Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
salad daging
on 19/11/2023, 10:08:21 UTC
⭐ Merited by JayJuanGee (1)
Even though the price of Bitcoin is on the rise now, I will still stick with my DCA strategy to accumulate the quantity of Bitcoin I planned to accumulate and hodl for a long term. I will not rush with a lump sum buy in Bitcoin just because I'm afraid Bitcoin price will not dump for me to buy at a lower price through the DCA strategy. There is still enough time for me to achieve the quantity of Bitcoin I want to accumulate through DCA even though the price of Bitcoin is at $36k because Bitcoin can only set a new ATH when Bitcoin halving has taken place and Bitcoin halving is estimated to happen in April 2024.
Usually with the DCA strategy there is no need to look at the price is up or down you need to consistently do every week/month then that is the DCA strategy, while for the lumpsum method then you need to wait for the price to drop because this is DIP and have to provide more money to buy at once, sometimes this way is a little more complicated even though it is not the case but the DCA method is more appropriate but you need to remember not to look at any price.

Of course you still have a lot of time from now on to start DCA, sometimes with the halving happening in April for example it will not directly become ATH there must be another moment with a certain time will reach it, if you want to skip the cycle now it is much better because your investment will be longer with a range of 4 years more, but determine with the plan you make.

As much as possible now you should be able to implement strategies with DCA consistently to continue to grow your portfolio.