Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Chiomaobi
on 23/07/2024, 12:16:10 UTC
sometimes an investor can decide to take a break from accumulating maybe 2-3 month difference just to balance their financial life before they can start accumulating. In summary having an alternative is always advisable so it will be easier for any investor to continue their investment.
An investor taking a break from their bitcoin investment should be when the time of the market is it. Whether the market is bearish or bull run. If the market is in a bearish market state, taking a break from the market shouldn't be advised because that's the best to accumulate bitcoin at a low price. For bull run taking a break is a good idea for the investor not to be buying bitcoin at a high price, but rather to wait for the right time to do that.

For this time of the market, bitcoin has a correctional price, it requires no break but a DCA strategy of investing till when one feels that the market has gone past the correction stage to the bull run. I think we will see that soon.

I couldn't agree with you at all, you are basically for money and profit. Generally Bitcoin Investing If I invest following the DCA method I can't target the bull run market I have to have a goal to invest. If DCA invests in average price control, this is the biggest opportunity in current dip. If one invests in present time then surely investment success will come and maximum dip will be bought. If one follows the DCA method to reap the benefits, he will not be able to survive his investment for long, that is why future planning must be done strongly.


Yes not only investing following DCA but investing should have a target for long term. Only when you plan your investments for the long term can you be successful. As most of the people invest for bull run market to get more value but if you invest deep here you can get good profit. It is best to buy on the dip to make a profit on the investment, but if you buy from here, it is possible to make a lot more profit when the price of Bitcoin increases. But if you plan to invest for a long time it is definitely more profitable so it is better to plan well for the future.
Buying dips can definitely give you leverage that adds up to a different profit on the overall investment. But you can take more advantage by your regular purchases like you are in regular DCA method and adding disposable income part every month by buying bitcoins and if you can run this process for 10 years or more then your portfolio will look highly decent and complete many cycles. Chances are that Bitcoin keeps adding up at a compounding rate. Additional stashing if you can increase the amount of DCAing periodically as your income increases. You must remember to keep bitcoin stashing strategy with buying on dips to take profit as long term holding can protect your margin while also taking high profit.
It's a good plan to gather Bitcoin with DCAing strategy I have also learned from other discussion when it comes to DCAing strategy. Important part is DCAing strategy is you can invest any amount without being affected. As Bitcoin goes higher it's also good to pile up enough Bitcoin and wait for the perfect time to sell.
True, a drop of water might be able to make up an ocean because before you count to 100 you must start from 1. It is good for you to know that Bitcoin trading wasn't the quality way to get big profits, Bitcoin investment through DCAing strategy is the perfect way to get enough Bitcoin even if you don't gather full Bitcoin with the little you have gathered, it means you have tried you best. So congrats you know bitcoin investment is better than Bitcoin trading.