Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
JayJuanGee
on 27/03/2024, 04:11:59 UTC
When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

You seem to be a bit mixed up.

A strict DCA strategy does not care about prices, and just buys BTC no matter the BTC price while employing some kind of system to figure out how much disposable income is available and determining how much of the disposable income to use to buy bitcoin. 

Of course, you can supplement your DCA strategy with either buying on dips or lump sum investing, and so guys have to figure out their own individual factors (perhaps 9 of them) in order to determine how much BTC they want to have and how aggressive or whimpy that they want to be in terms of their ways of accumulating BTC.