Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
ultrloa
on 11/03/2024, 22:34:29 UTC
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.

Waiting for the price to drop again at this market conditions is not a good sign and doesn't look like that person will make the better side of the good profit of this investment like other early holders would earn. DCA is a strategy that when understood and followed as required, the current price of market wont cause you a lot of concern or make you think twice before investing into bitcoin when you can afford to. The strategy have cut the barrier of having to buy your bitcoins at a very high price but when calculated, your average entry price will be lower than the highest amount you have ever bought bitcoin with. The market is bullish and there is uncertainty of the market to return back to a lower price that a lot would have want to enter the market with again, it is better to start accumulating within a timeframe and when the price drops, you can still get to accumulate more on an a lower price entry.

The price continue to rise so I guess we can't see a dump for now since there are so many people are so hype with current situation that's why maybe its not good for now to wait for a dump or correction to come. But if they could able to wait well its there choice but in this current situation where market is so intense for its upward gains I guess maybe those who continue to doubt will regret their decision for not buying since for sure they continue to doubt once the dump they are waiting for will come since they get afraid again if the dump is continuous and they think about same line bearish trend coming. That's why knowledge is important and good trust on bitcoin so that there hodl plan will happen since if they are not really good or financially prepared well their doubts will continue and they can't execute well their set goals for bitcoin.