Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier,  the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the  current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Some will still join the market during an higher bullish period of say maybe the next seven years and let's assume the price has gone as high as $90k+, looking at the price from a short term perspective might seem a bit discouraging  to make an entry at that price but for someone joining the market at that time that can't reverse the hands of time back to the current $57k price of today, he is still good to go with that price as long as he is willing and able to hold for the long term and so that current price he meets it and he had the r source to start his Bitcoin accumulating journey is definitely the best time to start.

It is indeed a terrible situation with a compounded risk. The terrifying part is that many of these shitcoins have died, resulting in total loss of funds to those who bought them thinking they were making smart investment. From this article in Coingecko, 50% of all cryptocurrency they have listed since 2014 have died, meaning they went into extinction resulting in total loss of funds of those who bought and held them. If this does not scare anyone, it does scare me a lot when I imagine how painful of losing one's entire asset to shitcoins. 

It is somehow difficult for a shit coin investor to avoid greed because they got into such investment due to hype and the desire to make outrageous profits within a very short interval of time. This is actually greed in practice. Without greed, it is easy to see that Bitcoin is enough if you actually put into consideration the advantages it has such as being reliable, larger user base and having withstood criticisms and other negativities.

Applying the DCA method for shitcoins is just like working hard/smart but in the wrong direction,  a total waste of time and energy. Most of the shirtcoin enjoy initial pumps which is a way of attracting new people into the scheme before they are eventually dumped while some do not enjoy pump and die as soon as they get listed in exchanges.

Investing in shitcoins is same thing as gambling because you are likely to lose all your money when it goes wrong. Why then should someone take such risk when Bitcoin is there?

According to data from coingecko today there are 12906 coins included. How can an investor ensure his profit by investing in so many coins? Bitcoin is the only cryptocurrency that is completely different.

There is a big difference between a Bitcoin investor and a Shit Coin investor. I saw a friend who was a holder of Shitcoin. He cannot control greed at all. He has invested in some shitcoins in hopes of more profit that shows a different picture of his coins when the market is in a pumping movement. He has been holding sheet coins in his wallet for over a year. But if he had kept all his money in bitcoins since then, he would surely have multiplies his investment today. Even if he did DCA, he would have turned out to be a relatively large holder of Bitcoin.

Investors must keep in mind that Bitcoin is a well-established and widely recognized coin. Both its appearance and value are known. Its founder Satoshi Nakamoto, not a scammer. The value of which will continue to increase in the long term, although the market may correct due to various reasons. It should be considered as a permanent asset and not for temporary gain.

A major difference between bitcoin and sheet coin is that bitcoin will be a great asset to an investor in the long term whereas sheet coin or gambling coin will lose in the long term which has many examples. Many of the coins that are there in the last bull market have disappeared.

The decision to accept the good and the bad is the investor's. He has to decide what state of his wealth he wants to see in the future. When looking at long-term asset value holding and future potential analysis, there is certainly no alternative to holding Bitcoin.

It is likely that we will have some kind of a meaningful/significant correction prior to breaching $100k, but it is not a condition precedent. .meaning that it is not a prerequisite that we get meaningful/significant correction prior to breaching $100k... and also getting above $100k does not mean that we will stay above it, but it also does not mean that we have to correct back below it... .. even though it would be quite surprising to NOT have a least a few runs past $100k and crossing over a few times prior to getting above it and staying above it and then maybe coming back to challenge it later down the road.. and none of those waves are guaranteed as to how much UP we necessarily need prior to a correction and how much buy support is able to keep up with UPwards price movements, if they are going to continue.


You cannot really know, but yeah, sometimes you will be negatively affected by having had decided to front-load, but you could still have a back-up plan that allows you to continue to buy, even if the BTC price moved against you... There are times that the BTC price goes up and it never corrects back down, and so guys who front-load at those points are well served, but they cannot always know how their BIG play would turn out.

