Quote from: coin-investor on June 10, 2023, 10:14:55 PM

Quote from: Youngkhngdiddy on June 06, 2023, 10:26:51 AM

With the current bear run of bitcoin at the market cap of 520.50B, down from 527.83B yesterday and down from 570.09B one year ago, at the price of $25k do you think it is a good opportunity to Hodl or buy the Dip in the current market?

It's hard to predict the floor price before the start of the bull run but since we are one year away from the next halving my strategy is to accumulate not in one buy but through intervals whenever there is a dip, I buy a small amount when there is a dip and prepare for the next dip, I have my spreadsheet to check if I've gained or lost when there is a dip or a pump.

This year is different because we are a year away from the halving so our mindset is all about accumulation but of course, you still have to implement the concept of buying low and selling high because pump and dip will still happen along the way while we are heading to the next halving.

The method that you are following, where you buy a small amount after every interval of the market dipping, is called DCA, and I believe that is the best strategy to follow in times like these where there is absolutely no certainty if where the price will move next and buying at once might be costly because the market can dip any time and if you have already bought and market dips, you will regret your decision for sure.

That is why the best thing to do for this market is to keep holding the already bought assets and keep accumulating if you have funds at different dipping intervals until you have exhausted your remaining capital and then just wait for the market to recover.