We saw Bitcoin price was stable at 30k USD few weeks back and then there is a dip triggered due to some news. Bitcoin in that DIP went down from 30k to 25k and that's the time where your nerves as a HODLER are tested. Its easy to say to HODL but not many can see there investment going down. That DIP is now over and Bitcoin price is moving up towards 30k again. If you have bought Bitcoin when it was down then surely you are getting some profit at the moment. Accumulating more when Bitcoin is down is more beneficial then when its up.
Before now, I was buying Bitcoin at different price points right from the $29k zone down to below the $25k zone with pending orders even around the $20k zone. But since I learnt about the DCA method, I have been using it to buy and it's been so wonderful. Now I do not pay much attention to the price as I have certain amount of dollar I convert to Bitcoin per week. So far, I have found peace and comfort knowing that my investment will yield profits with time.
We can look at the topic of this thread, and we can see that the thread is not about DCA - even though DCA ideas have kind of taken over the topic of the thread - perhaps because it is a bit of a superior idea over the idea of buying on dip and holding (or even the ideas about buying on the dip)..
Hi buddy.. After the exchange of views a couple of times a discussion between the members and my own experiences and learning I started a topic in the Bitcoin discussion where I was expecting that seniors would guide and put forward their views on the Different strategies adoption in different market zones. Haha but unfortunately the topic became a simple DCA praising discussion.
Anyway I would like active members from here to discuss the topic there according to their perspective, it would really helpful for the newbies and members like me who are desiring to get some wordic from the series on different aspects.
Previous Topic Name:
How To Accumulate Bitcoin More Effectively In Any Market ZoneCurrent Topic Name:
DCA vs Zone Specific Strategies While Accumulation of BitcoinsYes.. I see that you started that thread a couple of days ago.. and I'll put that thread on my list of threads to look at.
This seems like a discussion here sometime ago where someone suggested applying both the DCA method together with buying at the dip (instant buys atcertain low price points). I did not follow up to the conclusion of the discussion but I felt the tone of various comments here suggested it was feasible.