Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Taskford
on 30/08/2024, 13:38:17 UTC
Purposefully holding off for dips seems to be way more logically justifiable after a BTC accumulator had already accumulated a decent amount of BTC, and even then, they may mis-assess how much is a decent amount of BTC, so likely it remains way better for a BTC accumulator to largely focus on regular DCA buying through a whole BTC cycle before starting to try to strategize buying dips, unless they have abilities to front load their BTC investment, which would have had put them into a different position from someone who is ONLY able to invest 10-15% or less of his disposable income into bitcoin.


If you ask me, it's more about use about 10% of monthly salary to DCA, then save the rest. Because if we are lucky, and a golden opportunity comes again - it might be a good time to be irresponsible and use up to 90% of your savings to buy the DIP.

I merely use the 200-Weekly SMA as a guide to ascertain a "Golden Opportunity DIP". It's currently $38,670, if the price crashes near that or under, that's high probability a good purchase.

Using 10% of our monthly salary is never a bad idea as long as the reserve is able to sustain you till you are able to refill it again, so actually is a note able ideology that 10% of monthly salary is a kind of fraction that shouldn't present any challenges of using it but sometimes it can be too much for most investors to use because there are people who has a very large family and there consumption is also very high so you can see that doing 10% without some consideration will certainly affect the investors, so perhaps bringing it down a little more will also be a good idea for such investors. Also concerning the place you mentioned about investing 90% of our savings don't you think is a bit too high?.

It really never be a bad idea to use 10% of our monthly salary to buy bitcoin if this is what we can afford. If they think other people that this is small amount then let them think about that. Maybe they are rich that's why they say about that. What's important is they are accumulating and for sure that numbers will not remain like that since for sure that there are times we earn extra money then used it to buy bitcoin.

For sure we still have good balance to have especially if they decide to hold it for long years. Its really challenging to separate some funds for investment if we have personal obligations from our family. But if the person is really eager to make their life became more better for sure there's always a way to make everything they want to happen. Also we should never invest all our money since for sure that we will have or encounter an issue if we do this.