Ninjastic
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Board Speculation
Re: Buy the DIP, and HODL!
by
Btcdeybodi
on 27/07/2024, 08:51:58 UTC
Quote from: MusaPk on July 26, 2024, 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.

What if you are waiting for a DIP and you have a DIP target before you start accumulating and at the end of the day your DIP target is not met and if your DIP target takes so long before it approaches don't you think you might have tampered or exhaust the money you wanted to use and invest during the DIP? Even if you must accumulate aggressively that should be after you have DCA and a DIP happens but let it not be that you are just focused on waiting for a DIP before you start accumulating aggressively as you said. Cash inflow is not a prerequisite to owning a huge portfolio, you can literally start with any disposable amount you have in your custody and accumulation begins immediately.