Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ginsan
on 30/11/2023, 10:41:42 UTC
For sure, people would invest in Bitcoin aggressively when the crypto market is down but are they going to wait until that time comes before they invest, even when we don't know whether the $35k is the limit price bitcoin can fall to before it moves higher in price before the bull run season.
Thank goodness, for I am not among those who want to wait when the market is down before they invest. For me, I am investing the little money I have in a DCA approach
If you understand correctly what I have explained, maybe you can take the right points. I mean if someone divides their funds into three categories Lump sum, Buy on dips and DCA of course they will not have difficulty under any circumstances because they can make purchases in accumulating Bitcoin. Buying regularly by applying DCA is a good choice when the market is sideway and when it turns bullish we can take advantage of the decline by increasing purchases a little more aggressively.

In the long term process of course we have many opportunities to buy on dips and do DCA and what we need to do is maintain our financial balance and accumulate purchases consistently. For that reason, I also agree with you that delaying purchases is not a very good thing because someone who delays purchases usually has deep doubts that prices will change faster than what he expected.