Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
cxtreenal
on 22/03/2024, 08:31:59 UTC
~snip~I guess part of my point is that any of us here should be suggesting something that we are practicing or that we had been practicing and we think is the better way forward based on where BTC prices are right at this moment and in terms of whether the guy is ongoingly buying or engaging in some other potentially reasonable approach to the matter.
I mean in general not to look long for a dip, now if one is able to find the maximum dip in 1 week then that is definitely a good thing for short term. But those who have money to invest and those who have been investing consistently for a long time have many advantages. Because I think you'll agree with me that they know they have to wait a few years to get the maximum dip, but it's very difficult to get it nowadays.

But currently only following DCA can't make much profit if one thinks in 1-2 years, but if one does it again in 5-10 years then chances of profit again are very high.
I like to suggest $100 per week, even though I know that some people do not have that level of disposable income, so they just have to figure out how much disposable income they have and that they can allocate towards bitcoin in order to have good chances of having more options for themselves 4-10 years or longer down the road.
Small word about your "disposable income" meaning a lot. Disposal income is a key vehicle in long-term investment strategies. This catalyst is the driving force for long-term growth in Bitcoin investment. Apart from that there are other elements like investment strategy and right timing...It goes without saying that DCA is the best investment strategy.