Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
SOKO-DEKE
on 17/07/2024, 16:14:05 UTC
⭐ Merited by JayJuanGee (1)

An investor will fully understand how to invest from here, because once you buy the dip it will hit the highest level in the next bull market.
Ok. My question to you is whether you have invested at all? As you mentioned buying bitcoins during the dip season will lead to maximum profits or peak levels during the next bullish season. Yes that's right. But should we wait for dip time, no. Instead we should invest using DCA method regularly so that we can enjoy the benefits of both dip season and bull season.
Yes you are right, we should not wait for dip market to invest, we should continue investing in DCA method for long term. Now if someone waits for the price of bitcoin to fall, then it may happen that the price of bitcoin may rise instead of falling, then he will not be able to invest. So before investing in Bitcoin we need to decide to hold the investment for long term. It is true that if one invests in Bitcoin and holds it for a long period of time, he will surely profit. Keep investing at any time in any situation and hold for long term.

Many people should have accumulated some amount of Bitcoin by now if they have followed this DCA strategy of accumulating Bitcoin. However, due to waiting for the price of Bitcoin to drop lower, they still haven't started investing in Bitcoin because the price has not come down to the level they have in mind. Surprisingly, those who even started recently using the DCA method of accumulating Bitcoin, some of them are even in profit now as the price of Bitcoin keeps increasing.

So, I think it will be better for anyone interested in investing in Bitcoin to start at any price using the DCA method of accumulating. Whether it should be monthly or weekly, this method will help them get Bitcoin at different price levels. It is very hard to predict the Bitcoin market. Many have tried timing the Bitcoin market, but they have failed. The truth about accumulating Bitcoin at different prices is that you need to hold for a long period of time before thinking of taking profits.