Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Falconer
on 30/11/2023, 18:21:11 UTC
-snip-
You are very correct on this. The DCA method can be combined with buying the dip to give fantastic results. There is no harm in trying something new as long as it is aimed at accumulating more Bitcoin in a more efficient way. I am not ignoring the discipline that the DCA method requires. Buying the dip while still doing the DCA method does not violate any of the rules or requirements of each of them.

Base on your comment, I will also device means of adding to my holding before the end of the year because the prices is not showing any sign of slowing down soon. Like you said, when the fund is there, what is the essence of keeping it in the bank!
Yep, I like hearing that and I agree that you understand very well how much loss someone will have who chooses to keep their budget in the bank. I haven't kept fiat in the bank for too long, it was a bad idea for me.

Buying dip and dca is an option, that's because you can buy a lump sum on the dip. No matter how disciplined you are in your investment strategy, the point is to buy and hold until your target is achieved. I buy dip and dca on many occasions, but I also buy lump sums in certain circumstances such as when bitcoin gets a dump of more than 10%. It's just a rare opportunity that you need to take advantage of in investing.