Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dailyscript
on 14/04/2024, 11:04:51 UTC
⭐ Merited by JayJuanGee (1)

Overall, I agree with your point avp2306.  For long term investors, they just keep buying BTC, and there might be some folks who are stimulated to get started in BTC because of the dip, but if they are a long term investor, whether there is a dip or not should not make very much difference, even though it can feel a little bit better to try to keep your average cost per BTC down - even though it is probably not going to make as much of a difference to be getting worked up about how much BTC is costing you, versus just ongoingly staying persistent in terms of stacking BTC, so that down the road.. whether it is 4-10 years or longer or some other timeline, there may well be decently good chances, that the amount of stacking is going to end up having some kind of a feeling of a reward - so long as they guy is able to keep his coins and not lose them.. which there might be some mistakes along the way too, but if the stack is mostly building and likely to continue to appreciate in value, there's likely going to be better feelings about the BTC having had provided additional options that would have otherwise not been available.
Getting started because of the dip is not a bad entry into BTC. If they have conducted their personal research on the assets they already new they have missed good opportunities to enter the market before the halving. No doubt, many investors trooped into Bitcoin investment because of the historical cycle data behind the halving period which is quite impressive. For starters like them 20-30% extra buy into the dip is very encouraging but for old-timers continuous DCA approach is what is needed, they could as well take the dip as an opportunity to add some extra fractions if there are more disposable income to spare.

While Bitcoin dips for some time now it is god to buy. It hits some bottom by going to the range of 62k and might even go below. Although it is not right to throw all our cash into it because we feel it is the bottom and that is what most starters would fail to put into consideration. Supposedly that was the bottom the many were looking for it could go below more. If we want to buy the dip we can as well use a DCA strategy to buy the dip. Like using a certain percentage of cash we kept to  buy the dip to buy it gradually every week until we have completely buy. Who knows we may buy at a more dipper dip price, uh you know what i mean!