Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Agbamoni
on 15/07/2024, 09:23:06 UTC
Investors who are still enthusiastic and active enough to continue buying Bitcoin and continue to maintain what they have bought should not remain silent. Because at this time everyone must remain active in monitoring the market and also analyzing market trends because I just saw that the price of Bitcoin has exceeded $60K again today.

Consistency is very important in the lives of a Bitcoin investors because that is what will guarantee your sufficiency in the future, which is why having a focus is very important and that's what most people lack which is why they decides to accumulate whenever they feel Is necessary for them and in most cases they always like to monitor the price movement of Bitcoin before they will start accumulating, but in other words when an investor have a targeted amounts of Bitcoin to acquire within a certain periods you will see that the person will be very consistent and disregarding the price of Bitcoin and in the future you see them very successful on there investment, so in summary there is no need analyzing the market before buying because there is a great future awaits, so this moment should be a privilege for people to take advantage of.
You are absolutely right here, consistency is very important to a successful investment, especially when it comes to using the DCA strategy and holding. I have seen situations where investors fail to leave certain habits which make them quite slot in accumulating Bitcoin and it affects their consistency. This week they tried to DCA and the next week they failed. The danger of this is that they get to meet their target for a long time. And nobody knows what the price of Bitcoin will be today or tomorrow or in the future. That is why reaching your target as planned is important; only consistency can help you.

Consistency does not only include staying true to the investment but also staying true to providing the capital for your DCA every week. Most people do not work in a fixed contract or have a job. They have skills or talents that provide them the capital to invest consistently. If they feel weak to work if they get hired, they might not have enough money to invest that week so that is why consistency involves in everything.