Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ojima-ojo
on 27/09/2023, 14:16:46 UTC

You are wrong.  A strict DCA approach does not get distracted by price.. .however, if you are suggesting a less strict DCA approach or some kind of hybrid, then there is nothing wrong with that... but don't be implying that you are still following DCA when you are not.. In those kinds of cases you are purposefully deviating from DCA and suggesting that would be better, when it may or may not end up being better than just following a straight DCA approach.  We cannot presume that everyone has time to be fucking around trying to figure out the price, and that is part of the reason that a strict DCA is suggested as a starting point... and sure of course, anyone is free to deviate from DCA by employing various price movement strategies, but that is no longer strict DCA and not even necessarily a good idea (even though you seem to be suggesting that moving from strict DCA is "obviously" better.. which truly is not true)..

Some times people attempt to get to be too smart for their own good, and I have no problem with making suggestions but it is not necessarily going to be a good thing for everyone to be fucking around with various strategies that may or may not end up working, even if you have a lot of confidence in such deviation. 


JJG while I was reading this thread most of the time, you do support the aggressive buying & DCA and even now here Hybrid DCA what you call is not wrong at all, is what I think more suitable, No doubt with the DCA the accumulation will be more risk-free, but it will be risk-free not much effective or efficient. To make the DCA more efficient sometimes we need to lose the strictness and that is why I used to say sometimes besides DCA you need to prefer the change in strategy.

Price really doesn't matter if you are getting involved in the accumulation to achieve a particular amount of Bitcoiner's hard-lined Bit coiner but it does when it comes to more efficient accumulation.
You have a good point, @MCUKing, while trying to accumulate more coins, like up to 1 BTC or more, if considering the prices, the person will not end well, because I feel that as long as the person is considering the price of BTC, the price is high. The person will end up not buying because the price of BTC is high and the person will wait for it to dip before he continues, and sometimes btc continues to increase, so at that season the person has missed the opportunity. Waiting for the btc to dip before buying is not a good strategy that can be used to accumulate btc. As long as an investor is using the DCA methods to accumulate, he will not be thinking about whether Bitcoin is high or not.
To me, Bitcoin is still at it cheapest price at the moment because Bitcoin have the ability to change future narratives and plans to changes it price and value at every 4th year which is call Bitcoin halving where when Bitcoin circulating supply will change significantly by half it current block size.


That features alon make Bitcoin a guarantee asset to hold and for that Bitcoin will be vest at whatever price as ling as you have the resources to invest in it and also have the ling term mentality because since Bitcoin is a free market several factors can affect bitcoin price so you must have a long term conviction before buying Bitcoin.