Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Dickiy
on 18/07/2024, 14:11:58 UTC
It does not matter at what point we enter the market and start to DCA. Bitcoin has been expensive to start investing at all prices to procrastinators. It was expensive at $1, $10, $100, $30k, and $60 and it is close to $100k and it could be worth more than that shortly. Yet they still can't afford it.

People who still think Bitcoin is expensive usually also tend to be afraid to buy at any price, so people like that will continue to delay and postpone buying Bitcoin because they always put forward their own reasons when asked by other people. Because for those who like to buy or really have the desire to buy Bitcoin whenever they have money that is not used, that person will not really care about the price as long as it can make him happy after buying Bitcoin. I also still like to use DCA when I want to buy Bitcoin, but sometimes I don't set a time for how many times I can buy Bitcoin each month because I sometimes like to buy when I have money that I don't use for other things.
For me, it's simple, if there are people who are delaying buying Bitcoin or just waiting for the price to drop to buy it, for me these people have no intention of investing in Bitcoin. it's better to just leave them with their assumptions. and for those who are consistent with their investment and entrust their investment to bitcoin, continue to accumulate your bitcoin, because the journey will be very long, and if you talk about long-term targets, you need stable finances and patience to continue accumulating, therefore the DCA strategy will be very helps with the investment you are carrying out, this strategy does not care about market conditions, DCA only focuses on the goal of accumulating gradually, either weekly or monthly. and I still use the DCA strategy to this day to accumulate my targeted bitcoin and it really helps