Quote from: Mr.suevie on Today at 02:18:34 PM

Quote from: oppophonebox00 on Today at 09:27:46 AM

Those who want to hold Bitcoin for the long term must keep a close eye on the crypto market. Whenever you see a dip in Bitcoin price in the crypto market, you will try to buy and hold Bitcoin. But I know that Bitcoin will pump multiple times in the next few years. .Now bin our time and expect to earn multiple times in a few years from now.

Well I don't think it's entirely necessary to be watchful of the market price if for anything don't do that, I think this particular constant watch of the market is actually done by short term trade and besides you might get all tense and maybe invite the fear which can lead you to sell off your coins instead why not just plan it out, like for example have a fixed amount although it can be flexible depending on your earning for it to affect your other activities, you set up that amount and go with constantly on a weekly or monthly depending on how you deem convenient enough for you and this process is @DCA although you can still be watching the market but not with the seriousness and zeal I read from your statement and the reason being in case there is actually any dip in the market you can use that to your advantage and buy the dip and moreover that's the whole essence of this thread for us to actually know how to BUY the DIP and HODL it so nothing bad too.

Technically we don't have to keep watching the price of Bitcoin to buy the dip, we simply have to create a trade order at desired price, let's say if the current price is $42K and we expect to buy if the prices reaches $35K then simply we have to create a limit order with that price and if market fell to that level then it will be bagged but it's suitable for big investors and retail investors who relying DCA for their accumulation can't afford to lock their money with no vision of when it will happen. So we have to design the strategies based on our risk tolerance and for long term holder that $7K price difference won't be a big deal so retail investors keep investing and look the bigger picture after years.