"Buy the DIP and HODL, Buy low sell high"... Okay what's the high and the low, when do they ever happen, please somebody should tell me now
This is not a pump and dump thread so you are obviously misunderstanding the caption. Just so you know, buy the low is fine and a good way to get in but we have gone ahead to encourage people to hold for longer period and not sell at the sight of profit (high). As a guide, it was suggested that anyone coming into Bitcoin should have a 4-10years target of holding, this way you would have seen a complete market cycle to be able to maximize the opportunities that there is in the market.
Buying low to sell high mindset will make you become a trader which is not what we are discussing here. Using that approach also have the tendency of making you miss the bigger profits when you sell so quickly upon seeing some pumps in the market. Instead of this approach, newbies like you and me are encouraged to use the DCA method to be fully committed to investing in Bitcoin while looking at long term.
Another danger of the buy low to sell high mindset is that it will make you put much money into Bitcoin than you are supposed to and this wil put you in panic mode when the profit is not forthcoming. Instead of this, and like I said before, it is better to adopt the DCA method and build your Bitcoin portfolio gradually and peacefully.