Post
Topic
Board Speculation
Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
Marvelockg
on 28/04/2024, 12:51:02 UTC
⭐ Merited by teamsherry (2) ,JayJuanGee (1)
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I am also a person who has a monthly salary and works in the government, For investment I focus more first on my family's monthly expenses and for investment I allocate buy BTC with DCA according to propriety, sometimes this month it can get 0.00047 BTC and sometimes next month it can be up to 0.00067 BTC.
Since you are using a good strategy to buy bitcoins, I think it will be beneficial for you to buy. But you must keep in mind that investing should never be short-term thinking but for the long-term you should invest and hold the fraction of bitcoins you will have. Since you are a working person, and you are running the household expenses from your monthly salary, the amount you will invest later is small, but it is a good move for you. Since you regret investing this amount every month and maybe a little more next month, this buying style is not bad either. If you invest using DCA it will de-risk you a lot, but you should always analyze the market, and it will be good for you. Also, you should know before investing that you only invest the amount of money you can afford to lose.
As long as @martinex have figured out the amount that he is using for regular DCA without it affecting other financial aspect of his life, he does not need to analyze the market. This is because he needs to focus on accumulating, and analyzing the market will be a distraction for him. Also we know that to analyze the market is difficult and no one can predict the next price movement of bitcoin, which always make most traders run at lost. He is not trading but hodling and building, which makes market analysis useless to him.
I find it strange when I see such recommendation about attempting to do analysis of the market before buying, most expecially when you're considering the fact that you're talking to someone that's still trying to factor other aspect of his life out and still find a middle ground to invest a portion of his cash into Bitcoin. From a first person point of view and considering that I've worked at some point in a place where I'm being paid monthly salary, it's always deficult to keep your salary in your account for long without spending it on unplanned things since the pay isn't always that much and if you've decided to invest let's say 20% of it into bitcoin and then after you've received your pay you decide to wait and probably analyze the market for the best time to buy, you might end up spending the money all out before you're even done with you analysis. What's even the point of stressing yourself to analyse the market before buying when you're considering investing for the long run? Will you be able to continue doing that for a period of ten years

The point some guys forget is that you don't really make much profit from your Bitcoin investments because you've been able to time the market to buy at certain DIPs, the point about buying during the DIP which I feel is what he's probably referring to while talking about timing the market is that for individuals that have additional funds outside of there DCA amount, they can decide to take advantage of those moment when they eventually play out and increase the quantity of there Bitcoin that way and it's never for just anyone that's still with a small portfolio and that don't even have a good amount of fiat to consider such things.