Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
I_Anime
on 15/07/2024, 08:09:11 UTC
Buying at every dip requires waiting for the right moment, you also have to prepare funds to be invested in a slightly larger amount. Meanwhile, if you use the DCA strategy you can buy Bitcoin at any time with a certain amount consistently. Both of these strategies have their own advantages and disadvantages. If you are used to the strategy of waiting for Bitcoin to trade at a low price, you will have to collect funds that are larger than the amount you bought with the DCA strategy.

You are really off topic now.

We are not talking about trading in this thread.. so you seem to not even know what the thread is about, even though there have been many members posting in this thread and reminding other members that this thread is not about trading... .. so you need to find another thread if you want to be fucking around with trading or talking about it as if it were either relevant to this thread or something that any newbie should be doing in order to accumulate BTC... which this thread is also about accumulating BTC... and it seems quite problematic to sell BTC in order to accumulate BTC, which seems to be what you are suggesting, reagansimms.

Exactly this thread is about buying bitcoin and holding bitcoin for long-term. reagansimms you sounded more as trader than an investor because all what you are saying is base on short-term profits. Because an investor won't wait for the price to drop before accumulating, only a trader that will do such in order to make some terms profits ( which kinda risky ) because the chances of selling in loss as a short-term traders is higher compare to that of a long-term Investors.

And if you talking about the dip as the low price , we have means of handling such as an investor without having to stop accumulating due to waiting for dip . So if someone that want to focus on the dip alone, you will endup slowing the growth of your investment. That's why most time is better to have some reserve funds for the Dips while you keep your DCAing accumulation going. So please don't affect some newbies here that came to learn about holding for long-term mindset, they can literally accumulate anytime as long they have the funds to keep their DCAing going whether the price is high or low. There's reason why is the purchasing of bitcoin at different price interval.