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.

Personally, I enjoy reading some of the details regarding what people are doing, so for example, they might say that they have a regular DCA amount that is weekly or monthly or twice a month, and they might not even say the size of it, but you stated more clearly in your second post that you are continuing with your regular DCA amount and adding more too it.. which seems to show a better understanding of the difference between DCA and buying on dip, even though they frequently will blend because if you keep on buying extra on the dip and then that regularly extra buy on the dip becomes a kind of hybrid of DCA and buying on the dip since you are adding it during a dipping time and then presumptively removing it once BTC prices go above a certain threshold (if we can presume that some day the BTC prices may well end up going up from here).

This might be the reason I am not doing DCA instead I am doing SIP( Systematic Investment Plans ) Every time i see a dip in the market I buy as much as i can. I am not investing every month but I am investing regularly which makes it more adaptable and flexible for the volatile market when for a strategy like DCA you need to invest a constant amount in regular intervals. DCA can reduce emotional decision making but SIP strategy can make you more disciplined psychologically. Also, DCA costs more transaction fees because of the frequent transaction that needs to be done. I think SIP is not as popular as DCA because i haven't found too many people talking about this. ansaction

I am going to suggest that your description of SIP does not sound like it is anything that special because in the way that you describe it, it is not that much of a variation of DCA.. and it largely sounds like a variation of DCA... especially since the intervals of DCA can spread out too.. and so your mere assertion that you are attempting to be strategic with when you are employ your DCA in order to attempt to buy on dips, but you are still attempting to buy regularly, so in essence you are still attempting to do your own variation of DCA.

Now, on the other hand, if you tell me that you are ONLY attempting to buy on the dips and you just let the incoming money build up until your buy on the dip formula triggers, then maybe in that case you might not be DCA'ing.. but even those who are buying on the dip will sometimes start to get anxious if they have several months of cash building up and not getting put to work (out of concern that the BTC price might not dip anymore).

Yes, you are right i am only purchasing when my dip formula triggers. Because of this always have funds when the market crashes. After investing that money i started saving my money for the next dip and in this way, I have been buying for the last 2 years. I need to take a look at all my transactions to calculate an average but i am confident that i have more than those who are doing DCA a regular intervals. I know bitcoin investors feel anxious if they have any cash in their hands. They wanted to buy more Bitcoin no matter what the price is. That is why i mentioned that SIP makes people psychologically disciplined.