Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Marvelockg
on 04/07/2024, 13:48:52 UTC
Success can only be achieved by adopting the DCA method, as now is the only time to buy dips. So only those investors who buy the dip at the right time can achieve success in the right way. An investor can keep his investment alive with proper control, and if the planning is right then success is definitely possible.

To be honest, using the DCA strategy doesn't guarantee that it will be successful with certainty, because of course that's not all in investing, there are still other things that must be taken into account, not just strategy alone. Now if we implement the DCA strategy but there are other problems that occur suddenly that can affect what is being carried out.
People who invest using the DCA strategy may be keeping their finances stable, because they cannot afford to invest large amounts at once and they are using the DCA strategy, but of course they also have to pay attention to other things that should not be ignored because they need to be remembered. Whatever strategy we use does not guarantee that it will definitely make us successful. If something happens along the way, it can affect us even though we try to avoid it, but no one knows when the bad luck will come.
while @Hallroom's opinion that it's only those that buy Bitcoin during the DIP that will eventually become successful is totally wrong, it does appear that you're mixing a whole lot of things up while you're attempting to refute his claim. Note that investing using the DCA method doesn't mean that if you have the means and ability to DCA with a huge amount that you shouldn't. As a matter of perspective, MR Jame can decide to do his DCA with $40k per month and might have what it takes to DCA consecutively up to 4 years nonstop while  Mr Jack might look at buying $40k worth of Bitcoin as a lump purchase and for others, the same $40k might be thier accumilation goal they expect to archive for a timeframe of 4 years.

What I'm saying in essence is that, regardless of the strategy you choose to adopt while you're buying your Bitcoin, you will certainly meet some level of limitations and resistance and iether you buy using the DCA methord or buy during the DIP or combine the two strategies or even have your own strategies, you're certainly going to meet some level of Resistance and like you're enviseeing something happening along the way, it's something that can happen with any strategy you choose to work with. The fact that some uncertainties might come up along the way is the main reason why you've got to make good plans for your emergency funds such that regardless of the methord of accumilating Bitcoin that works well with your case, you can easily sort out those issues with your set out emergency funds and continue your accumilation journey. The reason why the DCA methord is preferred by most people as the surest methord that yields succes for majority of people including those that are still new to the investment system is because buying your Bitcoin with the DCA methord will give you ease and comfort and will allow you to buy your Bitcoin at your own pace without going too aggressive or being too concerned about the price of Bitcoin. It also allows you to buy Bitcoin at your regular DCA time while ceasing certain DIPs to add up to your DCA. In the end, regardless of the complications that's associated with all the methods of accumilating Bitcoin, it's just best to find which method works well for you and stick with it while keeping your emergency funds and the source of your income intact.