Re: Buy the DIP, and HODL!

My take on this Is buy when there is a drop in price, hold enough of it , whether Bitcoin or shitcoins, when it comes to crypto space we can't accurately predict the future, some years ago specifically the early days of BTC one will tell you that holding enough of Bitcoin was risky, but that can't be said of it today, as it has gained more values, the same goes to other shut coins buy when there Is a drop in price, hold as many as you can , and maybe later in future you don't know what will happen,

When Investing in shitcoins you just just invest like a life savings in shitcoins, because you can't predict the future of that shitcoins, but a life savings can be invested in BTC given that the future of Bitcoin is already bright, for newbies DCA strategy can maybe be suggested to them, holding coins for a long term really pays on a long run.

Most things you are just saying Is off mate. FYI we don't have to wait For any drop in price before thinking of accumulating, this bitcoin we taking about, well I guess the reason you have such mentality is due to the fact that you have been In to shitcoins for so long which is bad ( and your post says it all). There's reason why DCA strategy is there for us to make use of. It gives us the chances to purchase bitcoin at any price interval. And I won't advice to use such strategy in shitcoins so that you won't endup getting self reckt so badly , because the risk in shitcoins are just so much , so please try to reduce such urge in investing in and focus mainly on your bitcoin accummulation to be in more safer side . I hope in that part that I bold when you mentioned coins , hope you talking about bitcoin so that you won't endup misleading newbies in investing in some shitty shitcoins.

You seem too committed to the DCA method that you tend to have forgotten that there is another method of buying called buying the dips. There is nothing wrong with setting aside some funds to buy when price dips and when waiting, using the DCA method to continue buying without stop and waiting for the dips to buy lump sum. This is a kind of combined method which is very effective. I think most experienced investors apply this method and I recommend the method for anyone who want to fully take advantage of different market conditions.

thier is a huge difference between setting out special money for the purpose of buying Bitcoin during the DIP and setting out some money to investing in shitcoins and even think on holding it in the long run for a possible bull like what @kupacrypto is emphasizing. No doubt, apart from the DCA methord, if you have the chance to buy Bitcoin during th DIP it's going to be to your advantage but what's the issue is attempting to equate buying Bitcoin during the DIP and buying shitcoin for long term holding.

Apart from the fact that it's actually an off topic discussion to talk about buying and holding a shitcoin or altcoins on this thread, I haven't seen any shitcoin that has any close futuristic investible prospect anywhere close to bitcoin both in the past and presently and so I think it's very improper to attempt equating Bitcoin and any shitcoin. But then, as much as DCA methord is good, a combination of the DCA methord and buying during the dip is better. The reason why most persons still emphasis to buy using the DCA methord is because an average person that's participating in this discussion doesn't have enough resources to be able to combine both DCA methord and buying during the dip or even think about doing from loading. The issue with buying during the dip expecially for most beginners that arent financially strong is that In an attempt to wait for a convininece dip price to buy, it will make them wait almost for a long time and youre almost not certain when tye market will dip to the levek you are looking for and you know that fiat at hand doesn't just sit in your hands and wait forever, before you know needs will come up and you will shift it into sorting those needs and that's the main reason why it's best to set out a DCA plan that will help you buy a fraction of Bitcoin at an interval that's convenient for you and with an amount you're able to work with so if you probably have an increase in your pay, you can decide to increae your accumulation routine or set out an amount that's going into buying during the dip.