Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Negotiation
on 22/03/2024, 00:53:58 UTC
It is important for investors to continue with their DCAing of bitcoin and also very important to know when to utilize the other methods like buying the dip. As an investor who is in for the long term investment, we left with different methods of buying bitcoin and we have to know when to effectively utilize them. Bitcoin was at $73k and suddenly dropped to $62k, an investor who understands how things work should know that this was a reasonable dip and at this point utilize the strategy of buying the dip with the money that was already set aside for buying the dip. It is not just enough to the strategies that are being taught here, but knowing when to apply them it's the most important, because if you don't engage with it, it won't profit you.

DCA also covers you for buying the dip in case that you don't have extra, you just keep buying and yeah, maybe you saved some extra for buying dips, but the main thing might be that you just keep buying since you don't really know how long the dip will last or how low it will go.


My opinion here is very clear because when you are looking to buy bitcoins you have to look at the low or high prices. You should pay more attention to how much you can save or invest or accumulate bitcoins. Then the continuity in investment will be fine. But if you want to buy bitcoins on your own and invest a large amount, it depends on your personal decision what kind of decision you actually make and with what kind of plan you manage the investment. But if you want to make a plan then I hope @JayJuanGee's suggestions will be very useful in your case