Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
EarnOnVictor
on 18/09/2024, 10:36:52 UTC
Buying the dip is not only for the traders, those that made preparations for it can buy the dip if the plan is there especially with a reserve fund, but as for me am not much carried away with buying the dip so that I will not get in to any troubles of not sticking to my plans so as no to use the money that is meant for another thing for investment my plan is to focus on dcaing, and am good with it.
Just buy whenever you want to. It's true that buying the DIP isn't only for the traders but it is for everyone, literally all of us.
And if you're not that much carried away by buying the DIP, then it only means that you're not pressured at all.
This should be what investing is, we're free to do it whenever we want and no pressures at all because you know how long the market will stand for.
We should invest in such a way that we never feel pressured to invest. This cannot be done when we want to stay away from investing when it feels pressured to us. Before investing we can plan long term but there is no problem if we invest consistently with less amount of money. If we keep depositing money little by little, then the amount of money will be much more at one time, similarly if we continue to invest little by little then the amount of investment will be much more at one time. Basically our objective is to invest and maintain investment continuity as well as hold investment for long term.
Beautiful! This sounds like a good investment plan, though it's more savings inclined but it's worth it especially if one cannot afford big money for the investment at once. You are also one of the few who didn't call out DCA like most people do here, it's not the only investment plan as they make it look and there are factors to choosing it which doesn't include this one because the money is randomly saved into Bitcoin unlike those who already have a certain plan for it. Still, I like you to consider the price at which you save the little money in Bitcoin, prices could be disadvantageous at times, which is why it's good you wait till the price is favourable even if you'd invested some part earlier. Investing at peak levels will never be a good strike.