Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Makus
on 25/11/2023, 21:19:24 UTC
Many times there are trade-offs, and even though DCA tends to be the best, DCA might not be the best for a person who has a lump sum of money currently available, and it might be better to lump sum most, if not all of that money, and then perhaps just have money to continue to buy if the price dips.... that is why a newbie to bitcoin likely needs to consider the three categories of 1) DCA, 2) Lump sum and 3) Buy on dips, and perhaps have some money allocated to each of the three categories, and if s/he chooses to eliminate any of the categories, then s/he would have at least weighed the pros and cons of each of the categories.

Well said mr JayJuanGee, I as a person would even recommend accumulating bitcoin using lump sum because, we are very close to the halving and any time from next year, we'll be experiencing the halving, so DCA and buy the dip should be kept on hold for now, so we can concentrate on accumulating as much as we can using lump sum. However, this bull run might take us to another all time high, so missing out this opportunity or not having enough bitcoin in your portfolio shouldn't be an excuse except, you can't afford to buy more due to some financial constrain. Now is the time for every bitcoin enthusiasts to step up their accumulation game by aggressively using lump sum to make huge buys and avoid the sell button.