Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ryu_Ar1
on 08/09/2023, 21:34:46 UTC
⭐ Merited by JayJuanGee (1)
Aggressive buying is mostly during an overly discounted Bitcoin market period,  and do so should be done with funds that have no need for for as long as the time can take to make adequate profits in the long term, 
It seems a little normal as we are perceived to be able to afford much larger purchases and with our greed in mind, these thoughts will always be there.
But on the other hand, this kind of aggressiveness will actually disrupt your rhythm especially when doing DCA. because indeed when discussing consistent DCA, the emergence of thoughts of being too impulsive will cause our DCA to be disrupted which makes this a little risky.
I previously made mistakes like this especially when bitcoin was at the price of $20k at that time, even though it was still profitable from a calculation point of view but on the other hand my DCA was disrupted because of the impulsive nature that I did so I had to change from the beginning of the DCA concept that I did and it was actually a little troublesome.