Post
Topic
Board Speculation
Re: Buy Bitcoin, and HODL!
by
laijsica
on 13/06/2024, 07:05:50 UTC
qI agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly
When it come to accumulation of Bitcoin, we should always keep our DCAing constant irrespective of the market conditions. Expecially those of us that can't afford to purchase large quantities of bitcoin. Because if one have the mindset of always waiting for the dip before accumulating he or she will only endup missing out  or having small quantities of bitcoin in their portfolio.

That's why is better to save some funds (which is known as reserve funds) in case any dip occurs one can purchase the dip with the use of reserved funds, and he or she can choose to spread it out or go all in with the reserve funds like lump-sum purchases.
And there are investors who made buying at the dip as there Bitcoin accumulation strategy and what if the market did not dip will they keep waiting? It will be better they use the DCA strategy and also buying the dip strategy together so that the DCA strategy can help them accumulate more Bitcoin at different price level weekly or monthly and also buy when the market is at dip with the help of their reserve fund. But if the investor is still a low coiner the buying dip strategy alone won't be a good Bitcoin accumulating strategy.
Each of us has to figure out and make our choices, and surely we could use some DCA charts to see how $10 per week versus how $100 per week would have had played out in terms of the quantity of bitcoin accumulated during the past 10 years, for example.
A long 10-year DCA futures plan for Bitcoin deposits can be followed on a relatively weekly or monthly basis, allowing for realism and solidifying holdings. Here various purchase prices are combined and will show the average price up to the last point. Example: If depositing bitcoins at $100 per month, $1200 in 1 year and the average price will show a combination of different prices per month. $12,000 accumulates over 10 years and averages out at different monthly buying prices. Eventually you get a decent portfolio that accumulates more bitcoins by investing the same amount of money. However, the average value of Bitcoin tends to increase in contrast to the high price of Bitcoin, but the average price tends to decrease relatively due to the downward trend in price.