Ninjastic
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Board Speculation
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 08/08/2024, 15:43:26 UTC
Quote from: SuperBitMan on Today at 12:33:10 PM
Quote from: EclipseXcrypto on Today at 05:48:12 AM
Quote from: adultcrypto on August 07, 2024, 11:59:15 PM
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
Absolutely adultcrypto, the market has been full of opportunities for accumulating Bitcoin with all the market movements happening. It has been rewarding both DCA'ing and those buying the dips. But some folks refused to view it on this manner they prefer to complain or some people focus on the negative thoughts during dips instead of seeing the opportunities presented in the market for investors DCA'ing and those buying the dips. Trying to predict the market is very stressful, that's why Sticking to a DCA strategy especially when the market behavior is very unpredictable. Buying and HODLing bitcoin is the best way to go, it allows the market display and unfold different circumstances why you stay focused in accumulating and increasing your holdings  believing in the potential growth.
There are many Bitcoin investment strategy and the reason DCA strategy is preferable for be is because is the best for those who are working and receiving salary monthly, this strategy won't be the best for a contractor who gets contract once in a while.

DCA is suitable for all level of investors, be it contractors or salary earners. A contractor who gets contract once in a while can make use of DCA perfectly. Nothing stops him if after executing a contract and he decides to invest like $3k into bitcoin, and he chooses to invest like $50 every weekend from the $3k he has set aside for investment. In this scenario, he is utilizing DCA method to invest, even though he is not a monthly salary earner. The moment you understand the concept of DCA, you will realize how it works. Every investors irrespective of your financial structure you can still make use of DCA. So don't think that DCA is just meant for salary earners alone. That's a wrong mentality.