I don't think this is the best time to use this term BUY THE DIP AND HODL!. This is because we are not in the dip, and we are in the bull market, because bitcoin has passed the previous ATH. What should be said now is DCA AND HODL!, because at the current bitcoin price, it is only DCA that is the best strategy in which some accumulating bitcoin can use to increase his bitcoin portfolio due to the high price of bitcoin.
I would not even lump sum if I have the money to do that, because bitcoin price go into correction, so DCA regularly either weekly or monthly and hodli for a very long time, and when the bear market appears again, you can buy dip and hodli. However, this is my personal thoughts that I am sharing, and we all have the right to do whatever we think is best for us, but you will be responsible for your own actions.
I use the DCA method to accumulate Bitcoin every two weeks, so in this case I want to tell you that we really don't think about the price when we buy Bitcoin. Why, because we buy regularly so we will find an average entry price when we are satisfied with our BTC holdings.
Yes, it's up to them to interpret whatever they want in this bullish condition, but in my opinion we still prioritize the term Buy and Hold in our investment journey. For this reason, continue to stick to our respective concepts, where if you think that this bullsih condition is disturbing your concerns about buying Bitcoin, then you can wait for the price to fall to be able to accumulate Bitcoin.
Indeed, everyone has their own concept or strategy, and for me, as long as it is aimed at the long term then it is the right choice for Bitcoin.
And I treat Bitcoin like a beautiful tree or flower, I mean. DCA is the same as when we care for trees or flowers that have value and also treat them with great affection, and we will also care for them well. And the most important thing is to provide fertilizer regularly so that the tree or flower continues to grow tall and strong, and produces more beautiful flowers and will make the tree or fruit have a higher value if we sell it.
And even if the tree or flowers are expensive. I will continue to care for it and apply fertilizer so that it grows taller and produces more flowers, until the tree and its flowers grow old and I will cut it down to harvest and make a lot of money.
So I assess the concept of Bitcoin logic as such, and it's just something that I think is easy to understand and makes sense. And I told the concept of DCA on Bitcoin to some friends, family members like that and it was very simple and also got them interested because it made sense.
So keep buying Bitcoin regularly a week, two weeks or a month and this is the same as continuing to provide fertilizer regularly so that the tree or flower becomes tall and produces lots of flowers. And when the price of Bitcoin is high, or the tree already has a high price value, then we have to keep holding or caring for it. The goal is for Bitcoin or the tree to reach a very high price or the tree to become very old and produce lots of flowers to sell or harvest and make a lot of money. This is caused by the patience and strength to resist temptation even though Bitcoin or the tree has produced large profits or value because they still feel unsatisfied, and continue to hold it and provide fertilizer regularly so that the Bitcoin or tree becomes higher in price, and will sell it when we already feel satisfied and fit and make a lot of money.
I hope you understand what I mean, because it's easier to say it directly than to write it down like I did to them and they really understand it.