Think about anyone who bought a decent amount of BTC in late 2020 (between $9k and $14k).. the BTC price had already recovered from a $3,850 bottom from March  so the price was in the 2x to 3x price territories above its then low, and if they front-loaded their investment, even though the BTC price was relatively high, they would have done quite well, even when the BTC price corrected back down to $15,479 in late 2022, those lower prices have so far never been revisited, and I surely am having doubts that anything below $25k is ever going to be experienced again... and opinions can differ and also time will tell if such lower prices will ever be revisited, and we cannot even be sure about where we are at right now.. so we should be attempting to prepare for either direction, but there still could be guys who have already front-loaded in the $38k to $45k prices, and there could be some guys considering currently about whether or not they should front-load at these prices, which may or may not end up working out positively for them,

and not everyone even has options to front load, because you usually have to have some level of extra money that goes beyond your regular DCA and maybe even some kind of a lump sum could be possible, and sometimes people will come up with ways to raise money in order to engage in front-loading, which may or may not involve leverage (and I surely don't recommend leverage in terms of basic techniques, but some guys will do those kinds of things and their actions may or may not end up paying off.. and usually it is better if you are going to exercise that kind of a technique is to have abilities to keep buying if the BTC price moves against them, meaning if it goes down rather than going up.

By the way, your mentioning of the BTC price going down to $20k and stay there is quite unrealistic, but it would not be as unrealistic to go down into the $30ks and stay there for a decent amount of time - but at the same time, we have so much damned ongoing buying pressure that it seems a bit problematic for those negative themes to play out, even though anything is possible. and maybe right now going into the lower $40ks is even starting to seem unrealistic, even though there could be some scenarios in which lower $40ks and even into the $30ks could play out.. but gosh it is seeming that the chances for less than $30k bitcoin is starting to seem quite fantastical except maybe either a flash crash or if there were some kind of real BIG surprise event (like a blackswan.. and yeah, blackswans do happen, even though they are not very common - or they shouldn't be).


Those kinds of cushions can make BTC HODLers feel real good, and if they are not selling, then that could either be described as paper wealth or even can cause the wealth effect.. to make people feel more wealthy than they are, merely because their investment (BTC in this case) is decently in profits.


Of course, we would like to lower our average cost per BTC, but I am not sure if it is a very good idea to get overly focused on that metric.

Usually when I think about front-loading, I usually try to consider the extent to which any of us is adequately prepared for UP.  So you front load in order to prepare for UP and to prepare for the possibility that you might not be able to get BTC prices at these prices in the future.  How much you front load is another story.

When you are talking about various points that you would want to buy on the dip, I don't consider that front loading, even though you could be saving large amounts for that, but you are instead structuring yourself and/or holding back some of your money in order to buy on the dip, if such a dip happens, and so a risk is that such a dip does not happen, so in that case, you have to be ready to live with the price going up rather than down and the dip that you had been waiting for does not happen, so you are unable to use those funds that you made available for buying on the dip.

In the end, you can call the money whatever you like, even though I consider front loading money that you have right now. and you are considering buying right now to prepare for up.. .and yeah, you might have done that in the past, but once you had done it, then your subsequent buying behaviors and plan might get somewhat structured around actions that you had already taken.. which might cause you to be less anxious if the BTC price moves in your favor and causes you to be more anxious if the BTC price goes down rather than up.

So yeah, you are always going to have those three categories of funds of DCA, buying on dips  and front loading.. and front loading will only come available if you have extra money come available. .otherwise you are just allocating to DCA and buying on dips...and yeah, if you choose large DCA or small DCA then that is going to result in your having had prepared more in one direction or the other.. lower DCA then you are preparing for dips and larger DCA then you are frontloading.

