Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Samlucky O
on 14/08/2024, 07:05:10 UTC
⭐ Merited by JayJuanGee (1)
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.
It is important to buy the dip if you want to be profitable.
although I am not a part of this conversation but I would like to add a little even as JJG may have replied you. the way you sounded @SatoPrincess look somewhat like buying the dip is the most profitable method in the whole investment strategy neglecting the DCA and also lump sum method. to me its a bit problematic, if you check from the statement of Roseline492, he made an exquisitely nice point, very clear and precise about how people talks about buying the dip and making it look more  important than regular DCA, and yes that can be misleeding because it makes everything looks like a quick way of making money from bitcoin, presumably trading. despite whatsoever we shouldn't forget so soon that bitcoin investment is a long term investment and not a short term investment which should not be neglected. and also reffearing buying the dip as the most profitable while DCA strategy to be done as trading is misleading.
Just because you’re using DCA strategy doesn’t mean you should ignore basics of trading and buy bitcoin at ATH. Because if you buy bitcoin at the top, you will be losing money when the market corrects itself. For example you buy bitcoin at 70k, how long do you think you can hodl the bitcoins before the price breaks 70k zone? DCA strategy is good for newbies who are just starting out but for those who have the knowledge of trading, they apply DCA in a more efficient manner.
snip

The elephant in the room problem is that sometimes the BTC price does not dip, and another thing sometimes there is way too much wasted time strategizing about whether the BTC price might or might not dip
hahahah its really quit funny, the elephant talk got me laughing. though it's quit funny how something is obvious and nobody talks about it, as the elephant in the room story entails. but in this context we can say there are times people thinks that their narrative is quit different from other people's approach yet they all end up being confused, and the sake of this confusion is what led to buying weekly DCA, buying the dip + lump sum, to solve some emotional and confusion problem, yet they chose the hardway.  surely there are time people expect bitcoin to dip for them to accumulate more but that doesn't mean they will not continue with other approaches. bitcoin is volatile so it's better sometimes people just follow the right approach than figuring out a personal strategy that end up keeping such person in a confused manner because bitcoin might not continue to dip to a person favour, it's such an unrealistic expectancy.

and there might not even be that BIG of a difference between buying right away or buying regularly and fucking around trying to figure out if there might be a dip or not and if there is going to be a dip, then how much of a dip there might be...or not and does it really make that much of a difference, especially when it cannot even be known anyhow whether there will be a dip or not, even when there are strong feelings that there might be a dip, that does not always end up happening, so then time is wasted  that could be spent in more productive ways.. perhaps even ways to figure out how to earn more money or to cut some expenses in order that more bitcoin can be bought
it's totally a waste of time trying to figure out what shouldn't have been though of at the first place. yea it better to use that time to figure out what to do, probably being productive in some kind of ways, like acquiring more skill that one can be financially productive to increase our portfolio and shortens our time duration of investment , maybe an investing that would have lasted for 20years to accumulate 3 btc may have been reduced to 10 -15years with same 3btc so time is too important to be wrongly used.