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Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Fuso.hp
on 24/01/2024, 15:36:01 UTC
⭐ Merited by JayJuanGee (1)
In this strategy I buy stocks or assets when their prices fall (sink) and then hold the stock for a long period of time in anticipation of a rise in price which helps me to profit safely from the creep market.I do this based on the idea that market fluctuations are temporary, And over time the value of the asset will increase and help to exit the market safely.This approach requires patience and belief in the fundamentals of investing. However, it is imperative for new investors to conduct thorough research and consider the individual circumstances of each investment before implementing this strategy. DCA treading is the better strategy for this' Buy the DIP and Hold '
Don't just invest thinking this way but accept what is real and then you have to invest. If you think like that I am investing and I expect this investment will give me something good and of course after I invest I will get a lot of profit from this investment. Investing with such expectations means that you are investing only with positive prospects. You can't just invest thinking that something positive can happen, you have to invest in such a way that you believe that your money can both gain and lose. However, since you are investing in Bitcoin for a long-term plan, your risk is of course much lower and the chances of profit are high if you hold it for a certain period of time. Those who invest with the thought that what is there will be seen later, after I invest I will surely profit, it can be seen that these investors cannot hold their investment for a long time. So invest by accepting what is real and what can happen so that later you don't face any problem in holding your investment.

If you wait until you have a comfortable emergency fund that will be enough for you to take care of things when the need arises, you won't be able to invest, to me, I don't think that there is any amount that we should have before investing, beside an investor should not think of being alright financially before making investment move, the only aspect one should consider is how much that is coming in daily, weekly and monthly after this check, the money should be divided into a segment, the one for emergency stuff, other needs and the investment itself, with this idea one can start from somewhere and never think of withdrawing his or her investment when fully involved.
Since our investment is through money, we need to plan our money before investing. This must make me think about how much income I have and how much I can invest. But if I plan based on my income then I can't manage my investment properly. Investment is not one day investment or investment is not for short period of time, investment is long term and investment is usually done in long term plan. I thought I invested and I thought I sold the investment but we are not able to invest properly. The amount of money being invested must be invested for a long period of time and if there is excess money it can be added to the investment if possible. But I would never ask an investor to invest so much money that he would need to sell his investment later. Investors should invest relatively small amount of money and if an investor wants to keep more money with him so that he can use that money for his needs but it is a better decision not to sell the investment before the specified time. Based on the amount of money left by the investor every month or every week, the investor has to decide how much money he can invest every week or every month.

Personally, I do not like ideas of "going all in" to investments...

To me, it sounds like gambling and or trading rather than investing.

Even though I get the idea that reserve funds can be saved up in order to have extra cash that goes beyond regular DCA buying to be able to inject into your BTC investment at various points along the way, especially at various dippening points.

You are right but investment is now the only way to be profitable for everyone, trading or gambling without experience is not very profitable, if one invests in Bitcoin now, it is almost certain that he will be in a profitable position within a few months.
Also as per your suggestion if one trades and gambles intelligently then more profit is possible, but most of the wise people can't do these things by following the right rules.

Even if someone started investing $100 per week into BTC near the top of the first 2021 peak and through the second 2021 peak, and he continued to invest consistently and persistently that $100 every week for the past 3 years, he would be profitable right now since he would have had invested right around $15,700 and he would have 0.558 BTC ** (which would be worth around $22,320), and personally, I think that would be a great place to be for a person with that level of a discretionary/disposable budget..

**[b]Edited:[/b] Here is the link for DCA of $100 per week for last 3 years https://dcabtc.com?sd=2021-01-24&sda=custom&f=weekly&d=3_years&ac=10000&c=true

You have definitely said a good way where people can invest very easily and plan their own way how to arrange their investment plan regularly, I hope many people will find your way useful. As per your suggestions if one makes an investment plan for 3 years and maintains consistency then it is certain that his life will change before the first term is over.

But we find that there are many people who expect leverage too quickly and trade or gamble in which case people lose against profit, ultimately losing the original investment money. It is important to make proper and the right decision.
Our nature is such that we cannot wait too long for anything. We try to find shortcuts for everything. But it is better not to take shortcuts in changing your destiny. If a certain amount of money is invested for a long term and gradually increases its investment over a long period of time, then there is a chance of a big change in our financial situation. To get rich overnight we mean gambling but gambling has made very few people rich. There is no chance of losing money in investing but there is a chance of losing money in gambling so why should we choose a site that will lose money in changing our lives. We need to work hard and be confident in our investment without giving too much importance to the fact that gambling can change one's life. If there is faith in relentless work and investment and if one can move forward according to that faith, then one's financial situation is bound to change. We have enough time but we don't have enough patience power but we need to increase that patience power so that we can take proper advantage of the opportunities.