Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 24/09/2023, 21:05:21 UTC
An analysis of the last 90 days Bitcoin price chart shows that Bitcoin was around 30K to 26K. If the next 90 days continue to be like this then those who are investing using DCA are basically finding the deep price of Bitcoin. Price is not a big factor in this regard be it 26k or 30k. This is an opportunity for those who are buying to hold Bitcoin and growing their portfolios. Market conditions can change at any time, but Bitcoin investors must be patient. Whether the market goes 34K or more in the next few days that is not a big factor. We should have low expectations rather than big hopes.
It seems we often over emphasize the use of DCA strategy on one direction such as accumulating using smaller amounts of money but we should also consider the factors or forces that could make our DCA strategy go wrong, because even with DCA strategy you can invest aggressively, because I had a similar experience while using DCA strategy in which I was consistently accumulating without a back up plan that could help me financially when the need aris, little did I no I was accumulating aggressively so I had a serious urgent need of money and at that present time I had nothing on me so I panicked I was stressed out thinking of a way out because I have no plans of selling the Bitcoin I had already accumulated and at the same time I need an urgent money so I was disoriented, so after I scale through that I realized one thing that DCA is just a strategy to enhance our experience but how we utilized the strategy is totally depends on our mindset.