Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
arjunmujay
on 20/03/2024, 21:33:11 UTC

buying DIP is one of the best ways to get a big profit from the price movement of bitcoin until the time limit of how strong you hold it. but this can only be done by those who have a lot of money so that they can buy bitcoin as a whole.


I disagree with this statement where you said this can only be done by those who have alot of money so that they can buy Bitcoin as whole.

A dip is considered to be any price point that is below the ATH, hence any one can make purchases at that point and you must not necessarily have a lot of money to buy a whole Bitcoin before you can make purchases at a dip. Your statement can actually be misleading, the dip is when there is Price drop from the ATH any one can buy fractions of Bitcoin and not necessarily a whole Bitcoin.

And when there is a dip an investor tend to buy more Bitcoin with the same amount of money or probably make a lump sum buy and not necessarily buying a whole Bitcoin just as you said.
the DIP category actually depends on each person how to judge it. so if as you say, it could be a 1% or 2% drop from ATH according to you it is already DIP. yes, and that can happen if you keep bbitcoin for years until bitcoin touches the new ATH several times. but for me personally, DIP is wider or when bitcoin corrects deep enough from ATH.
and what I mean by buying the whole here is not buying all the bitcoin available in the market at that time. if you are a so-called whale it might be possible. but what I mean is buying the whole 1 BTC alone not split into small parts.

If profit is made by only those who have money to buy bitcoin at the dip as a whole  what's the essence of the exhaustive discussions about DCA from the beginning of this thread. The dip is an opportunity to make profit from both those holders that bought a lump sum and those that are with DCAing strategy, when the bull market is in place after all of this correction both the cda holders and those that bought bitcoin as a whole 1BTC will all make profit. What's important is keep stacking and holding for as long as it takes no matter the category of holder you fall in.
I don't blame your argument, because it is also true and I have also written it in the previous post. because in the previous one there were 2 statements between buying DIP and DCA. a little I summarize again, so for those who have more funds and can buy bitcoin as a whole when the price is down far enough. and for someone who doesn't have enough money to buy it as a whole, can use the DCA method. so that you can buy pieces of BTC until you meet 1 BTC and so on.