Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odusko
on 31/07/2024, 23:53:18 UTC
All original investors will want to keep their bitcoins for a long time.  That is why every investor should implement their plans, because investing must be planned. Although currently there is a massive dip in the Bitcoin market, as Bitcoin reached $70k, from where it has touched $64k. 

This is the gap that is created and the most success is possible if you buy the dip according to this gap. So every investor needs to have a separate fund in his investment list to buy bitcoin dips, and continue to invest in regular DCA method with other funds.
There is no alternative to buying the dip if you want to make any headway in you bitcoin DCA practice, because it is only buying the dip that you stand a chance to gain from the market on time, and Also limit you chances of losing a substantial amount when you buy and hodle, although yeah bitcoin investment should be done with the long term approach also, so while setting aside your extra cash to buy up bitcoin at every upportuned chances, you should be ready to hold the bought bitcoin for a long period of time in other to have the chance to make a remarkable gains from you investment, so you need to practice patience and also be ready to risk the time no matter how long it takes, that is why we always advice that bitcoin investors should set at least a 5 years investment plans so that at least with in that time, bitcoin price should have move above a significant amount that is way ahead and above your bought price.

Investing in bitcoin need alot of decipline and knowledge, because is only with those two tools that you can be able to stand out among others and be able to take the right position at all time be it buying the dip and hodling for a while and selling to make the desired profits.