Re: Buy the DIP, and HODL!

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

Exactly. Delaying their bitcoin journey, not knowing that if they miss this bull run, the next time they will find it will be 4 years after the next halving.

So many people are not aware of this, that the crypto market is divided into the bull run and the bearish market. The best time to invest in bitcoin is during the bearish market, and of bull run, have a selected price tag to sell some part of your bitcoin and hodl the rest because no one knows what the price of bitcoin will be in the future

The point is, do you the assumption that investing in Bitcoin is only appropriate in bearish times?

In my opinion DCA does not look at the market angle between Bearish or Bullish where if someone buys with DCA they will continue to buy every week without any pressure for them.

That's what I like with the DCA technique, we don't need to worry about price changes because we always buy it every week.
It is certainly very appropriate for beginners to use DCA rather than using other techniques in the investments they make.

The only people that gets worried using the DCA are the short term investors because they always have this buying at a dip and the price skyrockets, they sell off. Using the DCA is for long term hodlers because that is when the desired profit would be met even if you don't have money to lump sum at an extreme dip but it helps you accumulate to a certain level within the long run. Obviously, a lot of investors await the dip before they accumulate because they want excessive profits but Bitcoin investment doesn't work that way as every price is a buying time so far as it is within the long interval. If an investor continues waiting for a dip they may end up not accumulating at all.

quote author=I_Anime link=topic=5132720.msg63925077#msg63925077 date=1712707010]

Quote from: JoyMarsha on April 09, 2024, 11:31:05 PM

Quote from: Berry2d on April 09, 2024, 03:00:25 AM

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

Where most newbies mostly have issues, is thinking that bear market is the only best time to accumulate Bitcoin. To accumulate Bitcoin during bear market is also pretty nice . But we should know that there's no best time to accumulate bitcoin, because every time is the best time to accumulate Bitcoin. That's is always advisable for newbie to focus more in using DCA to accumulate Bitcoin, and not to wait for the dip before purchasing. IMO the only set of people that can only have such mindset of purchasing only during the dip are those that are gotten their accumulation goal . Because they have already gotten themselves some good quantities of Bitcoin already, so maybe if they encounter any dips in market they can purchase that dip with lump-summing style .

While keep holding....
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Technically Bitcoin investment requires some good insight of the strategy you can apply at every stage of your investment reason being that Bitcoin accumulation is a process, depending on it's activity in the market. It's so unfortunate that some people more especially the ones with low income earnings mostly depends on the DCA alone even when there is a drastic dip because they don't have enough money to do the lump sum in that particular period of time. Every investor, even if your in-flow is very little, should be able to maximize your source of income so that in a case of immense dip your can basically lump sum a heavy dump so that even if you don't continue DCA you have already accumulated a whole lot of stash through lump summing.