Topic: Don't wait for dip. (Read 278 times)

As a new investor waiting for a dip to happen before accumulating Bitcoin is a wrong approach to accumulate Bitcoin or someone that started accumulating Bitcoin 3 years ago shouldn't even wait for the price of Bitcoin to drop before accumulating as we all know Bitcoin is a long time investment if the money is available accumulate and continue to hodl for the future, the reason why waiting for Bitcoin to dip before accumulating a wrong approach is that you won't have enough Bitcoin in your possession, you will also miss more Market opportunities while waiting, what if the refuses to dip and keep rising you won't accumulate very wrong.
Meanwhile with the DCA strategy one can accumulate Bitcoin regularly irrespective of it's price weekly or monthly and continue hodling as long as your discretionary income is intact.

I believe the major drive for these attitude of investors towards Bitcoin is mostly ignorance and lack of knowledge. Many of them no sabi wetin them Dey do, their own na to do follow follow, anywhere them see people go, na there them Dey, anything them see people do, them don follow do. These set of persons I believe are called the blind investors, they rely on other to carry out investigation and research for them, as well as other heavy lifting, and then supply them with the information then they buy. Waiting for DIP isn’t really a bad or flawed approach, but only for those who really understand the dynamics of Bitcoin, because even when it goes dipper, they already know that one day, it’ll surge, so they keep on holding.
But when a person who knows nothing decides to copy the same strategy without fully understanding the underlying fundamentals of the strategy, they’ll tend to feel dismayed when they the price continues to DIP right after they’ve bought, they begin to panic, and that’s what mostly causes panic sales.

My brother, Bitcoin Investment is a safe heaven when it comes to Cryptocurrency, it's the best cause it offers low risk and very high chances of recovering lose due to it's long-term feature and some good method that helps investors recover lose, like the DCA you just mentioned. People who lose from Bitcoin investment are mostly Newbies who have little idea about what Bitcoin investment is about and would buy out of Fomo and panic sale over any dip, asides that I want to add that their are also people who boycott the concept of Bitcoin investment and decided to involve themselves in trading, yes cause trading is another way whereby people lose their Bitcoin and it's not even a part of Bitcoin investment. However if an investor buys and hodl for long-term then implement a good strategy like the DCA for a full circle and more then the investor shouldn't bother about lose and have a very high chance of making good profits in the future all it just takes is patience and discipline, that's just it.

Yeah you can invest anytime but there're people who've  lost  from investin so it's not like everyone wey don invest don achieve but most don archive... if we are to date back to the firt ATH this year i know most people will FOMO the buy and that will be the high and the panic sell when it was in the Dip especially when it hit the $48k zone, what I'm  i saying?? Anyone who is trying to buy BTC especially as newbie either waiting or buying dips(waiting for dips is bad though ) should consider it a long term investment and probablytrying the DCA to continueh is/her stack up ..It's not like I'm against your point, just adding to it to rephrase the "loose money" aspect because panic selling is common to newbies

E dey very wrong to dey wait for dips because if you be newbie wey neva get bitcoin for your portfolios u fit miss so many opportunities instead of you to dey wait for a desire dip before u go start to dey buy bitcoin u fit wait and it fit no happen.so e no good at all to just dey wait .no bodu wey don invest for bitcoin wey say e don loose money unless u are talking about shitcoin wey no get potential like bitcoin.

Waiting for a dip to happen before one can accumulate bitcoin is never a good option to adopt because you are not sure if a dip will happen today or tomorrow. As a newbie, it is better to start accumulating bitcoin with the DCA strategy, which will allow you to consistently accumulate bitcoin even if the price is increasing or decreasing, but if you are much concerned about buying the dip and you have enough discretionary income, you can divide your accumulation money into two parts and use one part to consistently accumulate bitcoin and the second part to buy bitcoin anytime a dip happens.

