Re: Buy the DIP, and HODL!

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.

So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.

Yes, people don't need to be rich before they can start investing in bitcoin, but they need a good income source that can cover their expenses so they can accumulate bitcoin without finding it hard to solve their unforeseen financial problems. This will allow them to hold their bitcoin for the expected year they want to sell it.

While going through you all comments on this thread, I had a thought may be one of a genius not to hype myself about it but what do you all think about Incorporating both the Dip and hold with the DCA strategies.

To further elaborate further, what if you only apply the DCA strategy when it’s a bear market that way you’re constantly buying BITCOIN at a low rate you can simply set a stop price in your head of when to stop buying more BITCOIN and simply hold till it’s next bear market, This would aid you in accumulating a lot more through this what do you guys think is it all craziness Huh

Yes, both strategies can be combined to get the most perfect investment, but not with your level of understanding and explanation, it literally becomes not a good practice from what you just responded. The DCA pattern is a strategy on its own not dependent on any other strategy but only be positively compromised by purchasing massively during Dips.

The best way to go about combining both is by focusing mainly on DCAing as a strategy, since the DIPs are bound to happen during the cycle we can now apply catching the very DIP by investing massively in same DCA kind of approach and same intervals. It's not really necessary nor advisable to hold funds in regards to waiting the bear market, during the holding process unforseen circumstances may happen which means altering the investment plan.