Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
CcnoutChopper19
on 17/05/2024, 22:51:31 UTC

There are many people who are confused by such a system; what they think is going to drop a lot in the market is suddenly just a fake dump, and if they continue with the baiting tendency, the fund will be stuck and the expected will not happen, unless you really have a deep understanding of trading here in the crypto space.
Trading has nothing to do with hodling, they are opposite. For you to be at rest with your bitcoin investment, you need to invest in a long term so that you don't bother about the price of bitcoin dipping or pumping, what you only focus on is accumulating consistently and persistently in order to build your bitcoin portfolio to a certain level. This is why using the DCA strategy is the best because it gives you the opportunity to buy bitcoin irrespective of the price.

Yes I agree with this, when we talk about investing then we are only required to always be able to maintain a consistent budget allocation on the various strategies that we have, one of which is DCA which is now more widely used by most investors. On the other hand, I understand that investing is not only about profit opportunities but will also always have the possibility of potential losses, but as long as you still maintain your accumulation even if for example the price drops then that does not mean you are completely at a loss, because as we know that in the last 10 years bitcoin has always had an increase which sometimes the increase can be very significant and this is also the reason why it is more advisable to have long-term planning when we want to get involved in this bitcoin investment, one of which is by using the DCA strategy.

On the other hand, of course everyone has worries in him especially when it comes to financial matters, but when you are able to be patient to maintain your long-term planning, there is a high probability for you to reach the recovery phase if indeed the price has previously dropped and maybe you can achieve a maximum profit of thousands of percent of the amount of capital you allocated, and the point is to always be consistent in the budget allocation according to what you plan, whether it's once a week or once a month and always be patient in the process of the journey, I understand that there is no 100% guarantee that you will succeed at the end of the accumulation plan, but I think we should remember the fact that usually something that is done consistently and patiently usually will not disappoint. Wink