Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
348Judah
on 23/08/2023, 14:01:46 UTC
Yep, it refers to the example you gave so that the discussion does not widen much, but in the end it also adjusts to the capital we have and I am aware of that, it's just that when there is already an example so that the discussion refers more to the DCA in question, I just give my views on the example you gave earlier.
The context may go back to consistency because if indeed we cannot be consistent with large amounts then at least it can be minimised in terms of the amount invested so that the DCA we do runs well.

Sure, there may be a certain value to consistency in terms of both DCA and buying on dips, but it may not necessarily be something that we need to think of in terms of having to be strict with ourselves when we might have some parameters that we might choose to use that will also work.

I was even talking about the same idea in one of my posts from yesterday.

Consistent is a word that seems easy to do, but in practice it is sometimes very difficult, especially when we don't have an organized plan. To be honest, I want to be more flexible in this regard, it doesn't mean I'm inconsistent, but in reality I sometimes have to divert the money that I intended to do DCA for more urgent needs.
For the nominal problem, I believe we have different abilities, and in the midst of that difference I still work hard to always make purchases.
Oh yes, we also have to distinguish between working hard to achieve something and forcing ourselves to achieve something. There are times when we have to think about that, because it is not uncommon for people to think they are working hard, when in fact, they are pushing themselves.

Making diversification of the money you would have invested and hodl in bitcoin on other needs more urgent my not be perfect decision enough except if what you're going after is more profitable than bitcoin investment as the moment which i may doubt, to make it more simpler than before, we can see the reason why it has been always suggested that DCA should be the best strategy to use when accumulating, there's more of advantage in using it than you will have to rush in for an investment at once, this prepares you on a ground that allows an opportunity to earn and minimize loss, also you will be able to attend to other things in demand without having to pressurized yourself on single entity while making a decision, just have other additional alternatives, invest buying the dip, hodl and release when time is due for doing so, bitcoin is for profitable investment if we take advantage of holding.