Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Smilevictorobinna
on 22/05/2024, 10:07:34 UTC
You talked about aggressiveness and do you know the connection, being aggressive in terms of investment may be good because we have the enthusiasm to carry out but how controlling ability is important. If you do not have the ability to control then investment can be done slowly. Have you ever heard how people lose money in investments and it is influenced by individual mistakes, not because of Bitcoin, so when we want to invest, we need to pay attention to how to control it.

It's up to you whether you want to use the DCA pattern or so on, but it must also be able to be carried out according to your ability to control it. Investing in Bitcoin does have the opportunity to achieve success, but capital and strategy are important. Make purchases using a much more responsible method and store bitcoin until it reaches the selling value we want, from there we will see how bitcoin can provide freedom for investment.

One can be as aggressive they can ,but without over doing it, just as  sir JJG usually Said. Because most folks usually make alot of mistakes when it comes to being aggressive, mistakes like using their emergency funds to increase their rate of Accummulation without having any backup plan . Which may lead them tampering with their investment, for instance $500 is someone monthly salary and he or she decided to go all in with it without having any reserve funds he or she can take as backup funds , they may endup withdrawing their investment too early and the painful part is that they won't just withdraw the $500 back they may even endup withdrawing everything from their wallet . That's why is better to keep accumulating with any amount you know you can use at that moment, the main thing is that yah being consistent with your accumulation.
Any investor who is using his whole salary to aggressively buy bitcoin to increase his bitcoin investment and also buy at a low price is not disciplined with his bitcoin accumulation plan; he or she has allowed buying the dip to decide the amount of money to be used in accumulating bitcoin at the time of the dip. You are right; since bitcoin is not a quick-to-get-rich thing, the investor will not stay for up to a month, and he or she will tamper with his bitcoin investment to survive because he or she messed up his accumulation plan by using his whole money to aggressively accumulate bitcoin. Since the investor has tempered his bitcoin investment, he or she will wake up one day and decide to sell all his bitcoin investment because of the mistake he or she made when buying the dip. We should not be very concerned about buying the dip so that we will not make mistakes that could lead to selling our bitcoin investment when it has matured.
Mayor of ogba I agree with you. One should not worry about the dip if your plan is to hodl since whatever price came up then its the best time for you to buy again. Other people think that they do a bad decision for not waiting for some few hour or days that's why they fail since this people got discourage for seeing that there's more dump happen and they lose a value for their bitcoins bought. They need to remember that if there plan is for long term then there's nothing to worry on those situation. Since they can accumulate more so they can increase their investment and hopefully in future the price pump they could able to earn a lot of money especially if bitcoin will hit another bull run season and we can see a great price achieve especially if the price would able to reach at six digits in figures.

This position has always been my style of buying. I don't worry about the dip since I'm going for long term, every entry within this stage is still perfect because I believe Bitcoin will be approaching $100k in the new future. I use the DCA method mostly but when I have extra cash, I do still consider buying the dips and when such times comes, I don't think twice about it because the price of Bitcoin is below $100k and I consider that a fair deal. Some people make buying the dip look so complicated because they want to enter at the perfect lowest point which is very difficult to determine. I don't subscribe to this idea of perfect entry because it can make one to refuse to buy only to see price already surged. Besides, most of the technical analysis method employed in determining the supposed perfect entry are marred with errors.