Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
ginsan
on 08/09/2023, 22:16:26 UTC
⭐ Merited by JayJuanGee (1)
When I say aggressive what I intend is that when the price of Bitcoin drops significantly to the point that the obvious is that you be at an advantage in buying at that time,  most especially when you make the buying out of cash that is left over.

Not with money that is already budgeted for something else,  at most we should not be under any form of pressure at whatever point since we ought to make our best decision free from any form of pressure in both short and long term.
It sounds quite interesting to be a little more aggressive than the purchases we made at the previous stage. Yes aggressive decline is the right momentum to buy aggressively in raising the budget level maybe 2x bigger than what we have done. But at this stage we already did at the start of last year when Bitcoin hit a low of $16k. Being above $20k of course I still like doing it the DCA way.

But know that buying aggressively creates a bad thing if after you make a purchase and the price of Bitcoin continues to fall and you run out of budget to continue doing it, of course it will cause regret, right?  I think just do it DCA and for sure you will be better prepared at whatever point you buy it and you are also ready to face all kinds of declines because you continue to make purchases gradually.