Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
FinePoine0
on 20/01/2024, 02:05:39 UTC


Waiting for the expected dip could be very risky because their is no guarantee that you can even be satisfied with the dip you are expecting, you may probably be waiting for more dip, take advantage of every dip by increasing your DCA is another smart approach, if your DCA allocation is usually $10 monthly it can be increased to $15 when in dip instead of waiting for the perfect dip that may not happen.

How is that possible?  Bitcoin price does not go up and down all the time.  Is the dip you suggested to purchase correct at all?

Since the Bitcoin market is unregulated, what decisions can be made when buying a dip is if the Bitcoin market is bullish. The bitcoin market will not be so low that when buying bitcoins at $10, secondly if buying dips then how is it possible to get $15 equivalent bitcoin digits. Ever wondered how much the bitcoin market would have to be to get a $5 profit if you bought $10 worth of bitcoin?

The current bitcoin market is up to 41.3k, here if you buy a bitcoin for $10 you will get 0.00024 bitcoins. If you want to collect 15 dollars worth of bitcoins with 10 dollars then the price of bitcoins should come to 31000 dollars then you will get 0.00049 digits of bitcoins.

@Tmoonz You judge how the price of Bitcoin can be so high, why are you misleading people with wrong advice. Is it possible for such a big Bitcoin market dumping, never.

Investing in the DCA method is a method in which you will continue to buy bitcoins regularly and hold them for a long time. Bitcoin should be invested in weekly or monthly DCA method. And once you start investing bitcoins with DCA method you will be attracted to investing yourself. DCA method is popular among all investors.