Yes DCA is considered the best strategy for investing. But everyone may have different investment strategies. Everyone has specific plans for their investments. Many wait for the dip season to invest, with the sole aim of buying at low prices and holding it for the long term. There are also many who do not wait for market dips i.e. they buy when they get an opportunity. These are the DCA strategy in their investments, the investors who adopt this strategy buy bitcoins in any market conditions, their goal is to buy bitcoin regularly and hold it for long term.

Bitcoiners in general are not advised to wait until the dip before they buy, the advise is not only for newbies, why it looks as if the advise is directed to the newbies is because they are new in the system and it's better for them not make the same mistake made by the old folks,  buying during the dips is not bad but waiting to buy then is not wise, Bitcoin is a continues process as such anyone that wants to invest in it should always think about the future not the present price which may stand as a stumbling block to any investor, there are many investment method which DCA method is one of the most popular among them all, this method is very efficient and reliable because it allows interested and prepared investor to buy at all time with the amount they can afford consistently and continuously without minding the price of Bitcoin at anytime, so waiting to buy during the dip doesn't make sense when you have the opportunity to buy at anytime even during the dip with this particular method.

If one decide to wait till the dip comes, what if it doesn't come as expected and perhaps you use the fund set aside for the investment for other stuffs that's to say you will have to either replan or start affresh when you would been into the investment for a long time, I think we should be wise when making decision about Bitcoin investment.

The DCA method is the best for any investor who want to start Bitcoin long-term investment, but it depends on how the person they earn, e get some people wey dey accumulate weekly and some people dey accumulate monthly. Moreover, it is not advisable for any newbie wey no get savings or well paying job should use a DCA method because people wey utilize DCA method, are those who accumulate weekly or monthly with the money that even in the case of an emergency, they believe they'll have extra funds to deal with the issue.

Normally, even you as well if you buy at dip e go sweet you when you see the price of Bitcoin they increase, but Bitcoin investment one does not have to wait for the price dip before they begin to dey invest, the delaying is dangerous. If one have to wait for price of Bitcoin to fall dip, some people will wait forever be that, it's either they should go and use the money to do other things rather than waiting for the Bitcoin to dip.

To dey wait for deep no b bad thing but the issue na id you go fit know when to buy na another wahala because u fit buy den later d deep go still go even deeper and u go loose plenty money again based on say you dey try make u buy dip, i feel say to wait after deep and early when deep don dey end na de best time to buy, you go make money like that.

Another truth is that it is very pointless and quiet unreasonable especially if one has less amount of Bitcoin in their portfolio and decide to adopt the waiting strategy perhaps the price we seeing today will as well be seen as a dip tomorrow so it is best we just buying when there is an investment money readily available and look forward towards what the future holds, even though buying when in dip offers buying Bitcoin at cheaper price compared to it's previous high but the truth is that the waiting strategy can be very unrealistic because the market is uncertain.

Exactly, my broda. I nor know why anybody go wait till now before dem wan begin buy, especially those wey dey here for dis forum. E don tey wey we begin shout sey make people buy and hodl for d bull run. Some go sey na money hodl dem wey make dem nor buy then. Anyway, anyone wey dey wait for dip now go dey on a long thing. Market sentiment now na dat of greed. Any FUD wey go make Bitcoin dip now gat to be a very heavy wan like sey Satoshi don dump im whole Bitcoin for market. Na dat type of news go fit do am for now. Otherwise, nothing dey happen. Hodl ur coin longer oh. Any fall wey happen now, na correction e go be. Bitcoin is on a bullish sentiment ATM.

You have made some important point, but i must say you don't accumulate reserve fund. You can only accumulate bitcoin through DCA strategy and set aside emergency fund to settle some circumstances that may have made you sold your bitcoin. Reserved fund is just like an amount left after you have set aside all necessary expenses just like a Savings account. You use reserved fund to buy bitcoin each week even though you haven't been paid in your place of work. And it can answell be used for feeding porpos. Jjst an amount that prevents you not to touch your bitcoin HODLings or your emergency fund.

