Re: Buy the DIP, and HODL!

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.

Waiting for the dip is old fashioned for anyone that is still in his or her accumulation stage especially if have you not gotten to your maintenance level where probably you might be buying or being consistent with your DCA but may decide to be buying at the dip only, Bitcoin volatility nature is what anyone coming into the space should be able to get used to it as an inherent trait such that instead of looking at the market condition before making purchase of Bitcoin he or she is meant to focus more on increase his size of Bitcoin, waiting for the dip before buying Bitcoin is a wrong approach since the DCA strategy allows you to buy Bitcoin irrespective of it's point in different intervals either weekly or monthly, one can still consistent with his dcaing ad at the same make other plans of buying at the dip, but as me focusing on my DCA is the best for me because I might not want anything that will distract me from my original plan.