Re: Buy the DIP, and HODL!

Bitcoin is called a risky asset because of its volatile nature and that is why, one needs to invest with only the amount that he can afford to lose, so that if bitcoin price goes below his entry point, he can just ignore the price and keep on hodli. That is why it is advisable not to borrow money to invest in bitcoin so that you don't end up selling when it isn't your will, to avoid loss.

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.

For sure, it seems that the dip from $30k to $25k is over.. but not easy to say with certainty.. since we are currently in the middle of the range.. so no one can really say for sure that the dip is over.. and that $25k support might not be broken to the downside.

It is hard to bet either way, even though sometimes people act as if they know, and then they tell you "I told you so," after the fact... but I doubt that they really know with any level of confidence that maybe at best might get into the 60% to 70% arena before all the events end up playing out.

Sure, from time to time, there are some price set ups that make it seem more likely of one price direction or another in the short-term, but I doubt that we are currently in one of those kinds of a set up.

As we were discussing this, Bitcoin once again started going down. Right now the price is at 26.6k on CMC and we cant say with certainty that where price will go from this. 25k support may be tested once again.
People give too many predictions at times and if anyone of those went true they say "I told you so". The fact is we have seen so many predictions about Bitcoin and majority were false.
In current scenario it is easy to predict that price may restrict in 25 to 30k range because thats how bitcoin is behaving for last few months. But there is no way we can predict the long term price of Bitcoin.

I'm always amazed at most person forget just how insane bitcoin prices can get, in either direction. Lots of speculation can be made but only a few at some points happened. Don't be surprised that Bitcoin at 26.6k now could actually mean it might go down the 25k like you speculated. Maybe even lower, like 20k.
Yes anything is possible, even the price might as well go to 30. So lets sit tight and enjoy the ride. If we have enough fiat to buy when it goes lower we should not hesitate to buy more using a well structured strategy. One thin i realize is that the appreciation of Bitcoin is inevitable just like its growth and adoption are. Correct me if am mistaken

Whoever is using DCA method to accumulate bitcoin will not bother about the price of bitcoin either it is goin up or down because with your regular DCA, you will keep adding to your bitcoin. Worrying about the price moving up or down might distract you from accumulating the quantity of bitcoin that you want to accumulate and you will lose focus, because you will be busy speculating on bitcoin price that you are not sure of, since nobody knows the next movement of bitcoin price, either it will move up or down.

Think of how to add more bitcoin to your portfolio and don't think about the price of bitcoin if you believe that bitcoin price will recover and that bitcoin is worth investing in. So many newbies give more of their time to the price of bitcoin instead of using that opportunity to increase their bitcoin portfolio, DCA is the best way to accumulate bitcoin due to the fluctuations in Bitcoin price.