Quote from: Pamadar on Today at 06:23:57 AM

Quote from: wxa7115 on June 28, 2021, 09:02:04 PM

Quote from: pawanjain on June 20, 2021, 02:43:21 PM

You are saying that from a trading point of view. Entry point matters in the short term but not in the long term.
As you said Michael Saylor must be buying for a long term and hence he is buying every dip.
This might be a good strategy as long as we have enough money to buy the dip. But at the same time we have to look how much funds are left.
We can't put all our money at a single dip and then wait for the market to dump further.
But yeah, we don't have to worry about the price if we are in it for long. It's always a good time to buy bitcoin.

Well that is one of the advantages Saylor has as an institutional investor that we do not have, our funds are limited so even if we want to buy every single dip we are not going to have enough money to do so.

But when it comes to Saylor the only thing he needs to do is to ask for low interest loans from banks or other investors and get the money to buy the dip, this is why his stash is growing more and more each quarter and he has become one of the biggest holders of bitcoin around the world even if he is buying bitcoin for a price of double digits while the other whales got here when bitcoin was worth barely anything.

Exactly! he can use those loans and earned money without even moving his savings,

a good luxury by a very known person, that kind of advantage that we don't have a simple / small time investors, no argument but
in terms of taking loans those rich people always have the advantage, applying that to crypto they also have the luxury to hold more
and continue to buy each time dump is ongoing, keeping more assets and have that big edge once the market start to move on their favor.

Yes, that might be true but at the same time even if we somehow get the loans as him should we use it to buy bitcoins ?
I always follow the rule "Never take a loan to buy bitcoin" and I think it makes more sense not to borrow money to buy any cryptocurrencies.
So even if I would get a loan I wouldn't buy bitcoin with it for I believe in "Only invest what you can afford to lose".