Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 27/08/2024, 00:25:01 UTC
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 agree with you that the DCA strategy is a common strategy used by most investors to accumulate bitcoin, but you are wrong with your explanation about the DCA strategy because it doesn't only allow investors to accumulate bitcoin in a bear market. The DCA strategy allows investors to accumulate bitcoin right away when their DCA money is readily available, either on a weekly or monthly basis, without waiting for any dips to happen before they can accumulate bitcoin. One of the benefits of using the DCA strategy to accumulate bitcoin is that it allows investors to accumulate bitcoin both in a bearish and bullish state, which gives them an advantage over those investors waiting to buy bitcoin when there is a bitcoin dip.