Quote from: Lamkuthang on Today at 08:43:23 AM

Quote from: wendty on January 28, 2024, 11:45:45 AM

Indeed, for people who are optimistic about bitcoin, choosing a buy the dip and HOLD strategy is a good strategy to add to their portfolio. However, as an investment strategy, of course, buying the dip must be accompanied by controlling risk. One of them is by determining the target selling price when we buy when the price drops.

Not only that, this factor alone requires reading the direction of the market. For example, if the market keeps going up and up in a day, slowly and normally, in general, the lowest price is what we are most looking for to buy, especially if we have set a schedule beforehand in a week, at least we can buy and BTC installments at least 3 times.

Buying bitcoin with the BUY DIP and HODL strategy is indeed a very good strategy. However, if you invest in bitcoin in the short and medium term, market analysis should be studied carefully. Because this sales period requires that this be done seriously.
But if you are investing in Bitcoin for a very long period of time, I think this analysis factor may be secondary. Because investing in the long term, provides great sales prospects in the future. So buying bitcoin at a rather expensive price today, most likely in the next 10 years this will not have a big impact on profits. Therefore, DCA will be highly superior if you invest in Bitcoin in the long term. Because buying bitcoin with the DCA strategy makes things easier for us with minimal analysis that we can do.

Therefore

If you want to invest in the short or medium term, BUY DIP and HODL will really help.
But if you want to invest in bitcoin for a very long period of time, then the DCA strategy is the most suitable to do.

Note: It all depends on each person's personal wishes. Because everything must be done based on one's own desires.