Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Churchillvv
on 07/02/2024, 15:19:30 UTC
To you (smelody), your quote took forever to scroll pass, it's not useful to quote the whole post instead you should just quote only the few lines you wish to elaborate on.

Although you're a newbie so it's understandable but you should take note henceforth.

Additionally, I guess you didn't get what exactly JayJuanGee was trying to say or you are probably omitting the point. I will buttress in order for you to understand.

There are some of us here in the process of accumulating Bitcoin we tend to see opportunities of selling out our bitcoins in order to accumulate more but this narrative of some is quite wrong. what JJG is trying to say is the idea is not all wrong but for most of us at this stage it's very inappropriate to practice such because we may not still be in the position to sell in order to accumulate more. At this very earliest stage of accumulation we shouldn't be thinking of selling to buy more except we have acquired some certain level of knowledge in the accumulation practice or even gotten a good stash of Bitcoin which might take some years to get to such level.

At the end what his saying is its best to practice buying the dips and hold which is the context of this thread, DCA which is buying bit by bit with some designated amount from your income that would probably never affect your daily cost of living, and Lump Sum buying than go into some strategy of buying to accumulate more that is more risky for this very early stage of accumulation of ours.