Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
As-Soon-As
on 24/08/2024, 08:16:12 UTC
In as much as the DCA strategy has enormous benefits and how much of it's dominance in terms of discussion in this thread and forum at large, I don't think it is ok to suggest that one should stick to what works best for others, every strategy has it's own unique functionality and should be applied to suit him or her and moreso, what is most important is to increase the size of our Bitcoin.

Whichever strategy or strategies that is being employed by an investor in ensuring achieving a successful investment is good.
Of course I totally agree with your opinion because DCA is the best strategy to apply in Bitcoin investment. Apart from the price fluctuations that make DCA very good to apply because we can buy at different price levels every week. For that I also think that everyone has the same goal, which is to buy at dips and hold them. There is nothing to think about far because everyone certainly wants to increase their bitcoin ownership by accumulating regularly.

Indeed, there are many ways for them to satisfy themselves by implementing a strategy that is fairly comfortable for them, but in general DCA is the most widely used. Today bitcoin has gone up 4% where in this writing the price of bitcoin is traded at $63500 where the reversal is quite fast because two weeks ago bitcoin had fallen drastically and the big conclusion is of course with DCA we do not miss buying when the price drops like what happened in the last two weeks.

Although no one expects a decline to occur, market conditions still cannot be predicted correctly because the price of bitcoin could rise significantly and vice versa. Therefore, prepare cash flow as well as possible during our investment journey so that we can take advantage of the moment to increase aggressively when the opportunity arises.
We shouldn't only accumulate Bitcoin when it is dip for it is important we accumulate all season though the dip is just an opportunity for an investor to accumulate enough Bitcoin and HODL but if the goal is only to accumulate when it is dip it will really delay our Bitcoin investment journey. So I think the goal should be keeping on accumulating more Bitcoin and HODL weather the price of Bitcoin is dip or not the importance thing there is how much Bitcoin you were able to accumulate and how long you were able to hodl.

I never agree with your information, because you don't present information that scares new investors away. Here are the facts that new investors will have the opportunity to invest according to your information, and there is no fear in Bitcoin investment if the DCA method is followed to sustain the investment for a long time. You will notice that both old investors and new investors who have been investing in Bitcoin for a long time are largely successful.

Another advantage you can use with the Bitcoin DC method is to keep a separate deposit if you want to buy a dip.  And divide your total fund into three parts. Buy dips, do DCA procedures, and keep an emergency fund so that you don't lose out on investments. Because you keep this fund so that you don't have to sell your investment when you are in danger. If you follow this method then you can be successful in investment and hold the investment for long time surely you will get success.