Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Ruttoshi
on 03/11/2023, 08:14:31 UTC
⭐ Merited by JayJuanGee (1)
we have to understand the procedures of technical observations of bitcoin so that when you invest to accumulate bitcoin and your target will be achieved
I disagree with you, that one needs technical analysis to be a successful investor. All a newbie needs to become successful is to know the basics of bitcoin by investing in a long term to over the risk that short term hodlers fall into. He also need to know how to buy bitcoin and how much he will assign to his bitcoin investment portfolio weekly or monthly or even quarterly that will not affect your weekly expenses and have a reserve funds. Then that investor is good to start his bitcoin journey. Look at majority of whales don't care about technical analysis because they have the money to buy anytime they feel they need to add more to their bitcoin investment.

 Poor and average investors that have been accumulating for a very long time now don't know anything about technical analysis as long as they are using DCA method. DCA method of accumulation has gotten rid of the risk that technical analysis can cause to long term investors, because all they need to do  is to accumulate weekly or monthly, disregarding the price of bitcoin at that moment. Don't delay yourself from taking the best opportunity now to invest instead of waiting and learning technical analysis below you will invest because it is a waste of time for long term investors.

I seem that the favourable time to invest in bitcoin for accumulation is when it's in dip time.
You are right and wrong at the same time. Why I said that you are right is that if you buy at the bottom line of the dip in lump sum and hodli for long term maybe ten years and above, you are very lucky because the market might not experience such anymore since at every new circle the ATH is always higher than the previous one. You are wrong because as long as you are investing in a long term, using DCA strategy and lump sum at the dip, anytime that you invest in bitcoin is favorable i.e all the time it is favorable for newbies as long as his plans is to accumulate weekly or monthly till he reaches his bitcoin target. It is also hard to time the dip because nobody can predict accurately the price of bitcoin, this is where traders get everything complicated  for them and they end of making wrong decisions that will make them run at loss because to their greedy nature has killed the fear and patient in them.