Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Roseline492
on 21/03/2024, 18:48:32 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.

Of course is always an advantage for investors when the Bitcoin price drop because it gives an opportunity for people who wants to invest huge to come in, however in as much as is also good to buy Bitcoin when the price drop shouldn't cloud the judgement of most people who has less capital, to invest aggressively because with time it will surely way on them were they will be having different taught weather they will continue or not. So in terms of aggressive investment is totally depend on the individual portfolio, so if your Capital is not big enough you could actually continue the normal DCA while you can be able to manage yourself and other needs instead of putting or investing everything all in the name of taking advantage of Bitcoin price.