Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
youdacapt
on 13/03/2023, 21:38:46 UTC
⭐ Merited by JayJuanGee (1)

Have you heard of bitcoin?

Here we are talking about bitcoin, we are not talking about various shitcoins.  DCA does not work with shitcoins (or tokens).. fuck shitcoins and fuck "potential tokens." 

Go to some other thread if you want to engage in discussions to assess the "potential" of various tokens (aka shitcoins).

The ultimate application of DCA, buying on dips and lump sum accumulation that we are discussing in this thread relates to having had already assessed fundamental strength that bitcoin has in the longer term, so in that regard, it hardly matters what price you buy so long as you continue to buy - especially if your investment time horizon is 4-10 years or longer.

Of course, if you are wrong about your assessment of the fundamental strength of bitcoin, then ultimately your investment might not be in profits 4-10 years or longer into the future.

The idea of buy on dip and HODL has to do with attempting to improve upon any kind of DCA approach that any of us might attempt to apply in terms of attempting to strategize buys that are at lower prices, and of course, HODL would be a kind of strategy that is meant to deal with mistakes of buying too much too soon while the BTC price might still be dipping and you might have already used up all of your cash.. so the HODL strategy would be a way to attempt to get through such dip period in which you are low on cash or you are waiting for more cash to come in or you are waiting for the BTC price to get out of its slump and return UPpity.. sooner or later UPwards movements in price should end up happening, but of course, there are never guarantees, and part of the conviction of making an assessment of decently strong fundamental strength would thereby logically follow that there is a bit of an expectation that at some point upward price movements are going to continue, even while at the same time realizing that no investment is 100% guaranteed, even if it has been assessed to have a lot of fundamental strengths.

Now i get the context  Grin Grin, I didn't think it was solely bitcoin based dca analogy because i didn't expect dca to be a strategy when investing in bitcoin. To my understanding; the best way to invest in bitcoin is by targeting and accumulating as much satoshis as possible because context wise; the target should be 1 bitcoin or 0.5 btc; that way the bullish trend would show more favorable trends to an holder wallet.

Also, i agree with your hodl strategy analysis too because bitcoin is the only token i attempt to hold long term. Thanks for the little enlightenment