As a bitcoin enthusiast is every dip worth buying?

[$weetne$$]

That's why the ability to manage financial resources is needed because in living life, it's not just about investment.
If someone does not prepare reserve funds for other needs, the investment will not go well because under certain conditions when we need money, we have to sell some of the assets we have.If market conditions are in decline, we will experience losses when selling these assets to meet our living needs.

The market condition will always be bad at some points that is why you need to have reserved funds that can do you for a long time therefore we should not be investing everything we have at a go. You might think that you are making the right decision by doing that but you are wrong. Every dip is worth buying but as you are buying, always keep extra cash to be capable of buying the next time that the market dips comes. Do.not wait for more dip before buying with the excuse that you do not want to buy now but later when the market dips more because, you might be waiting and the dip will never come when you want it to come. You might also make use of the money that you kept for buying the dips for something different when you keep waiting.

[Bushdark]

That's why the ability to manage financial resources is needed because in living life, it's not just about investment.
If someone does not prepare reserve funds for other needs, the investment will not go well because under certain conditions when we need money, we have to sell some of the assets we have.If market conditions are in decline, we will experience losses when selling these assets to meet our living needs.

The market condition will always be bad at some points that is why you need to have reserved funds that can do you for a long time therefore we should not be investing everything we have at a go. You might think that you are making the right decision by doing that but you are wrong. Every dip is worth buying but as you are buying, always keep extra cash to be capable of buying the next time that the market dips comes. Do.not wait for more dip before buying with the excuse that you do not want to buy now but later when the market dips more because, you might be waiting and the dip will never come when you want it to come. You might also make use of the money that you kept for buying the dips for something different when you keep waiting.

The US stock market is gaining momentum current and that's where investors are putting their money that's why we haven't seen a huge momentum in the price of Bitcoin. The Bitcoin market keep ranging with no specific direct which is why we need to know how much we are investing avoiding the mistake of using all the funds we have to invest in cryptocurrency. There will be more opportunities that will surface which is why we need to know how to plan so we don't become a victim of over investing without having extra fund to take care of emergency need.

[Swapter.io]

DCA (dollar-cost averaging) works well for those who have a lot of money and a stable income. They can keepp buying without stressing. But for the average investor who’s hoping to make a profit in the near future, the “buy every dip” strategy isn’t always suitable. Right now, the market is moving sideways, and it’s easy to get stuck.  It’s better to wait for a clear signal of growth or buy smart — not every time, but when there’s a strong level or support. That way, there’s less risk and a better chance you won’t regret it. 

Bottom line: blind DCA isn’t for everyone. A regular investor should stay flexible, watch how the market behaves, and not jump in just because “everyone else is doing it.”

[BADERO]

In your case, I recommend following the example of @JayJuanGee It helped me a lot!

Hopefully, you have a plan to get back on the bitcoin bandwagon, especially since it takes a long time to build up a bitcoin investment, and if you currently have no bitcoin, then for your own good, you better figure out ways to start accumulating bitcoin, and to get the rest of your cashflow management systems in order, even if you are ONLY able to buy $10 per week.

If you don't have an emergency fund and other back up funds, I would suggest building those kinds of back up systems at the same time that you are building up your bitcoin investment, so they might grow at a similar rate. Don't be gambling with bitcoin or fucking around with overdoing matters.  It is better to stay in your bitcoin investment rather than to get forced out at time that is not your own choosing due to your bad cashflow management, and it is better to stay conservative and stay in the game for 10 years or more rather than getting in and out and not planning for the long term.

Sure, it could be that you already have some backup funds, such as 2-6 weeks of your expenses in cash, and for example, if you were to have and income around $30k per year, which is around $2,500 per month, and let's say that you have around $1,800 to $2k worth of expenses each month.   So maybe your savings could already be around $2k, and if you were to have around $100 per week of discretionary income that you were willing to put into bitcoin, you could put $75 in bitcoin each week and $25 into your emergency fund.. and in 30 weeks, you would end up having had put around $2,250 into bitcoin and around $2,750 in your emergency fund ($2k that you originally had and an additional $750 from new amounts of $25 per week in this hypothetical)

For sure, your numbers may well be different because your  income and expenses are likely different from the ones that I describe above, yet you should be able to adjust the numbers to your own situation.

Sure, you have discretion regarding how to grow each of your funds, and likely bitcoin prices are going to continue to change during this time, and it could take you more than a year to build up your bitcoin holdings and your emergency funds to be equal to 3 months of your expenses, and sure bitcoin prices might have changed up or down during that time too...  and even if you have 3 months of expenses in emergency funds, you may well want to have other back up funds so that you don't have to touch your emergency funds absent an actual emergency, so you might still be building up back up funds and even using them from time to time. 

