Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 04/09/2023, 07:48:35 UTC
However as your holdings of Bitcoin grow and our goals evolve, other strategies such as buying on dips and lump sump buying start to appear more appealing.
I'm not necessarily endorsing any of these types of strategies, I'm more of a dollar cost averaging/long term holder kind of a guy, but if you do insist on gambling trading then you should be more careful. Maintain a unique strategy would be a good idea but when you think you want to adopt other kind of strategy because you feel your good at DCAing you might lose what you have accumulated for years.... ITS NOT ADVISABLE!
Every decision must have been thought through quite carefully, especially for those who make it in the long term. Every strategy used certainly has meaning for them and I will not question their decision. Everyone is ready with all the risks because the fluctuating price of btc will make someone have to think about everything they are ready to face.

On principle of accumulating Bitcoin I still rely on the DCA strategy because it makes it easier for me to find cheap price points along the way. As far as I have gone, purchasing through DCA is more promising than for those who do it instantly.