The dip is an opportunity, just as you mentioned, and most people don't know the worth of buying the dip, and they will be able to buy for rainy days, and you can do DCA is a great approach, but people don't understand the value of purchasing the dip, which has been a tradition for years. So it's something that will benefit anybody looking to invest since you won't have to spend more money if it works for everyone.

This is alway more beneficial for those that are holding because they keep buying at a very low price then they sell eventually when the price is high then you sell to make things more easier, and I don't even buy the idea of buying bitcoin at a high price I don't really like the idea of buying when the price is already high, and that is why you need patience to be able to start benefiting from investing in bitcoin.

Normally, whether you are a newbie or a professional investor, it is not advisable to wait for the dip before you invest in bitcoin; you can do that at anytime because you are planning for a long-term investment. However, you can always have a reserve, and even if you have it, it should be for investment. All you need to have is another fund aside in case there is any emergency and you can’t use all the money you have to invest in bitcoin. 


Even if there is a dip, it is not advisable to just pack your reserve funds to invest in bitcoin. That way, bitcoin investment is a risk, so you need to be careful. Even if you will be using the DCA method, always invest what you can afford to lose. Don’t invest too much of your money because the market is in a dip. Regardless of the situation of the market, you can invest anytime you want as long as you are planning for a long time. 

Buying the dip na one of pattern wey we dey take buy bitcoin, and no be say na the only pattern, DCA still make sense wella since em dey help people wey no get plenty money dey buy bitcoin for slow and steady mode. E no really make sense to just fold our hands dey wait for dip make we begin package bitcoin for ourselves, we fit dey use DCA run am, still dey arrange part of the money dey wait for dip make we take package more quantity when em come.  That way we go take advantage of both periodic accumulation and still fit buy the dip when em show for the markets. That one go give us more stashes of bitcoin for our portfolio.

Na true you talk say the DCA na Sharp way to buy bitcoin, but if the person hold him side well, the person fit go for long-sum, that one na another way for you not to miss out as e go help you accumulate a significant amount in short period of time. I just dey wonder why person go dey wait for dip, if you no say you no too hold money, na to dey DCA small small dey go, waiting for a dip is waste of time, especially now way Trump don win election way BTC don dey go $100k.

Waiting for dip before you buy and accumulate Bitcoin is a wrong idea , since you are using the DCA method,you buy whenever funds is available to you because you don't know if the dip prize you are expecting will never ever come, therefore utilize the opportunity when available to you,as far as am concern everytime is a dip, because Bitcoin keeps increasing now every minute before you fall out completely.
For those that taught Bitcoin has crashed three to four months backwards when Bitcoin hit $70k and was dropping gradually lost hope and quickly sold off their asset, while some are expecting that it will dip below $40k so that they can buy,but did not today Bitcoin is $88k, and they are regretting it.

waiting for the dip before person go wan buy bitcoin na very unattractive idea shaa, but at this price wey bitcoin don reach omor it go depends on how much you dey DCA with for you to start the see better profit even if it gets to $100k. Except for any person way wan buy lumpsum right now na be the very best time wey new ATH just the make up every hour.

There are long term and short term investors, plenty investors no know the category wey them fall under. The major thing be say make you as an investor know the category wey you fall, so that you go dey kukuma dey do your things, so that when the price of Bitcoin rise or fall, e no go dey worry you because you don set yoursThere are long term and short term investors, plenty investors no know the category wey them fall under. The major thing be say make you as an investor know the category wey you fall, so that you go dey kukuma dey do your things, so that when the price of Bitcoin rise or fall, e no go dey worry you because you don set yourself.

If I tell you say Bitcoin fit dip back again to $15k you go gree? Anything fit happen to the price, na why e better to take profit anytime the market favour you, as na the most important thing as a trader, no waste time to collect gain first hold body or guide yourself first because the market no be chise one.