Once you have built up your various back up funds and you have strong cashflow management systems in place, then you could focus more exclusively on investing into bitcoin, and sure if you make mistakes from time to time, you have back up funds to fall back on and if some larger emergency comes, then you have emergency funds... yet I personally believe that we should try to engage in behaviors and to make preparations so that we never have to dip into our emergency funds except rare and temporary occasions and if our cashflow dries up we have figure out ways to get additional cashflow before having to dip into our emergency funds, when possible. 

And if we have modest finances, it could take us couple of cycles before we might modify our system of accumulating bitcoin in such a way that we are not necessarily accumulating bitcoin every week, persistently, consistently, regularly, ongoingly and perhaps even aggressively.  There might be some point where our bitcoin stash size is starting to inform us that we might be able to let off our bitcoin accumulation or perhaps to just buy on dips or some other modifications that are based on our stash size.  I tend to consider that it is likely that we need to go through BTC accumulation first, which could take a cycle or more, an then we might have a period of maintenance that might be less focused on BTC accumulation, and then finally we get to a state of being able to withdraw from our BTC... which is a product of time and a product of stash size.. and we have to figure out how much of a stash size that we need for our ability to sustainably withdraw from it and even perhaps completely live off our bitcoin stash or to have our BTC stash supplement other forms of income that we have

[tottong]

The market condition will always be bad at some points that is why you need to have reserved funds that can do you for a long time therefore we should not be investing everything we have at a go. You might think that you are making the right decision by doing that but you are wrong. Every dip is worth buying but as you are buying, always keep extra cash to be capable of buying the next time that the market dips comes. Do.not wait for more dip before buying with the excuse that you do not want to buy now but later when the market dips more because, you might be waiting and the dip will never come when you want it to come. You might also make use of the money that you kept for buying the dips for something different when you keep waiting.

It takes a method or strategy in carrying out investment and allocation of funds for certain needs when the market experiences a sharp decline also needs to be prepared.
We see how people have several financial resources that are left unused and the money will be used in market conditions that have occurred in the last few days.
I said it very clearly before because life is not only about investment but money is needed for other needs as a process of life that we live, so that the investment we run is not disturbed.

Managing finances is not as easy as it is talked about and investment also needs to be thought of a strategy so that it can grow and develop.
The mistake people make is that they focus too much on the investment journey and they forget to prepare reserve funds for certain needs so that when they need money they will sell some of the assets they have.

[betswift]

DCA (dollar-cost averaging) works well for those who have a lot of money and a stable income. They can keepp buying without stressing. But for the average investor who’s hoping to make a profit in the near future, the “buy every dip” strategy isn’t always suitable. Right now, the market is moving sideways, and it’s easy to get stuck.  It’s better to wait for a clear signal of growth or buy smart — not every time, but when there’s a strong level or support. That way, there’s less risk and a better chance you won’t regret it. 

Bottom line: blind DCA isn’t for everyone. A regular investor should stay flexible, watch how the market behaves, and not jump in just because “everyone else is doing it.”

Won't you have great results without a "good" entry point though with BTC especially if you are going to hold long enough?

Sure, you can't buy every dip properly, the bottom can be bit later or earlier - but you would still be good to go as long as you don't shake your bags.

[BenCodie]

Many will say DCA is their strategy. This DCA strategy of a thing is only for those who  have huge capital or an amount that is sufficient for them to ignore and possibly has other sources of income in that the can choose to neglect what ever the market does and focus on their other stream of income.

I completely disagree that DCA has anything to do with capital. If you have an income, you can allocate any percentage to DCA, regardless of how much that income is. The key is to find the balance that will allow you to hold what you are buying for a long period. If you buy too much, you might be forced to liquidate it lower/sooner than the ideal timeframe.

Now for an average investor, one who is hoping to take profit soon, I don't mean those who have enough to spare.  It's best we don't lead people into regrets and pains with our contributions. Not everyone can afford to buy at intervals.

Everyone can afford to buy at intervals, not everyone is willing to sacrifice to do so/put money away for so long.

As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

Price is irrelevant to one who sees the bigger picture.

[Redley555]

Many will say DCA is their strategy. This DCA strategy of a thing is only for those who  have huge capital or an amount that is sufficient for them to ignore and possibly has other sources of income in that the can choose to neglect what ever the market does and focus on their other stream of income.

Now for an average investor, one who is hoping to take profit soon, I don't mean those who have enough to spare.  It's best we don't lead people into regrets and pains with our contributions. Not everyone can afford to buy at intervals.

As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?

Buying a dip is not bad move, but it must be strategic not every dip is worth the buy one must understand where the market is going and be familiar with how the market has been in order to understand the market pattern. Some dips are tricky so you must understand what’s causing the dip. Generally it all depends goals and risk patterns