Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Winterfrost
on 26/12/2023, 21:30:22 UTC
⭐ Merited by JayJuanGee (1)
JayJuanGee is our ChatGPT of Bitcointalk.org  Smiley
Sincerely speaking it took me almost an hour to read through and analyze all he had said. I have to go back to the previous conversations and comments he quoted for proper understanding so I won't misquote.

I think it's not a significant problem. I'm sure with DCA's investment model and the saying we're going to lose money/rugpull will change. Everyone tries to do their best in investing and sometimes the implementation is different. Some say changing habits is difficult, especially changing investment patterns which in the past we often saw people putting in/buying everything at once, everything was considered appropriate and not wrong, but if we lower the tension just a little, in my opinion it would be wiser to arrange it, do it in such a way and that not that difficult.

That's right, as you said, there is always the possibility of a market correction and sometimes it is beyond our understanding and just look today at how it can suddenly go down even though if we look at the graphic data it shows it will go up. So, what is needed in this situation is fresh funds to be able to absorb any downturn. Apart from research and observation before buying, the luck factor is not needed at all here because DCA is a pattern of buying every drop if we have savings.


It is still not a bad idea buying wholesomely from the DIP but how often or long do we propose the DIP to happen. Very important at every stage to know which strategy to apply, at some DIP you may find it very interesting to accumulate more than normal DCA amount that those not necessarily mean altering your DCA strategy.
There is a valid point here and a very sound message your passing and I wont be ignorant. It is important that at every point in time. There is a perfect strategy that would be perfect in accumulating bitcoin. But how would we know? This leaves me to adopt the strategy that I can still DCA, and if there is an opportunity to lump sum when the price dips, I wont hesitate to do that. And by anyway it wont hinder my DCA. But this will require enough funds as you have to keep some extra bucks and expect the price to dip while your Dcaing.