Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Sim_card
on 19/03/2024, 11:30:11 UTC
⭐ Merited by JayJuanGee (1)
Does Bitcoin actually have a Dip season? Or just when you are capable to purchase that comes the investor Dip time?
Anyways, let me just say buying at the Dip and holding is the best format to purchase your Bitcoin and accumulate as much as you can while the markets erupts to be appreciated in values.
Quote

The market do dip, and that is why we have the bear market. Buying at the dip is the best if you are prepared for it and you were able to buy at the bottom line a significant amount, and hodli gives the highest profit in the long run. But this period is not the best because you will keep on waiting for the dip, amd when it comes, you might ignore it and believe that the price will still go below, and this will make that investor miss out. A new investor who wants to start his bitcoin journey should use the best of all the three strategies, which is the DCA method, because his focus is to keep on increasing and building his bitcoin portfolio regularly so that in the long run, he can be able to ha e acquired a certain amount of bitcoin with ease, due to his discipline and sacrifice on regular buying of bitcoin weekly or monthly. With the DCA method done properly, you can reach your bitcoin target or close to your bitcoin target faster than who only buys at the dip.

It is good that as you are DCAing, you should have plans to lump sum or buy at the dip whenever, extra cash comes in that was not expected and can be ignored. When that investor has accumulated 70% of his bitcoin target, he can choose to use only the buy dip method, because his bitcoin stash has reached a good level, and whatever amount he uses in DCA might be very small to the size of his bitcoin investment portfolio that it will have no effect, but the compounding value will be bigger.