Re: Buy the DIP, and HODL!

OK, the DIP is coming and it's NOW the time for YOU to PAY ATTENTION. For those who employ a DCA strategy, it's probably a good decision to start making your purchases bigger. For those who employ a Buy the DIP strategy, start placing your bids NOW. Currently, the 200-Weekly Simple Moving Average is at $34,200. Will it touch that line again? Probably not, but near that line has always been a good buying opportunity.

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Bitcoin bounced back to $56500 today creating a substantial opportunity for Bitcoin investors. As Bitcoin broke the $60,000 line and dropped to the $56,000 line, Bitcoin may fall to $50,000, making it a good time to invest for Bitcoin investors. For those who invest using the Dollar Cost Averaging (DCA) method, this is considered a dip market enough to invest in.

Though it's actually true that the price of Bitcoin can drop even further, considering the market sentiment, but as an investor that we are, I don't really think it's necessary analysing the market before we start buying, because every time is an opportunity to invest in Bitcoin, and as an investor that is accumulating Bitcoin through the DCA accumulating strategy, you are actually going to be the most benefactor because at some point during the accumulate journey, you may buy the lowest part of the deep, and even decide to buy aggressively during that period that the price was very down, as long as it doesn't affect you in financing your your day to day activities, but for those that are waiting only to buy at the deep, they are definitely going to miss a whole lot of buying opportunities, because the kind of deep they may be waiting for may not come again, so it's best to buy now.

And lastly, as a long term investor that we are, it's actually pointless paying too much attention to the price of Bitcoin every now and then, though it's very difficult to do, the best way to hold is for you to focus more on accumulating Bitcoin and stop paying too much attention to your current stash of holding, so that you won't be tempted to temper with it at some point.

Funny enough the DCA method is not only for when there is a dip, it's a method that allows you accumulate no matter the price range, There is no doubt about the fact that a dips allows you to buy or accumulator at cheap rate which is an advantage for most investors because they see it as an opportunity, but the DCA method encompasses all of that.

It is hard for investors not to always look at the price of their investment, it is said that where your treasure lies, there will your heart be. So for me is a normal thing for most investors to regularly check on price fluctuation.

Yea it is almost impossible for any potential or existing investor to avoid constant check of the market price list because an investors mindset is centered on profit be it short-term or long-term investor, but the truth is that as investors in this field of investment we already know that Bitcoin investment if for a long-term and market instability is bound to happen at anytime, so for me constant price check might lead to a regrettable decision of a holder since we already know how the the market operates.
The DCA method is more beneficial to people that doesn't have enough funds to invest once, this strategy help them to comfortably invest continuously with what they can afford and allows them to increase their investment when they find it convenient and necessary.

The DCA method reinforces your BTC holdings regardless of price movements and more realistically reflects your long-term holdings. When it is positioned more DIP you can increase the buying trend which may take less time to fill the circle and create an opportunity to extend to another circle. Your more inclusive behavior is recommended by increasing the size of your stacks in BTC and protecting your holdings during the next ATH.

Market price impact is normal for investors to be satisfied and dissatisfied. Sophisticated DCA strategy can increase your satisfaction level in the long run when followed regularly. Market momentum and consistency with it improves your investment levels and encourages you to increase your holding size in the long run.