Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odusko
on 24/08/2023, 09:08:26 UTC
Planning is the first stage of anything that is associated with consistency. It is following the plan that is called consistency.   DCA is itself a plan and following your DCA is the consistency.
I get your point, but I don't see consistency as just following your plan, as plans can be followed in different ways. Let me say, for instance, that I have a plan to accumulate 1 Bitcoin before the end of one year, and initially I strategize to buy another 0.08335 before the end of every month. In the first two to three months, I was able to achieve that, but because of some kind of personal issue, you decided to shift out the amount you want to accumulate this month, but with the belief that you will be able to gather more than you plan for the next month so that you can cover up the balance of last month.

In such a case, I don't see that as consistency, as I view consistency as the process of doing a particular thing constantly, nonstop, until the purpose of that thing is achieved without even bridging any of the set-out plans along the way.

With that example that you gave Nwada001, there could be adjustments of the timeline in order to accommodate that some circumstances had changed, so maybe there is a realization that the goal might take 14, 16 or 18 months rather than the initial 12 months might not have been as realistic as it had been originally thought to be.

Persistence and consistency are also two differing concepts.
DCA planning and timing are vital in our journey into achieving success in our bitcoin investment,  this model have taught a lot of investors a maximum level of lessons and also helped to build knowledge on how to study the market to take advantage of every market condition, persistency in your  DCA vs timing are the roadmaps to arriving at a positive destination on the long term base,  and at such,  to be at a safer side during such period,  you need to adjust higher your buy the DIP and HODL more Bitcoin along the way down since at that level you will have opportunities to buy at the low price.

And also apply the DCA at the top which is to exchange from Bitcoin to the USDT and hold more dollars when the price is at the top,  wait for the price to touch down again and buy back.
But such a model also has its own risk and that is why sometimes as an investor you make some adjustments in both your capital holdings and time adjustments.