Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Salahmu
on 22/10/2023, 09:50:53 UTC
⭐ Merited by Agbamoni (2) ,JayJuanGee (1)
We are once again at 30k barrier and to my knowledge this is not the first time in this year Bitcoin make it to 30k. The question is those who have bought Bitcoin at DIP, what there strategy should be now (as Bitcoin is slightly bullish)?
Yeah actually mate the strategy should always be to keep accumulating because you cannot quit accumulating just because you saw the Bitcoin price ranging between $30k and you feel the price has gone way more than the price you normally wish to buy, but perhaps seeing the Bitcoin price $30k should have been a motivation to keep accumulating because it has become a crystal clear that Bitcoin price has beginning to peak up and the possibility of dropping back to the previous dip may not be possible, and since it has been given this positive moves shows that the possibility of the price to continue growing is possible so the best way is to keep accumulating using the normal DCA strategy to slowly accumulating consistently.

But however if you feel you have enough capital to Lump sum is also your decision to make so if you feel using lump sum will not affect your financial state you can go ahead.