Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Hatchy
on 03/09/2024, 07:34:52 UTC
Waiting for the bitcoin dip is never a good thing to do because we saw how bitcoin disappointed so many investors who were waiting for it to dip to $10k before they could invest in it. If any investor is much concerned about buying the bitcoin dip.

Any investor waiting BTC to return to $10k mark before he buys, is just wasting their time and to me will have to wait even longer as Bitcoin is not going back to its past. What some investors lack is planning and to me they don't understand how BTC investment works. Why wait for such a dip, when you could buy BTC continuously using the DCA? You can also wait for the dip while doing the DCA and once an opportunity comes In the market, not necessarily the $10k you buy as many as you can afford at that time.



Leave reserve funds for people who are financially buoyant.
You are wrong, and your statement will mislead newbies or new investors who want to start investing their money in bitcoin to mess up their bitcoin accumulation journey. As long as bitcoin investment is concerned, no matter how shitty your income source could be, you should always keep emergency funds, reserve funds, and floats, which would allow you to accumulate bitcoin without depending on your bitcoin investment to solve your unforeseen problems.
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Again reverse funds is something we keep talking about. Some investors just keeps making things complicated for them selfs.. If you don't have a steady source of income, why put all yojr funds in BTC? You should be able to think outside the box. There's no guarantee that your BTC investment would make you rich in the next couple of years. Again what will your BTC be to you when you are not healthy considerate or probably kicked the bucket? When there are so many things to solve personal with your money, first set your accumulation plans aside, there will always be a chance to invest or buy BTC.