Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dictator69
on 23/08/2023, 07:13:46 UTC
⭐ Merited by JayJuanGee (1)
Now if you are doing extra or changing your DCA, then that is not really strict DCA anymore but instead a kind of hybrid that takes advantage of the dip, in the employment of buying on dips practices.
This might sound impulsive and a pretty barbaric strategy, but if we can afford to do something like that then why not.
It is not meant to change the DCA that was done before and the DCA still continues to be done, it's just that we can also take advantage of making some new purchases when a decline like this occurs because this would be a shame to miss.
I read your previous discussions and after reading the reply of Furious in previous page, I began to think should we even do DCA in dumps like these because we knew this is the lowest BTC could go. But if we do not know either it's the lowest or not then it is always a good strategy to save some fiat to enter to buy more Satoshi in dips. But still, I think DCA is not something a strict rule which we should follow like we could make decisions of taking entries with the sensitivity of market.

Let's say we have still $1000 in savings even after doing the DCA when the BTC is at $20k and after some bad news or whatever reason BTC again touches $17k or $18k then I think the wise decision would be to put all $1000 into the market instead still doing DCA at that moment.
It depends on your own strategy and choice, I think. Regardless of whether you want DCA or waiting if you really believe the price you are waiting for will be reached then that is also no problem as long as the focus is still buying regardless of buy on the dips or DCA you determine what you think is best.

But in this case I will still do both, DCA is one of the things that I still continue to do and stopping DCA means I have lost consistency in it and it will be annoying on the other hand that does not mean I am not preparing to buy on the dip because it is also still possible for me to do but on the other hand this is also not to be a reference for others because again all have strategies and patterns that they do in collecting bitcoin it's just that this is my version regardless of this is one of greed or impulsiveness I have no problem with it because I have considered my financial condition.
Got it, We should do DCA for the long run and for the short term we should do lump sum because I have found one calculator to calculate what results we might get if we have done lump sum or DCA. Well, here is the site Not trying to promote it here instead sharing for info only. https://dcacryptocalculator.com/bitcoin

Well, I have got some results by entering some dates and in the last 6 months we make profit only if we have done lump sum but by doing DCA we might lose the asset's value. The thing is, accumulating is all matter as you said so I think I am agree with you.