So those that haven't invested in bitcoin is not too late to hop in and start accumulating. Just as @moreno233 said now we have the chance of getting it below $100k, just like those who where opportune to buy bitcoin below $10k or below $1k . And sir @JayJuanGee mentioned something in one his previous reply, saying now is still an early stage in investing in bitcoin. Which addup in my inspiration to bordly accumulate more quantities of bitcoin this time around till I hit my bitcoin accumulation goal (in long-term investment). Because soon enough you would no longer see bitcoin around the price range of $30k or even $50k+ . Same as you can never see bitcoin around $1k or $10k again May be by that time bitcoin would be ranging from $100k+ and above. So stop delaying and start accumulating, though it won't be a easy ride because during the journey of accumulating they would be decreased and increase in price that you would need good principles to be able to hold on and don't worry this forum and the  thread would help you with that.  

Then I think over frond loading has its own side effects, let me say I front loaded now that the price is at 56k up to 50% increase of my normal allocation then the price starts going down to 20k and sits around that area for up to a year, and I ended up not buying enough bitcoin at those other lower prices to cover up my average buying price, then I think my front loading has a negative effect on me, but that's only if I stop my DCA buying cause I'm sure I would cover up and balance later, but for this example l would use a year buying average.

But if I front load at a lower price of 35k or 25 ealier, or let's say I did start my investment with a front load of that same percentage and the price later soares above up to 56k then my buying average would be lower and a little to my advantage.

All I want to understand is, is it advisable to front load at specific price that are lower than the last months ATH, let me explain it better,

Let's say last month all time high was about 40k, and it's all time low was about 35k or 20k, then it happens that in the next month the price falls a little lower than 40k tonabout 36k or 37k, do you feel that front loading on those kind of price changes would be a kind of good approach to reduce my average buying monthly cost even more.

I know well about the risk that the price could still go against you, and I should be ready for that.

It was well said by JayJuanGee there is nothing controversial in the statement. These ideas are based on the principle of compound interest, which has been proven to be one of the best money hacks that you may come across. Imagine investing in bitcoin for years and allowing your money to make money for you while you sit and do nothing. And after some decades you go back to your portfolio to reap the benefit of being a potential investor and hodler.

Investing begins with a decision, and you have to make that decision one day, regardless of the price. There is no asset that is being invested in that started with a huge value. The bitcoin price was so low that nobody cared about it at the beginning. It was growing, and some people felt the need to buy it or value it, while others neglected it until it reached the price it is now. Bitcoin cannot go back to the value it all started with. And it will surely gain so much value that 57k would be like a dump for bitcoin. That is when it reaches 500k which is very achievable. It may not be now, but it will happen.

People neglect this fact of time wasted can not be recovered and missing the chances of buying from the DIP, may only amount to purchasing in a much higher price. It becomes a matter of buy now or buy later with a much higher allocated funds and getting lower amount of Bitcoin. Many people are already speculating the price of Bitcoin to hit a minimum of $100k, so who knows the actual possibility of it happening, it all indicates we running out of time to maximize our profits from investing now yet below the ATH.

You are seeing it from the angle of motivational speakers instead of facing reality. The statement is not supposed to be difficult to understand neither does it mean you have to dwell in regrets for not buying yesterday. Rather it is simply saying that the more you delay buying Bitcoin, the less the opportunity of getting it at lower price is. Some people got Bitcoin when it was below $1k, some got it when it was below $10k, those are the people who bought yesterday which was the best time to buy. Now we have the chance of getting it below $100k, the second best time to buy so the question is are you buying now or waiting to buy at post $100k? It will surely get to that price in a matter of time so we have to use the opportunity we have now wisely.

If you see a big cycle or a significant downturn in 2022 then you can calculate what opportunities you have at that time. Well, I always give advice to eliminate doubts when you press the buy button. All of this has been proven now where many of them regret delaying their purchase. So what we want now is a big pump and this is not all because of timing but it is time for us to witness Bitcoin record a new ATH.

Every time is the right choice to continue accumulating Bitcoin because if it is a long-term target then there are no words to interpret the price when making a Purchase. Continuing to buy and doing it according to the plan that you have set is certainly better than continuing to postpone the purchase. Well, I say that the DCA Strategy is quite effective in finding the cheapest price because of our routine of continuing to buy bitcoin from stage to stage.

