Re: Buy the DIP, and HODL!

This channel dip feels like 15-16k at the end of last year. Am buying deep into it atm

Buying at a price that is too deep will not always be good because you will not get what you want to buy. If you hunt for Bitcoin at that price this year I think it will be difficult for you to get it, but if you don't really mind buying Bitcoin at the $25K level and holding it while waiting for a higher price, I think that's quite logical and very possible for you to do now.

So don't waste your time waiting for a lower price if you have the ability to buy at the current price, because in my opinion the current price of Bitcoin is not that expensive and maybe the opportunity to buy at the current price will not come twice this year, Moreover, next year the price of Bitcoin is predicted to experience a much better increase than this year.

I think you are not understanding what I posted. At no point did I say I was waiting for a lower price. I was saying that this dip feels like the same buying opportunity that presented itself to us in the 15-16k dip. I’m allocating more buying $ at this level on top of any dca I’m doing.

hahahahahaha

I was going to respond to superman184 and say something very similar in regards to what had seemed to have been a misreading (and/or misunderstanding of what you had previously posted), but much better coming from you... and probably was not exactly clear in your first post... that's one of the risks of writing too cryptically and without explanations.

Heh if I have eli5 all my posts there will be mountains of texts but fair point may have been a bit cryptic and I suppose me included English isn’t my first language, things can be misunderstood.

Better to invest as per DCA once a month. And if you have a lot of money then definitely invest twice a month according to DCA.

But you must be talking on the other side, it is better not to discuss such things here.

Invest according to DCA for present time then you will be successful in holding for long time. According to the DCA, buying in Bitcoin certainly encourages you to buy more later. Successful whaling stocks can certainly be harvested through DCA using such methods.