Re: Buy the DIP, and HODL!

Quote from: Felicity_Tide on July 08, 2024, 09:38:44 AM

Quote from: Stablexcoin on July 07, 2024, 11:44:26 PM

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 know much more about it, just that you are trying not to put yourself under pressure of taken loan to buy the dip when the due date has not yet reached. And Morover there is always an opportunity to buy the dip, if you didn't buy the dip around the 1st day of the month, you may still buy it along the line. Because after buying the dip when your set date has not yet come, you may still buy the dip more before the actual set date being the 10th of every month so I see that what @stablecoin is saying does not mean that you don't know the importance of buying the dip it's just a misconception. The Most important thing is to always have discretion fund to use and buy the dip or regular DCA in the absence of salary.

Quote from: Wind_FURY on Today at 08:46:33 AM

Quote from: Samlucky O on July 08, 2024, 02:24:12 PM

Though marrying a rich wife doesn't even guarantees your accumulation process. You may marry a rich wife yet she may not be supportive to help you in the accumulation process. Where it could have been better is when both of you have thesame zeal and passion or desire to achieve the goal of a regular DCA acculturation. A rich wife or no rich wife, DCA and long term investment is a personal choice or decition which is not a must that your partner must be in the scope of your plan. If your partner happens to support your vision of long term investment in bitcoin it is good for you. But it is under probability for a woman to support your bitcoin journey because they are not always patient, they always need sharp investment that will yield profit in a short period of time. that is why most of them can not invest in Bitcoin. Just bear it in mind that the journey of your long time investment relies on you and not on her. Surely marrying a rich wife might be problematic sometimes, in terms of investment. and marrying an average girl may be helpful in time of being supportive I.e (vise versa ). But the truth of the matter is that we should not expect them to have thesame though as we do, but we should do what is necessary without any form of distractions because any distractions can reck a man's dream of buying and HODLing for a long time.

But that's still a rich wife, you either find a way to convince her OR you start stealing from her wallet every month for your monthly DCA activities.

If she has a large and expensive shoe collection, you could get one pair a month to sell in E-Bay. You could also hire your friends to kidnap you for ransom.

I can see you are dramatic @wind fury. Your advice can be deceitful to someone who doesn't know his way about. Despite the way you make it look funny but let's be realistic for once, your advice is problematic, misleeding and can change some people's mind if they don't think in the right direction. This strategy you want to embark on will surely break your relationship. and this is why some people have unhealthy relationships / marriage because of not being transparent. Transparency, trust and love is the criteria that keeps a healthy marriage or relationship going and when you decide to follow the wrong step, it will definitely Leed to distruction.