I don't really understand what you are saying but what is clear for now we continue to buy bitcoin because we are still quite early in a long-term investment. For this reason, we have nothing to think about other than continuing to buy and hold. So, if you say there is a risk, of course it is there, but you should know that if you hold Fiat, that is also a risk, isn't it?

Lol that's actually true, such statements mostly use in shit coins . We all know that bitcoin has it's own Risk but to me bitcoin is only consider risky to those who normally focus on short-term profits. But when holding bitcoin ( for long-term) as same time you're minimising the risk in investing in bitcoin, because bitcoin is actually more safer to invest on than those  shit coins that are damn risky . So when you have good principles towards bitcoin, you would secure a smooth and safe investment.

For instance those that bought bitcoin during its ATH. When it was around the price range of $60k, bitcoin undergo a great dip and alot of investors mostly those who are in for short-terms profit endup selling their bitcoin due to fear or thinking they have cut Their losses. While those with good principles and with the mindset of long-term investment keep on holding and accumulating more quantity of bitcoin with bitcoin accumulation strategies like DCAing. And hold till now, and now we can see that bitcoin price is around the price range of $56k with a small difference of hitting $60k and such users that kept holding their asset would be in a great and nice profit now due to the DCA strategies and other strategies use by the user in accumulating.

Yeah I thought of it too but I choose to write it that way because I believe  yesterday  is a past which can't be reversed so all chance given by yesterday are gone.
However, today offers a new chance  for who are willing to take it and which might be better than tomorrow because no one can predict tomorrow,  I had to cut out yesterday  and replace it with today as today will later becomes a tomorrow  

In the context of bitcoin, it is designed to pump forever.

So if you are anticipating an end date to bitcoins pumping, growth and even ongoing building of its network effects, then you probably do not understand bitcoin very well. 

If you think about network effects in light of Trace Mayer's outline of the topic, its a way to talk about adoption in terms of various angles of growth but also that network effects build upon each other and as the network effects grow, the asset becomes more and more valuable.

There should hardly be any expectation that bitcoin is going to even be close to mature in a couple more cycles, even though maybe we could speculate that it could take 50-200 years.. .. and yeah, there could be sparks that cause bitcoin to be adopted more suddenly in gradually and then suddenly kinds of scenarios, but it is also difficult to really figure out how the various legs of the journey will play out since there are knowns, known unknowns, unknowns and unknown unknowns.. and sometimes when the unknowns become more known or knowable, then at least better prognostications can be built from those points forward... but it is not like the process of growth ever ends, including something like a protocol layer kind of a system, like bitcoin that also allows for both the programing and the transfer of value (in a digital form) without permission.


That is bullshit.

We are either in a bull or a bear.. we are not in both, and yeah we might not know which one we are in and also we might have large corrections while we are in a bull market, but that does not take us out of the bull market.. and so sometimes we might not realize that we are no longer in a bull market or a bear market until much later.. . .and then it can be difficult to determine when we have transitioned from one to the other.. . but don't be throwing around the terms too loosely, otherwise you overly create confusion.

For example, we were in a bull run from about early 2019 until late 2021, but we did  not realize that we were in a bull market until about May 2019.. and including that some people might have gotten confused about whether we continued to be in a bull market in late 2019 and even in early 2020.. but they were likely sloppy in their language if they are calling that we went from a bull  to a bear to a bull to a bear and then back to a bull, when largely we were in a bull market the whole time..

From about early 2022 to mid-2022 we were in a bear market, but we might not have had realized it until about May 2022..

From about early 2023 we have been in a bull market, and some folks might have gotten more confident that we were in a bull market as of mid-2023, but it probably was not clear until around November 2023-ish..

