Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Miles2006
on 03/05/2024, 14:38:59 UTC
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
Basically the DCA is more advisable for anyone that on a salary payroll or your income comes in a specified interval but for anyone that have a lot of money that they have accumulated for long the DCA will not be necessary for them at an intensed DIP but the lump sum is what is needed at that particular time but in subsequent purchase of Bitcoin they can choose to apply the DCA so if the price dips further than this then it will be a very good advantage to buy huge and you can even decide to forget about the DCA yet and use any income you have to settle some real life projects and needs so that on know account will you touch your holdings then watch your investment in Bitcoin grow as time goes.
An investor career doesn’t stop him from investing or using any strategy he/she desired besides buying using the dca is good for an investor who used the lump sum for start and decide to continue buying gradually . No matter the strategy we desire or restrict ourselves from using we must also consider what’s bitcoin investment and what’s the end result of our investment personally like knowing how to handle risk before we can start selecting different strategy. I believe dca can be done by any investor not just salary earners etc, most people earn their money differently and decide to buy using dca so it can be preferable by any investor.