Post
Topic
Board Speculation
Re: Road to 100k?
by
Frankolala
on 04/09/2024, 15:24:49 UTC
By that, I would have known the best place to regularly buy it when it dips and the regular place I would liquidate it when it reaches certain highs to repurchase at certain lower levels again. If such has been done since the beginning of this year I wonder how much the investor would have realized already. However, if Bitcoin can get lower to about $15,000-$20,000 again, HODLing is still good for it because the level is lower enough to give you a rest of mind and still earn well for you over time.
No one can predict the market to know when the dip will come or when the price will pump amd this is where traders run at loss. It is easy said than done because you might buy and sell with little profit and never see the price that you bought again if bitcoin price keeps pumping. What will you then do with the cash on you, miss out good profits in future.

Quote
Again, if Bitcoin dips very well like that, I see it as pointless DCAing, and I would commit all my money to it at once in such a situation. This is to hint that DCA is smart in some market conditions but not when the market is already very cheap, what do you intend to lose in that situation?
The truth is that nobody knows the bottom line of the dip, you might see a dip amd rush into buying with all your money and the price goes dip below what you bought making it a problem for you because you will lb be worried, especially if the price stays down for some time. This is why DCA method is good because it gives you the opportunity to buy bitcoin at the bottom line of the dip that peopled who feels buying at the dip is the best might not be opportune to buy at that low price. New investors don't need focus on the dip but focus on building an d growing their bitcoin investment with regular DCA buying always for a very long time.