Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Popkon6
on 26/08/2024, 10:20:11 UTC
⭐ Merited by FinePoine0 (2)
Maybe you misunderstood it because you only focus on one point. I have given an understanding in that post that DCA is the best so in that case we invest with the DCA pattern and also in conjunction with buying on dips.

Isn't buying on dips the right choice to follow up our accumulation along with routine accumulation every week. You must be able to organize all forms of plans if you are really focused on taking advantage of opportunities when prices fall

Yes, buying and holding will make you comfortable in any situation because your steps are for the long term so holding is an option that must be required.

 Investors use the DCA technique in a declining market situation and this is a very common technique used by every investor, they certainly save in a declining situation and continue to buy and choose to survive and wait for the right time and their strong predictions of the success they will get later.

I disagree with you mate and you have a very wrong conception of the DCA strategy and it can be very misleading, the DCA strategy allows investors to make purchases of Bitcoin irrespective of the market conditions, you buy Bitcoin wether in declining or not, purchase are made on different intervals either weekly or monthly based on your income flow as much comfortable you can be. The DCA strategy has nothing to do with waiting or timing the market conditions, you buy Bitcoin any time so far your money is readily available for investment.

Investing in Bitcoin is entirely at your own discretion but following the DCA approach requires regular investment. But investors can invest using any strategy, those who are wealthy investors mainly buy bitcoins with pooled money and do DCA method. And basically the poor holders are basically buying bitcoins bit by bit, and the whole investment depends on their income. And they invest the extra money that survives without household expenses.

Basically, the investor can invest according to his own strategy and desire. Maybe you can create pressure but later his investment may not last long, every investor will invest according to his free will and he can use any strategy to make it last long it depends on his will.