Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Callido
on 21/03/2024, 16:42:56 UTC
With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.
Bitcoin is a solid project, and I think there is no need to analyze the market before we can accumulate bitcoin because it might delay us from accumulating our bitcoin on time. That is why it is good to adopt the DCA strategy to accumulate bitcoin. With the DCA strategy, you will not have to analyze the market; you can accumulate bitcoin anytime your fund for DCA is readily available, and you can even accumulate bitcoin when the price is increasing or decreasing.

Actually I also don't think it's necessary to be analyzing the market as a long term investor, so to me the deep in price of Bitcoin is an opportunity for an aggressive buying,  regardless of the accumulating strategy you are utilizing, wether DCA method or lump sum, as long as your buying aggressively doesn't affect you in financing your basic needs, because I believe that Bitcoin investment is more rewarding to a long term holder, so it's pointless analysing the market, which to me is meant for traders, not investor like us that think long term only.
In terms of analysing market price and all that should be avoided at first start, at first start here is talking about the newbies. When referring to the aggressiveness I don't think it's okay going at once buying using the lump sum strategy as newbie it looks like gambling, accumulating bitcoin aggressively has process and as time goes accumulating amount continues to increase. I can use myself as an example, accumulating and learning has to do with process and there's no point rushing things except you have a deadline to meet as an investor or else buying aggressively as a newbie needs care and caution, having the plan to invest  from 5_10 years still has to do with planning. Even having 100% to accumulate monthly still needs your knowledge so I think accumulating aggressive has to move with our knowledge acquired. Having the money to buy using the lump sum strategy as a newbie still doesn't change the fact but rather I will go with the dca strategy at first cause I still have a long way to go with accumulating bitcoin and as time goes I can increase.
Buying aggressively does not have any concern being a newbie or not, first of all it depends on our understanding about Bitcoin and it's accumulating system. A person who understands Bitcoin investment, be it a newbie or not as long their is basic knowledge about Bitcoin one can decide to buy aggressively and it still won't have any effect on his personal life. Everyone is optioned with strategies and initiates them in a way it suits their want, people also prefer combination of two or more strategies since the whole system is to hold enough Bitcoin as to make good profits.