Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
teamsherry
on 02/05/2024, 19:30:55 UTC
Right now instead of getting panic on the dump people can continue to accumulate since their aim is for the long term and not for short-term trades. If they got afraid for sure they would be the loser in the long run.
this period is obviously in line with the statement that Everytime is the best time to buy BTC and the DIP is even the better time to buy more. although $57k isn't all that DIP and for most people that are buying there BTC using the DCA methord, it doesn't make a big difference if the market is getting bullish or bearish since you've already set out an amount that will regularly go into your weekly or monthly DCA and would have to continue in your stacking regardless of the market trend but if the resource is available, correction like this presents a perfect opportunity to buy more. But you know that if the amount you're using for your weekly or monthly DCA isn't much, regardless of wether Bitcoin is at $57k or $80k, you aren't really on a big advantage that much since what's really a major factor that determines if you're in profit or that determines if buying at certain DIPs will put you in good profit is that you've bought more BTC at such time.


DCA is a good strategy but we can't look down on the fact that mixing up strategies is even better when accumulating bitcoin, you might be thinking that 57k isn't much of a dip but I tell you that this might be the lowest the price can get or it can also dip even more, so what do I do if I were thinking like you are, I split the amount I wanted to use to buy bitcoin into parts and buy as the price continues to dip that way I'm better off than waiting for one big dip that may never come.

I think at this point fkr most of us that have been growing our reserves this might be a good time to start buying, we have talked a lot about waiting for dips and how unlucky you can be, it's good you take advantage of what you see that wait any longer.