When will be the next bear market?  who the fuck knows, but I would presume that we are in a bull market  and that we are likely going to continue to have various corrections along the way.. but those corrections are likely not going to take us out of the bull market, and this bull market could last one more year or it could last two more years... so we might not know or realize that we are out of the bull market until several months after the peak, and we also are likely not going to know the peak either, even though people do play those kinds of games, which may or may not be good for either your psychology or your actual ability to mostly hold onto your BTC.. depending on where you are at in your BTC accumulation journey and if you have enough BTC or if you might have too much BTC. which surely gives you more options if you have too many BTC.. and some folks believe that you can never have too many BTC, such as Michael Saylor.. hahahahahaha.. he is a bit of a psycho, but there are  others who think similar to him, and it is not completely crazy to have such thoughts about how to manage your BTC once you get to a point of relatively large levels of accumulation.

If we go by your January 2022 forum registration date Dunamisx, as a potential proxy for when you might have gotten into BTC,  sure it is possible that you could be at a state of overaccumulation, but difficult to automatically expect something like that, but two years it is possible.  In my own bitcoin history, I had felt that I had gotten to a point of overaccumulation in a bit less than 2 years... I am not like Saylor in terms of seemingly maniac focus on BTC accumulation (that might might make sense for his situation, including his business objectives), even though I agree with him about a large number of perspectives about bitcoin in relation to other assets.


I am not sure if that makes sense. 

Yeah there are some guys who say that bitcoin has been in a bull run since its beginning, which also seems to miss the obvious 4 year cycles which largely end up being 3 up and 1 down for the last 4 cycles..

I surely am not suggesting that past patterns are inevitably going to repeat, but there is some value in terms of looking at trends that might last 1-2 years or more.. .and don't get too caught up in shorter periods and also don't get too detached by too long of a period.. .. so there seems to be some value in terms of both living with bitcoin and attempting to interact with it... even if some folks might have different portions of their BTC stash that they treat differently.. and some portions might be long term storage, other medium term storage and other portions might be used for trading and/or spending.. and the more BTC that you have, the more flexibility that you have in terms of both defining your stashes and also managing your various kinds of BTC stashes with some amount of flexibility and optionality providing.
 

That's true.  BTC's volatility is one of its attributes that is most likely inevitable for at least another 20 years, and perhaps for 50 years or more. 

Some people like to attempt to consider BTC as becoming more stable and mature and blah blah blah, which sure it is moving in that direction, even though in its current state bitcoin is neither mature nor stable... so we should not be getting lulled into bullshit and inaccurate frameworks that try to describe bitcoin in ways that it is not.


There is some truth in what you are saying, especially for anyone who is either early in their BTC accumulation journey and maybe anyone who might have been dollar cost averaging.. even over less than 5 years.. especially if their DCA amounts might not have had been large (even if they have been consistently attempting to be as aggressive as they can be within their own financial abilities).  It can take a while to get enough BTC, and if you do not have enough, you likely are not in a position to really play any other tactic other than just ongoing buying... .. yet at the same when the BTC price is going up people get nervous about their ongoing buying, even if they have already concluded that they don't have enough and they have concluded that they are not sufficiently prepared for UP from here.


Actually as long as anyone has been consistently buying BTC, it would not matter what price he started at, even if they started at either of the 2021 tops. he is going to be in profits, unless he front-loaded too much at the top and then did not buy enough to bring down his average cost per BTC in the last 2-3 years.


That is called front running.. and nothing wrong with that.. even though you still have to be prepared for the possibility that the BTC price could end up moving against you.  We never know with these kinds of things, even though it does seem that there is a lot of evidence that there continues to be a lot of UPwards pressures on BTC prices that is likely to last for several months and maybe even through this whole year.. .. but at the same time.. we cannot always know.. so we just do our best to prepare for anything while realizing that the ONLY way to prepare for UP is to make sure that we have as many BTC as we are able to have.. .. but if we are not planning on selling for 4-10 years or more, there may or may not be any advantages in overly stressing our finances in order to acquire such BTC and/or to attempt to front run anticipated BTC price moves.


There surely is some truth in that... but we also have to be careful in terms of overly relying on patterns of past BTC price movements.


