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.

I'm pretty much aware that they are other nice strategy out There for accumulating bitcoin. But they all have their time ( depending on market conditions) . For instance you can't just keep waiting for the dip always before one should consider accumulating, So is better for to continue with his DCA purchasing , having some funds set aside (which known as reserved funds) to purchase the dip whenever any occurs. The other way of accumulating are also helpful when it comes to bitcoint accummulation, but being consistent with your DCA is just the best too, and also making use of the other strategy for instance, spreading out your reserved to purchase the dips ( or you can all in at once but still prefer spreading it), have some nice amount of money to spare as a normies you can go all in at once with the use of lump-summing strategy, depending on the market condition, So if you look at it we are clearly on same page here.

It has been discussed often times on this thread that there a various strategies to use in accumulating Bitcoin and of which as a beginner we all learnt that using the DCA strategy is the first step to buy and HODL and again we also learnt about the lump sum and the need for a reserved funds (emergency funds) while using the DCA because it is what will guide you not to miss your DCA at some point because that is literally an amount set out for miscellaneous and sudden expenses in the future, so instead of this future challenges to affect the DCA, emergency funds will sort those things out.

Let it not look like we are making a repetition of our discussions here so some times we should spend quality time going through this thread then you will understand some basic concepts that is required as a bitcoin investor to accelerate your accumulating process however, every body has there various pattern of investment as some will choose to buy at once and HODL for a long term pending when they will record some reasonable amount of profits then he can decide to sell some of his Bitcoins. But to me since I started following up this thread I have been able to understand the need for DCA because it will make you not to stress yourself all the time because you literally gonna accumulate at regular basis and might end up accumulating more than someone that just made a single deposit and stopped accumulating and moreover, accumulating at regular intervals keeps your investment alive and also makes your wallet active.

@Richbased, the reason for much repetition is as the results of newbies coming in the forum on regular basis and those old users that are much informed about the knowledge that is shared here, yes a lot has been discussed in this thread and so many pages has been flipped but the honest truth is that even after going through the previous pages to gain knowledge and concepts, many will understand why other may not and probably misinterprete what they have read at the point of making contributions of course corrections will be made in order not go home with the wrong information which i see as one of the reasons for repetitions.

I see you are kind of indirectly making comparison between dca and lump sum which might not be necessary because they both have their prons and cons and their unique functionalities such that one may outperform the other in different situations. However, irrespective of your choice of strategies, whether you lump sum or you use the DCA strategy or even combining the both, it will all boils down to your financial/psychological situations, your investment goals and objectives inclusive, and owing to the fact that different situations may arise at different time. Hence, you can be consistence in your dca and receive a huge sum of money and decides to invest that money as a lump sum and probably sees it as an advantage of balancing or rebalancing your investment. It is also for you to know, that you bought at once doesn't mean you are leaving your investment rather your will be thinking of how best you can make a balancing or rebalancing of your overall investment if and when necessary. Hence what is most important is the size of your Bitcoin investment and how long can you be able to hodl.