Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JoyMarsha
on 25/12/2023, 20:10:58 UTC
If you have to invest in Bitcoin at this time, you must invest quickly. Because the longer you delay the price of bitcoin will go up, because I can see bitcoin price stayed between 26k and 30k for a long time. At that time some people said that the price of bitcoin would be lower and it would be better to invest, but now that the price of bitcoin is 44k some people still say that it would be better to invest if the price of bitcoin is lower. But no, you should notice that Bitcoin price has almost doubled in last 2-3 months. So if you observe carefully you will realize that many people have made a lot of money by investing in this Bitcoin DCA method and they are becoming financially independent. If you invest regularly in bitcoins and your average price will decrease, then of course you can become self-sufficient using the DCA strategy in this way.
When I first heard of this kind of mindset, I remember rushing into a Bitcoin purchase without realizing that the market is erratic and that you can wait a little to buy at a discount.

A price increase does not guarantee that it will continue to rise without a fall. Because the price of bitcoin was rising, I had to purchase it at a high cost using the money I had saved. What did I witness the following day? The price of bitcoin dropped by 4%.

Having said that, don't suggest someone make a hasty investment because many people may utilize borrowed funds or their last savings to purchase bitcoin, which could lead to them selling off when they are not ready because of an emergency