Quote from: Rabata on March 14, 2023, 08:09:37 PM

Quote from: bangjoe on March 14, 2023, 03:23:43 PM

Yes Lump sum would be fine for Hodl in the long run and I'm not denying it, but the mental attack from panicking because I've put money into bitcoin at one time, might make me sleep and eat uneasy if the market goes down. worse than the purchase price, therefore I prefer DCA as an alternative to buying Bitcoin besides that we have the opportunity to get DIP prices when using the DCA strategy.

Bitcoin seems to have a good relationship with the term "hold". Some people hold long-term and some hold short-term. Last couple of days when btc decreasing depression was working on Bitcoin but today that picture has changed. It is only a matter of time. As we know the more bearish of BTC, the more bullish it will be later on. There is a lot to learn from the current market trend. There is a world in crypto that if one cannot be a good holder one cannot become rich. I would agree with you that DCA is still viable as the most useful strategy for buying bitcoins.

I think when you say "hold" in this case, you're obviously talking about a relatively longer period of time. So in this condition for me personally, I don't really see some decline back to be one of the things that makes depression here.
The decline means another opportunity to increase the load, there is no need to make it an excessive panic because the portopolio that is already owned will clearly be threatened when we are in a phase that we are depressed and panic because of a momentary decline.
Instead, the good thing is to make it a real opportunity because this is also included in the concept of buy the dip as it exists for this discussion.