Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
jossiel
on 20/05/2024, 20:17:01 UTC
I believe in terms of methodology to accumulate Bitcoin we can't really tell wether one using DCA will be more aggressive in accumulation than another using lump sum. DCA opens room to buy at every market situation but having a good stash of it depends on how each individual accumulate wether aggressively or conservatively.
You're right about that someone's accumulation doesn't really matter whether you'd be doing it on a lumpsum or through DCA. Whichever you prefer but the most important thing here is, you can apply both any time you wish to and you are saving BTC for yourself and not for everyone else.

That is because you know what's waiting ahead when you get to hold BTC.

Yeah we all need to hold for a long term and also view Bitcoin investment in long run but that doesn't certify wether anyone is gonna be successful. Some might take time to be in good profit or even reach maturity stage, so if you wanna be successful then accumulate more with a target and not allowing room for exhaustion.
Someone's definition of success is subjective.

Those that have been holding for so long and yet, haven't sold yet can be classified as successful because they've bought at a very low price.

Now, those that will purchase whether it's a lumpsum or through DCA, in the future, you'll also be considered by the new investors as successful because you've bought it earlier than them. So yes, it's very subjective.