Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Agbamoni
on 11/09/2023, 18:58:09 UTC
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.
Lum sump? Well, that thought will be on our minds especially when the price falls significantly when there is spare money, I want to buy lum sump but I undo that intention and put more principles on the DCA strategy.

In fact, I don't want to be aggressive with buying at once even though this is a good way to also buy below at once but DCA will be a little chaotic and between once a week it becomes vulnerable to distance because it has bought below, my mind is that even if it continues to DCA with every week it will also be better and will not be a burden.

Now I want to be like flowing water in a river, no matter what the price is, I will try the DCA method.

That's the point I want to make in this case, even though in the end everyone has some views and lum slump is also the way of some people but if we really want good results then focus on being in a strategy that has a very high chance of being with DCA because in the end when we are at the starting point for investment DCA is one of the strategies and methods that are very good to do and it has been tested by some of our predecessors who have done the same strategy so in this case DCA is like a good benchmark especially for beginners.

It does not mean that we should not do lum slump like some other people who do it but it is better to focus on the most possible conditions for ourselves now. I don't have any problem if other people do lum slump because they also have their own strategies but for us as people who can be said to be new, it would be better to do the DCA strategy because this has a better probability for us as a beginner in bitcoin.

Having a strategy and not rushing into things is important. I'm always thinking about the future, and I don't believe in investing just for quick profits, especially with Bitcoin. I like that many people here focus on long-term goals. One reason I don't invest a large sum all at once is because it's better to start early when you have the money and not wait for the huge capital to be there. If I try to save up a big amount to invest later, I might end up spending it on something else. So, I prefer to invest $100 from each paycheck, spreading it out over 3-12 months. This way, I can accumulate more Bitcoin over time.