Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
red4slash
on 29/07/2024, 21:59:35 UTC
Waiting? Until what price are you waiting for especially with the current condition of the bitcoin price which is still in a positive trend will make you wait longer for the desired price so I don't think this is a wise choice to do at this time.

It is not wrong if you are ready for the risk when you are left behind when the price returns much higher and waits longer because with the bearish that has occurred in the previous few years and for a long time where the decline in 2020 even until 2023 so I think it will be a little difficult to wait in a situation that is in an upward trend for a while.

It will be more worth it if you keep buying while you can without seeing the price that is happening now because after all when the price shrinks again then it will not be a problem because our focus is long-term and we also will not miss the moment where we have to be tired of waiting uncertainly because when you expect bitcoin to go down then it could happen the opposite where bitcoin accelerates further than now.
Just relying on waiting alone will not make you more comfortable in the end so try to take action instead of just continuing to wait for something that is not sure to happen.
You are right if they implement DCA purchasing and why should they wait. In long-term implementation, of course there is no waiting at any purchasing stage, there doesn't have to be any reason, if it is due, we have to execute it. That is the application that can be said to be focused on DCA. Moreover, for long term planning, of course we need to make as many purchases as possible every week, so if they wait, they are probably not implementing DCA.

The reason is quite simple why they regret it later because they missed many opportunities to buy and that's all because they waited long enough. I'm bored of waiting because if next week it's the umpteenth buying stage then I keep buying and I look at the portfolio after that where my BTC holdings continue to increase.
Actually, if the initial concept and plan is to wait then it is indeed no problem for those who do it because they have their own way but for me personally it is too tiring because after all with the conditions that I have built from the initial planning waiting is the most recent option that I will choose in bitcoin adoption. Not that it's wrong but it doesn't suit me because from the beginning I have bought in a way that is more likely to lead to DCA.

Waiting in the end will only make you focus on the price you want to have which may never happen again so instead of bothering to wait for an uncertain duration of time just because I want the price to be below, I prefer to buy without the need to see the current conditions whether it is about an increase or a decrease because as long as I can buy then I will still do it.