Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
sotelorene
on 08/08/2024, 12:49:16 UTC
The bitcoin market have been generous to investor this year both those using the DCA method and those buying the dips, none have been left behind and all of them have had the opportunity to buy as much bitcoin as the desire. As of this moment, I don't this moment I don't think there is anyone that will feel left behind yet unless those still sitting in the fence or those weak hands that panicked and sold when the market started correcting. Those are the true losers that might end of regretting when the market is fully recovered. I will continue to maintain my DCA method to take full advantage of this golden opportunity the market offered us again to buy bitcoin around $50k, a price I thought we had passed and was not coming back to. The market behavior also made me realized that the mistake people make trying to predict the market is really a terrible and unnecessary one. The focus should always be to buy and HODL and allow the market develop accordingly
Yes I also think bitcoin market has been good to investors this year. Both people who invest little at a time and those who buy when price is low have been able to get bitcoin. But people who sold when price went down or are still waiting might be sorry later. I think it is best to keep investing little at a time and holding onto bitcoin instead of trying to guess what market will do. This way we can benefit from long term growth of bitcoin. Right now the price is around $57k which is a good time to buy.


You are absolutely correct investing in Bitcoin little at a time is still like the DCA method which is termed the best strategy to invest in Bitcoin and investing little at a time doesn't mean one investment won't yield a good profit but it depend on how long you are able to hold your Bitcoin and how consistent you are in your DCA method there's never specific time that is said to be a good time to invest in Bitcoin, everytime is best to invest but for those who always buy at the Dip the best for them is falling down of Bitcoin (Dip).

So, does it mean that if there's no Dip in the market those who buys at the Dip won't invest. Do they always wait till Bitcoin Dip before they invest. Well, if they do..., I don't think the strategy is really good because the more one keep waiting for the Dip the more opportunity one will miss. Monitoring the market is like a waste of time and energy unless you are a trader because there's no need to monitor the market since one is investing to hold for some period of time. The falling down of Bitcoin price may be a great advantage but not for everyone because there are people who don't have enough fund to take advantage so in this case it's not for that person and if the person tries to..., Is either the person land him/herself into big problem or maybe panic later so the Dip shouldn't make us take decision or actions that will affect us later.