Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
DaNNy001
on 12/08/2024, 14:28:12 UTC
Many have commented that the dip is the best time to invest in Bitcoin, such comments are simply foolish. There is no fixed time limit for Bitcoin investment. I think you have enough funds to invest you invest and try to increase it gradually take steps to hold even longer as per your ability.

The extent at which most people talk about always buying at dip can be somehow discouraging to most people in terms of changing there focus from regular accumulation to buy only at dip because they always sounds very convincing as if buying at dip is what guarantee there increment of there investment portfolio, sometimes I feel that most of those who always talk about buying only the dip has little understanding about investment if not they would have only seen that dip is just a temporary opportunity brought through the Bitcoin price drops, so at that moment those who have extra funds will increase there investment or buy at once and move on there DCA instead of just depending on the dip.
Buying on the dip can make an investor more profitable but dip hunting is completely unwise when it comes to investing in Bitcoin. Some investors are still looking for dips as Bitcoin hits its post-2021 low of $16k. If during that period the focus was on increasing the amount of Bitcoin by investing regularly rather than looking for dips then surely that investor could have profited. Because Bitcoin rose from that $16k to $73k. Controlling the temptation to buy from the dip is also a big task if the intention is to profit from Bitcoin. We should remember that Bitcoin will never return to the level it was in 2017. Therefore should avoid dip and start holding bitcoins at the point where one have the money to invest in the position.
Well I would agreed on some point and also note that it's also very paramount and helpful that as an investor utilizing the dip is helpful but it's not a mandate so you can be increasing your portfolio and at the same time maybe up your stakes by buying big during a dip so that your investment keeps on striving big with atleast a slight advantage because everyone knows that the dip is probably the best time to buy Bitcoin to get better figures but most importantly continuation in what you doing is the most because waiting without buying until the dip comes is actually somewhat foolish so making a steady DCA and buying big when the Dip comes is also a welcomed idea well that's for those who are well prepared for their long term investment journey.