Re: Buy and HODL!

HAPPY NEW BITCOIN ATH DAY!

No, it has not surged to a new ATH yet, but it's going to be today, or perhaps tomorrow. Cool

Plus JayJuanGee, the topic has become yours with the wisdom that you have imparted with plebs and with people who want to learn more about investing like me. Buy the DIP, or DCA are both good as long as the individual HODLs. It's probably better if the topic's title is changed simply to "Buy and HODL!", no?

I thought the same thing when bitcoin broke to $72k. Let's watch and wait patiently as bitcoin keeps surprising us. I like the idea of changing the name of this thread. Even though we have told newbies not to time the market, they should accumulate bitcoin with the DCA strategy so that they can accumulate bitcoin anytime their money is readily available to be able to have a reasonable quantity of bitcoin in their possession. Some newbies will not listen; they will go ahead and buy the dip. Since there is no buy-the-dip in the new name of this thread, it will also guide newbies not to be concerned with buying the bitcoin dip. Thanks for the new name, @Wind_FURY.

Every DCA strategy and the idea of depositing bitcoins with it is groundbreaking for every period. New investors like to wait for dips but for them the DCA concept is going to be very exciting as it increases the stack of Bitcoins over time and by buying every month or week regardless of the price. You can increase your deposit amount when your floating point amount is high. New investors or depositors should prefer to keep their Bitcoin holdings high on the list as it is on the verge of another ATH touch and may cross $100K within this year. One of the most notable features of the DCA strategy is that it shows the unit price average of Bitcoins over the course of the year by purchasing multiple time periods, which gradually decrease over time and the stack size increases.

Using DCA strategy doesn't necessarily mean that your average buying would reduce over time or increase, it all depends on how you do it, like buying too much with DCA at very high points of the market would increase your average buying amount and to balance that out you also need to buy more at lower prices too, so it all depends on the buyer, while we are all preparing for up we should also consider to start keeping some extra cash incase of any dip that might occur and we dont know what to expect next, so it's good we plan both side and keep our heads low on expectations.

Very true. DCA method is not necessarily attached to certain factors such as time of high or low. It's done at any point where you have the funds to buy with. The idea of DCA is actually investing planned or same amount consistently, which would help to balance all purchase price overtime. By investing more or less, there is actually a deviation from the original concept of DCA. Buying too much at a higher point would definitely increase the average buying amount and can only be balance when we do thesame as buying at a lower price.