Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
macson
on 15/01/2024, 17:16:13 UTC
I cannot remember if you had stated some of your particulars Obim34 - yet even your forum registration date is not very far into the past, so if you are only recently starting to accumulate BTC, such as even less than a year, then from my point of view it can take a quite a bit of time to build up your stash in such a way that you should even be considering reducing your DCA amount, even if ATHs end up being reached in the next 1-2 years, and sure there could be some value in modifying your approach if it starts to seem that we are in blow off top territory, and so these are not easy choices in regards to how to manage the situation in terms of holding off buys or letting cash to build up in terms of preparing for dips that may or may not end up happening.
You mean my particulars, like in what term? Is it how long I have been accumulating my Bitcoin, my registration date on the forum can not be use to calculate the amount of Bitcoin in my portfolio, it might also be something worth it but  I still do not consider it enough for my holdings.

So you mean it's convenient to continue DCAing even after Bitcoin reaching a new ATH?
Exactly, you should keep continue to invest the same amount to get the desired result if you are following DCA, and the goal should not be the coming ATH if you really want to get the potential return, just accumulate the coins consistently and see how much your portfolio's value grew after a complete cycle.
DCA is a method that can be said to be a stress-relieving method for investing in Bitcoin. If you buy Bitcoin every 14 days or every 30 days, you will really make the price volatility that occurs in Bitcoin almost stable, as has been discussed a lot about the DCA method, it's simple, in the first purchase you spend $100 to get 1 and in the second purchase with a capital of $100 you get 1.5 and in the third purchase with a capital of $100 you get 0.75. From this simple example, you can see that you like buying bitcoin at a fairly stable price with a capital of $100 that is 1

The DCA method doesn't need to be tested again, what needs to be done now is to put it into practice straight away because many investors are currently making profits from using the DCA method and buying the deep.  and one thing is certain, that the DCA method is usually used for investors who want long term, not short time to accumulate expenses and profits.