Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Ndabagi01
on 29/08/2024, 21:57:14 UTC
I think none of us missed buying on dips today. Yes Btc touched $57860 today, an opportunity for us to increase Btc holdings when the price drops. Basically, fund allocation should be prioritized because at times like this we can increase purchases to be more aggressive. As OP said buy dips and hold them, so when the price drops we have to make the most of it.

If there are no reserve funds, it is quite regrettable if we have to miss the opportunity to buy during a decline like today. For that, arrange the distribution of funds as well as possible to be able to take advantage of the reversal when it happens suddenly. DCA certainly works as it should and purchases when the price drops can also be done if we are good at setting strategies in long-term investment planning.
There is no need to regret if we don't have extra funds during this period the price dipped then it is not something to be worried about. There will be a next time to buy the dip. it could even be below the amount we consider as the dip currently. We don't have to push ourselves too hard to buy the dip, and many people make such a mistake. It makes them tamper with other money that was supposed to be for something else other than Bitcoin investment which may affect our economic and needy aspect of life. Many people go as far as using meant for tuition fees, upkeep, health and to mention a few to buy the dip without considering the effect of doing so.

I believe there will even be a better opportunity to buy the dip soon. $57860 isn't the last dip.

The dip is not a time that a bitcoin investor should be expecting or even allow the thought of it to weigh them down. There are times that they come without notice and every investor that has the capacity then can take advantage of the dip to add to their portfolios.

If you’ve missed out of the opportunity to buy more bitcoin during the dip, it’s encouraging to continue with DCAing because that’s what will make you enjoy the long term benefits of investing in bitcoin. Stacking the coins gradually will not make you feel the pressure of buying too much or spending much of your income on bitcoin.

Out of the three methods an investor in bitcoin can get to stack their bitcoin for long term, only buying at the dip cannot be determined or controlled by the investor. DCA and the lump sum method can be controlled by the investor when they wish for it to happen or not. The advantages of them from top to bottom comes in this manner dip-lump sum-DCA while the less risk part of it comes in this manner DCA-lump sum-dip.