Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 05/07/2024, 18:31:34 UTC
But the actual point of buying the DIP is to buy more units in Bitcoin for them same Dollar spent if Bitcoin was at a higher price point. The best illustration for that is the current state of the market during the last two weeks. It was more than $62,000 if you bought Bitcoin last week, but with the same amount of money you could get a discount and buy more units in Bitcoin this week, and probably next week as well. Cool
Prepare dollars for the purchase of this DIP, the current market will continue to correct, take advantage of the discount situation because this is one way to get more bitcoin units and so on if bitcoin falls into.

Well the number of dollars will remain the same but when making purchases with dollars will get a different number of bitcoins even more for now, don't want to miss it then do DIP now.

One more thing don't panic let the market continue to be red, while we take more below.
These dips in Bitcoin will not last long and buying opportunities for investors will continue to be limited. If you don't make the right decision at the right time, it may be difficult for you to get investment success. An advantage of buying on dips is that more bitcoins are available for the same dollar amount through DCA strategy.

Within a limited income range, every investor can implement the DCA method, which provides an opportunity to accumulate large amounts of Bitcoins during low price periods.
Buying bitcoin dip is indeed an advantage, an investor can decide to buy with any strategy at any given time depending on the available income. Bitcoin dip is unpredictable and investors can always experience the dip at any given time but, having the available amount to buy the dip at the moment matters also. If anyone should wait or buy only the dip is wrong from my understanding because anyone can still use the dca strategy during this time till whenever probably each dip has a price difference and anyone can still be lucky to see a favorable dip that’s more beneficial.

Exactly taken the dip as an advantage to buy or accumulate more is a nice move and a smart one at that . But focusing only the dip , like waiting for the dip before accumulating ain't smart at all especially those that don't have much coin (bitcoin) in their portfolio. But for those who have already gotten themselves a nice Stash ( quantities of bitcoin) already, have the upper hand to focus on the dip only , like for instance someone with nice quantities of bitcoin can just take this recent dip as a chance to add up to his bitcoin stash and that may definitely make him to be in the position of ending up with far more better profits in a long run