Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
FinePoine0
on 12/12/2023, 23:18:14 UTC
-snip-
Take advantage of the opportunity if the market changes quickly like what happened in the past two days when from $44k it fell to $41k. Enter gradually at every price that you think will be touched because the market is difficult to predict because it may rise suddenly and fall suddenly. I'm not good at reading charts, so I don't care about prices when accumulating Bitcoin because with DCA we will get a price that is cheaper than our planned target.
Buying every dip between -2% to -8% is a good choice if you want to accumulate. Of course, it's still a good idea to do DCA rather than all at once - but the best option of course depends on the amount of budget you have. If you have $50 in your account and at that time the price of bitcoin falls by -7% - then don't do DCA, but buy it lump sum.

There's no point buying with DCA if you have a low budget - say $50, I mean the bitcoins you get won't be significant. So consider decisions wisely and be wise in making decisions even if you are not good at analyzing.

Investing in Bitcoin and a strategy if you follow the DCA method you can definitely hold for the long term properly. Usually in DIP case, many people directly earn and BUY Bitcoin. But many people spend their income at home, using the extra money they don't spend and investing weekly or monthly bitcoins following the DCA method. I myself invest 5% to 10% of my income every 15 days ($15-$20). I just started investing recently. I use a solid wallet for long-term investments.