Quote from: ultrloa on April 28, 2024, 11:04:15 PM

Quote from: JayJuanGee on April 28, 2024, 07:13:20 PM

Quote from: ArumiBTC on April 28, 2024, 01:08:46 PM

I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.

It sounds like you are going to have fun staying poor.

Most likely that it is since that statement is just for people doesn't really know how to execute well their hodl plans. Maybe they are just caught up with some hype brought up by the discussions but they don't understand very well on how to make it done on real situation. Waiting for the dip is just for people who want to do trades and the risk for them to lose their money is high with that. If they really want to learn about how to hodl well then maybe they should research how DCA works or other methods to use for this plans rather than thinking about waiting for dip then accumulate since most likely there's nothing gonna happen to them if this is still their mindset.

It seems he did not go through the main topic of the OP before saying all those things. Buying the dip is not a full accumulating strategy its a buying pattern that comes in the middle of an investment. The investor chooses to buy the dip irrespective of the strategy he is using to accumulate faster. Such a reason is to increase the speed at which he would reach his goal. The reason why buying the dip cannot be a main strategy is because it requires timing the market and most times it would take ages to get time the market. If its adopted as the main strategy surely it will slow accumulation and most times the investor won't get a perfect time.