I have no problem with considering all three kinds of BTC accumulation approaches of DCA, lump sum and buying the dip
Wow!, I have always thought there were two accumulation methods which is DCA and Lump sum, never thought there was a third one. Thanks Jay for the heads up, this thread can be so educating.
and even adding in ideas of HODL for those times in which money might be running out.. or even mistakes had been made... And, each of us are likely going to do better if we can figure out when, how and where to employ such strategies, and likely including that even in the better of bitcoin accumulation scenarios
Yeah, I did this during the recent Dip, when the price was at $51k $ 53k I bought a greater quantity than my normal monthly purchases, I thought I was buying with Lump sum, but finally I was only buying the dip. Fast forward to now, I have seen considerable gains in my investment, such that is very tempting to cash in and have some fun, but I've disciplined myself financially that the portfolio keeps increasing and there is no tampering till further notice.
Long term investment is very possible, and in order to achieve that we must conquer the trading spirit inside of us.