Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
Ryu_Ar1
on 27/02/2023, 21:36:00 UTC
⭐ Merited by JayJuanGee (1)
Agree with what you say. Even though in this case there are some people who say that it is starting to be high now, looking at the current price condition of $23k it is still very much worth it to buy even though some people might be waiting on the grounds of Buy the dip.

I personally still make my purchases and stick with the initial stance by continuing to buy every month until the price hits the new $30k I will stop there.
Regardless of whether there will be a decline or not I'm not too worried about it because indeed if there is still a decline it is also a blessing because I can buy more but if the price continues to rise then I will not waver with my choice until $30k is exceeded.

It seems fair to consider anything below $30k to be relatively low, but of course, what is "relatively low" is a moving target, so you have to assess your own personal financial and psychological circumstances in order to attempt to figure out if you have enough BTC or not... by the time we get to supra $30k levels, presuming that we get there.  If you are a young person and you have an ongoing income, there still may be justifications to continue to buy BTC above $30k, and for sure, a lot of the matter also has to do with how much BTC that you have already stashed, and surely if you "over did it" then you would be more justified to "stop for a while", but some people run into mistakes because they stop too early or even that they start to sell.. which surely we are not really talking about selling in this thread... which selling does include different considerations including considerations that you have already overly stacked and are sufficiently in profits and perhaps a few other personal circumstances.

Well, that could be true.
For now under $30k is my benchmark for doing DCA but it does not mean after $30k not buying.
Buying will still be done but in this case maybe I will pay more attention to conditions whether it's from some news or indeed the right momentum to see whether or not I buy there, of course, hopefully the right price in my opinion.
The difference may lie when the price before $30k I bought without seeing anything either in the chart or the increase and decrease that occurred but for after $30k I will obviously consider several aspects before buying it because it can be considered that it is a strategy that I have always prepared from the beginning.
When talking about "over did it" of course even though this is bitcoin which is definitely profitable but we don't need to do that. Even if it is possible but we don't need to risk everything on the investment made because this can be detrimental to yourself. As much as we can in setting aside some funds from the rest of our daily needs is clearly the best thing for this condition.