Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Churchillvv
on 25/05/2024, 05:54:22 UTC
The example shown by JayJuanGee can be used by anyone who wants to get Bitcoin when the price is cheap and indirectly he also teaches Bitcoin investors to take advantage of this moment to collect as much Bitcoin as possible. This method is very easy to do, buying at a cheap price and selling it again when the price is high is the goal of investors to get the profit they want. Accumulating Bitcoin when the market is entering a bearish phase will make you calmer and able to hold Bitcoin in the long term without having to worry about the price going down further. The great potential that Bitcoin always presents will allow you to collect Bitcoin at a cheap price in greater quantities.

Collecting Bitcoin when the price is at its peak will make you have to wait longer to get a profit, usually when the price has reached the peak it will experience a sidway which makes your assets experience a decrease in value. I prefer the method used by JayJuanGee because it will give you peace of mind when investing and has the potential to get bigger profits. Another advantage of buying Bitcoin when the price is cheap is that you don't have to wait long, usually the market will experience a Bullish phase after a downturn in a Bearish period.
Perhaps you might be right with your assumptions but you sound short term minded. certainly we have come to realise that the volatile nature of bitcoin has a crucial benefit for investors which means the bearish or downward trend of bitcoin is an opportunity to grasp more bitcoin to our portfolio as it serves as a discount in terms of purchasing power.

One thing a lot of investors do not understand is that no matter the bearish wave bitcoin seems to experience it would still not change its nature as 0.0050BTC will always remain 0.0050BTC, what only changes is the price or value attached to the number which you have in your portfolio, so as the price goes up above the entry price you're automatically in profit which is totally nothing to worry about as long as you're investing in bitcoin for a long term purpose within a 4 years circle of bitcoin one will surely be in profit which is not even enough to be classified as long term holding but seems durable to some kind of investors.

Apparently the over point here is keep buying the dips and hodling just as the title of the thread says selling is not an option except you have reach a good position or status where you have at least up to 30% percent of your income in bitcoin which is not achievable in a short term mind as you assume for selling, when such status quo rich has been met one could think of start using the sustainable withdrawal method to take profit but at this point where this position is not met yet buying the dip, DCAing, Lump sum and hodling is the best for an investor as you reagansimms and  I churchillvv.