Rightfully said, buying the DIP and holding is another effective strategy most persons apply to accumulate there Bitcoin. But no skills can be 100 percent accurate in predicting the price, so why not buy at specific intervals at that price instead of just hoping on the dip alone
Most of the investors both new and old always targets buying DIP and most in bitcoin and hold to make profit when they arises to sell, and what is the target of someone who buy dip is to sell when their is a bullrun and this has being the method of people right from time, but recently some people don't think of such strategies of buying DIP and hold for long-term, what they are interested is making profits whereas they have no applications to make a profit during their investment.
The thing is that buying when the price is low and sell when the price is high has being possible tactics for most of the investors why their is every possibility that you can buy in dip and expect it to increase and it happens to be going more DIP, so let us not only hope for one strategies of accumulating our bitcoin, let us device other means of accumulating our bitcoins because sometimes predictions do fail and we don't have anyone to be blame when it happens.
You are right by saying buying at the dip and hodling for two circles and above is a good way to make profit. But you should also consider not buying at the dip alone, since you plan to hodli you should come up with a buying strategy that will enable you accumulate and increase your bitcoin portfolio with the three method, which are lump sum, buying at dip and the DCA strategy. These three startegies when well planned and prepared for will make you increase your bitcoin rapidly compare to when you are using only the dip method to accumulate you bitcoin portfolio. If you are working, you can always use 10% of your income for regular DCA and when you have some bonuses and some extra funds from office, you can save them to buy at the dip because you don't know when the dip will come. Also if you have some allowances from your place of work, like travelling allowance when you are sent to represent your company, transportation allowances and some training allowance. You can put all your allowance together and use it to buy bitcoin once as lump sum. You will see how fast your bitcoin allowance will increase.
There is this funds that as workers in my place of work, 3% from your salary is being deducted to kept for each staffs, till the end of the year before it will be sum up and given to you with your christmas bonus, so that the money will be of high amount, so that let it be that at the end of the year apart from your monthly pay, you still have a resonable amount of money gotten from the company that will be more than enough to sustain you till after the festive period. Such money can be use for lump sum buying while you are still DCAing regularly.
Riginac111, you can look at JJG's explanation below..
For example, take the
Hypothetical 1, lump sum buyer who bought 21 BTC in 2015 for $6,300 (average cost of $300 per BTC)
Right now he would have right around $603k .. not bad, right?
And compare that person to
hypothetical 2 who bought
$100 per week starting in June 2015, and he would have spent nearly $44k and accumulated 26.2471 BTC (worth about $753k and an average cost of $1,676).
or compare him to
hypothetical 3 who might have lump summed into bitcoin and continued to buy $100 per week
and he would have spent right around $50,300 ($44k + $6,300) and accumulated 47.26471 BTC (21 + 26.2471) (worth about $1.36 million and an average cost of $1,064).
Which one would you rather be?
I will love to be the guy with
hypothetical 3. Because it is very clear that he is far ahead of the other two who used only one method to accumulate bitcoin, and he increased his bitcoin portfolio significantly.