Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
arwin100
on 25/08/2024, 13:51:20 UTC
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.
there is no fear in Bitcoin investment if the DCA method is followed to sustain the investment for a long time.
You are wrong; even if you are accumulating bitcoin with a lump sum strategy or accumulating through buying the bitcoin dip, there's no fear in investing our money in bitcoin because there's no fine or punishment placed on anyone who invests his money in bitcoin. The only time there will be fear in bitcoin investment is when you invest your whole money in it or when you invest in bitcoin without keeping an emergency fund, reserve fund, and float because, if there's an unforeseen problem, you will depend on your bitcoin investment to sort it out.

That's really scary especially if you put all your money in bitcoin and nothing left in your position. Since every dip would provably give you stress, so to avoid experiencing this scenario much really better to spend some amount which is aligned with your budget and also make sure to have emergency funds since this  could really save us for any unwanted or unexpected scenario that will happen in our investment. There are times that everything is not smooth as we expect that's why its good to have funds that we can use so if everything is really in bad shape we can recover since we are prepare for this scenario to happen.

Lots of people really hook up with bitcoins potential but they should not be greedy and put everything they have. But rather much better for them to increase up their knowledge and make sure that they are always updated with current news about bitcoin since this is really helpful for their investment on bitcoin.