Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
justinlamode
on 19/01/2024, 03:29:44 UTC
Another DIP buying opportunity might be coming! I'm not sure how low, or if this correction continues to fall under $40,000, but buying some Bitcoin with any sort of discount should definitely be "greeted" with open arms. Don't miss the opportunity!
"I'm not sure how low" , this is the problem with buying the dip. The confusion, the anxiety, the FOMO and all manner of unrest are what make me so uncomfortable with buying the dips. You could buy $42,000 and price drop further to $40,000 and further to $38,000 and even more. In this case, which is the real dip and when will it stop going down? This seem complicated for those of us trying to have a hang of this.

Having learnt about the DCA method and how to apply same, I've concluded that it presents the answers to these troubles of contemplating when to buy, hence, the reason I have been using it to build my BTC asset. It could be slow as I have to wait for the time I set to buy again, but I noticed some level of discipline in me ever since I started. I'm calmer now, not in a rush and I spend more time doing other things rather than watching the chats. I must admit that the DCA method is great.