Re: Buy the DIP, and HODL!

If there is no different funding then Bitcoin will be held off for a long period of time.

If there is no emergency funds available there is no way you can hold your bitcoin for a long time. That's it has been emphasized several times that for you to hold bitcoin for long as an investor make room for emergency funds.

Maybe some people still don't understand some of the pressures that have been said previously for this reason, so there are still people who immediately rush to invest in Bitcoin with only minimal capital and their own intentions and determination without considering emergency funds for themselves in life. Because logically, emergency funds are needed to be able to maintain the Bitcoin that we have previously purchased so that the amount of Bitcoin that has been saved will not be disturbed by bad things in real life.

So this needs to be well understood by everyone who wants to store Bitcoin more comfortably by implementing purchases in several stages or by implementing DCA as has been done by many people at this time. In my opinion, Buy the Dip, and Hodl can be done by everyone by making stages or by DCA as long as everyone has prepared emergency funds so as not to disrupt the previously determined Bitcoin purchase plan within a certain time.

Though it has been discussed here severally that emergency funds should the number plan of an investor so that his Bitcoin portfolio will not be tampered from time to time, but I want you to understand that if an investor is waiting for huge of emergency fund he won't be able to invest in Bitcoin.
I think the remedy to this is that, the investor should set his plans with the available fund, keep the emergency fund aside and do the needful with the remaining fund because, there suitable strategy for everyone here, that's why it has been said that invest with the amount within your reach and as your income keep increase, you accumulate more.
An existing or incoming investor that experienced the dip period should buy but am against waiting for the dip itself because it might t favor you as you calculated.

Bitcoin investment is something we should not be in a hurry to start if we don't have a source of income. If you use the available fund to start your bitcoin accumulation journey without any source of income, you will tamper with your bitcoin holdings to survive when the available fund has run out. Do not allow FOMO to make you accumulate bitcoin when you have no source of income. Before you accumulate your bitcoin, make sure you have a place where you are getting money weekly or monthly to enable you to keep an emergency fund that you will use to settle your financial needs so that you can accumulate your bitcoin without depending on your bitcoin holdings to take care of your financial challenges.

For the fact that market is volatile we should plan each action we want to take since if we rush all things since we got FOMO on certain situation then provably we will fail by the time we acquire our bitcoin since provably we can face something negative especially if market declines and for sure we don't want to see that.

That's why its really better to widen up our knowledge first and learn each strategy mentioned by a lot of people for us to try so that we can develop something that can possible help us regarding on what path we are going to take. And once we experience a lot of things here especially on our trades for sure at that time we will not get bothered about market events and we will be in focus on the timeline we set or either we want to trade using DCA or strategy or we don't give a shit on anything and all we want is to hold.

Volatility is inevitable for any growing new asst like Bitcoin but is mainly a problem for short term investors know as traders because long term investment does not requires you looking at the market price of Bitcoin regularly. For instance, if I start my bitcoin investment today and plan of hold for 7years or more I will not be bordered when price drops especially when am using my stable process of DCA strategy.

For those worried about the volatility nature of bitcoin the DCA strategy is highly recommended as the advantages are too enormous that is why it is all over this thread.

Volatility shouldn't affect our mentality because a smart investor will only take advantage of it by buying more at dip.