Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Salahmu
on 23/10/2023, 22:06:05 UTC
It seems good to always be prepared for either price direction, so how much you choose to be prepared and how well you have your preparations set up in terms of how much BTC that you might buy at certain BTC price dip levels or how much you are just going to buy BTC no matter what is the price, or maybe you have your buys set up in a range and then you don't do anything in another range, but if you have ongoing cashflow coming in, then you should attempt to account for that and even account for how much extra cash coming in would trigger you to have to change some of your already existing  ideas (plans) in regards to whether and if so, how you are structuring your buys.
Preparing for Bitcoin price movement is actually what I normally do, irrespective of my accumulation using DCA strategy I always make sure to have an extra diversification in such a way that I prepared myself by structuring most of my funds that if the Bitcoin market dips down I buy a certain amount and if increase i reduced by continuing my normal DCA.

So actually is a new strategy I started using now and is working for me, I utilize the opportunity when Bitcoin was at that consolidation zone of $27k to $28k when I checked my portfolio the funds I had could sustain me even if buying on Lump sum so I took advantage of the dip by buying a good amount of Bitcoin, and now considering the level of price of Bitcoin it was a good entry for me and since the price has gone up I have reduced my level of accumulation to my usual DCA strategy.