Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Hewlet
on 20/03/2024, 15:53:40 UTC
⭐ Merited by JayJuanGee (1)
Investing in Bitcoins must be done using the DCA method, as you need to have regular investments. If you invest in high speed market you will invest regularly in dumping market. Then your average price control will come and your investment will be successful. So you can make your own way of regularization from the list.
Please this is not correct, there is no law that says investment in Bitcoin must be done through the DCA method because the DCA method is just one way of buying Bitcoin and not the only way. There are other methods and even the caption of this thread mentioned buying the dip which is one method of buying that is also great. It is not right to send the wrong or incomplete message out.

I have seen many great investors in Bitcoin who were able to share their story and most of them never used the DCA method, they just bought when they had the funds and were not too interested if price was low or high because their believe and trust in Bitcoin was high so they believe that the investment will not go bad especially as they planned holding for very long time. It should have been clear to you by now that the success of a Bitcoin investor is highly dependent on how he manages the investment than how he made the investment. So being able to hold your Bitcoin after getting is very important and should occupy most of our planning because any method used to get it is fine as long as we make plans to hold it while living our normal lives.
I can't agree less with you. The thread has made it obvious that buying during the dip is an option and along the conversation we've come to see that their are other fantastic methods that works also well like the use of the DCA methord and the lump sum purchase.

That you're applying a particular method doesn't mean any other person that isn't using that methord is doing anything wrong or different. What's important is that you're are able to meet your goal at the end of the day. To some extent, I don't blame those that make such conclusion that the DCA method is the best methord. It's probably because by virtue of their financial level, the only thing that can work well for them is the DCA methord and so they just need to stay fixed on accumulating some amount of satoshis even if it takes them years to meet thier investment goal. Outside of the DCA methord, Buying during the DIP is very profitable and like you've rightly pointed out, some persons don't even have a defined methord of accumulating Bitcoin. All they do is that whenever they have the resource, they just buy and wait until they have another resource and then they buy more.

It's good we understand that it's not everybody that are orderly with their investment. Some can't be disciplined enough to try buying with the DCA methord because if they ever try it, it won't take them up to the third month before they start skipping their investment routine. Such people might necessarily have to push out whatever comes their way immediately because it's possible they aren't good with income management and so what might be their best strategy would be lump sum purchase. No doubt, the DCA is good especially for someone that's disciplined enough to continue for a longer period of time. It will certainly increase the quantity of your holdings but outside of the DCA methord lies other methods like buying during the DIP, making lump sum purchase and doing a combination of them.