Quote from: Justbillywitt on March 11, 2024, 06:50:05 AM

Quote from: ginsan on March 10, 2024, 09:55:19 PM

Quote from: Frankolala on March 10, 2024, 04:40:03 PM

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.

For me if you have your weekly allocation that you use to buy your bitcoin I don't think the bullish market condition will disturb or stop you from buying your bitcoin. That's why the DCA method talks about investing a fixed amount of money on a regular basis as you deem fit and not about buying a fixed amount of bitcoin on a regular basis. If we were to buy a fixed amount of bitcoin weekly only then will the bullish market affect our buy, because the price we bought last week might have changed to a higher price and this will impact on our budget. But since it's about investing a fixed amount of money weekly or as it's convenient to the investor we can always invest. If we say let's wait for market to come down, we don't know how long we are going to wait, and in the course of waiting we will have divided attention and other things which will take the money will come up.

The price of bitcoin has increased a lot and the price continues to rise but we have not stopped investing or will not stop seeing the price of bitcoin increase. Let's never think that we won't invest just because we see the value of Bitcoin going up. Since we will invest in DCA investment method, we can invest in Bitcoin at any price level. In the DCA investment method, if the market does some dumping after investing in the first stage and in the next step if the investment can be made again at the lowest level of that dumping and if the market rises again at that time, then a compromise will be formed between the two investments. When there is a compromise between two investments, even if there is a relatively small loss, it will be recovered through the next investment and later the two investments will combine to bring profit to the investor.

DCA investment strategy is definitely a reliable investment strategy for long-term investment. DCA investment strategy allows investors to invest as they wish and where the amount of risk to investors' money is very low. Before investing, we have to invest by accepting that just as investing can make us gain money, investing can also result in loss of money, and just as we have to hold on to profits, we must hold on to our investment even if there is a temporary loss. If we can hold the investment during these two periods of profit and loss, we can take large profits later on.

DCA investing has been discussed in this section for a long time and those who post regularly in this section may have read these discussions well. After watching these discussions I believe those who have invested are now making enough profit. I have already invested in Bitcoin but I started investing in DCA investment method when Bitcoin was worth 17 thousand dollars. Since then I have been investing in Bitcoin using the DCA method. Bitcoin price has reached from $15000 to $72000 and between these two prices I have invested a lot of money and I am quite satisfied with my investment profit. I never expected the amount of profit I got from investing. I have made enough profit but I have not sold my investment yet because my goal is to reach $100,000 in Bitcoin and I will sell some amount of Bitcoin when I reach $100,000. If the market is dumping from here then I will not regret and if the market is dumping I will think it is an opportunity for me to get profit again.