Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Buy the DIP, and HODL!
by
Ricardo11
on 24/09/2024, 15:03:31 UTC
⭐ Merited by cryptoWODL (2)

Advising someone to wait for the dip before accumulating Bitcoin just because to maximise his profits doesn't actually sound nice to me because indirectly you are obviously telling or depriving the person the opportunity he has to start investing on Bitcoin, however you need to understand that Bitcoin dip is something that doesn't happen on a more regular basis, so does it mean that the person will have to wait even if it takes years before the price dip before they can start investing on Bitcoin?, though buying at dip is also a strategy which most people normally use but is not a strategy that should be only use by someone who have not even gotten any Bitcoin stash on there portfolio, so that's were you get it wrong because if there are people that should utilize only the dip it should be those who have been on Bitcoin investment for long because is assumed that they have gotten there Bitcoin portfolio filled up which in other words being sufficient, so at that point even if they choose to invest only on dip is not going to be a big deal but for those who has no Bitcoin should never consider only buying at dip.

Generally, if an investor starts investing by following the DCA method, he must have been able to do the most valuable thing. Usually if the investor invests regularly weekly or monthly in Bitcoin then that investor will be able to buy dips in Bitcoin market dumping one to two times per month. And that's going to be bought immediately because bitcoin is always pumping and dumping, so I think if you do the DCA method on regular bitcoin I think you're going to buy dips in the bitcoin market immediately. Therefore, the main source of all investors is to invest in Bitcoin using the Bitcoin DCA method, because this investment is the only way to achieve success.

DCA method is always the best strategy which focuses on increasing the investment portfolio gradually with market average value, it is the best method for a new investor to achieve long term success, an investor's main goal should be to invest regularly.

Usually a new investor is afraid to take risks at first, because they are completely new to the subject and have no experience. So they have to start with a small amount first, and dedicate themselves to hold for a long time. DCA is a long-term strategy, which helps investors grow wealth over the long-term by ignoring short-term market volatility. By using DCA method one can continue to invest regularly on weekly or monthly basis in a simple and orderly manner.

And investing in smaller chunks through DCA also eases the stress on those new investors, while also allowing currencies like Bitcoin to profit from the normal rate of price appreciation in long-term holdings. So undoubtedly DCA method is a stable and disciplined investment method. Which will be much more profitable in the long run for every investor.