You are missing the expression, which is the best time to buy was yesterday, and the second best time is today..

but yeah, many guys actively participating in this thread likely already realize the value of getting the fuck started rather than waiting around.. and sometimes it can be more difficult for those who are just coming into bitcoin to get started and there can be worries when buying while the price is going up.. but there is still a dilemma.. because the price may or may not come back down.. none of us really know, so each of us has to figure out for ourselves in regards to how wee want to deploy our cash and whether we want to hold back with some of it.. which tends to be a bit easier the longer that we have been in.. so it is likely to be easier for the guy who had been buying the last 6-12 months as compared to the guy who just started buying in the last month or 2 as compared to the guy who is just setting up an account today who might not have had made any purchases, yet.


You seem to be bordering on trying to describe trading rather than long term investing.

Yeah, sure it is better to be able to buy as much BTC as you can, and it is better to be able to buy BTC at a lower price, yet in the long run, the long term investor might not need to be thinking about whether he has 30% or 70% profits, because it could well end up being the case that he is waiting for a longer period, and whether his holdings are profitable (and meeting fuck you status, for example) due to appreciation of the asset or due to ongoing aggressive investing, the person may largely just be aiming at increasing all of his investments until he reaches a state in which he has more options and is able to start to potentially live off his assets and to say goodbye to having to do certain kinds of work that he would prefer not to do.. but to have options can take years and years and years, rather than being concerned about short term profitability of his BTC holdings.

Don't get me wrong.  It surely feels good to be in profits, and so some of us might spend a lot of time with our BTC not being in profits and then little by little the increase in value and become more and more in profits, but there also may be times in which they fluctuate between being in profits and not being in profits, but if we are not selling in the short-to-medium term, then we can either just continue to accumulate BTC or maybe even transition into a point in which we are not placing as much emphasis on BTC accumulation because we have assessed our situation and concluded that we largely have either enough BTC or more than enough BTC.


That is what shitcoiners say all the time, and they end up broke because many times they end up gambling rather than investing, even if they might think that they are investing, but they have such superficial understanding what they are investing into and maybe they do not have too many clues regarding what is the meaning or risk and how do you either assess it and/or establish sound practices in order to mitigate many aspects of the risk.. whether that is figuring out position size, or what to invest into  or how to manage personal finances (including but not limited to planning for income and expenses - as well as establishing emergency funds, reserves and/or a float)...

I also don't like investing in bitcoin on somebody's behalf. I don't want to lose my sleep unnecessarily because I invested in bitcoin on someone's behalf. I do same thing as you by sharing the knowledge they need to start their investment. Of course every investment has it's own risk and I understand that bitcoin comes with it's risks. One thing about investment is, without risk there is no profitability. But one thing we have to know about investment is this, "the higher the risk, the higher the profitability. So without risk there is no investment.

yeah you are right is still a good time to invest in Bitcoin (expecially those who are planning to hold for long-term). Well recently hit $57k and went back to price range of $56k. But those that invested early will have higher chances of making good profits ( most of us that have some quantity of Bitcoin are in good profit 😊recently) due to bitcoin recent price movement. And we all know that this just the starting so let's keep our DCAing on. Because there's still alot of breakthrough bitcoin got to undergo like reaching $100k+ and more.

You guys are still  getting it wrong, you guys should change your concept of what a dip is, a dip is any price under the last ATH of bitcoin and investing now is still a very good dip. Those that invested as low as 35k and you investing all of you bought on dip and what really matter isn't when you bought but how you hold, can you hold long enough to build 3nough compounding value on your portfolio.

In as much as your expression look some worth contradictory you sound more like a trader or gambler. however, attempting to time the market is never an ideal approach because you are exposing yourself to greater risk of creating an emotional unrest of monitoring the downward and upward trends of market condition. But with your dca method you can enter the market and make purchases irrespective of price and time. You can dca when there is an upward trends and buy wholesomely when there is a downward trends.

Although buying when there is downward trends can be great but however, it is not about when you bought but how persistent you are with your holding and make benefits from compounding of your invested value.