Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 24/07/2024, 22:25:48 UTC

Sure the upwards and downwards movements of the price of Bitcoin is what keeps the Market balanced so an investor who is a beginner should not only think about buying with the believe that the price will keep skyrocketing because a time will come when the price will also experience some DIP in price so if it is someone that bought with the mindset of the price to continuously increase, they can become emotional when the price starts going down and they can even decide to sell out of panic which will be a very wrong approach for a beginner. A beginner should be able to understand that the journey of their hodling is a very long one so they need not to look at the price of Bitcoin at any intervals as what they should be concerned about is to keep accumulating through the DCA without dropping out at any point so far as their income is coming on a regular basis.
DCAing every week is a very good and quick way to making huge accumulation but any Bitcoin investor should be able to figure out when to best DCA without being affected in other areas of life so they can still DCA on a monthly basis depending on their inflow and the intervals they received their income, so for someone who receives income on weekly basis he can choose to DCA every week then for someone that receives monthly salary, can also DCA every month so there's no big deal about when to DCA.
It has often been discussed that waiting for a DIP to happen before buying Bitcoin is not a good practice because you can wait for a DIP and it doesn't come at that material time which might result to using up the money you wanted to use and buy at a DIP price on other needs that will arise.
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.



LOL, mate thats exactly what it is, people just come on up with excuses all the time, procrastination is a dream killer, I come to understand that people will always complain of Bitcoin price even though it appreciate or decline in price, if we look at the people that has keep the ground running in Bitcoin investment today, they all saw everything happening in Bitcoin market as an opportunity to acquire more of the asset hence they know that Bitcoin is an investment of the future they don't concentrate on the immediate price of Bitcoin rather they keep accumulating and patiently hodling for the appointed time to come, although people with their ways of life and their personal decision which we can't change bit I think it is better for an interested investors to let go of continous postponement of good actions that would have been taken earlier just because of something that would have been done easily with a strategy that has been made available to carry every interested investor along.