Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Tmoonz
on 09/04/2024, 12:01:04 UTC
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
The DCA is Not the first step to buy, it's the best strategy to buy for most people because it will save you from stress unlike the DIP and HODL.



Firstly, we can not generalize that the dca strategy is the first step to buy and hodl,  reason being that there are investors that doesn't care much about market volatility with a higher risk tolerance level such that they may  even make there first buy a lump sum buy on receiving a huge amount of money and buy right away, undoubtedly there are those that has acquire the basic and fundamental knowledge in Bitcoin and has built lots of confidence and conviction in what Bitcoin has to offer but are very limited in terms of finance may be even struggling to meet up with there basic expenses let alone making any form of investment, but while on receiving a huge amount can decide to make his first buy a lump sum after making arrangements for his basic needs and provisional emergency, reserved and float funds, with a side business that will assist in other of his or her daily expenses while he or she make other plans for the up and down that may or may not happen which includes, a weekly or monthly dca, or buying the dip, in other to balance up the overall investment portfolio in terms of investment goals and objectives (quantity of Bitcoin and time horizon). Example a man can win a lottery, selling of inheritance or an assets or probably get a well paid permanent job and probably mortgage a laon that he or she will be paying by instalments at the end of the months.


@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved