Re: Buy the DIP, and HODL!

I am certain that many do not capitalize on this dip opportunity and have chosen to remain in doubt about whether to buy now or wait a little for it to dip which is very wrong to do so. This is the time that knowledge truly pays only but a few will be able to understand.

Are you sure about this statement?. Assuming my DCA strategy is to allows purchase $40 worth of Bitcoin every 10th day of the month, and the price of Bitcoin went down to as low as $56K/BTC on the 1st day of the month, and I decide not to buy on that first day, but rather wait until my normal time(10th day) due to financial constraints(like salary delay which is a common thing), and other reasons. Does that actually mean I don't understand the knowledge behind dip, or I just don't want to capitalize on the dip?.

I think you need to understand that a strategy must be a strategy. It doesn't matter if your buying time comes when there is a dip or not. Buying the dip for those who uses DCA should be done if there is a spare change or additional funds that has nothing to do with your investment funds, except the dip falls within your strategic time of buying. Though, there is never a perfect time to buying Bitcoin, but if my DCA strategy agrees with buying Bitcoin every first Monday of the month, then it should be so, no matter the market value or price. I would be of course, delighted to buy any dip, if I have any additional funds lying around.

Capitalising on the market, during dips is a personal investment decision in bitcoin. An investor might choose to go with DCA strategy all throughout his/her long-term holding without buying during dips. Keeping it Consistly with a DCA it's what matters, the aim is to build a solid bitcoin portfolio. Capitalizing on dips depends on an investor's financial power( reserve funds), preparation towards a dip. Not capitalising during market dips doesn't mean your bitcoin accumulation will not grow if you are using a DCA strategy.

People that are DCAing regularly weekly or monthly are still buying at the dip because they are just buying and buying and buying all the time without stopping. This is why DCA method is the best method for new investors to use because it gives you the opportunity to buy both at the dip, the bottom line of the dip and when bitcoin price is high since he is investing in a long term. It is not good for beginners to think of buying bitcoin only at the dip and that is where some of them get it wrong because what if the dip did not come, they will still be sitting on the fence waiting for the dip and watch others building and growing their bitcoin investment.

If as a newbie during the dip, you are lucky that an unexpected funds comes your way which you don't know what to do with it, you can take advantage of the dip and buy bitcoin at once with such funds while you continue with your regular DCA weekly. Buying at the dip is for old investors who have accumulated a good size of bitcoin and don't see any reason to DCA anymore because it will not add much increase to their bitcoin stash, such investors can wait for the dip in other to buy at once with the money that they have kept for that. DCA is good for a no coiner and low coiner.