Ninjastic
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Merits 3 from 2 users
Re: Buy the DIP, and HODL!
by
laijsica
on 26/07/2024, 15:51:10 UTC
⭐ Merited by Jewan420 (2) ,JayJuanGee (1)
Quote from: MusaPk on Today at 10:26:07 AM
Quote from: JayJuanGee on July 25, 2024, 07:05:21 AM
To state the obvious, there is a certain truth that any strategy has to start from where any of is at right now, whether we have already been in bitcoin for a while and we are figuring out if there might be some way that we might improve our BTC accumulation and/or maintenance strategy or maybe we are just starting in bitcoin and bitcoin accumulation and we are figuring out our strategies, then we have to figure out our own budget and our 9 factors, and our view about the BTC price movement is ONLY one of the factors, which also might not be as important as several of the other factors.. and it could take us years to really get our practices in a kind of order that we start to feel comfortable with the amount of bitcoin that we are regularly accumulating and also the other balances of our cashflow and our cash reserves.

Price moment is just one factor but an important one. Seeing where we are standing right now, it will be ideal to wait for dip that can take price down below 50k and accumulate aggressively at that price. These 9 factors are good specially for anyone that is new to bitcoin and if I have to chose the most important from these 9 then I would go for cash flow since that decide how much you can invest.
Predicting the value of Bitcoin and waiting to invest or buy dips are both uncertain. You need to set your target first and wasting time to accumulate bitcoins may not be the right decision as even if there is a downward trend the chances of its price falling below $50k is very slim. The freedom of activity of your assets is of course your own but it may be ideal to take expert advice and especially follow the DCA strategy to raise enough awareness about the proper use of assets in investing.
Waiting for dips means you lose an important day so your decisions should be towards depositing bitcoin by starting DCA because every buying regardless of its price can give you much more profit than other investments like 2x or 3x mathematical rate. You must buy aggressively during dips and also focus on accumulating bitcoin regularly.