Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Dump3er
on 16/07/2024, 08:20:44 UTC
⭐ Merited by JayJuanGee (1)
[edited out]
3. Study and understand the market seasons, entry points, how to hold and the ways to speculate and read on the market price and the price chart.

I don't see why there is any need to fuck around with reading charts.

Just figure out your own cashflow (and of course discretionary income) to be able to invest as aggressively as you are able to for one or two cycles or more until reaching some kind of a BTC accumulation target.  Of course there can be ways to learn along the way, but a lot of the learning likely relates to cashflow management rather than figuring out particulars about bitcoin price movements, but yeah sure maybe at some point a person starts to accumulate more and more bitcoin, so maybe strict DCA is not as important anymore, so it can be combined with buying the dip and lump sum investment, or surely if someone already comes to bitcoin with some lump sum investing and/or abilities to front load their BTC investment, then those kinds of folks will have differing options as compared to any newbies that might mostly be relying on DCA strategies to build their bitcoin investment over one or two cycles or more.


It's something that spread like a plague from those Twitter and other social media influencers, trying to inculcate in naive people that there are lines you can draw and ways to read charts that help you to time the market instead of emphasizing that time in the market is what really counts. I remember spending like a couple of weeks years ago following some of these chart gurus in order to see whether any of the crap they are spreading would materialize in the slightest. It didn't. But the dangerous thing is that it does sometimes sound extremely smart and sophisticated. But my take is that when you present someone with 10 different lines you can draw in those charts - lines that are named after some mathematician or so - one of them will hit for sure. Best example was when bitcoin had immense crashes. None of these gurus ever got those crashes right in terms of magnitude. Not even close.

That's why the thread title might be misleading the newcomers because they believe the most important precondition of getting into bitcoin is to identify the DIP first. But no, that would again be timing the market > time in the market, which in the case of bitcoin has proven utterly wrong till this date.