Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Barikui1
on 09/07/2024, 07:33:46 UTC
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

I couldn't agree with you at all, you are basically for money and profit. Generally Bitcoin Investing If I invest following the DCA method I can't target the bull run market I have to have a goal to invest. If DCA invests in average price control, this is the biggest opportunity in current dip. If one invests in present time then surely investment success will come and maximum dip will be bought. If one follows the DCA method to reap the benefits, he will not be able to survive his investment for long, that is why future planning must be done strongly.


Yes not only investing following DCA but investing should have a target for long term. Only when you plan your investments for the long term can you be successful. As most of the people invest for bull run market to get more value but if you invest deep here you can get good profit. It is best to buy on the dip to make a profit on the investment, but if you buy from here, it is possible to make a lot more profit when the price of Bitcoin increases. But if you plan to invest for a long time it is definitely more profitable so it is better to plan well for the future.
Yes, it's more productive and more profitable to be a long term holder because to me, investing with the intention of holding just for a circle is not ideal to me, because you definitely can't get the desired result of building a generational wealth, by holding just for a four year interval, but if you really want to milk something good and build a generational wealth overtime, the best approach should be first of all accumulating a very good stash of Bitcoin in your possession through the DCA accumulating strategy, because the stash of Bitcoin in your possession is what determine how profitable you will be.

Secondly, due to the high potential of Bitcoin, it's best to hold for the minimum of 10 years, because I believe that in ten years time from now, Bitcoin might get up to 700k in value, so if you can hold that long while having a very good stash in your possession, you will definitely get a very good profit from your investment if you wish to sell, but if it's me, I prefer taking profit than sell all my holdings, so in essence is that, holding Bitcoin just only for a circle of four years, will not be able to build a generational wealth we mostly wish for.