Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Odohu
on 11/08/2024, 21:27:26 UTC
Absolutely correct and the earlier everyone understands the difference while contributing to discussions on this thread the better for us all, because cryptocurrency is an ambiguous words which could mean not just bitcoin alone but shitcoins altogether whereas the trajectory of the discussion on how to buy the dip and hodl by maximizing the DCA strategy is strictly on bitcoin. I think staying on course this was will help even newbies getting into this thread for the very first time to know specifically without getting confused or misled. Shitcoins ain't bitcoin and there's no logical comparison about that.
Overall not relevant when talking about shitcoins in a thread that is more focused on bitcoin, this will be ambiguous for some new people who come with not so good knowledge. The relevance of investment can be seen in the level of strength of the coin we want to invest in. This is based on market observations and it is certain that people will see bitcoin as a source they can trust to protect the value of the money they have. He still considers DCA to be a good strategy that can be applied by anyone, although buying the dip is also a good move when someone understands the pattern.
Discussions of shitcoins in this thread may seem out of place but it is good such is mentioned so that clarifications can be made. Recall that a lot of people have been using crypto to describe even Bitcoin together with the various shitcoins, if these clarifications are not made, some people might think that buying the dip and HODL will apply to shitcoins too without knowing that shitcoins should be avoided because they do not grow in value with time but die with time.

Those of us that have invested in shitcoins before and learnt the hard way knows that the founders of those shitcoins uses fancy words too in marketing their garbage. So the discussions of shitcoin have further add direction to the general discussion here and through that many people have learnt, from the experience of others, that shitcoins should be avoided and the various approaches being discussed here such as the DCA method and buying the dips do not apply to shitcoins.