The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.
¯\_(ツ)_/¯
If in doubt, then always zoom out. Sit on your hands/don't panic.
still struggling with topic name change, still feels wrong
True dat. Me too.
It seems to me that there was no reason to change the title of a thread like this that had been running for more than 5 years and had "buy the dip in the title" from the start.
I personally believe that "buy the dip" is not as good of a technique as DCA (especially for beginners), but buy the dip is still both a valid talking point, a valid practice, it can be especially employed during situations of lump sum buying and front-loading of an investment, and buy the dip is something that a lot of those in their BTC accumulating stages will weigh and question what they should be doing and whether or not to wait for dips before buying.. and in the last two weeks, there surely has been some decently sized dips that could be taken advantage of.. even though none of us are really going to know how deep the dips are going to go or how long the dips are going to end up lasting.
I was so surprised when I saw that the topic has been changed to "buy Bitcoin and hold" instead of the previous "buy the DIP and HODL" because inasmuch as Bitcoin continue to exist it is expected that the price will keep on soaring high and at some time it will also DIP which means someone that buys Bitcoin now still buys at a Dip if we consider what the price would be in 10 years time. Okay how about last five years that the price of Bitcoin in April 2019 when this thread was created was around $5000 so you can agree that someone who bought bitcoin then did bought at a dip price if we look at the price today so that is still the same thing that we are likely to experience in the future so as the price of Bitcoin keeps creating new ATH that is how previous buyers will continue to buy at a dip price and it continues inasmuch as the factors that leads to the pump in price of Bitcoin continue to exist, we are still buying at a dip even for an investor who is only practicing the DCA method.
No one actually knows how long a dip can reach and even though most investors who must have missed out on a previous dip still continues to expect another dip but it is never a good strategy to always expect a dip because they may end up not buying or better still exhaust the money they would have used in buying instead of waiting for a dip. Now, even though a dip is happening now but there will probably still be investors that will even wait to see more further DIP before they can buy and before you know the price can start skyrocketting again and they will still feel it will DIP again when it can't return back to that original dip level again so for a beginner the DCA is good strategy then if DIPs like this happen they can also buy more with reserved funds and continue DCAING.